Cheesecake Factory shares are trading higher after the company reported better-than-expected Q3 adjusted EPS results. Also, multiple firms raised their respective price targets on the stock.
Portfolio Pulse from Benzinga Newsdesk
Cheesecake Factory shares rose following a positive Q3 earnings report, with adjusted EPS surpassing expectations. Several firms have also increased their price targets for the stock.
October 30, 2024 | 12:02 pm
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POSITIVE IMPACT
Cheesecake Factory's stock is trading higher due to better-than-expected Q3 adjusted EPS results. Additionally, several firms have raised their price targets for the stock.
The positive earnings surprise and subsequent increase in price targets by multiple firms are likely to boost investor confidence, leading to a short-term increase in CAKE's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100