The Cheesecake Factory Incorporated [CAKE] Is Currently -5.19 below its 200 Period Moving Avg: What Does This Mean?

The Cheesecake Factory Incorporated [NASDAQ: CAKE] traded at a low on 11/02/22, posting a -5.19 loss after which it closed the day’ session at $32.36. The company report on November 1, 2022 that The Cheesecake Factory Reports Results for Third Quarter of Fiscal 2022 and Provides Business Update.

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The Cheesecake Factory Incorporated (NASDAQ: CAKE) today reported financial results for the third quarter of fiscal 2022, which ended on September 27, 2022.

Total revenues were $784.0 million in the third quarter of fiscal 2022 compared to $754.5 million in the third quarter of fiscal 2021. Net loss and diluted net loss per share were $2.4 million and $0.05, respectively, in the third quarter of fiscal 2022.

The results of the trading session contributed to over 3944697 shares changing hands. Over the past one week, the price volatility of The Cheesecake Factory Incorporated stands at 5.33% while the volatility over the past one month is 4.72%.

The market cap for CAKE stock reached $1.62 billion, with 50.39 million shares outstanding and 48.55 million shares in the current float. Compared to the average trading volume of 998.20K shares, CAKE reached a trading volume of 3944697 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus say about The Cheesecake Factory Incorporated [CAKE]?

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for CAKE shares is $34.12 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on CAKE stock is a recommendation set at 2.30. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Stephens have made an estimate for The Cheesecake Factory Incorporated shares, keeping their opinion on the stock as Overweight, with their previous recommendation back on September 23, 2022. While these analysts kept the previous recommendation, Citigroup raised their target price to Buy. The new note on the price target was released on April 12, 2022, representing the official price target for The Cheesecake Factory Incorporated stock. Previously, the target price had yet another drop from $53 to $47, while Stephens kept a Overweight rating on CAKE stock. On January 03, 2022, analysts decreased their price target for CAKE shares from 65 to 44.

The Average True Range (ATR) for The Cheesecake Factory Incorporated is set at 1.58, with the Price to Sales ratio for CAKE stock in the period of the last 12 months amounting to 0.51. The Price to Book ratio for the last quarter was 4.51, with the Price to Cash per share for the same quarter was set at 3.90. Price to Free Cash Flow for CAKE in the course of the last twelve months was 18.43 with Quick ratio for the last quarter at 0.50.

How has CAKE stock performed recently?

The Cheesecake Factory Incorporated [CAKE] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -2.65. With this latest performance, CAKE shares gained by 2.99% in over the last four-week period, additionally sinking by -12.45% over the last 6 months – not to mention a drop of -21.32% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for CAKE stock in for the last two-week period is set at 48.46, with the RSI for the last a single of trading hit 44.48, and the three-weeks RSI is set at 50.08 for The Cheesecake Factory Incorporated [CAKE]. The present Moving Average for the last 50 days of trading for this stock 31.90, while it was recorded at 34.63 for the last single week of trading, and 33.48 for the last 200 days.

The Cheesecake Factory Incorporated [CAKE]: Deeper insight into the fundamentals

Operating Margin for any stock indicates how profitable investing would be, and The Cheesecake Factory Incorporated [CAKE] shares currently have an operating margin of +4.75 and a Gross Margin at +11.11. The Cheesecake Factory Incorporated’s Net Margin is presently recorded at +2.47.

Return on Equity for this stock inclined to 17.29, with Return on Assets sitting at 2.61.

The Cheesecake Factory Incorporated’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.50 and a Current Ratio set at 0.60.

Earnings analysis for The Cheesecake Factory Incorporated [CAKE]

The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for CAKE. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for The Cheesecake Factory Incorporated go to 17.68%.

Insider trade positions for The Cheesecake Factory Incorporated [CAKE]

There are presently around $1,474 million, or 87.00% of CAKE stock, in the hands of institutional investors. The top three institutional holders of CAKE stocks are: BLACKROCK INC. with ownership of 8,240,601, which is approximately 2.219% of the company’s market cap and around 0.10% of the total institutional ownership; VANGUARD GROUP INC, holding 5,498,418 shares of the stock with an approximate value of $177.93 million in CAKE stocks shares; and KAYNE ANDERSON RUDNICK INVESTMENT MANAGEMENT LLC, currently with $131.52 million in CAKE stock with ownership of nearly -6.423% of the company’s market capitalization.

Positions in The Cheesecake Factory Incorporated stocks held by institutional investors increased at the end of November and at the time of the November reporting period, where 117 institutional holders increased their position in The Cheesecake Factory Incorporated [NASDAQ:CAKE] by around 6,893,850 shares. Additionally, 130 investors decreased positions by around 3,440,392 shares, while 34 investors held positions by with 35,209,140 shares. The mentioned changes placed institutional holdings at 45,543,382 shares, according to the latest SEC report filing. CAKE stock had 39 new institutional investments in for a total of 1,267,504 shares, while 54 institutional investors sold positions of 1,848,880 shares during the same period.


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