|Bid||19.76 x 800|
|Ask||20.00 x 4000|
|Day's range||19.49 - 20.37|
|52-week range||14.52 - 46.26|
|Beta (5Y monthly)||1.40|
|PE ratio (TTM)||9.18|
|Earnings date||29 Jul 2020 - 03 Aug 2020|
|Forward dividend & yield||N/A (N/A)|
|Ex-dividend date||06 Mar 2020|
|1y target est||27.93|
The probability that U.S. restaurants will default has soared in recent weeks as a result of the devastating COVID-19 pandemic, according to S&P Global Market Intelligence.
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.
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.
The company's first quarter 2020 results, published yesterday, show that its comparable restaurant sales fell by 12.9% year over year despite the strong start before the virus arrived. Diluted EPS came in at $0.04 per share, beating the analyst consensus estimate reported by Zack's by a full $0.50. During the ensuing earnings conference call, CEO David Overton said that the company's long experience in off-premise sales helped it switch over more successfully to a model relying exclusively on these purchases, with dine-in closed down during the epidemic.
Franchisees of the most recognized names in accommodation are turning to the Federal Reserve for help, as concerns mount over being able to meet commercial mortgage payments.
Cheesecake Factory's (CAKE) first-quarter fiscal 2020 revenues benefit from acquisitions of North Italia and Fox Restaurant Concepts businesses.
Ladies and gentlemen, thank you for standing by, and welcome to The Cheesecake Factory First Quarter Fiscal 2020 Earnings Conference Call. On the call today are David Overton, our Chairman and Chief Executive Officer; David Gordon, our President; and Matt Clark, our Executive Vice President and Chief Financial Officer.
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?
The Cheesecake Factory Incorporated (NASDAQ: CAKE) today reported preliminary financial results for the first quarter of fiscal 2020, which ended on March 31, 2020.
The stock fell roughly 23.2% in March as the coronavirus prompted across-the-board sell-offs, but the restaurant company's share price posted a substantial recovery in April thanks in large part to momentum for the broader market. It published quarterly results on April 29, reporting adjusted earnings per share of $0.64 on sales of $1.26 billion. The average analyst target, as polled by Refinitiv, had Yum!
The U.S. services sector data and earnings from media giant Disney and plant-based protein maker Beyond Meat will be in focus on a busy Tuesday.
The Cheesecake Factory® (NASDAQ: CAKE) is featuring a limited-time Happy Hour Menu* online for pickup and curbside to-go orders Monday through Friday 2-4:30 p.m. today through Friday, May 15. Featuring ten signature menu items for $7.50 including full-sized portions of The Cheesecake Factory’s most popular appetizers and its special "Happy Hour" Burger – a double cheeseburger available exclusively during Happy Hour – bottles of private reserve house wine for $15 and "mix and match" six packs of beer for $12.95, the Happy Hour Menu is the perfect solution for afternoon snacks and libations to enjoy at home.
As earnings season gets fully underway, stocks are tumbling. Restaurants in particular are taking a beating as investors lose confidence in a quick recovery.
Cheesecake Factory's (CAKE) first-quarter 2020 revenues are likely to have benefited from menu innovation, expansion strategies and digital enhancement.
Shares of Bloomin' Brands (NASDAQ: BLMN), Cheesecake Factory (NASDAQ: CAKE), and Darden Restaurants (NYSE: DRI) all underperformed the broad market on Thursday. Although there was no company-specific news to cause the stocks to fall, macroeconomic news, such as unemployment claims and consumer spending, seemed to weigh on the issues. At market close, Bloomin' Brands was down 10.9%, Cheesecake Factory was down 8.5%, and Darden was off 5.7%.
Restaurant stocks are on fire...in a good way. Brinker International (NYSE: EAT) is soaring nearly 30% on an earnings beat, and Cheesecake Factory (NASDAQ: CAKE) and Darden Restaurants (NYSE: DRI) jumped as much as 20% and 8%, respectively, as more states talk about reopening parts of their economies. Restaurant stocks continued to rebound from their initial sell-off as COVID-19 took the nation's attention.
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.
The Cheesecake Factory Incorporated (NASDAQ: CAKE) today announced it will release first quarter fiscal 2020 financial results after market close on Tuesday, May 5, 2020. 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. A replay of the webcast will be available on the Company’s website through June 4, 2020.
The Cheesecake Factory Incorporated (NASDAQ: CAKE) today announced that it has closed on a $200 million convertible preferred investment from affiliates of Roark Capital.
The Cheesecake Factory® (NASDAQ: CAKE), known for its extensive menu, generous portions and legendary desserts, is making Mother’s Day shopping even sweeter with a special online gift card offer. For every $50 in Gift Cards purchased online at shop.thecheesecakefactory.com from Friday, April 17, 2020 through Mother’s Day, Sunday, May 10, 2020, guests will receive a complimentary $10 Bonus Card*.
The Cheesecake Factory Incorporated (NASDAQ: CAKE) today provided a preliminary first quarter fiscal 2020 sales update given the impact of COVID-19.