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Latest CAKE News From Around the Web
Below are the latest news stories about Cheesecake Factory Inc that investors may wish to consider to help them evaluate CAKE as an investment opportunity.
States across the U.S. are beginning to reopen parts of their economies, and a surprising number of consumers are willing to visit restaurants as soon as they reopen, according to a new survey by Piper Sandler.
Cheesecake Factory Inc (NASDAQ: CAKE) has no catalyst or recovery ahead given its overexposure to malls, according to Stephens.The Cheesecake Factory AnalystJames Rutherford resumes coverage of Cheesecake Factory's stock with an Underweight rating and $14 price target.The Cheesecake Factory ThesisAmong the 206 Cheesecake Factory locations across the U.S., 65% are located in traditional regional or super-regional malls, Rutherford wrote in the note. Unfortunately, many of these malls are likely to suffer declining foot traffic as major department stores and movie theatres face "an existential crisis."The restaurant chain's struggles didn't start with the COVID-19 pandemic as the past five years have been challenging. Most notably, the company has failed to show a single quarter of positi...
Why Cheesecake Factory, BJ's Restaurants, and Bloomin' Brands Stocks Fell 10% (or More) This Morning
It's Wednesday, and restaurant stocks are in free fall. As of 12:40 p.m. EDT, shares of The Cheesecake Factory (NASDAQ: CAKE) are down 8.1%, BJ's Restaurants (NASDAQ: BJRI) has fallen 9.2%, and Bloomin' Brands (NASDAQ: BLMN) is positively wilting -- down 10.2%. Specifically, Bloomin' Brands suffered a reduction in price target this morning, with analysts at Loop Capital (reports TheFly.com) cutting the shares' estimated value to $15.
Papa John's CEO Rob Lynch says business is on a major upswing during the COVID-19 pandemic.
Q1 2020 Cheesecake Factory Inc Earnings Call
Cheesecake Factory's (CAKE) first-quarter fiscal 2020 revenues benefit from acquisitions of North Italia and Fox Restaurant Concepts businesses.
The Cheesecake Factory swung to a loss in its fiscal first quarter as the coronavirus pandemic forced the company to close its dining rooms and furlough thousands of its workers.
CALABASAS HILLS, Calif.--(BUSINESS WIRE)--The Cheesecake Factory Incorporated (NASDAQ: CAKE) today reported preliminary financial results for the first quarter of fiscal 2020, which ended on March 31, 2020. Total revenues were $615.1 million in the first quarter of fiscal 2020 compared to $599.5 million in the first quarter of fiscal 2019. Preliminary net loss and diluted net loss per share were $3.9 million and $0.09, respectively, in the first quarter of fiscal 2020 reflecting the impact of C
Cheesecake Factory (CAKE) delivered earnings and revenue surprises of 108.70% and 0.21%, respectively, for the quarter ended March 2020. Do the numbers hold clues to what lies ahead for the stock?
Cheesecake Factory (CAKE) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.