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The Cheesecake Factory Incorporated (NASDAQ: CAKE) Is A Buzzing Hot Stock

The Cheesecake Factory Incorporated (NASDAQ:CAKE) traded at $37.65 at close of the session on Tuesday, 01/24/23, made a downward move of -8.01% on its previous day’s price.

Looking at the stock we see that its previous close was $40.93 and the beta (5Y monthly) reads 1.39 with the day’s price range being $36.94 – $40.04. The company has a trailing 12-month PE ratio of 38.62. In terms of its 52-week price range, CAKE has a high of $44.65 and a low of $26.05. The company’s stock has gained about 20.60% over that past 30 days.

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The Cheesecake Factory Incorporated has a market cap of $1.86 billion and is expected to release its quarterly earnings report on Feb 14, 2023 – Feb 20, 2023. With its Forward Dividend at 1.08 and a yield of 2.87%, the company’s investors could be anxious for the CAKE stock to gain ahead of the earnings release. Estimates by analysts give the company expected earnings per share (EPS) of $0.57, with the EPS growth for the year raised at $1.58 for 2022 and $2.89 for next year. These figures represent -25.80% and 82.90% growth in EPS for the two years respectively.

Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at $902.21 million, with a low of $892.6 million and a high of $915.2 million. The median projection represents growth squeezing down to 16.20% compared to sales growth for the corresponding quarter a year ago. According to analyst consensus estimates figures, the company’s yearly revenue forecast for 2022 is expected to hit $3.31 billion, or 13.20% up from figures reported last year.

There have been 1 upward and no downward revisions for the stock’s EPS in last 7 days, something that reflects the nature of company’s price movement in short term. On the other hand, looking at the outlook for the CAKE stock, short term indicators assign the stock an average of 100% Buy, while medium term indicators assign it an average of 100% Buy. Long term indicators on average place the stock in the category of 100% Buy.

Based on estimates by 19 analysts, where scores have ranged from 1.00 for a strong buy to 5.00 for a strong sell, 11 have rated the The Cheesecake Factory Incorporated (CAKE) stock as a Hold, while 5 rate it as a Buy. 0 analyst(s) rate it as overweight while 0 of them rated it as underweight, whereas 3 suggest the stock as a Sell. The stock has an overall rating of Hold and investors could take advantage and scoop up stock of the company.

Looking further, we note that the PEG ratio for the CAKE stock currently stands at 2.12, and the current price level is 6.01% off its SMA20 and 8.05% from its 50-day simple moving average. The RSI (14) is pointing at 56.51 while the volatility over the past week is 4.67% and jumps to 3.95% over the past one month. The beta value is 1.41, while the average true range (ATR) is currently pointing at 1.61. The average price target for the stock over the next 12 months is $34.60, with the estimates having a low of $28.00 and a high of $40.00. These price ends are 25.63% and -6.24% off the current price level respectively, although investors could be excited at the prospect of a 7.04% if the CAKE share price touches on the median price of $35.00.

Let’s briefly compare The Cheesecake Factory Incorporated (CAKE) stock to its peers. We find that current price change of -8.01% and 6.00% over the past 12 months for CAKE competes that of Chipotle Mexican Grill Inc. (CMG), which has seen its stock price fall -0.14% in the last trading session and was 15.72% over the last one year. Another of its peers Arcos Dorados Holdings Inc. (ARCO) has gained 2.53% previous session, and was 59.39% up over the past year, while Brinker International Inc. (EAT) was also down -1.98% in the last session, while its price remained in the green at 14.82% over the same period. The Cheesecake Factory Incorporated has a P/E ratio of 38.62 compared to Chipotle Mexican Grill Inc.’s 55.52 and Arcos Dorados Holdings Inc.’s 14.30. In contrast to these companies, both the S&P 500 Index and the Dow Jones Industrial were at -0.07% and 0.31%, respectively, at close of the trading.

Coming back to The Cheesecake Factory Incorporated (NASDAQ:CAKE), we note that the average 3-month trading volume was 1.09 million, while that of the preceding 10-day period stands at 1.11 million. Current shares outstanding are 49.65 million.

The insiders hold 7.16% of the company’s shares while institutions hold 91.70%. The data shows that short shares as of Dec 29, 2022, stood at 9.16 million at a short ratio of 9.37. This represents a 17.81% short interest in shares outstanding on Dec 29, 2022. Shares short rose in December from the previous month at 8.49 million. Investors should be excited about this stock as its upside potential is great, with current price pushing the stock 18.73% up in year-to-date price movement.

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