The Cheesecake Factory Reports Results for Second Quarter of Fiscal 2022 and Provides Business Update

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Go back to The Cheesecake Factory Reports Results for Second Quarter of Fiscal 2022 and Provides Business Update

Cheesecake Factory (CAKE) PT Lowered to $46 at Jefferies

July 28, 2022 8:28 AM EDT

Jefferies analyst Andy Barish lowered the price target on Cheesecake Factory (NASDAQ: CAKE) to $46.00 (from $50.00) while maintaining a Buy rating.

The analyst commented, "Adj. EPS $0.52 missed $0.78 Cons on lower SSS (-150bps vs. Street) and RLM (-210bps), primarily driven by... More

Cheesecake Factory (CAKE) Misses Q2 EPS by 26c

July 27, 2022 4:22 PM EDT

Cheesecake Factory (NASDAQ: CAKE) reported Q2 EPS of $0.52, $0.26 worse than the analyst estimate of $0.78. Revenue for the quarter came in at $832.6 million versus the consensus estimate of $839.44 million.

Development

The Company now expects to open as many as 15 new restaurants in fiscal 2022,... More