CAKE - The Cheesecake Factory Incorporated

NasdaqGS - NasdaqGS Real Time Price. Currency in USD
42.64
-1.30 (-2.96%)
At close: 4:00PM EST

43.01 +0.37 (0.87%)
After hours: 4:11PM EST

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Previous Close43.94
Open43.98
Bid40.05 x 1200
Ask42.64 x 800
Day's Range42.59 - 44.04
52 Week Range35.83 - 51.15
Volume533,609
Avg. Volume830,504
Market Cap1.903B
Beta (3Y Monthly)0.46
PE Ratio (TTM)20.28
EPS (TTM)2.10
Earnings DateFeb 18, 2020 - Feb 24, 2020
Forward Dividend & Yield1.44 (3.28%)
Ex-Dividend Date2019-11-08
1y Target Est46.63
  • Cast your vote for the Valley's 2019 Businessperson of the Year
    American City Business Journals

    Cast your vote for the Valley's 2019 Businessperson of the Year

    It's been another pedal to the metal year for business in the Valley, in a region that continues to top the rest of the major U.S. markets for population migration and headlines every week about companies relocating to the region or expanding. Considering how much business activity has been generated this year, it was difficult for the Phoenix Business Journal editorial staff to come up with the 10 nominees for the 2019 Businessperson of the Year award, but we did come to a consensus. This year's nominees impacted not only their own business but their industry sector and the broader business community.

  • What's on the menu at this new Italian eatery in South End
    American City Business Journals

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

    Here's what you can expect at the latest restaurant to open in Charlotte's South End neighborhood.

  • 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.

  • The Cheesecake Factory and DoorDash Deliver Halloween Treats – Not Tricks – With Free Slices of Cheesecake
    Business Wire

    The Cheesecake Factory and DoorDash Deliver Halloween Treats – Not Tricks – With Free Slices of Cheesecake

    Use Promotion Code “TREATORTREAT” to Receive One Complimentary Slice of REESE’S Peanut Butter Chocolate Cake Cheesecake or HERSHEY’S Chocolate Bar Cheesecake with Your DoorDash Ord

  • Hedge Funds Have Never Been More Bullish On The Cheesecake Factory Incorporated (CAKE)
    Insider Monkey

    Hedge Funds Have Never Been More Bullish On The Cheesecake Factory Incorporated (CAKE)

    Our extensive research has shown that imitating the smart money can generate significant returns for retail investors, which is why we track nearly 750 active prominent money managers and analyze their quarterly 13F filings. The stocks that are heavily bought by hedge funds historically outperformed the market, though there is no shortage of high profile […]

  • Here's Why Cheesecake Factory (NASDAQ:CAKE) Can Manage Its Debt Responsibly
    Simply Wall St.

    Here's Why Cheesecake Factory (NASDAQ:CAKE) Can Manage Its Debt Responsibly

    Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...

  • Cheesecake on Expansion Spree, Concludes $308M Buyout Deal
    Zacks

    Cheesecake on Expansion Spree, Concludes $308M Buyout Deal

    Cheesecake Factory (CAKE) closes the acquisitions of North Italia and Fox Restaurant Concepts, including Flower Child.

  • Cheesecake Factory buys an expanding presence in the D.C. area, minus the cheesecake
    American City Business Journals

    Cheesecake Factory buys an expanding presence in the D.C. area, minus the cheesecake

    The Cheesecake Factory is now in control of a lot more than just, well, cheesecake. Calabasas Hills, California-based The Cheesecake Factory Inc. (NASDAQ: CAKE), which is busy planning for its second D.C. location, has closed its acquisitions of both North Italia and Arizona-based Fox Restaurant Concepts, the company behind Flower Child, Zinburger and multiple other concepts. The Cheesecake Factory had previously invested $88 million in the North Italia and Flower Child concepts in anticipation of the deal closing, the release states.

  • Business Wire

    The Cheesecake Factory Completes Acquisitions of North Italia and Fox Restaurant Concepts

    The Cheesecake Factory Incorporated (CAKE) today announced that it has closed the acquisitions of North Italia and Fox Restaurant Concepts (“FRC”), including Flower Child. An additional $45 million will be due ratably over the next four years, and the FRC transaction also includes an earn-out provision based on the financial performance of the FRC brands outside of North Italia and Flower Child.

  • Business Wire

    The Cheesecake Factory to Webcast Third Quarter Fiscal 2019 Earnings Conference Call on October 29, 2019

    The Cheesecake Factory Incorporated (CAKE) today announced it will release third quarter fiscal 2019 financial results after market close on Tuesday, October 29, 2019. The Company will hold a conference call to discuss its results on the same day beginning at 2:00 p.m. Pacific Time. The conference call will be webcast and can be accessed on the Company’s website, investors.thecheesecakefactory.com.

  • The Cheesecake Factory is coming to downtown D.C. It expects a long stay.
    American City Business Journals

    The Cheesecake Factory is coming to downtown D.C. It expects a long stay.

    The Cheesecake Factory Inc. (NASDAQ: CAKE) expects a long stay at its new downtown D.C. home. The lease between Calabasas Hills, California’s The Cheesecake Factory Restaurants Inc. and 15th and H Street Associates LLC, for the large restaurant space at 1426 H St. NW, is for 240 months, or 20 years, per the lease, which was signed July 23 but recorded Monday with the District. The Cheesecake Factory is expected to open in the former Woodward Table space, in the historic Woodward building, next year.

  • Evaluating The Cheesecake Factory Incorporated’s (NASDAQ:CAKE) Investments In Its Business
    Simply Wall St.

    Evaluating The Cheesecake Factory Incorporated’s (NASDAQ:CAKE) Investments In Its Business

    Today we'll evaluate The Cheesecake Factory Incorporated (NASDAQ:CAKE) to determine whether it could have potential as...

  • Benzinga

    Wells Fargo On Cheesecake Factory: You Can Have Your CAKE And Eat It, Too

    Cheesecake Factory Inc (NASDAQ: CAKE ) offers investors exposure to the healthy U.S. consumer and investors should be buyers of the stock ahead of an inflection in top-line growth, according to Wells Fargo. ...

  • Cheesecake Factory's Expansion Efforts Bode Well, Costs High
    Zacks

    Cheesecake Factory's Expansion Efforts Bode Well, Costs High

    Cheesecake Factory's (CAKE) menu innovation and expansion strategies are encouraging. However, high costs remain a concern