In the past week, CAKE stock has gone up by 0.44%, with a monthly decline of -1.31% and a quarterly plunge of -0.67%. The volatility ratio for the week is 2.73%, and the volatility levels for the last 30 days are 2.57% for Cheesecake Factory Inc. The simple moving average for the last 20 days is -0.83% for CAKE stock, with a simple moving average of 1.92% for the last 200 days.
Is It Worth Investing in Cheesecake Factory Inc. (NASDAQ: CAKE) Right Now?
Cheesecake Factory Inc. (NASDAQ: CAKE) has a higher price-to-earnings ratio of 16.49x compared to its average ratio. CAKE has 36-month beta value of 1.48. Analysts have mixed views 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% ratio of that float. The average trading volume of CAKE on May 09, 2024 was 843.50K shares.
CAKE) stock’s latest price update
The stock of Cheesecake Factory Inc. (NASDAQ: CAKE) has decreased by -0.15 when compared to last closing price of 34.02. Despite this, the company has experienced a 0.44% gain in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-05-08 that While the top- and bottom-line numbers for Cheesecake Factory (CAKE) give a sense of how the business performed in the quarter ended March 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
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 -3.35% 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 -11.05% of loss for the given period.
Volatility was left at 2.57%, however, over the last 30 days, the volatility rate increased by 2.73%, as shares sank -1.36% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -4.26% lower at present.
During the last 5 trading sessions, CAKE rose by +0.44%, which changed the moving average for the period of 200-days by -8.06% in comparison to the 20-day moving average, which settled at $34.23. In addition, Cheesecake Factory Inc. saw -2.97% 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 1.03. 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 put it simply, Cheesecake Factory Inc. (CAKE) has had a mixed performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
