At the time of writing, Cheesecake Factory Inc. [CAKE] stock is trading at $39.56, up 2.14%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The CAKE shares have gain 5.27% over the last week, with a monthly amount glided 3.13%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Cheesecake Factory Inc. [NASDAQ: CAKE] stock has seen the most recent analyst activity on May 15, 2024, when Stephens reiterated its Overweight rating and also boosted its price target to $50 from $44. Previously, Citigroup upgraded its rating to Buy on May 10, 2024, and elevated its price target to $47. On May 09, 2024, upgrade upgraded it’s rating to Outperform but maintained its price target of $42 on the stock. JP Morgan downgraded its rating to a Underweight but $33 remained the price target by the analyst firm on January 23, 2024. Wedbush upgraded its rating to Outperform for this stock on December 21, 2023, and upped its price target to $40. In a note dated October 19, 2023, Deutsche Bank initiated an Hold rating and provided a target price of $32 on this stock.
For the past year, the stock price of Cheesecake Factory Inc. fluctuated between $28.58 and $41.33. Currently, Wall Street analysts expect the stock to reach $40.77 within the next 12 months. Cheesecake Factory Inc. [NASDAQ: CAKE] shares were valued at $39.56 at the most recent close of the market. An investor can expect a potential return of 3.06% based on the average CAKE price forecast.
Analyzing the CAKE fundamentals
According to Cheesecake Factory Inc. [NASDAQ:CAKE], the company’s sales were 3.50B for trailing twelve months, which represents an 4.37% jump. Gross Profit Margin for this corporation currently stands at 0.19% with Operating Profit Margin at 0.05%, Pretax Profit Margin comes in at 0.03%, and Net Profit Margin reading is 0.03%. To continue investigating profitability, this company’s Return on Assets is posted at 0.04, Equity is 0.35 and Total Capital is 0.08. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 1.66.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 39.01 points at the first support level, and at 38.45 for the second support level. However, for the 1st resistance point, the stock is sitting at 39.93, and for the 2nd resistance point, it is at 40.30.
Ratios To Look Out For
It is important to note that Cheesecake Factory Inc. [NASDAQ:CAKE] has a current ratio of 0.43. Also, the Quick Ratio is 0.32, while the Cash Ratio stands at 0.06. Considering the valuation of this stock, the price to sales ratio is 0.57, the price to book ratio is 5.38 and price to earnings (TTM) ratio is 16.59.
Transactions by insiders
Recent insider trading involved Carango Keith, PRESIDENT (SUBSIDIARY), that happened on May 14 ’24 when 3785.0 shares were sold.
