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Cheesecake Factory Inc. (CAKE) Is A Good Stock To Invest In

Cheesecake Factory Inc. (NASDAQ:CAKE) concluded the trading at $35.11 Friday, February 09 with a fall of -1.49% from its closing price on previous day.

Taking a look at stock we notice that its last check on previous day was $35.64 and 5Y monthly beta was reading 1.51 . Company’s P/E ratio for the trailing 12 months is 20.27. Considering stock’s 52-week price range provides that CAKE hit a high price of $41.08 and saw its price falling to a low level of $28.58 during that period. Over a period of past 1-month, stock came adding 2.57% in its value.

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In last 7 days, analysts came adjusting their opinions about stock’s EPS with no upward and no downward revisions, an indication which could give clearer idea about the company’s short term price movement. In contrast, when we review CAKE stock’s current outlook then short term indicators are assigning it an average of 75% Buy, while medium term indicators are categorizing the stock at an average of 100% Buy. Long term indicators are suggesting an average of 50% Buy for it.

Digging deeper we become aware of the PEG ratio of the CAKE stock which is currently positioned at 0.56. It further provides that stock’s current price level is 3.80% away from its 20-day simple moving average and is 3.68% off its SMA50. Its relative strength index (RSI) for 14-periods is oscillating at 56.20 while volatility remained at 3.03% over the past week which changes to 2.90% when measuring it over the past month. Beta is valued at 1.51, while measure of average true range or ATR is currently at 1.00.

In comparing Cheesecake Factory Inc. (CAKE)’s stock with other industry players reveals that stock’s current price change of -1.49% and that of -7.99% over the past 12 months is in competing position with that of Chipotle Mexican Grill Inc. (CMG) which saw its stock price raised by 0.68%% in the last trading and went through an increase of 66.57% in past 12-month trading. Industry’s another major player Arcos Dorados Holdings Inc. Cl A (ARCO) has rise 1.35%% up in previous session, but over the past year has faced a rise of 47.61%. Brinker International Inc. (EAT) was also down -1.64%% however its price remained floating in the green at 10.20% over the same period. Cheesecake Factory Inc. has a P/E ratio of 20.27 against that of Chipotle Mexican Grill Inc.’s 59.50 while Arcos Dorados Holdings Inc. Cl A is showing 14.08 for the same.

Having a second look at Cheesecake Factory Inc. (NASDAQ:CAKE) provides that stock’s average daily trading volume for 3 months was 800.39K, while it jumped to 0.77 million when we calculate an average volume for past 10 days. Number of outstanding shares of the stock stood at 51.17 million.

The percentage of outstanding shares held by the insiders is 7.15% while it is 86.79% for the institutional holders. The figures also indicate that as of Jan 12, 2024, number of stock’s short shares was 6.75 million which implies a short ratio of 7.83. This shows up a 13.29% of Short Interest in company’s outstanding shares on the day. In January the standing of shares short improved as it was 6.61 million in the previous month. Addition of 0.29% by stock’s current price to its year-to-date value in last trading session is likely to be increasing investors’ interest in the stock as it is hinting an extended uptrend.