Cheesecake Factory Inc. (NASDAQ: CAKE) Trading above Its 20 Day MA ($34.55), Why Showing An Interesting Price Pattern?

Cheesecake Factory Inc. (NASDAQ:CAKE) does about 894.03K shares in volume on a normal day but saw 2507480 shares change hands in Friday’s trading. The company now has a market cap of 1.92B USD. Its current market price is $37.65, marking an increase of 4.41% compared to the previous close of $36.06. The 52 week high reached by this stock is $38.19 whilst the lowest price level in 52 weeks is $28.58.

Cheesecake Factory Inc. (CAKE) has a 20-day trading average at $34.55 and the current price is -1.41% off the 52-week high compared with 31.74% distance from its 52-week low. The 50-day simple moving average of the closing price is $35.18 and its 200-day simple moving average is $33.31. If we look at the stock’s price movements over the week, volatility stands at 3.34%, which decreases to 2.73% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 66.50 to suggest the stock is neutral.

The consensus objective for the share price is $38.19, suggesting that the stock has a potential upside of 1.41% over the period.

The company shares received a number of brokerage firm price updates over the past month, with the latest being on May 10, 2024 when Citigroup upgraded the stock to “Buy” and issued a price target of between $38 and $47. Raymond James also upgraded the stock to “Outperform” from Mkt Perform on May 09, 2024 at a price target of $42. Stephens resumed its price target at $44.

Cheesecake Factory Inc. (CAKE) stock is up 11.82% over the week and 11.26% over the past month. Its price is 7.54% year-to-date and 14.96% over the past year.

To reach the target analysts have set, the stock logically needs to grow 1.41 percent from here.

The company has a return on investment of 5.20% and return on equity of 33.69%. The price to earnings ratio (P/E ratio) amounts to 17.28 while the forward price to earnings ratio is 10.71. The beta has a value of 1.48. Price to book ratio is 5.77 and price to sales ratio is 0.55.