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On The Fly
Chipotle, Wendy's upgrades among today's top calls on Wall Street » 10:06
06/14/21
06/14
10:06
06/14/21
10:06
CMG

Chipotle

$1,399.65 /

+32.36 (+2.37%)

, WEN

Wendy's

$24.50 /

+0.37 (+1.53%)

, RIDE

Lordstown Motors

$9.45 /

-1.95 (-17.11%)

, RACE

Ferrari

$204.17 /

-6.73 (-3.19%)

, CAKE

Cheesecake Factory

$56.25 /

+0.16 (+0.29%)

Check out today's top…

ShowHide Related Items >><<
WEN Wendy's
$24.50 /

+0.37 (+1.53%)

RIDE Lordstown Motors
$9.45 /

-1.95 (-17.11%)

RACE Ferrari
$204.17 /

-6.73 (-3.19%)

CMG Chipotle
$1,399.65 /

+32.36 (+2.37%)

CAKE Cheesecake Factory
$56.25 /

+0.16 (+0.29%)

CMG Chipotle
$1,399.65 /

+32.36 (+2.37%)

06/14/21
Fly Intel: Top five analyst upgrades
06/14/21 Wells Fargo
Chipotle price target lowered to $1,720 from $1,818 at Wells Fargo
06/14/21 Raymond James
Raymond James upgrades Chipotle to Strong Buy on menu price hikes
06/14/21 Raymond James
Chipotle upgraded to Strong Buy from Outperform at Raymond James
WEN Wendy's
$24.50 /

+0.37 (+1.53%)

06/14/21 Northcoast
Wendy's upgraded to Buy from Neutral at Northcoast
06/14/21 Piper Sandler
Wendy's estimates raised on increasing momentum at Piper Sandler
06/09/21 Northcoast
Wendy's downgraded to Neutral from Buy at Northcoast
RIDE Lordstown Motors
$9.45 /

-1.95 (-17.11%)

06/14/21 R.F. Lafferty
R.F. Lafferty downgrades Lordstown to Sell with $3 target on uncertainty
06/14/21 R.F. Lafferty
Lordstown Motors downgraded to Sell from Hold at R.F. Lafferty
06/10/21 Morgan Stanley
Morgan Stanley removes Lordstown rating, says market may be underestimating risk
06/08/21 RBC Capital
Lordstown Motors initiated with an Underperform at RBC Capital
RACE Ferrari
$204.17 /

-6.73 (-3.19%)

06/13/21 Goldman Sachs
Ferrari downgraded to Sell from Buy at Goldman Sachs
05/19/21 Redburn
Redburn downgrades Ferrari on free cash flow margin concerns
05/19/21 Redburn
Ferrari downgraded to Neutral from Buy at Redburn
05/06/21 RBC Capital
Ferrari price target lowered to EUR 202 from EUR 204 at RBC Capital
CAKE Cheesecake Factory
$56.25 /

+0.16 (+0.29%)

06/14/21 Wedbush
Cheesecake Factory added to 'Best Ideas List' at Wedbush
06/09/21 Stephens
Cheesecake Factory price target lowered to $55 from $60 at Stephens
06/01/21 Barclays
Cheesecake Factory price target lowered to $51 from $54 at Barclays
04/29/21 Wedbush
Cheesecake Factory price target raised to $70 from $64 at Wedbush
WEN Wendy's
$24.50 /

+0.37 (+1.53%)

RIDE Lordstown Motors
$9.45 /

-1.95 (-17.11%)

RACE Ferrari
$204.17 /

-6.73 (-3.19%)

CMG Chipotle
$1,399.65 /

+32.36 (+2.37%)

CAKE Cheesecake Factory
$56.25 /

+0.16 (+0.29%)

  • 11
    Jun
WEN Wendy's
$24.50 /

+0.37 (+1.53%)

RIDE Lordstown Motors
$9.45 /

-1.95 (-17.11%)

CMG Chipotle
$1,399.65 /

+32.36 (+2.37%)

WEN Wendy's
$24.50 /

+0.37 (+1.53%)

RIDE Lordstown Motors
$9.45 /

-1.95 (-17.11%)

CMG Chipotle
$1,399.65 /

+32.36 (+2.37%)

CAKE Cheesecake Factory
$56.25 /

+0.16 (+0.29%)

WEN Wendy's
$24.50 /

+0.37 (+1.53%)

RIDE Lordstown Motors
$9.45 /

-1.95 (-17.11%)

CMG Chipotle
$1,399.65 /

+32.36 (+2.37%)

Recommendations
Cheesecake Factory added to 'Best Ideas List' at Wedbush » 06:35
06/14/21
06/14
06:35
06/14/21
06:35
CAKE

Cheesecake Factory

$56.09 /

-0.77 (-1.35%)

Wedbush analyst Nick…

Wedbush analyst Nick Setyan added Cheesecake Factory to his firm's "Best Ideas List" and keeps an Outperform rating on the shares with a $70 price target. The recent selloff provides an "attractive buying opportunity," Setyan tells investors in a research note. The analyst expects post-Covid market share opportunities to result in higher growth versus pre-Covid growth rates, resulting in an "increasing premium" relative to Cheesecake's pre-Covid valuations. Further, the company's elimination of convertible preferred stock is "very accretive," adds the analyst.

ShowHide Related Items >><<
CAKE Cheesecake Factory
$56.09 /

-0.77 (-1.35%)

CAKE Cheesecake Factory
$56.09 /

-0.77 (-1.35%)

06/09/21 Stephens
Cheesecake Factory price target lowered to $55 from $60 at Stephens
06/01/21 Barclays
Cheesecake Factory price target lowered to $51 from $54 at Barclays
04/29/21 Wedbush
Cheesecake Factory price target raised to $70 from $64 at Wedbush
04/29/21 Credit Suisse
Cheesecake Factory price target raised to $58 from $47 at Credit Suisse
CAKE Cheesecake Factory
$56.09 /

-0.77 (-1.35%)

  • 11
    Jun
CAKE Cheesecake Factory
$56.09 /

-0.77 (-1.35%)

Syndicate
Cheesecake Factory 3.125M share Secondary priced at $56.00 » 06:53
06/11/21
06/11
06:53
06/11/21
06:53
CAKE

Cheesecake Factory

$56.86 /

-4.87 (-7.89%)

JPMorgan, BNP Paribas,…

JPMorgan, BNP Paribas, BofA and Wells Fargo acted as joint book running managers for the offering.

ShowHide Related Items >><<
CAKE Cheesecake Factory
$56.86 /

-4.87 (-7.89%)

CAKE Cheesecake Factory
$56.86 /

-4.87 (-7.89%)

06/09/21 Stephens
Cheesecake Factory price target lowered to $55 from $60 at Stephens
06/01/21 Barclays
Cheesecake Factory price target lowered to $51 from $54 at Barclays
04/29/21 Wedbush
Cheesecake Factory price target raised to $70 from $64 at Wedbush
04/29/21 Credit Suisse
Cheesecake Factory price target raised to $58 from $47 at Credit Suisse
CAKE Cheesecake Factory
$56.86 /

-4.87 (-7.89%)

  • 11
    Jun
CAKE Cheesecake Factory
$56.86 /

-4.87 (-7.89%)

Syndicate
Cheesecake Factory to sell $300M in convertible senior notes, $175M in stock » 08:04
06/10/21
06/10
08:04
06/10/21
08:04
CAKE

Cheesecake Factory

$61.62 /

-0.87 (-1.39%)

The Cheesecake Factory…

The Cheesecake Factory announced its intention to offer, subject to market and other conditions, $300M aggregate principal amount of convertible senior notes due 2026 and $175M of common stock in separate public offerings registered under the Securities Act of 1933, as amended. J.P. Morgan, BNP PARIBAS, BofA Securities and Wells Fargo Securities are acting as joint book-running managers for the offerings.

ShowHide Related Items >><<
CAKE Cheesecake Factory
$61.62 /

-0.87 (-1.39%)

CAKE Cheesecake Factory
$61.62 /

-0.87 (-1.39%)

06/09/21 Stephens
Cheesecake Factory price target lowered to $55 from $60 at Stephens
06/01/21 Barclays
Cheesecake Factory price target lowered to $51 from $54 at Barclays
04/29/21 Wedbush
Cheesecake Factory price target raised to $70 from $64 at Wedbush
04/29/21 Credit Suisse
Cheesecake Factory price target raised to $58 from $47 at Credit Suisse
CAKE Cheesecake Factory
$61.62 /

-0.87 (-1.39%)

CAKE Cheesecake Factory
$61.62 /

-0.87 (-1.39%)

Recommendations
Cheesecake Factory price target lowered to $55 from $60 at Stephens » 07:48
06/09/21
06/09
07:48
06/09/21
07:48
CAKE

Cheesecake Factory

$62.49 /

+4.595 (+7.94%)

Stephens analyst James…

Stephens analyst James Rutherford lowered the firm's price target on Cheesecake Factory to $55 from $60 and keeps an Equal Weight rating on the shares. Rutherford notes that full service restaurant multiples are now about 15% higher than where they were at the start of the pandemic and he expects that group to underperform the low service, or fast food, group for the rest of the year.

ShowHide Related Items >><<
CAKE Cheesecake Factory
$62.49 /

+4.595 (+7.94%)

CAKE Cheesecake Factory
$62.49 /

+4.595 (+7.94%)

06/01/21 Barclays
Cheesecake Factory price target lowered to $51 from $54 at Barclays
04/29/21 Wedbush
Cheesecake Factory price target raised to $70 from $64 at Wedbush
04/29/21 Credit Suisse
Cheesecake Factory price target raised to $58 from $47 at Credit Suisse
04/29/21 Wells Fargo
Cheesecake Factory price target raised to $70 from $65 at Wells Fargo
CAKE Cheesecake Factory
$62.49 /

+4.595 (+7.94%)

CAKE Cheesecake Factory
$62.49 /

+4.595 (+7.94%)

Hot Stocks
Cheesecake Factory provides business update on restaurant sales » 09:21
06/02/21
06/02
09:21
06/02/21
09:21
CAKE

Cheesecake Factory

$57.29 /

-1.51 (-2.57%)

The Cheesecake Factory…

The Cheesecake Factory Incorporated provided a business update in advance of the company's participation at two upcoming investor conferences. Fiscal 2021 second quarter-to-date through May 31st comparable sales for The Cheesecake Factory restaurants increased approximately 196% year-over-year and 7% relative to the same period in fiscal 2019, supported by approximately one-third off-premise sales mix. Based on average weekly sales quarter-to-date of approximately $226,500, this equates to approximately $11.8M on average, per unit on an annualized basis. As of today, nearly all of the company's restaurants across its concepts, including 206 Cheesecake Factory locations, are operating with reopened indoor dining rooms with limited capacity in accordance with local mandates and social distancing protocols. On average, Cheesecake Factory restaurants with reopened dining rooms are operating at approximately 70% indoor capacity and approximately 75% total on-premise capacity including patios. One Cheesecake Factory location is operating an off-premise only model and two locations across the Company's concepts are currently closed with plans to reopen next week. One new Flower Child location opened in Atlanta last month.

ShowHide Related Items >><<
CAKE Cheesecake Factory
$57.29 /

-1.51 (-2.57%)

CAKE Cheesecake Factory
$57.29 /

-1.51 (-2.57%)

06/01/21 Barclays
Cheesecake Factory price target lowered to $51 from $54 at Barclays
04/29/21 Wedbush
Cheesecake Factory price target raised to $70 from $64 at Wedbush
04/29/21 Credit Suisse
Cheesecake Factory price target raised to $58 from $47 at Credit Suisse
04/29/21 Wells Fargo
Cheesecake Factory price target raised to $70 from $65 at Wells Fargo
CAKE Cheesecake Factory
$57.29 /

-1.51 (-2.57%)

CAKE Cheesecake Factory
$57.29 /

-1.51 (-2.57%)

Recommendations
Cheesecake Factory price target lowered to $51 from $54 at Barclays » 07:15
06/01/21
06/01
07:15
06/01/21
07:15
CAKE

Cheesecake Factory

$58.84 /

+0.15 (+0.26%)

Barclays analyst Jeffrey…

Barclays analyst Jeffrey Bernstein lowered the firm's price target on Cheesecake Factory to $51 from $54 and keeps an Underweight rating on the shares. The analyst reduced targets on all casual diners saying upward estimate revisions through the Q2 earnings season will mark the end of the "recovery trade." The beats in Q2 will be annualized into future estimates, with compares "less easy" going forward, stimulus benefits waning and novelty of eating out fading, Bernstein tells investors in a research note.

ShowHide Related Items >><<
CAKE Cheesecake Factory
$58.84 /

+0.15 (+0.26%)

CAKE Cheesecake Factory
$58.84 /

+0.15 (+0.26%)

04/29/21 Wedbush
Cheesecake Factory price target raised to $70 from $64 at Wedbush
04/29/21 Credit Suisse
Cheesecake Factory price target raised to $58 from $47 at Credit Suisse
04/29/21 Wells Fargo
Cheesecake Factory price target raised to $70 from $65 at Wells Fargo
04/29/21 Stephens
Cheesecake Factory price target raised to $60 from $50 at Stephens
CAKE Cheesecake Factory
$58.84 /

+0.15 (+0.26%)

CAKE Cheesecake Factory
$58.84 /

+0.15 (+0.26%)

Over a month ago
Recommendations
Cheesecake Factory price target raised to $70 from $64 at Wedbush » 09:12
04/29/21
04/29
09:12
04/29/21
09:12
CAKE

Cheesecake Factory

$59.01 /

+1.01 (+1.74%)

Wedbush analyst Nick…

Wedbush analyst Nick Setyan raised the firm's price target on Cheesecake Factory to $70 from $64 and keeps an Outperform rating on the shares following quarterly results. The analyst expects post-COVID market share opportunities to result in higher growth versus pre-COVID growth rates, resulting in an increasing premium relative to Cheesecake Factory's pre-COVID valuations.

ShowHide Related Items >><<
CAKE Cheesecake Factory
$59.01 /

+1.01 (+1.74%)

CAKE Cheesecake Factory
$59.01 /

+1.01 (+1.74%)

04/29/21 Credit Suisse
Cheesecake Factory price target raised to $58 from $47 at Credit Suisse
04/29/21 Wells Fargo
Cheesecake Factory price target raised to $70 from $65 at Wells Fargo
04/29/21 Stephens
Cheesecake Factory price target raised to $60 from $50 at Stephens
04/29/21 Deutsche Bank
Cheesecake Factory price target raised to $62 from $56 at Deutsche Bank
CAKE Cheesecake Factory
$59.01 /

+1.01 (+1.74%)

CAKE Cheesecake Factory
$59.01 /

+1.01 (+1.74%)

Recommendations
Cheesecake Factory price target raised to $58 from $47 at Credit Suisse » 08:38
04/29/21
04/29
08:38
04/29/21
08:38
CAKE

Cheesecake Factory

$59.01 /

+1.01 (+1.74%)

Credit Suisse analyst…

Credit Suisse analyst Lauren Silberman raised the firm's price target on Cheesecake Factory to $58 from $47 and keeps a Neutral rating on the shares following quarterly results. The analyst notes the company continues to demonstrate "impressive" execution and a better-than-expected recovery, supported by improving on-premise sales volumes and resilient off-premise sales, which have remained largely consistent across markets.

ShowHide Related Items >><<
CAKE Cheesecake Factory
$59.01 /

+1.01 (+1.74%)

CAKE Cheesecake Factory
$59.01 /

+1.01 (+1.74%)

04/29/21 Wells Fargo
Cheesecake Factory price target raised to $70 from $65 at Wells Fargo
04/29/21 Stephens
Cheesecake Factory price target raised to $60 from $50 at Stephens
04/29/21 Deutsche Bank
Cheesecake Factory price target raised to $62 from $56 at Deutsche Bank
04/12/21 JPMorgan
Cheesecake Factory price target raised to $64 from $58 at JPMorgan
CAKE Cheesecake Factory
$59.01 /

+1.01 (+1.74%)

CAKE Cheesecake Factory
$59.01 /

+1.01 (+1.74%)

Recommendations
Cheesecake Factory price target raised to $70 from $65 at Wells Fargo » 08:25
04/29/21
04/29
08:25
04/29/21
08:25
CAKE

Cheesecake Factory

$59.01 /

+1.01 (+1.74%)

Wells Fargo analyst Jon…

Wells Fargo analyst Jon Tower raised the firm's price target on Cheesecake Factory to $70 from $65 and keeps an Overweight rating on the shares. The analyst argues that it is "hard to poke a hole" in April Cheesecake Factory same-store sales trending +7% versus 2019, a firm timeline for returning to its 7% unit growth target, manageable margin promises, and off-premise proving to have above-pre-pandemic incrementality and sustainability. Tower continues to believe investor skepticism for a Cheesecake recovery and growth thereafter remains high. However, he expects investors to rapidly re-assess the AUV and margin potential on the back of off-premise persistence, capital returns picking up on the horizon, and then an underappreciated unit growth story with accelerating ROIIC can come into focus as the next leg of the story into 2022.

ShowHide Related Items >><<
CAKE Cheesecake Factory
$59.01 /

+1.01 (+1.74%)

CAKE Cheesecake Factory
$59.01 /

+1.01 (+1.74%)

04/29/21 Stephens
Cheesecake Factory price target raised to $60 from $50 at Stephens
04/29/21 Deutsche Bank
Cheesecake Factory price target raised to $62 from $56 at Deutsche Bank
04/12/21 JPMorgan
Cheesecake Factory price target raised to $64 from $58 at JPMorgan
04/09/21 Deutsche Bank
Cheesecake Factory price target raised to $56 from $48 at Deutsche Bank
CAKE Cheesecake Factory
$59.01 /

+1.01 (+1.74%)

CAKE Cheesecake Factory
$59.01 /

+1.01 (+1.74%)

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