The Cheesecake Factory Incorporated (CAKE) Shares are Up 0.67%

The Cheesecake Factory Incorporated (CAKE) has been under a strong bear grip, hence the stock is down -0.71% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 0.62% in the past 1 week. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 0.67% in the last 1 week, and is up 0.31% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.

The stock has recorded a 20-day Moving Average of 0.04% and the 50-Day Moving Average is 2.16%. The Cheesecake Factory Incorporated (NASDAQ:CAKE): On Fridays trading session , Opening price of the stock was $51.45 with an intraday high of $51.701. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $50.99. However, the stock managed to close at $51.11, a loss of 0.66% for the day. On the previous day, the stock had closed at $51.45. The total traded volume of the day was 710,881 shares.


The company Insiders own 8.5% of The Cheesecake Factory Incorporated shares according to the proxy statements. Institutional Investors own 88.56% of The Cheesecake Factory Incorporated shares. Also, Major Brokerage house, Barclays maintains its ratings on The Cheesecake Factory Incorporated (NASDAQ:CAKE). In the latest research report, Barclays raises the target price from $53 per share to $54 per share. According to the latest information available, the shares are now rated Equalweight by the analysts at the agency. The rating by the firm was issued on July 28, 2016.

The Cheesecake Factory Incorporated is engaged in the restaurant and bakery business. The Company operates approximately 189 Company-owned restaurants: 177 under The Cheesecake Factory mark, 11 under the Grand Lux Cafe mark and one under the RockSugar Pan Asian Kitchen mark. It also operates two bakery production facilities, which produce desserts for its restaurants, international licensees and third-party bakery customers. The Company sells baked goods internationally under both The Cheesecake Factory and The Dream Factory brands in 24 countries, including to licensed The Cheesecake Factory restaurants. Items produced for outside accounts are marketed under The Cheesecake Factory brand, The Dream Factory brand, The Cheesecake Factory Bakery brand and other private labels.

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