CAKE - The Cheesecake Factory Incorporated

NasdaqGS - NasdaqGS Real Time Price. Currency in USD
43.22
+0.67 (+1.57%)
At close: 4:00PM EST
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Previous Close42.55
Open42.98
Bid42.50 x 1100
Ask45.00 x 1300
Day's Range42.81 - 43.44
52 Week Range35.83 - 51.15
Volume610,677
Avg. Volume785,942
Market Cap1.929B
Beta (3Y Monthly)0.47
PE Ratio (TTM)20.55
EPS (TTM)2.10
Earnings DateFeb 18, 2020 - Feb 24, 2020
Forward Dividend & Yield1.44 (3.38%)
Ex-Dividend Date2019-11-08
1y Target Est46.63
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    PREIT Revamped Malls' Footfall Rises This Holiday Season

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  • The Cheesecake Factory’s Peppermint Bark Cheesecake and Slice of Joy Gift Card Offer Are Back for the Holiday Season
    Business Wire

    The Cheesecake Factory’s Peppermint Bark Cheesecake and Slice of Joy Gift Card Offer Are Back for the Holiday Season

    The Cheesecake Factory® (CAKE) announces the return of its seasonal Peppermint Bark Cheesecake and exclusive Slice of Joy Gift Card Offer. For every $25 in gift cards or eGift cards purchased through the end of the year at a Cheesecake Factory restaurant or online at shop.TheCheesecakeFactory.com, guests will receive a Slice of Joy Card or eSlice of Joy Card redeemable for a complimentary slice of legendary cheesecake beginning January 1, 2020 through March 31, 2020*. “Our Slice of Joy Gift Card Offer is a well-loved holiday tradition at The Cheesecake Factory and it’s also our way of thanking our loyal guests and fans,” said David Overton, Founder and CEO of The Cheesecake Factory Incorporated.

  • Is The Cheesecake Factory Incorporated (NASDAQ:CAKE) A Great Dividend Stock?
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    Is The Cheesecake Factory Incorporated (NASDAQ:CAKE) A Great Dividend Stock?

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  • How to Maximize Your Retirement Portfolio with These Top-Ranked Dividend Stocks - December 02, 2019
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  • Why Is Cheesecake Factory (CAKE) Up 4.5% Since Last Earnings Report?
    Zacks

    Why Is Cheesecake Factory (CAKE) Up 4.5% Since Last Earnings Report?

    Cheesecake Factory (CAKE) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.

  • Cheesecake Factory Opens Outlet, Expands Presence in Florida
    Zacks

    Cheesecake Factory Opens Outlet, Expands Presence in Florida

    Cheesecake Factory (CAKE) continues to expand its footprint and opens restaurant in Coral Gables

  • Business Wire

    The Cheesecake Factory Makes Early Holiday Shopping Twice as Sweet With Double the Rewards Black Friday Through Cyber Monday

    The Cheesecake Factory® (CAKE) is sharing extra holiday cheer all Black Friday weekend with double the rewards for gift card shoppers. Beginning Friday, November 29, 2019 through Monday, December 2, 2019, for every $25 in gift cards or eGift cards purchased online or in-restaurant, guests will receive two Slice of Joy Cards or two eSlice of Joy Cards – each redeemable for a complimentary slice of cheesecake in the New Year* – that’s double the reward The Cheesecake Factory is offering during the remainder of the holiday season.

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  • TEST Business Wire Releases

    The Cheesecake Factory Opens in Coral Gables, Florida

    The Cheesecake Factory®, (NASDAQ: CAKE) known for its extensive menu, generous portions and legendary desserts, today announced the opening of its newest restaurant in Coral Gables, Fla.

  • TEST Business Wire Releases

    The Cheesecake Factory and Its Charitable Foundation Serve 18th Annual Thanksgiving Day Feast to Those in Need

    On Thanksgiving Day more than 3,000 staff members from The Cheesecake Factory® (NASDAQ: CAKE) will volunteer to prepare and serve its 18th annual Thanksgiving Day Feast in 13 cities across the United States.

  • Improve Your Retirement Income with These 3 Top-Ranked Dividend Stocks - November 20, 2019
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  • Cast your vote for the Valley's 2019 Businessperson of the Year
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    Cast your vote for the Valley's 2019 Businessperson of the Year

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    What's on the menu at this new Italian eatery in South End

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  • Cheesecake Factory Rides on Unit Expansion, Cost Woes Linger
    Zacks

    Cheesecake Factory Rides on Unit Expansion, Cost Woes Linger

    Cheesecake Factory (CAKE) gains from expansion plans and sales building initiatives amid an industry that is increasingly plagued with high cost of operations and competition.

  • Business Wire

    The Cheesecake Factory Opens in Kentwood, Michigan

    America’s Favorite Restaurant Now Open at Woodland Mall

  • Business Wire

    The Cheesecake Factory to Present at the Stephens Investment Conference

    The Cheesecake Factory Incorporated (CAKE) today announced that it will present at the Stephens Investment Conference in Nashville on November 13, 2019 at 2:30 p.m. Central Time. David Overton, Chairman and Chief Executive Officer, David Gordon, President, and Matthew Clark, Executive Vice President and Chief Financial Officer, will present on behalf of the Company. The Cheesecake Factory Incorporated is a leader in experiential dining.

  • Bloomberg

    Food Delivery Looks Like Another Gig-Economy Dead End

    (Bloomberg Opinion) -- As third-quarter earnings season rolls on, a paradox confronts the restaurant industry. On the one hand, restaurant companies are touting the rise of off-premise and digital sales, which includes delivery, as an increasingly important source of growth. On the other, GrubHub Inc. just announced disappointing quarterly results and said that food delivery is only a means to an end, unlikely to ever be profitable on its own. The risk heading into 2020 is that the inevitable reckoning for the food-delivery businesses will spread to the broader restaurant industry.Restaurants have based much of their recent growth on consumer deliveries and rely heavily on just four companies — GrubHub, DoorDash Inc., Postmates Inc. and Uber Eats — which combined have about 95% of the market. That's what makes GrubHub's latest quarter so ominous. In a letter to investors, it said it didn't believe "that a company can generate significant profits on just the logistics component of the business." In other words, delivery will always be a low-margin business at best. GrubHub also reported some troubling trends: new customers tend to order fewer deliveries than earlier users; customers are losing their brand loyalty, and are more willing to switch to rival services; and those rival services now tend to offer delivery from a wider ranges of restaurants than GrubHub. All told, the bottom line was net income of just $1 million versus $22.7 million in the same period a year ago.But GrubHub also made the argument that its value to restaurants lies in its potential as an online advertising partner, and that delivery services are really just a vehicle for generating ad sales.This should not be reassuring news for DoorDash and Postmates -- which have almost half the market for meal delivery -- their investors, or their restaurant partners. The context, of course, is that GrubHub, which actually is profitable, says that meal delivery isn't where the money is. So where does that leave DoorDash or Postmates, both of which are unprofitable and have a sky-high combined valuation of $15 billion, based on rounds of private investment funding earlier this year? Both now must cope with the long odds of going forward with initial public offerings this year after the botched IPO of WeWork parent We Co. And why would anyone bother putting more money into those unprofitable companies when investors can simply buy shares for much less in GrubHub, which now has a market value of $3 billion?It doesn’t seem all that far-fetched to imagine these two companies undergoing the same kind of brutal retrenchment that WeWork is facing; reducing advertising spending, cutting coupons and incentives, raising prices and exiting unprofitable markets. Uber Eats, of course, is a slightly different case because it's part of a much larger operation, theoretically one with more access to capital. Yet it faces similar funding constraints; parent Uber Technologies Inc. is a huge money loser, its shares have declined by almost 30% since the company went public in May and investors are looking for signs of profitability.If the food-delivery services start cutting back, it's likely to show up in restaurant earnings reports during the next several quarters.  Just by way of example: On Tuesday evening in a conference call to discuss its latest quarterly results, Cheesecake Factory Inc. said that off-premise sales now comprise 16% of revenue, with delivery being 35% of that amount, or 5.6% of total sales. The company uses DoorDash for deliveries. If this relationship is typical, and there's every reason to think it is, it means restaurants are dependent on companies with a good deal of downside risk,  in much the same way that owners of commercial properties are at risk from having WeWork as a major tenant.For now, GrubHub's bad news has only hurt its own stock. But to the extent its warning proves prescient, the restaurant industry could be in for a painful 2020.To contact the author of this story: Conor Sen at csen9@bloomberg.netTo contact the editor responsible for this story: James Greiff at jgreiff@bloomberg.netThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Conor Sen is a Bloomberg Opinion columnist. He is a portfolio manager for New River Investments in Atlanta and has been a contributor to the Atlantic and Business Insider.For more articles like this, please visit us at bloomberg.com/opinion©2019 Bloomberg L.P.

  • Cheesecake Factory starts integration of Sam Fox restaurants into its system
    American City Business Journals

    Cheesecake Factory starts integration of Sam Fox restaurants into its system

    Following its acquisition of Fox Restaurant Concepts for $308 million, the Cheesecake Factory's president said the company is starting to determine how it will blend Sam Fox’s restaurants into its larger system, and is already at national expansion of Fox's popular brands.

  • Thomson Reuters StreetEvents

    Edited Transcript of CAKE earnings conference call or presentation 29-Oct-19 9:00pm GMT

    Q3 2019 Cheesecake Factory Inc Earnings Call

  • Cheesecake Factory (CAKE) Earnings Surpass Estimates in Q3
    Zacks

    Cheesecake Factory (CAKE) Earnings Surpass Estimates in Q3

    Cheesecake Factory (CAKE) third-quarter fiscal 2019 results gain from comps growth at the Cheesecake Factory restaurants.

  • Cheesecake Factory (CAKE) Beats Q3 Earnings Estimates
    Zacks

    Cheesecake Factory (CAKE) Beats Q3 Earnings Estimates

    Cheesecake Factory (CAKE) delivered earnings and revenue surprises of 9.26% and -1.31%, respectively, for the quarter ended September 2019. Do the numbers hold clues to what lies ahead for the stock?

  • Business Wire

    The Cheesecake Factory Reports Results for Third Quarter of Fiscal 2019

    The Cheesecake Factory Incorporated today reported financial results for the third quarter of fiscal 2019, which ended on October 1, 2019.