Cheesecake Factory Inc (CAKE) concluded trading on Wednesday at a closing price of $53.65, with 8.18 million shares of worth about $438.96 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 32.11% during that period and on Wednesday the price saw a loss of about -1.40%. Currently the company’s common shares owned by public are about 51.33M shares, out of which, 47.60M shares are available for trading.
Stock saw a price change of -1.18% in past 5 days and over the past one month there was a price change of 3.51%. Year-to-date (YTD), CAKE shares are showing a performance of 13.09% which increased to 49.65% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $33.05 but also hit the highest price of $57.32 during that period. The average intraday trading volume for Cheesecake Factory Inc shares is 1.30 million. The stock is currently trading -1.45% below its 20-day simple moving average (SMA20), while that difference is up 4.23% for SMA50 and it goes to 23.52% higher than SMA200.
Cheesecake Factory Inc (NASDAQ: CAKE) currently have 51.33M outstanding shares and institutions hold larger chunk of about 98.67% of that.
The stock has a current market capitalization of $2.77B and its 3Y-monthly beta is at 1.56. PE ratio of stock for trailing 12 months is 16.77, while it has posted earnings per share of $3.20 in the same period. Its PEG reads 1.51 and has Quick Ratio of 0.38 while making debt-to-equity ratio of 4.30. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for CAKE, volatility over the week remained 4.33% while standing at 3.56% over the month.
Stock’s fiscal year EPS is expected to rise by 7.80% while it is estimated to increase by 11.62% in next year. EPS is likely to grow at an annualized rate of 11.09% for next 5-years, compared to annual growth of 2.30% made by the stock over the past 5-years.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Oppenheimer on January 07, 2025 offering an Outperform rating for the stock and assigned a target price of $65 to it. Coverage by Goldman stated Cheesecake Factory Inc (CAKE) stock as a Buy in their note to investors on December 05, 2024, suggesting a price target of $56 for the stock. On May 15, 2024, Stephens Reiterated their recommendations, while on May 10, 2024, Citigroup Upgrade their ratings for the stock with a price target of $47. Stock get an Outperform rating from Raymond James on May 09, 2024.
