Cheesecake Factory Analysts Raise Their Forecasts After Better-Than-Expected Earnings

Core Insights - The Cheesecake Factory reported first-quarter earnings of 93 cents per share, exceeding the analyst consensus estimate of 81 cents per share, while quarterly sales of $927.20 million fell short of the estimate of $927.44 million [1][2] Financial Performance - The company demonstrated strong topline revenue, margins, and earnings, indicating positive momentum across its business [2] - Sales were at the higher end of expectations, driven by The Cheesecake Factory restaurants, reflecting consistent consumer demand for its dining experiences [2] Operational Efficiency - The company achieved year-over-year improvements in labor productivity, food efficiency, wage management, and retention among staff and managers, contributing to strong profit flow-through and margin expansion [2] Stock Performance - Following the earnings announcement, Cheesecake Factory shares declined by 4.9%, trading at $47.88 [2] Analyst Ratings and Price Targets - Baird analyst David Tarantino maintained a Neutral rating and raised the price target from $46 to $49 [7] - Wells Fargo analyst Zachary Fadem maintained an Equal-Weight rating and increased the price target from $45 to $50 [7] - Morgan Stanley analyst John Glass maintained an Underweight rating and raised the price target from $39 to $40 [7]