Cheesecake Factory Inc’s recently made public that its CHAIRMAN AND C.E.O. OVERTON DAVID unloaded Company’s shares for reported $12.57 million on Nov 08 ’24. In the deal valued at $46.65 per share,269,520 shares were sold. As a result of this transaction, OVERTON DAVID now holds 2,964,594 shares worth roughly $149.0 million.
Then, OVERTON DAVID bought 269,520 shares, generating $12,546,156 in total proceeds.
Before that, Carango Keith sold 13,095 shares. Cheesecake Factory Inc shares valued at $653,237 were divested by the PRESIDENT (SUBSIDIARY) at a price of $49.88 per share. As a result of the transaction, Carango Keith now holds 14,977 shares, worth roughly $0.75 million.
Goldman initiated its Cheesecake Factory Inc [CAKE] rating to a Buy in a research note published on December 05, 2024; the price target was $56. A number of analysts have revised their coverage, including Stephens’s analysts, who remained covering the stock and in mid May has reiterated a ‘”an Overweight”‘ rating for it. Citigroup also remained covering CAKE and has increased its forecast on May 10, 2024 with a “Buy” recommendation from previously “Neutral” rating. Raymond James revised its rating on May 09, 2024. It rated CAKE as “an Outperform” which previously was an “a Mkt perform”.
Price Performance Review of CAKE
On Monday, Cheesecake Factory Inc [NASDAQ:CAKE] saw its stock jump 1.58% to $50.26. Over the last five days, the stock has gained 4.73%. Cheesecake Factory Inc shares have risen nearly 5.94% since the year began. Nevertheless, the stocks have risen 50.34% over the past one year. While a 52-week high of $52.10 was reached on 01/06/25, a 52-week low of $31.24 was recorded on 01/02/25. SMA at 50 days reached $47.93, while 200 days put it at $40.37.
Levels Of Support And Resistance For CAKE Stock
The 24-hour chart illustrates a support level at 49.51, which if violated will result in even more drops to 48.77. On the upside, there is a resistance level at 50.76. A further resistance level may holdings at 51.26. The Relative Strength Index (RSI) on the 14-day chart is 58.30, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.75, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 31.05%. Stochastics %K at 51.88% indicates the stock is a holding.
How much short interest is there in Cheesecake Factory Inc?
A steep rise in short interest was recorded in Cheesecake Factory Inc stocks on 2024-12-13, growing by 0.19 million shares to a total of 6.12 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-15 was 5.93 million shares. There was a rise of 3.03%, which implies that there is a positive sentiment for the stock.
