Market Overview

UPDATE: Wunderlich Securities Initiates The Cheesecake Factory at Hold on Valuation

Share:
Related CAKE
BTIG Initiates Coverage Of 15 Restaurant Stocks; Prefers Chipotle, Starbucks, B-Dubs Over McDonald's, Yum & Others
Which Companies Could Avian Flu Hurt The Most?

In a report published Tuesday, Wunderlich Securities analyst Robert Derrington initiated coverage on The Cheesecake Factory (NASDAQ: CAKE) with a Hold rating and $46.00 price target.

In the report, Wunderlich Securities noted, “We are initiating coverage of The Cheesecake Factory, Inc. (CAKE) with a Hold rating and a $46.00 price target. Cheesecake remains one of the casual dining industry's highest performing concepts with its above-average unit sales and strong potential growth prospects. While our investment bias favors more differentiated business models like CAKE's, we remain cautious with our initial investment rating given industry challenges of volatile consumer spending juxtaposed with CAKE's relatively elevated valuation, recently trading at 19.5x forward 12-month (FTM) EPS versus its 5-year average of 16.4x.”

The Cheesecake Factory closed on Monday at $42.78.

Latest Ratings for CAKE

DateFirmActionFromTo
Jul 2015BairdMaintainsNeutral
Jul 2015BarclaysMaintainsEqual-weight
Jul 2015JefferiesMaintainsHold

View More Analyst Ratings for CAKE
View the Latest Analyst Ratings

Posted-In: Robert Derrington Wunderlich SecuritiesAnalyst Color Initiation Analyst Ratings

 

Related Articles (CAKE)

View Comments and Join the Discussion!

Get Benzinga's Newsletters