Cheesecake Factory (CAKE) Receives a Hold from Wedbush

By Jason Carr

In a report released today, Nick Setyan from Wedbush maintained a Hold rating on Cheesecake Factory (CAKEResearch Report), with a price target of $50. The company’s shares closed yesterday at $45.74.

According to TipRanks.com, Setyan is a 4-star analyst with an average return of 4.6% and a 57.1% success rate. Setyan covers the Services sector, focusing on stocks such as Dine Brands Global Inc, Del Taco Restaurants, and Jack In The Box Inc.

Currently, the analyst consensus on Cheesecake Factory is a Hold with an average price target of $52.40.

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The company has a one-year high of $60.19 and a one-year low of $41.63. Currently, Cheesecake Factory has an average volume of 731.5K.

Based on the recent corporate insider activity of 29 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of CAKE in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Cheesecake Factory, Inc. engages in the operation of chain restaurants. It operates through The Cheesecake Factory and Other segments. The Cheesecake Factory segment involves in the management of restaurants. The Other segment comprises of Grand Lux Cafe, RockSugar Southeast Asian Kitchen, bakery, consumer packaged goods, and international licensing.