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Why Cheesecake Factory's Stock Is Trading Higher Today

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Why Cheesecake Factory's Stock Is Trading Higher Today

Cheesecake Factory (NASDAQ: CAKE) shares are trading higher after Deutsche Bank upgraded the stock from Hold to Buy and announced a $40 price target.

Cheesecake Factory owns and operates restaurants in the United States and Canada under brands that include Cheesecake Factory, North Italia, and a collection within the Fox Restaurants Concepts subsidiary. The company's international presence, in the Middle East and Mexico, is through licensing agreements with third parties.

The company also has a bakery division that produces cheesecakes and other baked products for sale in its restaurants, international licensees, and third-party bakery customers. The company has four operating business segments: The Cheesecake Factory restaurants, North Italia, other FRC, and others. Most of the company's revenue comes from The Cheesecake Factory restaurants segment.

Cheesecake Factory shares were trading up 22.02% at $37.90 on Monday. The stock has a 52-week high of $44.66 and a 52-week low of $14.52.

Latest Ratings for CAKE

DateFirmActionFromTo
Jan 2021Stephens & Co.UpgradesUnderweightEqual-Weight
Nov 2020WedbushUpgradesNeutralOutperform
Nov 2020Deutsche BankUpgradesHoldBuy

View More Analyst Ratings for CAKE
View the Latest Analyst Ratings

 

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Posted-In: why it's movingUpgrades Analyst Ratings

Latest Ratings

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MRTXHC Wainwright & Co.Maintains257.0
NVDATruist SecuritiesMaintains672.0
NVDASusquehannaMaintains625.0
BLKBMO CapitalMaintains715.0
BLKDeutsche BankMaintains838.0
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