A pair of Wall Street analysts are skeptical about Cheesecake Factory's recent run-up.
A pair of Wall Street analysts are skeptical, recently downgrading shares of Cheesecake Factory Inc.’s stock CAKE in the wake of a 29% run-up in the restaurant name from the start of January through Monday’s close.
A pair of Wall Street analysts are skeptical, recently downgrading shares of Cheesecake Factory Inc.’s stock CAKE in the wake of a 29% run-up in the restaurant name from the start of January through Monday’s close. The Cheesecake Factory has a number of factors working in its favor, including “uniquely strong brand perceptions, A+ locations, and solid execution,” in Geiger’s view. But he also worries that the company will be impacted by consumer wallet pressures, especially in the wake of a recent UBS survey.
Cheesecake Factory shares were near flat on the heels of Geiger’s Wednesday downgrade to sell from neutral, but they crumbled 8% on Tuesday after Raymond James analyst Brian Vaccaro moved to market perform from outperform.
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