Analysts Raise Cheesecake Factory Price Target to $100.36 While Maintaining Hold Rating
Wall Street analysts covering Cheesecake Factory Incorporated (CAKE) updated their 12-month price targets for the restaurant operator. The average forecast among 14 analysts climbed to $100.36 per share, up from a previous figure of $98.64.
Despite the higher average target, the new figure suggests roughly 11% downside compared to the stock's Oct. 13 closing price and its recent trading price of $112.80. Analyst estimates for the stock remain widely split, spanning a low of $60 to a high of $128 per share.
Overall sentiment around the restaurant chain remains cautious. Across 21 covering analysts, the overall recommendation holds steady at "Hold," backed by 15 Hold ratings, four Buys, and two Sells. Investors will be watching whether upcoming operational performance prompts further target updates or rating shifts.
Key points
- 14 analysts raised Cheesecake Factory's average 12-month price target to $100.36 from $98.64.
- Individual price target predictions range from $60 to $128 per share.
- The updated target represents approximately 11% potential downside from recent price levels.
- The consensus analyst rating remains "Hold" with 4 Buys, 15 Holds, and 2 Sells among 21 analysts.
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How we writeDisclaimerQuestions and answers
What is the average price target for Cheesecake Factory stock?
The average 12-month price target from 14 analysts is $100.36 per share, with forecasts ranging from $60 to $128.
What is the overall analyst rating for Cheesecake Factory?
The consensus rating is "Hold" among 21 covering analysts, consisting of four Buys, 15 Holds, and two Sells.
Does the new price target imply stock upside or downside?
Based on recent trading prices, the updated average price target implies approximately 11% potential downside.