Cheesecake Factory Inc’s recently made public that its EXEC VP, CFO Clark Matthew Eliot unloaded Company’s shares for reported $1.55 million on Feb 27 ’25. In the deal valued at $53.56 per share,29,000 shares were sold. As a result of this transaction, Clark Matthew Eliot now holds 39,856 shares worth roughly $1.94 million.
Then, Clark Matthew Eliot sold 19,000 shares, generating $1,026,000 in total proceeds. Upon selling the shares at $54.00, the EXEC VP, CFO now owns 39,856 shares.
Before that, OVERTON DAVID sold 100,000 shares. Cheesecake Factory Inc shares valued at $5,308,310 were divested by the CHAIRMAN AND C.E.O. at a price of $53.08 per share. As a result of the transaction, OVERTON DAVID now holds 3,092,147 shares, worth roughly $150.59 million.
Oppenheimer upgraded its Cheesecake Factory Inc [CAKE] rating to an Outperform from a a Perform in a research note published recently. A number of analysts have revised their coverage, including Goldman’s analysts, who began to cover the stock in early December with a ‘”a Buy”‘ rating. Stephens also remained covering CAKE and reiterated its “an Overweight” recommendation on May 15, 2024. Citigroup revised its rating on May 10, 2024. It rated CAKE as “a Buy” which previously was an “a Neutral”.
Price Performance Review of CAKE
On Friday, Cheesecake Factory Inc [NASDAQ:CAKE] saw its stock jump 0.35% to $48.70. Over the last five days, the stock has gained 5.43%. Cheesecake Factory Inc shares have risen nearly 2.66% since the year began. Nevertheless, the stocks have risen 34.75% over the past one year. While a 52-week high of $57.32 was reached on 02/04/25, a 52-week low of $33.05 was recorded on 03/13/25. SMA at 50 days reached $51.43, while 200 days put it at $44.32.
Levels Of Support And Resistance For CAKE Stock
The 24-hour chart illustrates a support level at 47.68, which if violated will result in even more drops to 46.65. On the upside, there is a resistance level at 49.30. A further resistance level may holdings at 49.89. The Relative Strength Index (RSI) on the 14-day chart is 46.12, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.52, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 42.36%. Stochastics %K at 44.04% 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 2025-02-28, growing by 1.47 million shares to a total of 8.13 million shares. Yahoo Finance data shows the prior-month short interest on 2025-01-31 was 6.65 million shares. There was a rise of 18.13%, which implies that there is a positive sentiment for the stock.
