In last trading session, The Cheesecake Factory Incorporated (NASDAQ:CAKE) saw 1,361,862 shares changing hands with its beta currently measuring 1.7. Company’s recent per share price level of $29.94 trading at $0.89 or 3.06% at ring of the bell on the day assigns it a market valuation of $1.36 Billion. That closing price of CAKE’s stock is at a discount of -51.1% from its 52-week high price of $45.24 and is indicating a premium of 51.5% from its 52-week low price of $14.52. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 1.43 Million shares which gives us an average trading volume of 1.53 Million if we extend that period to 3-months.
For The Cheesecake Factory Incorporated (CAKE), analysts’ consensus is at an average recommendation of Hold while assigning it a mean rating of 3. Splitting up the data highlights that, out of 22 analysts covering the stock, 4 rated the stock as a Sell while none recommended an Overweight rating for the stock. 14 suggested the stock as a Hold whereas 3 see the stock as a Buy. 1 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of -$0.42 in the current quarter.
The Cheesecake Factory Incorporated (NASDAQ:CAKE) trade information
Upright in the green today for gaining 3.06%, in the last five days CAKE remained trading in the green while hitting it’s week-highest on Friday, Oct 23 when the stock touched $33.81- price level, adding 11.44% to its value on the day. The Cheesecake Factory Incorporated’s shares saw a change of -22.95% in year-to-date performance and have moved -10.33% in past 5-day. The Cheesecake Factory Incorporated (NASDAQ:CAKE) showed a performance of 10.68% in past 30-days. Number of shares sold short was 12.88 Million shares which calculate 8.42 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of $28.56 to the stock, which implies targetted prices is already lagging behind -4.61% to its current value. Analysts have been projecting $18 as a low price target for the stock while placing it at a high target of $38. It follows that stock’s current price would jump +26.92% in reaching the projected high whereas dropping to the targeted low would mean a loss of -39.88% for stock’s current value.
The Cheesecake Factory Incorporated (CAKE) estimates and forecasts
Statistics highlight that The Cheesecake Factory Incorporated is scoring comparatively lower than the scores of other players of the relevant industry. The company added +48.73% of value to its shares in past 6 months, showing an annual growth rate of -146.36% while that of industry is -17. Apart from that, the company came lowering its revenue forecast for fiscal year 2020. The company is estimating its revenue growth to decline by -171.2% in the current quarter and calculating -94.8% decline in the next quarter. This year revenue growth is estimated to drop -19.9% from the last financial year’s standing.
17 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $489.97 Million for the same. And 17 analysts are in estimates of company making revenue of $590.17 Million in the next quarter that will end in December 01, 2020. Company posted $586.54 Million and $694.03 Million of sales in current and next quarters respectively a year earlier. Analysts are expecting this quarter sales to drop by -16.5% while estimating it to be -15% for the next quarter.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of 7.8% during past 5 years. In 2020, company’s earnings growth rate is likely to be around 33.4% while estimates for its earnings growth in next 5 years are of -10.07%
The Cheesecake Factory Incorporated (NASDAQ:CAKE)’s Major holders
Insiders are in possession of 7.06% of company’s total shares while institution are holding 101.82% percent of that, with stock having share float percentage of 109.56%. Investors also watch the number of corporate investors in a company very closely, which is 344 institutions for The Cheesecake Factory Incorporated that are currently holding shares of the company. Blackrock Inc. is the top institutional holder at CAKE for having 7.17 Million shares of worth $164.36 Million. And as of June 29, 2020, it was holding 15.77% of the company’s outstanding shares.
The second largest institutional holder is Vanguard Group, Inc. (The), which was holding about 4.29 Million shares on June 29, 2020. The number of shares represents firm’s hold over 9.43% of outstanding shares, having a total worth of $98.23 Million.
On the other hand, iShares Core S&P Smallcap ETF and Baron Small Cap Fund are the top two Mutual Funds which own company’s shares. As of September 29, 2020, the former fund manager was holding 2595986 shares of worth $72.01 Million or 5.71% of the total outstanding shares. The later fund manager was in possession of 1.35 Million shares on June 29, 2020, making its stake of worth around $30.94 Million in the company or a holder of 2.97% of company’s stock.