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CAKE / Wall Street Wobbles on Cheesecake Factory as Consumers Skip Restaurants

With inflation-sensitive diners seeking budget-friendly restaurant alternatives, Goldman Sachs has turned bearish on Cheesecake Factory. This, as the powerful investment bank downgraded the restaurant chain to sell from neutral, Seeking Alpha reported Monday (Dec. 12), predicting the mall-based brand will suffer from traffic declines and fewer customers as inflation rises. Read More

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Posted: Dec 13 2022, 11:38

Author Name: PYMNTS

CAKE News

By Zacks Investment Research
November 2, 2023

Cheesecake Factory (CAKE) Down on Q3 Earnings & Revenue Miss

Cheesecake Factory's (CAKE) fiscal third-quarter 2023 results reflect growth in comparable sales. Yet, the soft sales trend hurts.

By Seeking Alpha
November 1, 2023

The Cheesecake Factory Incorporated (CAKE) Q3 2023 Earnings Call Transcript

The Cheesecake Factory Incorporated (NASDAQ:CAKE ) Q3 2023 Earnings Conference Call November 1, 2023 5:00 PM ET Company Participants Etienne Marcus -

By Proactive Investors
October 6, 2023

Shake Shack, Wingstop, Jack in the Box and The Cheesecake Factory each added to BofA analysts' menu of stock ratings

Bank of America analysts must have gotten a little peckish while writing their reports this week. The firm initiated coverage of Shake Shack (NYSE:S

By Zacks Investment Research
October 2, 2023

Cheesecake Factory (CAKE) Banks on Off-Premise Model, Costs High

Cheesecake Factory's (CAKE) focus on an off-premise business model and technology upgrades bode well. However, a volatile macro environment is a conce

By Seeking Alpha
September 24, 2023

The Cheesecake Factory: Beaten And Battered

The stock has been crushed, down over 25% in two months, along with other niche restaurant operators and specialty retail stocks. Despite the sector-w

By Zacks Investment Research
August 4, 2023

Cheesecake Factory (CAKE) Q2 Earnings Top on Solid Comps

Cheesecake Factory (CAKE) second-quarter 2023 results gain from robust same-store sales.

By Zacks Investment Research
August 3, 2023

Cheesecake Factory (CAKE) Q2 Earnings Top, Revenues Lag

Cheesecake Factory's (CAKE) fiscal second-quarter 2023 results reflect growth in comparable sales. Yet, construction challenges restrict restaurant op

By Seeking Alpha
August 2, 2023

The Cheesecake Factory Incorporated (CAKE) Q2 2023 Earnings Call Transcript

The Cheesecake Factory Incorporated (NASDAQ:CAKE ) Q2 2023 Earnings Conference Call August 2, 2023 5:00 PM ET Company Participants Etienne Marcus - VP

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