The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Cheesecake Factory Inc shares valued at $2,783,812 were purchased by Carango Keith on May 28 ’25. At $55.12 per share, Carango Keith acquired 50,500 shares.
Also, MATTHEW E CLARK purchased 42,900 shares, netting a total of over 2,402,400 in proceeds.
Before that, Gordon David M had sold 76,878 shares from its account. In a trade valued at $3,881,092, the PRESIDENT traded Cheesecake Factory Inc shares for $50.48 each. Upon closing the transaction, the insider’s holdings decreased to 76,878 shares, worth approximately $1.9 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 surge of approximately 2.78%. Over the course of the year, Cheesecake Factory Inc shares have jumped approximately 16.21%. Shares of the company reached a 52-week high of $57.32 on 02/04/25 and a 52-week low of $42.69 on 04/07/25.
Support And Resistance Levels for Cheesecake Factory Inc (CAKE)
According to the 24-hour chart, there is a support level at 54.39, which, if violated, would cause prices to drop to 53.66. In the upper region, resistance lies at 55.86. The next price resistance is at 56.60. RSI (Relative Strength Index) is 61.43 on the 14-day chart, showing neutral technical sentiment.
