New Big Money Means Cheesecake Factory Inc. (CAKE) Investors Could Reap Benefit

Cheesecake Factory Inc. (NASDAQ: CAKE) is 1.80% higher on its value in year-to-date trading and has touched a low of $28.58 and a high of $41.08 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The CAKE stock was last observed hovering at around $34.20 in the last trading session, with the day’s gains setting it 1.44%.

Currently trading at $35.64, the stock is 5.59% and 5.44% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.03 million and changing 4.21% at the moment leaves the stock 8.40% off its SMA200. CAKE registered -9.73% loss for a year compared to 6-month loss of -1.79%. The firm has a 50-day simple moving average (SMA 50) of $1.04 and a 200-day simple moving average (SMA200) of $20.04.

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The stock witnessed a 4.55% gain in the last 1 month and extending the period to 3 months gives it a 15.90%, and is -0.28% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 3.09% over the week and 2.84% over the month.

Cheesecake Factory Inc. (CAKE) has around 47500 employees, a market worth around $1.81B and $3.46B in sales. Current P/E ratio is 20.58 and Fwd P/E is 11.66. Profit margin for the company is 2.47%. Distance from 52-week low is 24.70% and -13.24% from its 52-week high. The company has generated returns on investments over the last 12 months (4.19%).

Cheesecake Factory Inc. quarterly earnings per share for the current quarter are estimated at $0.74 with sales reaching $878.04M over the same period.The EPS is expected to grow by 73.13% this year, but quarterly earnings will post 4.10% year-over-year. Quarterly sales are estimated to shrink -1.70% in year-over-year returns.

304 institutions hold shares in Cheesecake Factory Inc. (CAKE), with institutional investors hold 94.07% of the company’s shares. The shares outstanding are 51.17M, and float is at 47.15M with Short Float at 14.31%. Institutions hold 87.44% of the Float.

The top institutional shareholder in the company is Blackrock Inc. with over 7.48 million shares valued at $258.54 million. The investor’s holdings represent 14.58% of the CAKE Shares outstanding. As of Jun 29, 2023, the second largest holder is Vanguard Group Inc with 5.55 million shares valued at $191.79 million to account for 10.82% of the shares outstanding. The other top investors are Kayne Anderson Rudnick Investment Management LLC which holds 3.57 million shares representing 6.97% and valued at over $123.53 million, while Earnest Partners LLC holds 5.86% of the shares totaling 3.0 million with a market value of $103.87 million.

Cheesecake Factory Inc. (CAKE) Insider Activity

A total of 0 insider transactions have happened at Cheesecake Factory Inc. (CAKE) in the last six months, with sales accounting for 0 and purchases happening 0 times.

Cheesecake Factory Inc. (CAKE): Who are the competitors?

One of the company’s main competitors (and peers) include Chipotle Mexican Grill Inc. (CMG) that is trading 65.45% up over the past 12 months.Arcos Dorados Holdings Inc. Cl A (ARCO) lies in the list of competitors of the Cheesecake Factory Inc. and is 45.64% higher over the same period from CAKEBrinker International Inc. (EAT) is 12.04% up on the 1-year trading charts.