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Fly News Breaks for August 1, 2018
CAKE
Aug 1, 2018 | 07:18 EDT
Stephens analyst Will Slabaugh noted that Cheesecake Factory's same-store sales growth in Q2 beat his and consensus estimates, but its earnings missed consensus due to higher medical and legal expenses. While he likes Cheesecake Factory over the long-term, he is waiting for more concrete signs of a recovery and keeps an Equal Weight rating and $55 price target on the shares following the quarterly report.
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