The Cheesecake Factory Announces $200 Million Strategic Investment From Roark Capital
The Cheesecake Factory Incorporated (CAKE)
Last the cheesecake factory incorporated earnings: 2/19 04:15 pm
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Source: Business Wire
CALABASAS HILLS, Calif.--(BUSINESS WIRE)--The Cheesecake Factory Incorporated (NASDAQ: CAKE) today announced that it has closed on a $200 million convertible preferred investment from affiliates of Roark Capital. “We are pleased to have found a high-quality partner in Roark, who we are confident will add significant value to The Cheesecake Factory Incorporated,” said David Overton, Chairman and Chief Executive Officer. “This transaction not only meaningfully enhances our liquidity position to navigate the near-term COVID-19 landscape and get our affected staff members back to work as soon as practicable, but also importantly, solidifies our ability to manage the business for the long-term for all of our stakeholders once we emerge on the other side of this crisis. Moreover, Roark’s investment underscores the strength of our brands, market positioning and long-term growth prospects.”Neal Aronson, Founder and Managing Partner of Roark said, “We have long admired The Cheesecake Facto
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- The Cheesecake Factory Incorporated (NASDAQ: CAKE) had its price target raised by analysts at Raymond James from $51.00 to $56.00. They now have an "outperform" rating on the stock.MarketBeat
CAKE
Earnings
- 10/29/24 - Beat
CAKE
Sec Filings
- 11/12/24 - Form 4
- 11/8/24 - Form 144
- 11/8/24 - Form 4
- CAKE's page on the SEC website