Cheesecake Factory (CAKE) Stock May Rally Again In November: Here Is Why

On Wednesday, CAKE’s stock sharply collapsed, losing about 8%. Nevertheless, it slightly recovered to almost $47.42. Unfortunately, today, it fell back to $45.69. Cheesecake factory announced that it will release third-quarter fiscal 2021 financial results on November 3 after the market closes. The Company will hold a conference call to discuss its results on the same day, starting at 2:00 p.m. Pacific Time. A replay of the webcast will be available on the Company’s website until December 3, 2021.
Recall that, The Cheesecake Factory Incorporated is a leader in the field of experiential dining. Currently, the Company owns and operates 304 restaurants throughout the United States and Canada under brands including The Cheesecake Factory®, North Italia®, and a collection within Fox Restaurant Concepts business. Internationally, The Cheesecake Factory®’s 28 restaurants operate under licensing agreements. Its bakery division operates two production facilities that produce quality cheesecakes and other baked goods for restaurants, international licensees, and third-party bakery customers.

April Sanchez

Business and Tech Reporter