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Why Cheesecake Factory, BJ's Restaurants, and Bloomin' Brands Stocks Fell 10% (or More) This Morning

Rich Smith, The Motley Fool
·3-min read
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.

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