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 May 8, 2024, CAKE stock price declined to $33.97 with 1,459,992 million shares trading.

CAKE has a beta of 1.01, meaning it tends to be more sensitive to market movements. CAKE has a correlation of 0.20 to the broad based SPY ETF.

CAKE has a market cap of $1.73 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 $63.77 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 has underperformed the market in the last year with a price return of +6.9% while the SPY ETF gained +27.0%. CAKE has also underperformed the stock market ETF in the last 3 month and 2 week periods returning +0.1% and -4.3%, respectively, while the SPY returned +4.2% and +2.3%, respectively.

CAKE support price is $33.42 and resistance is $34.62 (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.