The Cheesecake Factory Incorporated (CAKE) Shares are Up 1.96%

The Cheesecake Factory Incorporated (CAKE) has been under a strong bear grip, hence the stock is down -1.76% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 1.99% in the past 1 week. The stock has risen by 1.96% in the past week indicating that the buyers are active at lower levels, but the stock is down -1.38% in the past 4 weeks.

The Cheesecake Factory Incorporated is up 7.27% in the last 3-month period. Year-to-Date the stock performance stands at 14.45%. The stock has recorded a 20-day Moving Average of 1.49% and the 50-Day Moving Average is 3.76%.


The Cheesecake Factory Incorporated (NASDAQ:CAKE): The stock opened at $52.49 on Friday but the bulls could not build on the opening and the stock topped out at $52.49 for the day. The stock traded down to $52.02 during the day, due to lack of any buying support eventually closed down at $52.11 with a loss of -0.99% for the day. The stock had closed at $52.63 on the previous day. The total traded volume was 464,368 shares.

Also, Barclays maintains its rating on The Cheesecake Factory Incorporated (NASDAQ:CAKE). The global brokerage major raises the current price target from $53 per share to $54 per share. Analysts at the Barclays have a current rating of Equalweight on the shares. The rating by the firm was issued on July 28, 2016.

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.

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