You can now read 10 articles in a month for free on BostonGlobe.com. Read as much as you want anywhere and anytime for just 99¢.

The Boston Globe

Markets

Cheesecake Factory

Continue reading below

A William Blair analyst downgraded the restaurant operator to “market perform,” saying consumers are again shying away from dining out. “Field checks indicate a choppy May,” the firm said. It expects Cheesecake’s second-quarter sales to be at or below guidance, and it cut its earnings view to the low end of the company’s guidance. The stock, the firm said, could end up “very range-bound” if something doesn’t spur sales in the casual-dining sector.

Loading comments...

You have reached the limit of 10 free articles in a month

Stay informed with unlimited access to Boston’s trusted news source.

  • High-quality journalism from the region’s largest newsroom
  • Convenient access across all of your devices
  • Today’s Headlines daily newsletter
  • Subscriber-only access to exclusive offers, events, contests, eBooks, and more
  • Less than 25¢ a week