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Fly News Breaks for April 28, 2016
CAKE
Apr 28, 2016 | 09:16 EDT
Stephens analyst Will Slabaugh continues to believe Cheesecake Factory is set up to outperform peers given a profile of steady same-store sales growth, increasing international franchised growth and aggressive shareholder return profile. The company reported solid Q1 results, particularly given the current backdrop in casual dining, the analyst tells investors in a research note. Slabaugh reiterates an Overweight rating and $58 price target on the shares.
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