$Cheesecake Factory(CAKE)$ 🔺🅱️ullish🔺
🍰🍒 Slicing Into CAKE’s Sweet Market Position ~ PEICE A CAKE’ 🍒🍰
Kia ora Tiger traders! Who’s got a sweet tooth for Cheesecake Factory (CAKE)? This stock is not just about desserts, it’s about serving up juicy market returns! I’ve taken a delicious bite at $40.77~but the icing on the cake is where we could be heading next. 🍰📈
🍰 Market Price Serving Today: $41.11 (+2.42%)
• The stock is up like a soufflé in a hot oven—perfectly timed entry! 🍮
🍴 CAKE Chart Breakdown: Ready for the Big Breakout?
Looking at the chart, CAKE is currently riding a bullish trend channel, well-supported by green upward lines—think of it as the stock’s stabilising crust that’ll hold as it rises! 📈 The next possible target? That sweet spot of $50. Get ready to drizzle some gains on that! 🍯
Key Levels:
🟢 Upside Resistance: Around $50—like that final layer of whipped cream waiting to be reached.
🔵 Support Zone: Solid $40—CAKE’s price isn’t crumbling below here anytime soon. 🍪
🔥 Analyst Recommendations: Are They Hungry for CAKE?
Let’s talk expert consensus:
• 🟢 Strong Buy: 33%—Analysts are drooling over the upside!
• 🟢 Buy: 5%—Minimal buy signals, but still a bite-sized opportunity!
• 🟡 Hold: 43%—The cheesecake is chilling in the fridge, waiting for the perfect time.
• 🔴 Sell: 19%—Who’s leaving the party early? 🤔 Not me!
🎯 Price Target: Can We Have Our Cake and Eat It Too?
• Average Target Price: $40.87 (We’re slightly overbaked at $41.11, but the future looks delicious!)
• 🍫 Highest Target: $50 (Sweet profits ahead, just like reaching for that last slice!)
🧁 Fun Cheesecake Factory Facts:
• 250+ menu items, but nothing tastes as good as those potential gains! 😋
• CAKE stock has been as resilient as a no-bake cheesecake—holding strong and rising steadily over time. 💪
🔥 Latest Analyst Quotes: Hot Off the Oven!
📊 “CAKE is showing momentum, with solid same-store sales growth—a clear sign that consumers still have a taste for it.” —Yahoo Finance Analyst
📊 “Inflation cooling means more dollars for dessert, and Cheesecake Factory is perfectly positioned to take advantage.” —Top Analyst on TradingView
🍒 Key Metrics for Hungry Investors:
• Forward PE: 12.49 (Attractive valuation!)
• EPS: 3.21 (Profits are baking nicely!)
• Historical Upside: 2.41% (Steady returns, like a consistent batter.)
🍽️ Capital Flow: Hungry Investors Filling Their Plates
Institutional investors are piling into this stock like it’s a bottomless brunch buffet. 📊 Short interest is declining, with 611.3K shares shorted, down from previous highs. That’s a bullish signal, folks—the bears are leaving the table! 🐻🚶♂️
🏆 Competition Heating Up: Top Competitors in the Restaurant Arena
• 🟢 Darden Restaurants: 47% Buy | 33% Hold | 20% Sell
• 🟡 Texas Roadhouse: 38% Buy | 40% Hold | 22% Sell
• 🔴 Bloomin’ Brands: 31% Buy | 42% Hold | 27% Sell
Hey Tiger Traders, are you ready to take a slice of these sweet returns? 🍰 Which topping would you add to CAKE’s breakout recipe—more volume, or just some whipped profits?
@TigerGPT With CAKE riding high, what’s the optimal technical strategy to maximise gains before we hit resistance at $50? Should we consider adding toppings (additional positions) at this price?
Happy trading ahead! Cheers, BC 🍀
@Tiger_comments @TigerPM @Daily_Discussion @TigerStars @TigerWire @TigerPicks @TigerOptions
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Cheesecake Factory (CAKE) Stock Analysis
*Company Overview and Industry:Cheesecake Factory (CAKE) is a well-known restaurant chain that specializes in serving delicious desserts, particularly cheesecakes. The company operates in the highly competitive restaurant industry, where it faces competition from other major players such as Darden Restaurants, Texas Roadhouse, and Bloomin' Brands.
*Business Growth:Cheesecake Factory has forecasted earnings for the fiscal years 2024, 2025, and 2026 as follows:
2024FY: Forecasted EPS of $3.21, forecasted gross income of $3.58 billion, and forecasting EBIT of $179.90 million.
2025FY: Forecasted EPS of $3.57, forecasted gross income of $3.79 billion, and forecasting EBIT of $198.70 million.
2026FY: Forecasted EPS of $3.85, forecasted gross income of $4.02 billion, and forecasting EBIT of $210.98 million.
*Stock Performance:
Support Price: The recent support level for CAKE is $38.64 (as of September 25, 2024).
Resistance Price: The recent resistance level for CAKE is $40.14 (as of September 25, 2024).
Average Cost: The average cost of CAKE stock is $37.69 (as of September 25, 2024).
Current Stock Price: The current market price for CAKE is $41.18 (as of September 27, 2024).
*Analyst Recommendations:
Strong Buy: 33% of analysts recommend a strong buy for CAKE.
Buy: 5% of analysts recommend a buy for CAKE.
Overall, the expert consensus suggests a positive sentiment towards CAKE, with analysts showing optimism and confidence in its growth potential.
*Capital Flow:Institutional investors have been showing interest in CAKE stock, indicating positive market sentiment. Over the past 5 days, capital flow data indicates the following:
September 19: Net outflow of $1868.63 thousand (bearish).
September 20: Net inflow of $4062.0 thousand (bullish).
September 23: Net outflow of $2274.75 thousand (bearish).
September 24: Net inflow of $369.57 thousand (bullish).
September 25: Net outflow of $377.47 thousand (bearish).
*Earnings Results:For the latest earnings release (2024Q2), the key financial indicators for CAKE were as follows:
EPS: $1.10
Return on Equity (ROE): 59.39%
Gross Profit Margin: 42.59%
Net Profit Margin: 5.80%
Quick Ratio: 0.21
Current Ratio: 0.43
Total Asset Turnover: 1.27
Inventory Turnover: 30.43
Return on Investment: 6.71%
Operating Cash Flow to Current Liabilities Ratio: 0.17
Fixed Asset Turnover: 1.70
Accounts Receivable Turnover Ratio: 48.87
Net Assets per Share: $7.35
Total Liabilities to Total Assets Ratio: 83.41%
*Bullish News Effects:As of now, there haven't been any specific bullish news articles or reports related to Cheesecake Factory (CAKE) that could directly impact its stock price and future growth.
Disclaimer:Please note that the above analysis is based on available information and historical data. It is important to consider that investing in the stock market involves inherent risks, and past performance is not indicative of future results. Therefore, independent analysis and careful consideration of personal investment goals and risk tolerance are essential before making any investment decisions.
Happy trading!
The cake is baking and will continue to fill my portfolio - piece a 🍰! Let's go Cake! You're A slice of heaven 🩵🧡🍰💥🚀
The cake is baking and will continue to fill my portfolio - piece a 🍰! Let's go Cake! You're A slice of heaven 🩵🧡🍰💥🚀
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