Cheesecake Factory Inc [CAKE] stock prices are down -0.46% to $48.10 at the moment. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The CAKE shares have gain 1.69% over the last week, with a monthly amount glided 15.18%, 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.
The stock price of Cheesecake Factory Inc [CAKE] has been fluctuating between $30.96 and $50.75 over the past year. Currently, Wall Street analysts expect the stock to reach $44.14 within the next 12 months. Cheesecake Factory Inc [NASDAQ: CAKE] shares were valued at $48.10 at the most recent close of the market. An investor can expect a potential drop of -8.23% based on the average CAKE price forecast.
Analyzing the CAKE fundamentals
The Cheesecake Factory Inc [NASDAQ:CAKE] reported sales of 3.54B for trailing twelve months, representing a surge of 4.25%. Gross Profit Margin for this corporation currently stands at 0.12% with Operating Profit Margin at 0.06%, Pretax Profit Margin comes in at 0.04%, and Net Profit Margin reading is 0.04%. To continue investigating profitability, this company’s Return on Assets is posted at 0.04, Equity is 0.36 and Total Capital is 0.09. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of1.54.
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 47.42 points at the first support level, and at 46.73 for the second support level. However, for the 1st resistance point, the stock is sitting at 49.22, and for the 2nd resistance point, it is at 50.33.
Ratios To Look Out For
It’s worth pointing out that Cheesecake Factory Inc [NASDAQ:CAKE]’s Current Ratio is 0.44. Further, the Quick Ratio stands at 0.33, while the Cash Ratio is 0.08. Considering the valuation of this stock, the price to sales ratio is 0.69, the price to book ratio is 6.18 and price to earnings (TTM) ratio is 18.28.
Transactions by insiders
Recent insider trading involved OVERTON DAVID, CHAIRMAN AND C.E.O., that happened on Nov 08 ’24 when 0.27 million shares were sold. Officer, OVERTON DAVID completed a deal on Nov 08 ’24 to buy 0.27 million shares. Meanwhile, PRESIDENT (SUBSIDIARY) Carango Keith sold 13095.0 shares on Nov 06 ’24.
