The Cheesecake Factory Incorporated (CAKE) Shares Slide -2.1%

The Cheesecake Factory Incorporated (CAKE) has risen sharply, recording gains of 8.36% in the past 4 weeks. However, the stock has corrected -2.1% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 4.84% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.

The stock has recorded a 20-day Moving Average of 2.43% and the 50-Day Moving Average is 3.72%. The Cheesecake Factory Incorporated is up 1.81% in the last 3-month period. Year-to-Date the stock performance stands at 13.08%.


The Cheesecake Factory Incorporated (NASDAQ:CAKE): On Fridays trading session , Opening price of the stock was $52.31 with an intraday high of $52.53. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $51.27. However, the stock managed to close at $51.73, a loss of 0.88% for the day. On the previous day, the stock had closed at $52.19. The total traded volume of the day was 1,178,088 shares.

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.

Leave a Reply

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.