Cheesecake Factory Inc (NASDAQ: CAKE) is 35.88% higher on its value in year-to-date trading and has touched a low of $31.24 and a high of $52.10 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 $50.39 in the last trading session, with the day’s loss setting it -2.82%.
Currently trading at $47.57, the stock is -3.65% and 2.75% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.66 million and changing -5.60% at the moment leaves the stock 19.80% off its SMA200. CAKE registered 39.38% gain for a year compared to 6-month gain of 17.63%. The firm has a 50-day simple moving average (SMA 50) of $46.1432 and a 200-day simple moving average (SMA200) of $39.64805.
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The stock witnessed a 1.28% loss in the last 1 month and extending the period to 3 months gives it a 21.32%, and is -4.99% 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 3.71% over the week and 3.20% over the month.
Cheesecake Factory Inc (CAKE) has around 47900 employees, a market worth around $2.43B and $3.54B in sales. Current P/E ratio is 18.08 and Fwd P/E is 12.92. Profit margin for the company is 3.63%. Distance from 52-week low is 52.27% and -8.69% from its 52-week high. The company has generated returns on investments over the last 12 months (5.98%).
with sales reaching $912.04M over the same period.The EPS is expected to grow by 22.85% this year, but quarterly earnings will post 3.89% year-over-year. Quarterly sales are estimated to grow 3.99% in year-over-year returns.
359.0 institutions hold shares in Cheesecake Factory Inc (CAKE), with institutional investors hold 98.71% of the company’s shares. The shares outstanding are 50.94M, and float is at 47.24M with Short Float at 11.45%. Institutions hold 91.95% of the Float.
The top institutional shareholder in the company is BLACKROCK INC. with over 7.26 million shares valued at $285.44 million. The investor’s holdings represent 15.215 of the CAKE Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 5.41 million shares valued at $212.45 million to account for 11.3241 of the shares outstanding. The other top investors are EARNEST PARTNERS LLC which holds 2.83 million shares representing 5.9297 and valued at over $111.24 million, while KAYNE ANDERSON RUDNICK INVESTMENT MANAGEMENT LLC holds 5.9015 of the shares totaling 2.82 million with a market value of $110.72 million.
Cheesecake Factory Inc (CAKE) Insider Activity
The most recent transaction is an insider sale by OVERTON DAVID, the company’s CHAIRMAN AND C.E.O. SEC filings show that OVERTON DAVID sold 269,520 shares of the company’s common stock on Nov 08 ’24 at a price of $46.65 per share for a total of $12.57 million. Following the sale, the insider now owns 2.96 million shares.
Still, SEC filings show that on Nov 06 ’24, Carango Keith (PRESIDENT (SUBSIDIARY)) disposed off 13,095 shares at an average price of $49.88 for $0.65 million. The insider now directly holds 14,977 shares of Cheesecake Factory Inc (CAKE).
