Cheesecake Factory (CAKE) Pops After Big Sector Deal
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Shares of The Cheesecake Factory (Nasdaq: CAKE) are seeing a strong bid early Tuesday after rival P.F. Chang's China Bistro (Nasdaq: PFCB) was taken private at a 30 percent premium.
Shares of CAKE last traded at $33.43, up 6%.
In addition to CAKE, other casual diners are also seeing action on the deal.
Others to Watch:
Ruby Tuesday, Inc. (NYSE: RT) +2%
Kona Grill Inc. (Nasdaq: KONA) +11%
Red Robin Gourmet Burgers Inc. (Nasdaq: RRGB) +3%
BJ's Restaurants, Inc. (Nasdaq: BJRI) +1%
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Shares of CAKE last traded at $33.43, up 6%.
In addition to CAKE, other casual diners are also seeing action on the deal.
Others to Watch:
Ruby Tuesday, Inc. (NYSE: RT) +2%
Kona Grill Inc. (Nasdaq: KONA) +11%
Red Robin Gourmet Burgers Inc. (Nasdaq: RRGB) +3%
BJ's Restaurants, Inc. (Nasdaq: BJRI) +1%
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
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