The Cheesecake Factory Incorporated (CAKE) Shares are Down -4.65%

The Cheesecake Factory Incorporated (CAKE) : During the past 4 weeks, traders have been relatively bearish on The Cheesecake Factory Incorporated (CAKE), hence the stock is down -1.85% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -4.81% relative to the S&P 500. The 4-week change in the price of the stock is -2.38% and the stock has fallen -4.65% in the past 1 week.

The stock has recorded a 20-day Moving Average of 1.2% and the 50-Day Moving Average is 2.28%.The 200 Day SMA reached 0.57%

The

The Cheesecake Factory Incorporated (NASDAQ:CAKE): After opening at $49.72, the stock dipped to an intraday low of $49.5 on Friday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $50.22 and the buying power remained strong till the end. The stock closed at $50.06 for the day, a gain of 0.95% for the day session. The total traded volume was 562,794. The stocks close on the previous trading day was $50.06.

The Cheesecake Factory Incorporated (CAKE) : The most positive equity analysts on The Cheesecake Factory Incorporated (CAKE) expects the shares to touch $60, whereas, the least positive believes that the stock will trade at $43 in the short term. The company is covered by 10 Wall Street Brokerage Firms. The average price target for shares are $53.8 with an expected fluctuation of $4.83 from the mean.

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.