Cheesecake Factory shares reached an annual high of $31.53 on Monday. The restaurant chain beat expectations for the recent quarter, primarily driven by comps growth of 2.8%. Earnings increased 35% to $22 million, or 37 cents per share. Revenue grew 4.4% to $418.4 million. Sterne Agee analyst Lynne Collier maintained a neutral rating on Cheesecake shares following its report, but raised her earnings expectations for the company. Analysts from JPMorgan issued an upgrade on Cheesecake's stock to neutral from underweight, with a price target of $29. Piper Jaffray maintained an underweight rating on the stock, but raised its earnings estimates and price target. The analysts set a price target of $25. "While we do not expect the fourth quarter of 2010 to be trending materially higher, we have tweaked up our same-store sales estimates in the fourth quarter of 2010 to account for improving restaurant-level sales," the firm noted. Texas Roadhouse shares tapped a fresh 52-week high of $16.50 on Monday. A competitor of Cheesecake Factory in the casual dining space, Texas Roadhouse posted an 8% jump in revenue in the recent quarter to $245.6 million. Net income jumped 30% to just under $14 million, or 19 cents per share. Comps grew 4.3% at company-operated restaurants and 4.4% at franchised locations.