The IBD SmartSelect Composite Rating for Cheesecake Factory rose from 94 to 96 Tuesday.
The upgrade means the stock is now outperforming 96% of all other stocks in terms of key performance metrics and technical strength.
Cheesecake Factory is now out of buy range after clearing the 41.34 entry in a flat base.
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The stock has a 98 EPS Rating, meaning its recent quarterly and annual earnings growth tops 98% of all stocks.
Its Accumulation/Distribution Rating of C shows a roughly equal amount of buying and selling by institutional investors over the last 13 weeks.
In Q3, the company reported 49% earnings growth. That means it's now posted two straight quarters of rising EPS growth. Sales were flat, matching the prior quarter's 4%.
Cheesecake Factory earns the No. 6 rank among its peers in the Retail-Restaurants industry group. Dutch Bros, CAVA Group and Super Hi Intl Hldg ADR are among the top 5 highly-rated stocks within the group.
