The Cheesecake Factory Inc

CAKE: XNAS (USA)
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Cheesecake Factory maintains its slow, steady pace in the second quarter.

The Cheesecake Factory CAKE reported mixed results in its second quarter as net income jumped nearly 30% even as operating income fell due to heightened food costs. Still, we believe the business is being managed well and we will be maintaining our fair value estimate of $27 per share.

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