Cheesecake Factory Inc. (CAKE, Financial) experienced a significant stock movement with a sharp decline of 5.02%. The stock is currently trading at $40.46 with a trading volume of 457,837 shares and a turnover rate of 0.90%. The stock's price fluctuation reached 4.55%.
Recent financial reports reveal an operating revenue of $904 million, net profit of $52.44 million, and earnings per share of $1.10. The gross profit stands at $121 million with a price-to-earnings ratio of 16.87.
Among 21 institutions evaluating the stock, 38% recommend buying, 43% suggest holding, and 19% advise selling. The restaurant industry, which includes Cheesecake Factory, saw an overall decline of 1.02%.
In the related sector, notable increases were observed in stocks like Tiandi Hui, Tehai International, and Yoshiharu Global Co. Active stocks included Tiandi Hui, Champs Elysees International, and Dine Brands Global Inc., with turnover rates of 125.03%, 27.28%, and 3.47%, respectively. Significant price swings were noted in Champs Elysees International, Tiandi Hui, and Pinstripes Holdings, Inc., with fluctuations of 34.23%, 30.17%, and 15.70% respectively.
Cheesecake Factory operates multiple restaurant brands in the U.S. and Canada, including The Cheesecake Factory, North Italia, and a series of restaurants under Fox Restaurants Concepts. Internationally, it expands through licensing agreements in the Middle East and Mexico. The company also has a bakery segment, producing cheesecakes and other baked goods for its restaurants, licensees, and third-party clients. The business is divided into four operational segments: The Cheesecake Factory restaurants, North Italia, other FRC restaurants, and Flower Child, with most revenue generated from The Cheesecake Factory restaurant segment.
