CAKE Stock Summary and Trading Ideas (Cheesecake Factory | NASDAQ:CAKE)

Cheesecake Factory Inc owns and operates restaurants in the United States and Canada under brands that include The Cheesecake Factory, North Italia, and a collection within the Fox Restaurants Concepts subsidiary. The company's international presence, in the Middle East and Mexico, is through licensing agreements with third parties. The company also has a bakery division that produces cheesecakes and other baked products for sale in its restaurants, international licensees, and third-party bakery customers. The company has four operating business segments: The Cheesecake Factory restaurants, North Italia, other FRC, and Flower Child. Majority of the company's revenue comes from The Cheesecake Factory restaurants segment.

Cheesecake Factory trades on the NASDAQ stock market under the symbol CAKE.

As of April 24, 2024, CAKE stock price declined to $35.38 with 86,800 million shares trading.

CAKE has a beta of 1.00, meaning it tends to be less sensitive to market movements. CAKE has a correlation of 0.20 to the broad based SPY ETF.

CAKE has a market cap of $1.80 billion. This is considered a Small Cap stock.

Last quarter Cheesecake Factory reported $877 million in Revenue and $.80 earnings per share. This fell short of revenue expectation by $-1 million and exceeded earnings estimates by $.06.

In the last 3 years, CAKE stock traded as high as $65.81 and as low as $26.05.

The top ETF exchange traded funds that CAKE belongs to (by Net Assets): IJR, VTI, VB, IWM, VBR.

CAKE stock has underperformed the market in the last year with a return of +9.8%, while SPY returned +24.2%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in CAKE shares. However, CAKE has outperformed the market in the last 3 month and 2 week periods, returning +5.6% and +2.8%, while SPY returned +4.6% and -2.7%, respectively. This indicates CAKE has been having a stronger performance recently.

CAKE support price is $34.77 and resistance is $36.19 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that CAKE stock will trade within this expected range on the day.