A new trading day began on Tuesday, with Cheesecake Factory Inc (NASDAQ: CAKE) stock price up 2.59% from the previous day of trading, before settling in for the closing price of $45.55. CAKE’s price has ranged from $30.04 to $49.75 over the past 52 weeks.
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During the last 5-year period, the sales growth of Consumer Cyclical Sector giant was 10.18%. Meanwhile, its annual earnings per share averaged 22.51%. With a float of $47.06 million, this company’s outstanding shares have now reached $50.65 million.
Let’s determine the extent of company efficiency that accounts for 47900 employees. In terms of profitability, gross margin is 12.22%, operating margin of 5.84%, and the pretax margin is 3.71%.
Cheesecake Factory Inc (CAKE) Insider Activity
As we move forward, let’s examine how large-scale investors are investing in this stock of the Restaurants Industry. The insider ownership of Cheesecake Factory Inc is 7.50%, while institutional ownership is 93.06%. The most recent insider transaction that took place on May 14 ’24, was worth 151,761. In this transaction PRESIDENT (SUBSIDIARY) of this company sold 3,785 shares at a rate of $40.10, taking the stock ownership to the 28,072 shares.
Cheesecake Factory Inc (CAKE) Earnings and Forecasts
In its latest quarterly report, released on 9/30/2024, the company reported earnings of 0.8 per share, which was $0.1 higher than the consensus estimate of $0.26. In terms of return on equity, this company recorded -19.55% in contrast with 50.0% return on Investment (trailing twelve months). Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.86 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 22.51% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 13.90% during the next five years compared to -0.73% drop over the previous five years of trading.
Cheesecake Factory Inc (NASDAQ: CAKE) Trading Performance Indicators
Here are Cheesecake Factory Inc’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 0.33. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.67. Likewise, its price to free cash flow for the trailing twelve months is 33.95.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 2.63, a number that is poised to hit 0.92 in the next quarter and is forecasted to reach 3.67 in one year’s time.
Technical Analysis of Cheesecake Factory Inc (CAKE)
Looking closely at Cheesecake Factory Inc (NASDAQ: CAKE), its last 5-days average volume was 1.61 million, which is a jump from its year-to-date volume of 0.96 million. As of the previous 9 days, the stock’s Stochastic %D was 58.85%. Additionally, its Average True Range was 1.52.
During the past 100 days, Cheesecake Factory Inc’s (CAKE) raw stochastic average was set at 81.42%, which indicates a significant increase from 66.57% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 40.12% in the past 14 days, which was higher than the 36.92% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $40.52, while its 200-day Moving Average is $37.61. However, in the short run, Cheesecake Factory Inc’s stock first resistance to watch stands at $47.26. Second resistance stands at $47.78. The third major resistance level sits at $48.69. If the price goes on to break the first support level at $45.82, it is likely to go to the next support level at $44.91. Should the price break the second support level, the third support level stands at $44.39.
Cheesecake Factory Inc (NASDAQ: CAKE) Key Stats
With a market capitalization of 2.38 billion, the company has a total of 50,958K Shares Outstanding. Currently, annual sales are 3,440 M while annual income is 101,350 K. The company’s previous quarter sales were 865,470 K while its latest quarter income was 29,990 K.
