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

1. CAKE reported Q1 earnings of 93 cents, surpassing estimates of 81 cents. 2. Sales were $927.20 million, slightly missing the $927.44 million estimate. 3. CEO highlighted strong consumer demand and operational improvements in restaurants. 4. Shares fell 4.9% post-earnings to $47.88 amid analyst target adjustments. 5. Price targets from analysts range from $39 to $50, indicating mixed market outlook.