Cheesecake Factory Upgraded By Vetr Top Raters, 88% Bullish

Shares of Cheesecake Factory Inc CAKE have gained almost 13 percent since the beginning of 2016, substantially outperforming major U.S. stock indexes. But, is there room for further growth?

Related link: Here's How Crowdsourced Ratings Can Beat The Market

Following the aforementioned run-up, top raters at the Vetr community upgraded the stock, from 4.0 Stars to 4.5 Stars -- out of a possible 5.0 Star rating, and set a $59.30 price target, which implies a 13.8 percent upside from current valuations.

Finally, it should be noted that 88 percent of the crowd’s ratings are bullish.

Disclosure: Javier Hasse holds no positions in any of the securities mentioned above.