Savvy Restaurateur Sam Fox Sells His Business To The Cheesecake Factory [Forbes]
The Cheesecake Factory Incorporated (CAKE)
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Source: Forbes
Savvy Restaurateur Sam Fox Sells His Business To The Cheesecake Factory Sam Fox, the Phoenix-based restaurateur, has a reputation as one of the savviest owners in the food business. He's been nominated 11 times for the James Beard Award as Outstanding Restaurateur, and he has been featured on the Power List at Nation's Restaurant News. His restaurants range from comfortable, all-day hangouts for business executives and ball players, to fast casual spots with clean food frequented by milliennials and fitness enthusiasts, and hopping taco joints. Earlier this year, Fox talked about doubling the size of his restaurant empire by 2022. Instead, he surprised the food world on Wednesday announcing he was selling his entire business to The Cheesecake Factory, already set to take on two of his brands. The deal is worth $353 million — $308 million paid up front in cash, and an additional $45 million to be paid over the next four years. In a news release, the two companies said they expected the
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News
- The Cheesecake Factory Incorporated (NASDAQ: CAKE) was upgraded by analysts at StockNews.com from a "hold" rating to a "buy" rating.MarketBeat
- The Cheesecake Factory to Present at Upcoming Investor Conferences [Yahoo! Finance]Yahoo! Finance
- The Cheesecake Factory to Present at Upcoming Investor ConferencesBusiness Wire
- The Cheesecake Factory Incorporated (NASDAQ: CAKE) had its price target raised by analysts at Wedbush from $52.00 to $59.00. They now have an "outperform" rating on the stock.MarketBeat
- The Cheesecake Factory Helps You Get a Jump Start on Holiday Shopping With Special Gift Card Offer [Yahoo! Finance]Yahoo! Finance
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