Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Cheesecake Factory Inc shares valued at $1,553,315 were sold by Clark Matthew Eliot on Feb 27 ’25. At $53.56 per share, Clark Matthew Eliot sold 29,000 shares. The insider’s holdings dropped to 39,856 shares worth approximately $1.9 million following the completion of this transaction.
Also, Clark Matthew Eliot sold 19,000 shares, netting a total of over 1,026,000 in proceeds. Following the sale of shares at $54.00 each, the insider now holds 39,856 shares.
Before that, OVERTON DAVID had sold 100,000 shares from its account. In a trade valued at $5,308,310, the CHAIRMAN AND C.E.O. traded Cheesecake Factory Inc shares for $53.08 each. Upon closing the transaction, the insider’s holdings decreased to 100,000 shares, worth approximately $147.43 million.
As published in a research note from Oppenheimer on January 07, 2025, Cheesecake Factory Inc [CAKE] has been rated up from a Perform to an Outperform and the price target has been revised to $65. Analysts at Goldman started covering the stock with ‘”a Buy”‘ outlook in a report released in early December. As of May 15, 2024, Stephens has reiterated its “an Overweight” rating for CAKE. Earlier on May 10, 2024, Citigroup upgraded its rating. Their new recommendation was “a Buy” for CAKE stock which previously was a “a Neutral”.
Analyzing CAKE Stock Performance
During the last five days, there has been a drop of approximately -4.51%. Over the course of the year, Cheesecake Factory Inc shares have jumped approximately 0.51%. Shares of the company reached a 52-week high of $57.32 on 02/04/25 and a 52-week low of $46.42 on 03/12/25. A 50-day SMA is recorded $51.65, while a 200-day SMA reached $44.00.
Support And Resistance Levels for Cheesecake Factory Inc (CAKE)
According to the 24-hour chart, there is a support level at 46.79, which, if violated, would cause prices to drop to 45.91. In the upper region, resistance lies at 48.19. The next price resistance is at 48.71. RSI (Relative Strength Index) is 36.70 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -3.34, which suggests the price will decrease in the coming days. Percent R is at 87.57%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
