Cheesecake Factory (CAKE) Warns for Q2

Canaccord Genuity Reiterates Hold Rating & $60 PT on Cheesecake Factory (CAKE); 'Reducing Estimates Given Lower Sales Guide for Q2'

Canaccord Genuity reiterates Hold rating and $60 price target on Cheesecake Factory (NASDAQ: CAKE), as the company announced changes to Q2 comp guidance ahead of a competitor conference on June 13.

Analyst Lynne Collier notes that management lowered second quarter comp guidance down to -1.0%,... More

Cheesecake Factory (CAKE) PT Lowered to $57 at Baird; Remains Sidelined

Baird lowered its price target on Cheesecake Factory (NASDAQ: CAKE) to $57.00 (from $60.00) while maintaining a Neutral rating. The company's disappointing Q2 comps update partly reflects the negative impact from unseasonal weather in Midwest/East markets.

Prior to presenting at two investor conferences... More

Cheesecake Factory (CAKE) PT Lowered to $62 at BofA/Merrill Lynch Following Guidance Cut

BofA/Merrill Lynch lowered its price target on Cheesecake Factory (NASDAQ: CAKE) to $62.00 (from $67.00) while maintaining a Neutral rating. Cheesecake Factory cut its 2Q guidance for same store sales intra-quarter. The company now expects comps to be down about 1% for 2Q, below previous guidance... More

Maxim Group Upgrades Cheesecake Factory (CAKE) to Buy

Maxim Group analyst Stephen Anderson upgraded Cheesecake Factory (NASDAQ: CAKE) from Hold to Buy with a price target of $65.00.

For an analyst ratings summary and ratings history on Cheesecake Factory click here. For more ratings news on Cheesecake Factory click here.

Shares of Cheesecake Factory closed at $52.58 yesterday.

Cheesecake Factory (CAKE) PT Lowered to $55 at Wells Fargo; 'Cutting EPS with SSS Shortfall Driving Material Deleverage on Company-Owned Restaurant Model'

Wells Fargo lowered its price target on Cheesecake Factory (NASDAQ: CAKE) to $55.00 (from $61.50) while maintaining a Market Perform rating, as the company lowered its same-store sales guidance.

Analyst Jeff Farmer notes the revised guidance from management, lowering SSS outlook to -1% from +1% is fueled by... More