The Cheesecake Factory Incorporated (NASDAQ:CAKE) saw a downside of -6.99% to $38.07 after subtracting -$2.86 on Tuesday. The 5-day average trading volume is 993,401 shares of the company’s common stock. It has gained $41.04 in the past week and touched a new high 3 times within the past 5 days. An average of 1,027,025 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 1,011,510.
CAKE’s 1-month performance is 33.02% or $6.24 on its low of $30.98 reached on 12/28/22. The company’s shares have touched a 52-week low of $26.05 and high of $44.65, with the stock’s rally to the 52-week high happening on 01/23/23. YTD, CAKE has achieved 29.08% or $6.59 and has reached a new high 8 times. However, the current price is down -14.74% from the 52-week high price.
CAKE stock has a beta of 1.41. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 0.63 while the price-to-book (PB) in the most recent quarter is 6.28, with the price to cash flow ratio at 24.41.
The Cheesecake Factory Incorporated’s quick ratio for the period ended September 29 was 0.40, with the current ratio over the same period at 0.50. As well, the company’s long term debt to equity for the quarter ending September 29 was 1.45, while the total debt to equity was 1.45. In terms of profitability, the gross margin trailing 12 months is 75.90%. The firm’s gross profit as reported stood at $409.47 million against revenue of $2.93 billion.
For the quarterly period ending September 29 this year, Net income and sales went down compared to those figures reported in the previous quarter. Net income shrunk -31.41% to $25.66 million, while revenue of $23.16 million was 9.74% off the previous quarter. Analysts expected CAKE to announce $0.28 per share in earnings in its latest quarter, but it posted -$0.03, representing a -110.70% surprise. EBITDA for the quarter stood at more than $20.45 million. CAKE stock balance sheet for the quarter ending September 29 shows that total liabilities totaled 2.41 billion, with total debt at $1.83 billion. Shareholders hold equity totaling $51.42 million.
Let’s look briefly at The Cheesecake Factory Incorporated (CAKE) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 23 January was 57.78% to suggest the stock is trending Neutral, with historical volatility in this time period at 50.14%.
The stock’s 5-day moving average is $38.71, reflecting a +1.11% or $0.42 change from its current price. CAKE is currently trading +20.52% above its 20-day SMA, +25.49% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +15.89% and SMA200 by+4.93%.
Stochastic %K and %D was 86.57% and 85.24% and the average true range (ATR) pointed at 1.61. The RSI (14) points at 59.43%, while the 14-day stochastic is at 69.21% with the period’s ATR at 1.52. The stock’s 9-day MACD Oscillator is pointing at 0.92 and 1.86 on the 14-day charts.
In the most recent analyst report for The Cheesecake Factory Incorporated (NASDAQ: CAKE), Raymond James downgraded it to a Mkt perform rating. They previously had an Outperform rating on the stock. Analysts offering their rating for CAKE stock have a consensus rating for the stock as Hold. Currently, 3 brokerage advisors rate CAKE as a “sell,”, while 11 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 5 have offered a “buy” rating.
What is CAKE’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $28.00 and a high of $40.00, with their median price target at $35.00. Looking at these predictions, the average price target given by analysts is for The Cheesecake Factory Incorporated (CAKE) stock is $34.60.