The stock of Cheesecake Factory Inc. (CAKE) has seen a 3.57% increase in the past week, with a 6.27% gain in the past month, and a 13.74% flourish in the past quarter. The volatility ratio for the week is 2.67%, and the volatility levels for the past 30 days are at 2.99% for CAKE. The simple moving average for the last 20 days is 2.96% for CAKE stock, with a simple moving average of 13.45% for the last 200 days.
Is It Worth Investing in Cheesecake Factory Inc. (NASDAQ: CAKE) Right Now?
The price-to-earnings ratio for Cheesecake Factory Inc. (NASDAQ: CAKE) is 17.63x, which is above its average ratio. Moreover, the 36-month beta value for CAKE is 1.50. 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.”
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The public float for CAKE is 47.06M and currently, short sellers hold a 11.88% of that float. On October 23, 2024, CAKE’s average trading volume was 979.56K shares.
CAKE) stock’s latest price update
Cheesecake Factory Inc. (NASDAQ: CAKE)’s stock price has decreased by -0.97 compared to its previous closing price of 42.45. However, the company has seen a 3.57% increase in its stock price over the last five trading sessions. marketwatch.com reported 2024-10-22 that Shares of Cheesecake Factory Inc. got a lift after hours on Monday after the Wall Street Journal reported that an activist investor is pressing the casual-dining chain to spin off a handful of its smaller restaurant concepts.
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 $50 based on the research report published on May 15, 2024 of the current year 2024.
Citigroup, on the other hand, stated in their research note that they expect to see CAKE reach a price target of $47, previously predicting the price at $38. The rating they have provided for CAKE stocks is “Buy” according to the report published on May 10th, 2024.
Raymond James gave a rating of “Outperform” to CAKE, setting the target price at $42 in the report published on May 09th of the current year.
CAKE Trading at 6.98% 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 -3.16% of loss for the given period.
Volatility was left at 2.99%, however, over the last 30 days, the volatility rate increased by 2.67%, as shares surge +5.31% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +16.49% upper at present.
During the last 5 trading sessions, CAKE rose by +3.57%, which changed the moving average for the period of 200-days by +25.76% in comparison to the 20-day moving average, which settled at $40.83. In addition, Cheesecake Factory Inc. saw 20.08% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at CAKE starting from Carango Keith, who sale 3,785 shares at the price of $40.10 back on May 14 ’24. After this action, Carango Keith now owns 28,072 shares of Cheesecake Factory Inc., valued at $151,761 using the latest closing price.
Stock Fundamentals for CAKE
Current profitability levels for the company are sitting at:
- 0.05 for the present operating margin
- 0.19 for the gross margin
The net margin for Cheesecake Factory Inc. stands at 0.03. The total capital return value is set at 0.08. Equity return is now at value 33.22, with 4.12 for asset returns.
Based on Cheesecake Factory Inc. (CAKE), the company’s capital structure generated 0.62 points at debt to capital in total, while cash flow to debt ratio is standing at 0.34. The debt to equity ratio resting at 1.66. The interest coverage ratio of the stock is 21.74.
Currently, EBITDA for the company is 268.23 million with net debt to EBITDA at 6.44. When we switch over and look at the enterprise to sales, we see a ratio of 1.14. The receivables turnover for the company is 30.68for trailing twelve months and the total asset turnover is 1.22. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.43.
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.
