An activist investor reportedly wants Cheesecake Factory to split up. Analysts say it doesn’t need to.
Shares of Cheesecake Factory Inc. got a lift after hours on Monday after the Wall Street Journal reported that an activist investor is pressing the casual-dining chain to spin off a handful of its smaller restaurant concepts.
Cheesecake Factory Stock Rises on Report Activist Urges Chain To Break Up
KEY TAKEAWAYS JCP Investment Management, an activist investor, reportedly has built a stake in The Cheesecake Factory and is pushing for the restaurant chain to break up.The Cheesecake Factory shares are up 3% in premarket trading.
Cheesecake Factory gains after report activist pushing for breakup
Cheesecake Factory stock rises 5% in after-hours trading as activist investor pushes for spin-off of smaller brands.
Cheesecake Factory Stock Gains After Journal Report on Activist Stake
Shares of Cheesecake Factory (CAKE) rose more than 3% in premarket trading after The Wall Street Journal reported that an activist investor is urging the restaurant operator to consider a breakup. Rea
Cheesecake Factory Shares Jumps In Pre-Market After Activist Investor Reportedly Pushes For Strategic Breakup
Houston-based JCP Investment Management, known for its focus on the restaurant sector, has acquired about 2% of Cheesecake Factory, as indicated in an August regulatory filing.
Investor wants Sam Fox restaurants spun out of Cheesecake Factory, report says
An activist investor thinks North Italia, Flower Child and Culinary Dropout would be better off combined as their own public company.
Cheesecake Factory Shares Rise After WSJ Report of Activist Investor Stake
Shares of Cheesecake Factory rose after The Wall Street Journal reported an activist investor has built a position in the restaurant operator and is urging it to spin off three of its smaller brands. The stock gained 3.8% to $44.08 in after-hours trading Monday and ended the regular session down 1.3% at $42.45. The stock is up 21% this year.
Report: Pappas family heir calls for business revamp of Cheesecake Factory
James Pappas, the son of Houston restaurant mogul Chris Pappas, is looking to revamp one of America's most recognizable restaurants. According to a Tuesday report by the Wall Street Journal, the Pappas family heir acquired a stake in the popular Cheesecake Factory brand and already has big ideas.
Houston investor and Pappas family member reportedly wants to shake up the Cheesecake Factory
An activist investor and son of a co-founder of Pappas Restaurants is reportedly calling for change at the Cheesecake Factory. James Pappas' JCP Investment Management has acquired about 2% of the California-based restaurant chain,
Activist investor JCP pushes for spin-off of some of Cheesecake Factory's brands: Report
CNBC's Becky Quick reports on the latest news.
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Cheesecake Factory (NASDAQ:CAKE) Stock Rating Reaffirmed by Stephens
Cheesecake Factory (NASDAQ:CAKE – Get Free Report)‘s stock had its “overweight” rating reaffirmed by stock analysts at Stephens in a report released on Tuesday, Benzinga reports. They currently have a ...
Cheesecake Factory price target raised to $38 from $35 at Barclays
Barclays raised the firm’s price target on Cheesecake Factory (CAKE) to $38 from $35 and keeps an Underweight rating on the shares as ...