Cheesecake Factory (CAKE) Stock Forecast & Price Target

$37.38

+0.69 (+1.88%)

(As of 07/26/2024 ET)

Cheesecake Factory - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Hold
Based on 14 Analyst Ratings

Based on 14 Wall Street analysts who have issued ratings for Cheesecake Factory in the last 12 months, the stock has a consensus rating of "Hold." Out of the 14 analysts, 3 have given a sell rating, 6 have given a hold rating, and 5 have given a buy rating for CAKE.

Consensus Price Target

$39.58
5.89% Upside

High Forecast	$50.00
Average Forecast	$39.58
Low Forecast	$28.00

According to the 14 analysts' twelve-month price targets for Cheesecake Factory, the average price target is $39.58. The highest price target for CAKE is $50.00, while the lowest price target for CAKE is $28.00. The average price target represents a forecasted upside of 5.89% from the current price of $37.38.

Type	Current Forecast 7/28/23 to 7/27/24	1 Month Ago 6/28/23 to 6/27/24	3 Months Ago 4/29/23 to 4/28/24	1 Year Ago 7/28/22 to 7/28/23
Consensus Rating	Hold	Hold	Hold	Reduce
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	5 Buy rating(s)	5 Buy rating(s)	4 Buy rating(s)	2 Buy rating(s)
Hold	6 Hold rating(s)	6 Hold rating(s)	6 Hold rating(s)	10 Hold rating(s)
Sell	3 Sell rating(s)	3 Sell rating(s)	3 Sell rating(s)	4 Sell rating(s)
Consensus Price Target	$39.58	$39.58	$35.64	$36.07
Forecasted Upside	5.89% Upside	8.94% Upside	8.66% Upside	-1.80% Downside

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CAKE Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

CAKE Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Cheesecake Factory Stock vs. The Competition

Type	Cheesecake Factory	Retail/Wholesale Companies	S&P 500
Consensus Rating Score	2.14	2.45	2.50
Consensus Rating	Hold	Hold	Moderate Buy
Predicted Upside	5.89% Upside	52.22% Upside	9.17% Upside
News Sentiment Rating	Neutral News	Neutral News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
7/19/2024	Wedbush 3 of 5 stars		Reiterated Rating	Outperform ➝ Outperform	$45.00 ➝ $45.00	+13.44%
5/28/2024	JPMorgan Chase & Co. 3 of 5 stars		Boost Target	Underweight ➝ Underweight	$34.00 ➝ $40.00	+5.01%
5/15/2024	Bank of America 4 of 5 stars		Boost Target	Neutral ➝ Neutral	$39.00 ➝ $43.00	+4.93%
5/15/2024	Stephens Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$44.00 ➝ $50.00	+24.94%
5/10/2024	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Neutral ➝ Buy	$38.00 ➝ $47.00	+30.34%
5/9/2024	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Underweight ➝ Underweight	$33.00 ➝ $32.00	-12.64%
Get the Latest News and Ratings for CAKE and Related Stocks Enter your email address below to receive the latest news and analysts' ratings for Cheesecake Factory and its competitors with MarketBeat's FREE daily newsletter.
5/9/2024	Wells Fargo & Company Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Equal Weight ➝ Equal Weight	$35.00 ➝ $36.00	-1.72%
5/9/2024	Deutsche Bank Aktiengesellschaft Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Hold ➝ Hold	$37.00 ➝ $38.00	+3.74%
5/9/2024	Robert W. Baird Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral ➝ Neutral	$32.00 ➝ $37.00	+8.92%
5/9/2024	Raymond James Subscribe to MarketBeat All Access for the recommendation accuracy rating	B. Vaccaro Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Market Perform ➝ Outperform	$42.00	+23.64%
2/22/2024	Piper Sandler Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral ➝ Neutral	$33.00 ➝ $37.00	+5.14%
2/22/2024	Oppenheimer Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Market Perform ➝ Market Perform
11/2/2023	William Blair Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Outperform
10/11/2023	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Underweight ➝ Underweight	$31.00 ➝ $28.00	-8.44%
5/2/2023	Northcoast Research Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Buy	$46.00	+37.81%
2/23/2023	Credit Suisse Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral	$37.00 ➝ $42.00	+3.24%
1/25/2023	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Neutral ➝ Sell	$30.00	-20.32%
1/17/2023	Gordon Haskett Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Buy ➝ Hold
12/12/2022	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating	also cut Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Neutral ➝ Sell	$35.00 ➝ $29.00	-12.20%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Saturday at 06:18 AM ET.

CAKE Forecast - Frequently Asked Questions

What is Cheesecake Factory's forecast for 2024?: According to the research reports of 14 Wall Street equities research analysts, the average twelve-month stock price forecast for Cheesecake Factory is $39.58, with a high forecast of $50.00 and a low forecast of $28.00.
Should I buy or sell Cheesecake Factory stock right now?: 14 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Cheesecake Factory in the last twelve months. There are currently 3 sell ratings, 6 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" CAKE shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in CAKE, but not buy additional shares or sell existing shares.
Does Cheesecake Factory's stock price have much upside?: According to analysts, Cheesecake Factory's stock has a predicted upside of 8.34% based on their 12-month stock forecasts.
Has Cheesecake Factory been upgraded by Wall Street analysts recently?: Over the previous 90 days, Cheesecake Factory's stock had 2 upgrades by analysts.
What analysts cover Cheesecake Factory?: Cheesecake Factory has been rated by research analysts at Bank of America, Barclays, Citigroup, Deutsche Bank Aktiengesellschaft, JPMorgan Chase & Co., Raymond James, Robert W. Baird, Stephens, Wedbush, and Wells Fargo & Company in the past 90 days.
Do Wall Street analysts like Cheesecake Factory more than its competitors?: Analysts like Cheesecake Factory less than other "retail/wholesale" companies. The consensus rating score for Cheesecake Factory is 2.14 while the average consensus rating score for "retail/wholesale" companies is 2.45. Learn more on how CAKE compares to other companies.