Cheesecake Factory Inc. [NASDAQ: CAKE] jumped around 2.09 points on Thursday, while shares priced at $36.06 at the close of the session, up 6.15%.
Compared to the average trading volume of 851.17K shares, CAKE reached a trading volume of 3336579 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus say about Cheesecake Factory Inc. [CAKE]?
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for CAKE shares is $37.62 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 2.76. 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.
Raymond James have made an estimate for Cheesecake Factory Inc. shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on May-10-24. While these analysts kept the previous recommendation, Stephens raised their target price to Overweight. The new note on the price target was released on April 12, 2024, representing the official price target for Cheesecake Factory Inc. stock. Previously, the target price had yet another raise to $33, while JP Morgan analysts kept a Underweight rating on CAKE stock. On December 21, 2023, analysts increased their price target for CAKE shares from 34 to 40.
The Average True Range (ATR) for Cheesecake Factory Inc. is set at 1.12, with the Price to Sales ratio for CAKE stock in the period of the last 12 months amounting to 0.53. The Price to Book ratio for the last quarter was 5.53, with the Price to Cash per share for the same quarter was set at 1.18. Price to Free Cash Flow for CAKE in the course of the last twelve months was 26.48 with Quick ratio for the last quarter at 0.33.
How has CAKE stock performed recently?
Cheesecake Factory Inc. [CAKE] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 7.74. With this latest performance, CAKE shares gained by 4.70% in over the last four-week period, additionally plugging by 17.27% over the last 6 months – not to mention a rise of 8.42% 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 59.49, with the RSI for the last a single of trading hit 64.95, and the three-weeks RSI is set at 56.44 for Cheesecake Factory Inc. [CAKE]. The present Moving Average for the last 50 days of trading for this stock 35.14, while it was recorded at 34.47 for the last single week of trading, and 33.31 for the last 200 days.
Cheesecake Factory Inc. [CAKE]: Deeper insight into the fundamentals
Cheesecake Factory Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.33 and a Current Ratio set at 0.43.
Earnings analysis for Cheesecake Factory Inc. [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 Cheesecake Factory Inc. go to 18.80%.
Insider trade positions for Cheesecake Factory Inc. [CAKE]
The top three institutional holders of CAKE stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.4983%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $200.69 billion in CAKE stocks shares; and BERKSHIRE HATHAWAY INC, currently with $174.35 billion in CAKE stock with ownership which is approximately 5.8386%.
