A Guide To The Risks Of Investing In The Cheesecake Factory Incorporated (CAKE)


In a filing, The Cheesecake Factory Incorporated revealed its Director Ames Edie A acquired Company’s shares for reported $0.13 million on Dec 08. In the deal valued at $32.25 per share,4,000 shares were bought. As a result of this transaction, Ames Edie A now holds 12,500 shares worth roughly $ 0.48 million.

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Then, PITTAWAY DAVID BRUCE bought 500 shares, generating $17,255 in total proceeds. Upon buying the shares at $34.51, the Director now owns 15,101 shares.

Before that, CAPPELLO ALEXANDER L bought 400 shares. The Cheesecake Factory Incorporated shares valued at $16,276 were divested by the Director at a price of $40.69 per share. As a result of the transaction, CAPPELLO ALEXANDER L now holds 5,716 shares, worth roughly $0.22 million.

UBS downgraded its The Cheesecake Factory Incorporated [CAKE] rating to a Sell from a a Neutral in a research note published on Friday. PT values the company’s stock at a premium of -27.9 to its Friday closing price. A number of analysts have revised their coverage, including Raymond James’s analysts, who decreased its forecast for the stock in late January from “an Outperform” to “a Mkt perform”. Gordon Haskett also remained covering CAKE and has decreased its forecast on January 17, 2023 with a “Hold” recommendation from previously “Buy” rating. Citigroup revised its rating on January 17, 2023. It rated CAKE as “a Neutral” which previously was an “a Buy”.

Price Performance Review of CAKE

On Friday, The Cheesecake Factory Incorporated [NASDAQ:CAKE] saw its stock fall -0.60% to $38.37. On the same session, the stock had its day’s lowest price of $38.00, but rose to a high of $39.34. Over the last five days, the stock has lost -5.07%. The Cheesecake Factory Incorporated shares have risen nearly 21.00% since the year began. Nevertheless, the stocks have fallen -5.52% over the past one year. While a 52-week high of $43.29 was reached on 02/02/23, a 52-week low of $26.05 was recorded on 01/03/23. SMA at 50 days reached $36.66, while 200 days put it at $32.79. A total of 1.29 million shares were traded, compared to the trading of 1.75 million shares in the previous session.

Levels Of Support And Resistance For CAKE Stock

The 24-hour chart illustrates a support level at 37.80, which if violated will result in even more drops to 37.23. On the upside, there is a resistance level at 39.14. A further resistance level may holdings at 39.91. The Relative Strength Index (RSI) on the 14-day chart is 49.35, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.19, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 64.99%. Stochastics %K at 53.94% indicates the stock is a holding.

How much short interest is there in The Cheesecake Factory Incorporated?

A steep rise in short interest was recorded in The Cheesecake Factory Incorporated stocks on Jan 30, 2023, growing by 0.16 million shares to a total of 9.32 million shares. Yahoo Finance data shows the prior-month short interest on Dec 29, 2022 was 9.16 million shares. There was a rise of 1.72%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 26.87% of the overall stock float, the days-to-cover ratio (short ratio) rose to 7.98.

The Cheesecake Factory Incorporated [CAKE] – Who Are The Largest Shareholders?

In filings from BlackRock Fund Advisors, it is revealed that the company now owns 7,244,840 shares, or roughly 14.09% of the outstanding CAKE shares. In other words, the investor’s shares have fallen by -238,850 from its previous 13-F filing of 7483690.0. Additionally, The Vanguard Group, Inc. increased 2.41% of its stake after which the total value it holdings stand at $212,132,277, while Kayne Anderson Rudnick Investment reduced -5.92% of its stake to hold $148.28 million in the firm. Over the last quarter, BAMCO, Inc. sold -207,146 shares of The Cheesecake Factory Incorporated, while EARNEST Partners LLC sold 2,789,920 shares. At present, Frontier Capital Management Co. L is holding 2,260,022 shares valued at $88.71 million. Westfield Capital Management Co. owned 1,826,799 shares of the company at the time of its most recent 13F filing, worth $71.7 million.

According to FactSet, The Cheesecake Factory Incorporated’s share price will average $38.38 in the next year, based on opinions of analysts polled by the firm. This is up nearly 1.04 percent from its previous closing price of $38.60. Analysts expect The Cheesecake Factory Incorporated stock to reach the higher price of $46.00, while the lowest price estimate is $30.00. However, 17 analysts have rated CAKE stock as a Hold in their predictions for 2023.


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