The Cheesecake Factory Incorporated (NASDAQ:CAKE) has a beta value of 1.75 and has seen 0.75 million shares traded in the last trading session. The company, currently valued at $2.44B, closed the last trade at $45.52 per share which meant it lost -$1.15 on the day or -2.46% during that session. The CAKE stock price is -44.57% off its 52-week high price of $65.81 and 41.85% above the 52-week low of $26.47. If we look at the company’s 10-day average daily trading volume, we find that it stood at 1.02 million shares traded. The 3-month trading volume is 1.31 million shares.
The consensus among analysts is that The Cheesecake Factory Incorporated (CAKE) is a Hold stock at the moment, with a recommendation rating of 2.50. 2 analysts rate the stock as a Sell, while 2 rate it as Overweight. 10 out of 20 have rated it as a Hold, with 6 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is $0.73.
The Cheesecake Factory Incorporated (NASDAQ:CAKE) trade information
Sporting -2.46% in the red in last session, the stock has traded in the red over the last five days, with the highest price hit on Friday, 09/03/21 when the CAKE stock price touched $45.52 or saw a rise of 4.57%. Year-to-date, The Cheesecake Factory Incorporated shares have moved 22.83%, while the 5-day performance has seen it change -2.49%. Over the past 30 days, the shares of The Cheesecake Factory Incorporated (NASDAQ:CAKE) have changed 3.15%. Short interest in the company has seen 5.65 million shares shorted with days to cover at 3.88.
Wall Street analysts have a consensus price target for the stock at $55.40, which means that the shares’ value could jump 17.83% from current levels. The projected low price target is $45.00 while the price target rests at a high of $65.00. In that case, then, we find that the current price level is -42.79% off the targeted high while a plunge would see the stock lose 1.14% from current levels.
The Cheesecake Factory Incorporated (CAKE) estimates and forecasts
Figures show that The Cheesecake Factory Incorporated shares have outperformed across the wider relevant industry. The company’s shares have lost -22.77% over the past 6 months, with this year growth rate of 268.46%, compared to 33.20% for the industry. Other than that, the company has, however, increased its growth outlook for the 2021 fiscal year revenue. Growth estimates for the current quarter are 321.20% and 328.10% for the next quarter. Revenue growth from the last financial year stood is estimated to be 48.00%.
15 analysts offering their estimates for the company have set an average revenue estimate of $765.32 million for the current quarter. 15 have an estimated revenue figure of $778.89 million for the next quarter concluding in Dec 2021. Year-ago sales stood $517.72 million and $554.55 million respectively for this quarter and the next, and analysts expect sales will grow by 47.80% for the current quarter and 40.50% for the next.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was -36.50% over the past 5 years. Earnings growth for 2021 is a modest -321.00% while over the next 5 years, the company’s earnings are expected to decrease by -10.00%.
The Cheesecake Factory Incorporated is expected to release its next earnings report between October 27 and November 01 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
The Cheesecake Factory Incorporated (NASDAQ:CAKE)’s Major holders
Insiders own 6.77% of the company shares, while shares held by institutions stand at 81.30% with a share float percentage of 87.20%. Investors are also buoyed by the number of investors in a company, with The Cheesecake Factory Incorporated having a total of 355 institutions that hold shares in the company. The top two institutional holders are Blackrock Inc. with over 7.46 million shares worth more than $404.12 million. As of Jun 29, 2021, Blackrock Inc. held 14.29% of shares outstanding.
The other major institutional holder is Vanguard Group, Inc. (The), with the holding of over 4.98 million shares as of Jun 29, 2021. The firm’s total holdings are worth over $269.76 million and represent 9.54% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are iShares Core S&P Smallcap ETF and Vanguard Total Stock Market Index Fund. As of Jun 29, 2021, the former fund manager holds about 5.96% shares in the company for having 3.11 million shares of worth $168.57 million while later fund manager owns 1.16 million shares of worth $67.95 million as of Mar 30, 2021, which makes it owner of about 2.23% of company’s outstanding stock.