Jefferies analyst Andy Barish raised the firm’s price target on Cheesecake Factory (CAKE) to $58 from $49 and keeps a Buy rating on the shares. The firm views 2025 as “poised to be a largely normal year for Restaurants,” with a competitive landscape in value proposition, fighting for traffic share in a cautious consumer environment and “perhaps more separation” between relative winners and losers, the analyst tells investors in a Restaurants and Foodservice Distribution outlook note. In Restaurants, the analyst’s top pick is McDonald’s (MCD) and in Foodservice Distribution the firm’s top pick is Performance Food Group (PFGC), the analyst noted.
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Read More on CAKE:
- Cheesecake Factory price target raised to $56 from $51 at Raymond James
- Cheesecake Factory price target raised to $57 from $51 at Stephens
- Cheesecake Factory initiated with a Buy at Goldman Sachs
- Cheesecake Factory management to meet virtually with Stephens
- Cheesecake Factory price target raised to $52 from $49 at BofA
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
