Cheesecake Factory
(NASDAQ:CAKE)
$40.95
0.16[0.39%]
At close: Jun 17
$40.95
0[0.00%]
PreMarket: 6:00PM EDT
Consensus Rating1
Neutral
Highest Price Target1
$60.00
Lowest Price Target1
$28.00
Consensus Price Target1
$36.00

Cheesecake Factory (NASDAQ:CAKE) Stock, Analyst Ratings, Price Targets, Predictions

Cheesecake Factory Inc has a consensus price target of $36, established from looking at the 96 latest analyst ratings. The last 3 analyst ratings were released from Wedbush, JP Morgan, and B of A Securities on May 30, 2024, May 28, 2024, and May 15, 2024. With an average price target of $42.67 between Wedbush, JP Morgan, and B of A Securities, there's an implied 4.19% upside for Cheesecake Factory Inc from these 3 analyst ratings.

Analyst Trends and Forecast
1
Dec 23
1
Jan
1
1
1
Feb
2
Apr
5
3
2
May
Buy
Hold
Sell
Strong Sell
Analyst Rating and Forecast
12345
2.9
Hold
Strong Buy
Buy
Hold
Sell
Strong Sell

Analyst Firms Making Recommendations1

Wedbush
JP Morgan
B of A Securities
Stephens & Co.
Citigroup

1calculated from analyst ratings

Analyst Ratings for Cheesecake Factory

Buy NowGet Alert
05/30/2024Buy Now9.89%Wedbush
Nick Setyan
$45 → $45ReiteratesOutperform → OutperformGet Alert
05/28/2024Buy Now-2.32%JP Morgan
John Ivankoe
$34 → $40MaintainsUnderweightGet Alert
05/15/2024Buy Now5.01%B of A Securities
Katherine Griffin
$39 → $43MaintainsNeutralGet Alert
05/15/2024Buy Now22.1%Stephens & Co.
Jim Salera
$44 → $50MaintainsOverweightGet Alert
05/10/2024Buy Now14.77%Citigroup
Jon Tower
$38 → $47UpgradeNeutral → BuyGet Alert
05/09/2024Buy Now7.45%Stephens & Co.
Jim Salera
→ $44ReiteratesOverweight → OverweightGet Alert
05/09/2024Buy Now2.56%Raymond James
Brian Vaccaro
→ $42UpgradeMarket Perform → OutperformGet Alert
05/09/2024Buy Now-7.2%Deutsche Bank
Lauren Silberman
$37 → $38MaintainsHoldGet Alert
05/09/2024Buy Now-12.09%Wells Fargo
Zachary Fadem
$35 → $36MaintainsEqual-WeightGet Alert
05/09/2024Buy Now-21.86%Barclays
Jeffrey Bernstein
$33 → $32MaintainsUnderweightGet Alert
05/09/2024Buy Now-9.65%Baird
David Tarantino
$32 → $37MaintainsNeutralGet Alert
05/09/2024Buy Now9.89%Wedbush
Nick Setyan
$40 → $45MaintainsOutperformGet Alert
04/12/2024Buy Now7.45%Stephens & Co.
Jim Salera
→ $44Reinstates → OverweightGet Alert
04/10/2024Buy Now-2.32%Wedbush
Nick Setyan
→ $40ReiteratesOutperform → OutperformGet Alert
02/22/2024Buy Now-9.65%Piper Sandler
Nicole Miller Regan
$33 → $37MaintainsNeutralGet Alert
02/22/2024Buy NowOppenheimer
Brian Bittner
MaintainsPerformGet Alert
02/22/2024Buy Now-19.41%Barclays
Jeffrey Bernstein
$32 → $33MaintainsUnderweightGet Alert
02/22/2024Buy Now-2.32%Wedbush
Nick Setyan
→ $40ReiteratesOutperform → OutperformGet Alert
01/23/2024Buy Now-19.41%JP Morgan
John Ivankoe
→ $33DowngradeNeutral → UnderweightGet Alert
12/21/2023Buy NowWedbush
Nick Setyan
UpgradeNeutral → OutperformGet Alert
11/22/2023Buy Now-16.97%Wedbush
Nick Setyan
$32 → $34MaintainsNeutralGet Alert
11/20/2023Buy Now-21.86%Wedbush
Nick Setyan
→ $32ReiteratesNeutral → NeutralGet Alert
11/02/2023Buy Now-19.41%Piper Sandler
Nicole Miller Regan
$36 → $33MaintainsNeutralGet Alert
11/02/2023Buy Now-36.51%Barclays
Jeffrey Bernstein
$28 → $26MaintainsUnderweightGet Alert
11/02/2023Buy Now-14.53%Stephens & Co.
Joshua Long
$40 → $35MaintainsOverweightGet Alert
11/02/2023Buy Now-21.86%Wedbush
Nick Setyan
→ $32ReiteratesNeutral → NeutralGet Alert
10/23/2023Buy Now-31.62%Barclays
Jeffrey Bernstein
$32 → $28MaintainsUnderweightGet Alert
10/19/2023Buy Now-21.86%Deutsche Bank
Lauren Silberman
→ $32Initiates → HoldGet Alert
10/18/2023Buy Now-19.41%Citigroup
Jon Tower
$39 → $33MaintainsNeutralGet Alert
10/11/2023Buy Now-31.62%Morgan Stanley
John Glass
$31 → $28MaintainsUnderweightGet Alert

FAQ

Q

What is the target price for Cheesecake Factory (CAKE) stock?

A

The latest price target for Cheesecake Factory (NASDAQ:CAKE) was reported by Wedbush on May 30, 2024. The analyst firm set a price target for $45.00 expecting CAKE to rise to within 12 months (a possible 9.89% upside). 40 analyst firms have reported ratings in the last year.

Q

What is the most recent analyst rating for Cheesecake Factory (CAKE)?

A

The latest analyst rating for Cheesecake Factory (NASDAQ:CAKE) was provided by Wedbush, and Cheesecake Factory reiterated their outperform rating.

Q

When was the last upgrade for Cheesecake Factory (CAKE)?

A

The last upgrade for Cheesecake Factory Inc happened on May 10, 2024 when Citigroup raised their price target to $47. Citigroup previously had a neutral for Cheesecake Factory Inc.

Q

When was the last downgrade for Cheesecake Factory (CAKE)?

A

The last downgrade for Cheesecake Factory Inc happened on January 23, 2024 when JP Morgan changed their price target from N/A to $33 for Cheesecake Factory Inc.

Q

When is the next analyst rating going to be posted or updated for Cheesecake Factory (CAKE)?

A

Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of Cheesecake Factory, and listening in to earnings conference calls. Most analysts do this every three months, so you should get 4 ratings per company per firm each year. The last rating for Cheesecake Factory was filed on May 30, 2024 so you should expect the next rating to be made available sometime around May 30, 2025.

Q

Is the Analyst Rating Cheesecake Factory (CAKE) correct?

A

While ratings are subjective and will change, the latest Cheesecake Factory (CAKE) rating was a reiterated with a price target of $45.00 to $45.00. The current price Cheesecake Factory (CAKE) is trading at is $40.95, which is out of the analyst’s predicted range.

Browse analyst ratings and price targets on all stocks.

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