In the past week, CAKE stock has gone down by -2.19%, with a monthly gain of 19.04% and a quarterly surge of 29.89%. The volatility ratio for the week is 3.01%, and the volatility levels for the last 30 days are 2.96% for Cheesecake Factory Inc The simple moving average for the past 20 days is 7.58% for CAKE’s stock, with a 27.09% simple moving average for the past 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 18.37x compared to its average ratio, The 36-month beta value for CAKE is at 1.47. Analysts have varying views on the stock, with 3 analysts rating it as a “buy,” 2 rating it as “overweight,” 15 as “hold,” and 1 as “sell.”
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The public float for CAKE is 47.22M, and currently, shorts hold a 13.15% of that float. The average trading volume for CAKE on November 14, 2024 was 1.02M shares.
CAKE) stock’s latest price update
The stock price of Cheesecake Factory Inc (NASDAQ: CAKE) has surged by 0.65 when compared to previous closing price of 48.01, but the company has seen a -2.19% decline in its stock price over the last five trading sessions. zacks.com reported 2024-11-11 that Cheesecake Factory (CAKE) is well positioned to outperform the market, as it exhibits above-average growth in financials.
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 16.40% 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 -4.79% of loss for the given period.
Volatility was left at 2.96%, however, over the last 30 days, the volatility rate increased by 3.01%, as shares surge +15.71% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +24.47% upper at present.
During the last 5 trading sessions, CAKE fell by -2.19%, which changed the moving average for the period of 200-days by +39.86% in comparison to the 20-day moving average, which settled at $44.91. In addition, Cheesecake Factory Inc saw 38.02% 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 OVERTON DAVID, who sale 269,520 shares at the price of $46.65 back on Nov 08 ’24. After this action, OVERTON DAVID now owns 2,964,594 shares of Cheesecake Factory Inc, valued at $12,573,890 using the latest closing price.
OVERTON DAVID, the Officer of Cheesecake Factory Inc, proposed sale 269,520 shares at $46.55 during a trade that took place back on Nov 08 ’24, which means that OVERTON DAVID is holding shares at $12,546,156 based on the most recent closing price.
Stock Fundamentals for CAKE
Current profitability levels for the company are sitting at:
- 0.06 for the present operating margin
- 0.12 for the gross margin
The net margin for Cheesecake Factory Inc stands at 0.04. The total capital return value is set at 0.09. Equity return is now at value 35.74, with 4.49 for asset returns.
Based on Cheesecake Factory Inc (CAKE), the company’s capital structure generated 0.61 points at debt to capital in total, while cash flow to debt ratio is standing at 0.4. The debt to equity ratio resting at 1.54. The interest coverage ratio of the stock is 24.43.
Currently, EBITDA for the company is 268.23 million with net debt to EBITDA at 6.1. When we switch over and look at the enterprise to sales, we see a ratio of 1.22. The receivables turnover for the company is 47.59for 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 0.44.
Conclusion
In conclusion, Cheesecake Factory Inc (CAKE) has had a better performance lately. Opinion on the stock among analysts is bullish, with some giving it a “buy” rating and others a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
