"With the US stock market giving us an opportunity to book some big gains on the short side today (these opportunities have been infrequent in 2017!), I want to ring the register on what has been a great fundamental research call by Restaurants analyst Howard Penney," writes Hedgeye CEO Keith McCullough. "No one ever went broke booking gains. I may revisit CAKE on a big bounce."
There is no change to Penney's fundamental research view. Click here to read the Cheesecake Factory stock report.
