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CAKE

Cheesecake Factory

$45.44

0.52 (1.16%)

11:50
11/20/17
11/20
11:50
11/20/17
11:50

Cheesecake option volume is 2X daily average as buyers gobble up call options

Cheesecake option volume is 2X daily average as buyers gobble up call options. The stock up 6c to $45.50 and CAKE Dec 50s trade across the exchanges in several slices for 20c per contract. Customers are opening, according to data from ISE, and nearly 4K now traded at that strike. Small lots of Dec 45, Apr 55, and Apr 45 calls also changing hands. Total volume lopsided 20:1 at 5K calls and 250 puts. Catalyst for the heightened call activity unclear.

CAKE Cheesecake Factory
$45.44

0.52 (1.16%)

09/26/17
09/26/17
DOWNGRADE

On The Fly: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. JPMorgan (JPM) and PNC Financial (PNC) were downgraded to Hold from Buy at Deutsche Bank. 2. Aflac (AFL) downgraded to Sell from Neutral at Citi with analyst Suneet Kamath saying the company is at an inflection point as Aflac Japan is too large to show meaningful growth and Aflac U.S. is "too small to move the growth needle." 3. Cardtronics (CATM) downgraded to Market Perform from Outperform at William Blair with analyst Robert Napoli citing the changes in the Australian market. 4. Cheesecake Factory (CAKE), Shake Shack (SHAK), and Habit Restaurants (HABT) were downgraded to Neutral from Outperform at Wedbush. 5. Genocea (GNCA) downgraded to Hold from Buy at Stifel with analyst Stephen Willey saying his visibility and confidence "remains admittedly low" after the company shelved GEN-003 and said it will shift focus on immuno-oncology and the development of neoantigen cancer vaccines. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
09/26/17
09/26/17
DOWNGRADE
Target $44

Neutral
Cheesecake Factory downgraded to Neutral at Wedbush
As previously reported, Wedbush analyst Nick Setyan downgraded Cheesecake Factory to Neutral from Outperform saying he expects continued pressure on casual dining comp trends, creating risk to current margin expectations and guidance. The analyst also lowered his price target on the shares to $44 from $52.
09/26/17
WEDB
09/26/17
DOWNGRADE
WEDB
Neutral
Cheesecake Factory downgraded to Neutral from Outperform at Wedbush
08/30/17
08/30/17
NO CHANGE

Wedbush estimates Harvey's impact on restaurant chains
Wedbush analyst Nick Setyan says that Jack in the Box (JACK), Fiesta Restaurant (FRGI), Chuy's (CHUY), Cheesecake Factory (CAKE), and BJ's Restaurants (BJRI0 have the most exposure to Hurricane Harvey among restaurant owners. The analyst estimates that 20% of restaurants owned by Jack in the Box are in the area and 27% of Fiesta's Taco Cabana restaurants are in Houston, while 9% of Chuy's restaurants, 3% of Cheesecake's units, and 2% of BJ's units are in the area,. The analyst estimates that Jack in the Box's EPS loss could be as high as .007c per day, while Fiesta's EPS loss may be as high as .005c per day, and Chuy could lose .004c of EPS per day. Finally, Cheesecake and BJ's could lose u[p to .002c of EPS per day, the analyst stated.

TODAY'S FREE FLY STORIES

STLD

Steel Dynamics

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SPY

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MCK

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AEE

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HPE

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  • 09

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GRMN

Garmin

$58.36

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LMT

Lockheed Martin

$322.82

5.81 (1.83%)

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PG

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PG

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, NVS

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  • 18

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SNSS

Sunesis

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T

AT&T

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, BA

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  • 31

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HPE

HP Enterprise

$14.41

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  • 09

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FSV

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ETP

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AMTD

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BTC

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HIIQ

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RM

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NBY

NovaBay

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-0.0668 (-1.96%)

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T

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RUN

Sunrun

$6.06

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RUN

Sunrun

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SINO

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ALN

American Lorain

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BKH

Black Hills

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