Oppenheimer Maintains Outperform on The Cheesecake Factory, Raises Price Target to $122

CAKE Stock Up 72% in 6 Months: Can Its Discount P/E Fuel More Gains?

The Cheesecake Factory (CAKE) has surged 72.4% in six months, driven by record Q2 revenues exceeding $1 billion, 24% EPS growth, and a decade-high 20% restaurant margin. Strong comparable sales growth of 5.8%, menu innovation, successful Rewards app adoption, and improved traffic are fueling momentum. The stock trades at a P/E of 19.86X, below the industry average, while analysts have raised 2026 and 2027 earnings estimates. Flower Child brand shows strong growth, though North Italia faces challenges.

Shares of restaurant companies are trading lower after August's dining foot traffic data showed a 2.4% year-over-year decrease.

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.