Cheesecake Factory Inc. (NASDAQ: CAKE) is 0.60% higher on its value in year-to-date trading and has touched a low of $28.58 and a high of $38.19 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 $36.47 in the last trading session, with the day’s loss setting it -1.25%.
Currently trading at $35.22, the stock is -2.04% and 1.15% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.02 million and changing -3.43% at the moment leaves the stock 5.80% off its SMA200. CAKE registered 2.12% gain for a year compared to 6-month gain of 18.91%. The firm has a 50-day simple moving average (SMA 50) of $1.05 and a 200-day simple moving average (SMA200) of $17.87.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
The stock witnessed a 2.89% loss in the last 1 month and extending the period to 3 months gives it a 0.09%, and is -2.06% 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 2.15% over the week and 2.74% over the month.
Cheesecake Factory Inc. (CAKE) has around 47900 employees, a market worth around $1.80B and $3.44B in sales. Current P/E ratio is 17.10 and Fwd P/E is 10.21. Profit margin for the company is 2.95%. Distance from 52-week low is 23.23% and -7.78% from its 52-week high. The company has generated returns on investments over the last 12 months (4.96%).
Cheesecake Factory Inc. quarterly earnings per share for the current quarter are estimated at $0.63 with sales reaching $888.76M over the same period.The EPS is expected to grow by 14.03% this year, but quarterly earnings will post 5.20% year-over-year. Quarterly sales are estimated to grow 2.60% in year-over-year returns.
340 institutions hold shares in Cheesecake Factory Inc. (CAKE), with institutional investors hold 95.33% of the company’s shares. The shares outstanding are 50.65M, and float is at 47.12M with Short Float at 13.84%. Institutions hold 88.45% 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.
