The stock of Cheesecake Factory Inc. (NASDAQ: CAKE) has decreased by -1.19 when compared to last closing price of 35.30. Despite this, the company has experienced a 3.16% gain in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-04-18 that The Zacks Style Scores offers investors a way to easily find top-rated stocks based on their investing style. Here’s why you should take advantage.
Is It Worth Investing in Cheesecake Factory Inc. (NASDAQ: CAKE) Right Now?
The price-to-earnings ratio for Cheesecake Factory Inc. (NASDAQ: CAKE) is 16.93x, which is above its average ratio. Moreover, the 36-month beta value for CAKE is 1.49. Analysts have varying opinions on the stock, with 3 analysts rating it as a “buy,” 2 as “overweight,” 15 as “hold,” and 1 as “sell.”
The public float for CAKE is 46.95M and currently, short sellers hold a 15.00% of that float. On April 26, 2024, CAKE’s average trading volume was 822.75K shares.
CAKE’s Market Performance
CAKE’s stock has seen a 3.16% increase for the week, with a 0.87% rise in the past month and a 3.75% gain in the past quarter. The volatility ratio for the week is 1.87%, and the volatility levels for the past 30 days are at 2.71% for Cheesecake Factory Inc. The simple moving average for the past 20 days is 0.06% for CAKE’s stock, with a 4.36% simple moving average for the past 200 days.
Analysts’ Opinion of CAKE
Many brokerage firms have already submitted their reports for CAKE stocks, with Stephens repeating the rating for CAKE by listing it as a “Overweight.” The predicted price for CAKE in the upcoming period, according to Stephens is $44 based on the research report published on April 12, 2024 of the current year 2024.
JP Morgan, on the other hand, stated in their research note that they expect to see CAKE reach a price target of $33. The rating they have provided for CAKE stocks is “Underweight” according to the report published on January 23rd, 2024.
Wedbush gave a rating of “Outperform” to CAKE, setting the target price at $40 in the report published on December 21st of the previous year.
CAKE Trading at -1.02% from the 50-Day Moving Average
After a stumble in the market that brought CAKE to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -8.67% of loss for the given period.
Volatility was left at 2.71%, however, over the last 30 days, the volatility rate increased by 1.87%, as shares sank -4.10% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +2.05% upper at present.
During the last 5 trading sessions, CAKE rose by +3.16%, which changed the moving average for the period of 200-days by -1.91% in comparison to the 20-day moving average, which settled at $34.78. In addition, Cheesecake Factory Inc. saw -0.37% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for CAKE
Current profitability levels for the company are sitting at:
- 0.04 for the present operating margin
- 0.33 for the gross margin
The net margin for Cheesecake Factory Inc. stands at 0.03. The total capital return value is set at 0.07. Equity return is now at value 33.23, with 3.61 for asset returns.
Based on Cheesecake Factory Inc. (CAKE), the company’s capital structure generated 0.66 points at debt to capital in total, while cash flow to debt ratio is standing at 0.36. The debt to equity ratio resting at 1.9. The interest coverage ratio of the stock is 17.98.
Currently, EBITDA for the company is 268.23 million with net debt to EBITDA at 7.14. When we switch over and look at the enterprise to sales, we see a ratio of 1.04. The receivables turnover for the company is 24.07for trailing twelve months and the total asset turnover is 1.21. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.46.
Conclusion
To wrap up, the performance of Cheesecake Factory Inc. (CAKE) has been better in recent times. The stock has received a bullish of “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
