U.S. Markets closed
  • S&P Futures

    3,644.25
    +7.75 (+0.21%)
     
  • Dow Futures

    29,910.00
    +36.00 (+0.12%)
     
  • Nasdaq Futures

    12,323.75
    +66.25 (+0.54%)
     
  • Russell 2000 Futures

    1,855.30
    +2.30 (+0.12%)
     
  • Crude Oil

    45.14
    -0.39 (-0.86%)
     
  • Gold

    1,789.60
    +1.50 (+0.08%)
     
  • Silver

    22.74
    +0.10 (+0.42%)
     
  • EUR/USD

    1.1976
    +0.0063 (+0.5269%)
     
  • 10-Yr Bond

    0.8420
    -0.0360 (-4.10%)
     
  • Vix

    20.84
    -0.41 (-1.93%)
     
  • GBP/USD

    1.3333
    -0.0024 (-0.1773%)
     
  • USD/JPY

    104.0830
    -0.1670 (-0.1602%)
     
  • BTC-USD

    18,147.64
    +379.58 (+2.14%)
     
  • CMC Crypto 200

    333.27
    -4.23 (-1.25%)
     
  • FTSE 100

    6,367.58
    +4.65 (+0.07%)
     
  • Nikkei 225

    26,644.71
    +107.41 (+0.40%)
     

Why Cheesecake Factory's Stock Is Trading Higher Today

Tanzeel Akhtar
·1 min read

Cheesecake Factory (NASDAQ: CAKE) shares are trading higher on Monday after Wedbush maintained its Neutral rating on the stock and raised its price target from $26 to $31 per share.

Cheesecake Factory owns and operates restaurants in the United States and Canada under brands that include Cheesecake Factory, North Italia, and a collection within the Fox Restaurants Concepts subsidiary. The company's international presence, in the Middle East and Mexico, is through licensing agreements with third parties.

The company also has a bakery division that produces cheesecakes and other baked products for sale in its restaurants, international licensees, and third-party bakery customers. The company has four operating business segments: The Cheesecake Factory restaurants, North Italia, other FRC, and others. Most of the company's revenue comes from The Cheesecake Factory restaurants segment.

Cheesecake Factory shares traded up 7.64% to $32.81 on Monday. The stock has a 52-week high of $45.24 and a 52-week low of $14.52.

Latest Ratings for CAKE

Date

Firm

Action

From

To

Oct 2020

Wedbush

Maintains

Neutral

Oct 2020

Morgan Stanley

Maintains

Underweight

Sep 2020

Piper Sandler

Maintains

Overweight

View More Analyst Ratings for CAKE
View the Latest Analyst Ratings

See more from Benzinga

© 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.