Cheesecake Factory (NASDAQ:CAKE) Price Target Raised to $110.00

Posted by George Bondi on Oct 24th, 2026

Cheesecake Factory (NASDAQ:CAKE – Free Report) had its target price lifted by Wells Fargo & Company from $105.00 to $110.00 in a research note released on Wednesday,Benzinga reports. They currently have an equal weight rating on the restaurant operator’s stock.

Several other equities analysts have also recently issued reports on the stock. Mizuho boosted their price objective on shares of Cheesecake Factory from $85.00 to $93.00 and gave the company a “neutral” rating in a research note on Wednesday, July 29th. Zacks Research upgraded shares of Cheesecake Factory from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 30th. UBS Group lifted their target price on shares of Cheesecake Factory from $53.00 to $60.00 and gave the company a “sell” rating in a report on Thursday, July 23rd. Robert W. Baird upgraded shares of Cheesecake Factory to a “hold” rating in a research note on Monday, August 24th. Finally, Citigroup boosted their price target on shares of Cheesecake Factory from $104.00 to $128.00 and gave the stock a “buy” rating in a research note on Wednesday, October 14th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, eleven have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, Cheesecake Factory presently has an average rating of “Hold” and a consensus target price of $95.13.

View Our Latest Stock Report on CAKE

Cheesecake Factory Stock Down 3.6%

Cheesecake Factory stock opened at $108.37 on Wednesday. The stock has a 50 day moving average of $107.73 and a two-hundred day moving average of $86.42. Cheesecake Factory has a twelve month low of $43.07 and a twelve month high of $118.63. The stock has a market capitalization of $5.39 billion, a price-to-earnings ratio of 29.37, a PEG ratio of 1.81 and a beta of 1.04. The company has a current ratio of 0.59, a quick ratio of 0.52 and a debt-to-equity ratio of 1.08.

Cheesecake Factory (NASDAQ:CAKE – Get Free Report) last released its earnings results on Tuesday, July 28th. The restaurant operator reported $1.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.18 by $0.26. Cheesecake Factory had a return on equity of 43.97% and a net margin of 4.61%. The business had revenue of $1.03 billion for the quarter, compared to analyst estimates of $999.54 million. During the same quarter in the previous year, the company posted $1.16 earnings per share. The company’s revenue for the quarter was up 7.7% compared to the same quarter last year. As a group, research analysts expect that Cheesecake Factory will post 4.63 earnings per share for the current year.

Insider Buying and Selling at Cheesecake Factory

In other news, CFO Matthew Clark sold 68,900 shares of the stock in a transaction dated Thursday, July 30th. The shares were sold at an average price of $99.30, for a total value of $6,841,770.00. Following the completion of the transaction, the chief financial officer owned 45,109 shares in the company, valued at $4,479,323.70. This trade represents a 60.43% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Scarlett May sold 7,978 shares of the stock in a transaction dated Friday, July 31st. The shares were sold at an average price of $102.66, for a total transaction of $819,021.48. Following the completion of the transaction, the executive vice president owned 18,241 shares of the company’s stock, valued at $1,872,621.06. This represents a 30.43% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 213,749 shares of company stock worth $22,301,899. Company insiders own 8.00% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP increased its holdings in Cheesecake Factory by 2.4% in the first quarter. Dimensional Fund Advisors LP now owns 1,242,143 shares of the restaurant operator’s stock valued at $68,008,000 after buying an additional 29,037 shares in the last quarter. Bank of New York Mellon Corp purchased a new stake in shares of Cheesecake Factory during the 2nd quarter worth approximately $38,020,000. Bamco Inc. NY purchased a new stake in shares of Cheesecake Factory during the 2nd quarter worth approximately $35,793,000. TD Waterhouse Canada Inc. acquired a new stake in shares of Cheesecake Factory in the 3rd quarter worth approximately $13,792,000. Finally, PDT Partners LLC acquired a new stake in shares of Cheesecake Factory in the 2nd quarter worth approximately $13,743,000. 94.48% of the stock is currently owned by institutional investors and hedge funds.

More Cheesecake Factory News

Here are the key news stories impacting Cheesecake Factory this week:

Positive Sentiment: Growth-focused coverage highlights CAKE’s solid operating and financial attributes, suggesting the restaurant chain could deliver attractive long-term returns. Cheesecake Factory is an Incredible Growth Stock: 3 Reasons Why
Positive Sentiment: Wells Fargo was reported to see potential for meaningful appreciation in CAKE shares, while Robert W. Baird raised its price target to $120 from $105. Wells Fargo Forecasts Strong Price Appreciation Robert W. Baird rating update
Neutral Sentiment: Analysts are preparing for third-quarter results, with expectations for higher sales, resilient guest traffic and continued restaurant expansion. The report will be important for confirming whether recent growth can offset rising labor and commodity costs. Cheesecake Factory Q3 earnings preview
Neutral Sentiment: Mizuho raised its price target to $110 from $93 but retained a “neutral” rating, while Wells Fargo reaffirmed its “hold” recommendation. Baird also maintained a neutral stance, indicating analysts see a more balanced risk-reward profile at current valuation levels. Mizuho rating update Wells Fargo reaffirms hold rating
Negative Sentiment: Cost inflation is the main near-term concern: higher labor and commodity expenses could compress margins even if sales and traffic remain healthy. In addition, Mizuho’s $110 target offers only modest upside, reinforcing concerns that strong growth expectations may already be reflected in CAKE’s valuation.

Cheesecake Factory Company Profile

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The Cheesecake Factory Incorporated is a restaurant company best known for The Cheesecake Factory, a full-service casual dining brand offering an extensive menu of American and international-inspired dishes, along with a broad selection of cheesecakes and other desserts. The company also operates North Italia, an Italian restaurant concept, and owns Fox Restaurant Concepts, which develops and operates additional restaurant brands, including Flower Child and Culinary Dropout.

The company was founded by David Overton, who opened the first Cheesecake Factory restaurant in Beverly Hills, California, in 1978 after his parents began a cheesecake business.