The Cheesecake Factory Inc
CAKE: XNAS (USA)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| Tt | LOCK|vrkPW | LOCK|V$#K%x |
The Cheesecake Factory Maintains Steady Same-Store Sales at its Flagship Concept in 4Q
The Cheesecake Factory CAKE posted modest fourth-quarter results that were in line with our expectations. A combination of one less operating week relative to the prior year and the impact of Hurricane Sandy hampered top-line growth, while higher compensation and bonus expenses took a bite out of its profit margin. At this time, we are maintaining our $35 fair value estimate and no-moat rating.
