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Why The Cheesecake Factory's Stock Lost 13% in August


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.

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Source: Fool.com

Cheesecake Factory Inc. Stock

€35.60
-0.560%
The price for the Cheesecake Factory Inc. stock decreased slightly today. Compared to yesterday there is a change of -€0.200 (-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..
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