Selected stock price target news of the day - February 20th, 2025

By: Matthew Otto

Cheesecake Factory Reports Q4 2024 Results, Exceeding Analyst Estimates

The Cheesecake Factory reported total revenues of $921.0 million for the fourth quarter of fiscal 2024, surpassing the consensus estimate of $912.04 million. This reflects a 5% increase from $877.0 million in the same quarter of fiscal 2023. Net income for the quarter was $41.2 million, with diluted net income per share of $0.83. Adjusted net income, which excludes a pre-tax net expense of $14.4 million primarily related to asset impairments and lease terminations, was $51.8 million, or $1.04 per diluted share—$0.13 above the analyst estimate of $0.91.

Comparable restaurant sales at The Cheesecake Factory restaurants increased by 1.7% year-over-year. The Cheesecake Factory opened nine new restaurants during the quarter, contributing to a total of 23 new openings for fiscal 2024.

As of December 31, 2024, The Cheesecake Factory had total available liquidity of $340.7 million, consisting of $84.2 million in cash and $256.5 million in available credit. Carried a total debt of $455 million, including $345 million in 0.375% convertible senior notes due in June 2026 and $110 million drawn from its revolving credit facility. In the fourth quarter, The Cheesecake Factory repurchased approximately 11,800 shares for $0.5 million and declared a quarterly dividend of $0.27 per share, payable on March 18, 2025.

Analysts Raise Price Targets Following Q4 Results

Baird analyst David Tarantino maintained a Neutral rating while raising the price target from $52 to $57.
Barclays analyst Jeffrey Bernstein kept an Underweight rating yet increased the price target from $46 to $50.
Wedbush analyst Nick Setyan upheld an Outperform rating and lifted the price target from $59 to $61.
Stephens & Co. analyst Jim Salera reiterated an Overweight rating and the price target at $60.

Which Analyst has the best track record to show on CAKE?

Analyst John Glass (MORGAN STANLEY) currently has the highest performing score on CAKE with 13/14 (92.86%) price target fulfillment ratio. His price targets carry an average of $-9.38 (-20.22%) potential downside. The Cheesecake Factory stock price reaches these price targets on average within 80 days.

Analog Devices Reports Q1 Performance and Positive Outlook for Q2

Analog Devices reported first-quarter fiscal 2025 revenue of $2.42 billion, surpassing analysts’ expectations of $2.36 billion. Earnings per share (EPS) for the quarter came in at $1.63, exceeding the consensus estimate of $1.54 by $0.09.

The consumer segment led growth with a 19% year-over-year increase to $322.9 million, driven by demand for AI-driven devices, premium smartphones, and smart home products. Operating cash flow reached $1.13 billion for the quarter and $3.84 billion on a trailing twelve-month basis, while free cash flow stood at $978 million for the quarter and $3.18 billion over the last year. Reported a gross margin of 59.0% and an adjusted gross margin of 68.8%. Adjusted operating income was $981 million, reflecting a 40.5% adjusted operating margin.

Looking ahead, Analog Devices provided guidance for the second quarter of fiscal 2025, forecasting revenue of $2.50 billion (±$100 million), compared to the consensus estimate of $2.457 billion. Adjusted EPS is expected to be $1.68 (±$0.10), slightly above the consensus estimate of $1.66.

Analysts Raise Price Targets Amid Q1 Results

Morgan Stanley analyst Joseph Moore maintained an Overweight rating and raised the price target from $248 to $250.
Benchmark analyst David Williams kept a Buy rating while increasing the price target from $245 to $275.
Needham analyst Quinn Bolton reiterated a Hold rating.
Wells Fargo analyst Joe Quatrochi raised the price target to $240.
Oppenheimer analyst Rick Schafer lifted the price target to $270.

Which Analyst has the best track record to show on ADI?

Analyst Gary Mobley (WELLS FARGO) currently has the highest performing score on ADI with 5/5 (100%) price target fulfillment ratio. Her price targets carry an average of $6.31 (2.95%) potential upside. Analog Devices stock price reaches these price targets on average within 113 days.

Wingstop Reports Growth in 2024 with Record Restaurant Openings and Sales

Wingstop reported growth in fiscal year 2024, with system-wide sales rising 36.8% to $4.8 billion. Achieved 349 net new restaurant openings, a 15.8% increase, bringing the total to 2,563 locations worldwide.

Domestic same-store sales increased by 19.9%, contributing to a 36.0% rise in total revenue to $625.8 million. Net income surged 54.9% to $108.7 million, or $3.70 per diluted share, while adjusted EBITDA grew 44.8% to $212.1 million. The fiscal fourth quarter alone saw system-wide sales increase 27.6% to $1.2 billion, with 105 net new openings and a 10.1% rise in domestic same-store sales. Earnings per share (EPS) for Q4 came in at $0.92, exceeding analyst estimates of $0.89, while revenue for the quarter was $161.8 million, slightly below the consensus estimate of $165.13 million.

Wingstop’s digital sales accounted for 70.3% of system-wide sales in Q4, and domestic AUV increased to $2.1 million. The financial outlook for 2025 includes a global unit growth rate of 14% to 15% and low- to mid-single-digit domestic same-store sales growth. SG&A is projected at approximately $140 million, including $4.5 million in system implementation costs, while stock-based compensation is expected to total around $26 million. Additionally, interest expense is forecasted at approximately $46 million, with depreciation and amortization ranging between $29 million and $30 million.

Analysts Maintain Bullish Ratings but Lower Price Targets

Morgan Stanley analyst John Glass maintained an Overweight rating while lowering the price target from $389 to $375.
Stephens & Co. analyst Jim Salera kept an Overweight rating, yet reduced the price target from $450 to $400.
Wedbush analyst Nick Setyan kept an Outperform rating but cut the price target from $390 to $355.
TD Securities analyst Andrew Charles continued with a Buy rating, although decreased the price target from $365 to $305.

Which Analyst has the best track record to show on WING?

Analyst Todd Brooks (BENCHMARK) currently has the highest performing score on WING with 2/2 (100%) price target fulfillment ratio. His price targets carry an average of $52.31 (18.18%) potential upside. Wingstop stock price reaches these price targets on average within 52 days.