Sterne Agee Maintains Buy Rating On The Cheesecake Factory

According to Sterne Agee, the Cheesecake Factory CAKE Buy rating is maintained. Sterne Agee said that its revenue estimate is $435.8 million, which assumes a blended SSS estimate of +2.5% (lapping +1.6% in 2Q10). “CAKE is scheduled to release 2Q11 earnings results at after the market close on Wednesday, July 20th with its conference call scheduled for shortly after the release.” The Cheesecake Factory closed yesterday at $32.69.