Why Cheesecake Factory (CAKE) is a Top Growth Stock for the Long-Term

Core Insights - Zacks Premium offers tools for investors to enhance their stock market strategies, including daily updates on Zacks Rank and Style Scores [1][4] - The Zacks Style Scores categorize stocks into Value, Growth, Momentum, and VGM Scores, helping investors identify stocks with the potential to outperform the market [2][3] Zacks Style Scores - Value Score: Focuses on identifying undervalued stocks using financial ratios like P/E and Price/Sales [2] - Growth Score: Analyzes projected earnings and sales to find stocks with sustainable growth potential [2] - Momentum Score: Utilizes price trends and earnings estimate changes to identify high-momentum stocks [2] - VGM Score: Combines Value, Growth, and Momentum Scores to highlight stocks with the best overall potential [3] Zacks Rank - The Zacks Rank is a proprietary model that leverages earnings estimate revisions to guide investment decisions, with 1 (Strong Buy) stocks achieving an average annual return of +25.41% since 1988 [4] - Investors are encouraged to focus on stocks with a Zacks Rank of 1 or 2 and Style Scores of A or B for optimal returns [5] Company Spotlight: Cheesecake Factory (CAKE) - As of October 3, 2023, Cheesecake Factory operates 325 restaurants in the U.S. and Canada, including various brands [6] - CAKE holds a Zacks Rank of 3 (Hold) and a VGM Score of A, indicating solid performance potential [6] - The company is projected to achieve year-over-year earnings growth of 13.4% for the current fiscal year, with upward revisions from six analysts [6]