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Wells Fargo Maintains Equal-Weight on The Cheesecake Factory, Raises Price Target to $105
Wells Fargo analyst Zachary Fadem maintains The Cheesecake Factory (NASDAQ:CAKE) with a Equal-Weight and raises the price target from $90 to $105.
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CAKE Stock Soars 70% in the Past 3 Months: Can the Rally Continue?
The Cheesecake Factory (CAKE) has surged 70.1% over three months, significantly outperforming the restaurant industry. The rally is driven by positive traffic growth of 2.7%, menu innovation, strong digital engagement through its Cheesecake Rewards app, and margin expansion to 20%. Q2 2026 revenues exceeded $1 billion for the first time with adjusted EPS jumping 24% year-over-year. Analysts have raised 2026 and 2027 earnings estimates, with the stock trading at a reasonable valuation relative to peers.
JP Morgan Maintains Neutral on The Cheesecake Factory, Raises Price Target to $105
JP Morgan analyst John Ivankoe maintains The Cheesecake Factory (NASDAQ:CAKE) with a Neutral and raises the price target from $92 to $105.