The Cheesecake Factory announced that it has acquired a 37 acre site in Charlestown, Indiana where it plans to develop its third bakery production facility. Once constructed, the facility will produce The Cheesecake Factory’s world-famous cheesecakes and signature bakery products for its restaurants and other foodservice wholesalers, retailers and distributors, in addition to providing anticipated distribution efficiencies for the Company.
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Read More on CAKE:
- Cheesecake Factory price target lowered to $28 from $32 at Barclays
- Cheesecake Factory initiated with a Hold at Deutsche Bank
- Cheesecake Factory price target lowered to $33 from $39 at Citi
- O’Reilly upgraded, Yeti downgraded: Wall Street’s top analyst calls
- Cheesecake Factory reinstated with a Neutral at BofA
