A statement released earlier today by Zacks Investment Research about Cheesecake Factory Inc (NASDAQ:CAKE) bumps the target price to $58.00
- Updated: September 27, 2016
Having a price of $51.58, Cheesecake Factory Inc (NASDAQ:CAKE) traded -0.85% lower on the day. With the last close up 1.08% from the two hundred day average, compared with the Standard & Poor's 500 Index which has decreased -0.01% over the same period. CAKE has recorded a 50-day average of $51.33 and a two hundred day average of $50.97. Trade Volume was down over the average, with 603,283 shares of CAKE changing hands under the typical 736,880
In a report announced on Tuesday September 27, 2016 Zacks Investment Research raised the target price of Cheesecake Factory Inc (NASDAQ:CAKE) to $58.00 reporting a possible upside of 0.12%.
Recent Performance Chart
Cheesecake Factory Inc has PE ratio of 20.55 with a one year low of $44.16 and a one year high of $55.53 and has a market capitalization of $0.
General Company Details For Cheesecake Factory Inc (NASDAQ:CAKE)
The Cheesecake Factory Incorporated is engaged in the restaurant and bakery business. The Company operates approximately 200 Company-owned restaurants, including approximately 190 restaurants under The Cheesecake Factory mark and approximately 10 restaurants under the Grand Lux Cafe mark. The Company's segments include The Cheesecake Factory restaurants, and other, which includes Grand Lux Cafe, RockSugar Pan Asian Kitchen, bakery and international licensing. It operates a restaurant under the RockSugar Pan Asian Kitchen mark. It also operates approximately two bakery production facilities, which produce desserts for its restaurants, international licensees and third-party bakery customers. The Company's restaurants offer lunch and dinner, as well as Sunday brunch. Its restaurants also offer a bar. Its menu consists of over 200 items in addition to items presented on supplemental menus, such as its SkinnyLicious menu, which offers approximately 50 items.
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