Why The Cheesecake Factory's Stock Lost 13% in August
Shares of The Cheesecake Factory (NASDAQ: CAKE) got sent back to the kitchen last month after the restaurant chain posted disappointing second-quarter earnings. According to data from S&P Global Market Intelligence, the stock finished August down 13%.
Image source: Cheesecake Factory.
The stock fell 6.2% on Aug. 3 after its earnings release, and it continued to slide from there as the chart below shows.
Source: Fool.com
Cheesecake Factory Inc. Stock
€35.60
-0.560%
With 10 Buy predictions and 8 Sell predictions the community is currently undecided on Cheesecake Factory Inc..
As a result the target price of 36 € shows a slightly positive potential of 1.12% compared to the current price of 35.6 € for Cheesecake Factory Inc..
