Cheesecake Factory Inc. (NASDAQ:CAKE) shares, rose in value, with the stock price up by 1.36% to the previous day’s close as strong demand from buyers drove the stock to $35.35.
Actively observing the price movement in the last trading, the stock closed the session at $34.88. The PE ratio was 17.16 over 12-month period. Referring to stock’s 52-week performance, its high was $38.19, and the low was $28.58. On the whole, CAKE has fluctuated by -2.79% over the past month.
The company’s Forward Dividend Ratio is 1.08, with its dividend yield at 3.05%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 3.62B, with a low estimate of 882.34M and a high estimate of 900.6M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 890.87M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that CAKE’s technical picture suggests that short-term indicators denote the stock is a 50% Buy on average. However, medium-term indicators have put the stock in the category of 100% Buy while long-term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the PEG ratio is about 0.91, with the price of CAKE currently trading nearly 1.64% and 0.29% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 54.05, while the 7-day volatility ratio is showing 1.93% which for the 30-day chart, stands at 2.59%. Furthermore, Cheesecake Factory Inc. (CAKE)’s beta value is 1.49, and its average true range (ATR) is 0.89.
A comparison of Cheesecake Factory Inc. (CAKE) with its peers suggests the former has fared considerably weaker in the market. CAKE showed an intraday change of 1.36% in last session, and over the past year, it grew by 9.93%%.
Data on historical trading for Cheesecake Factory Inc. (NASDAQ:CAKE) indicates that the trading volumes over the past 3 months, they’ve averaged 831.79K. According to company’s latest data on outstanding shares, there are 50.65 million shares outstanding.
Nearly 7.90% of Cheesecake Factory Inc.’s shares belong to company insiders and institutional investors own 87.41% of the company’s shares. The stock has risen by 0.99% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the CAKE stock heading into the next quarter.
