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Barclays Stick to Their Sell Rating for Cheesecake Factory By Investing.com

By November 2, 2020 No Comments

Barclays (LON:) analyst Jeff Bernstein maintained a Sell rating on Cheesecake Factory (NASDAQ:) on Friday, setting a price target of $24, which is approximately 19.25% below the present share price of $29.72.

Bernstein expects Cheesecake Factory to post earnings per share (EPS) of -$1.61 for the fourth quarter of 2020.

The current consensus among 14 TipRanks analysts is for a Hold rating of shares in Cheesecake Factory, with an average price target of $31.46.
The analysts price targets range from a high of $40 to a low of $22.

In its latest earnings report, released on 06/30/2020, the company reported a quarterly revenue of $295.85 million and a net profit of -$81.17 million. The company’s market cap is $1.35 billion.

According to TipRanks.com, Barclays analyst Jeff Bernstein is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 7.3% and a 67.43% success rate.

Cheesecake Factory, Inc. engages in the operation of chain restaurants. It operates through The Cheesecake Factory and Other segments. The Cheesecake Factory segment involves in the management of restaurants. The Other segment comprises of Grand Lux Cafe, RockSugar Southeast Asian Kitchen, bakery, consumer packaged goods, and international licensing. Its menu offering includes appetizers, pizza, seafood, steaks, chicken, burgers, small plates, pastas, salads, sandwiches, omelettes, and desserts. The company was founded by David M. Overton, Oscar Overton, and Evelyn Overton in 1972 and is headquartered in Calabasas Hills, CA.

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