The Cheesecake Factory Inc
CAKE: XNAS (USA)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| f? | LOCK|@m<b@ | LOCK|Z#&#!B |
Lower Costs and Price Increases Help Cheesecake Factory in First Quarter
The Cheesecake Factory CAKE reported solid top- and bottom-line growth in its first quarter. The ongoing trend of positive comparables at the flagship concept paved the way, while Grand Lux Café continues to struggle. While the results are encouraging, we remain comfortable with our outlook and are maintaining our $35 fair value estimate and no-moat rating.
