The Cheesecake Factory Incorporated (CAKE) : Traders are bullish on The Cheesecake Factory Incorporated (CAKE) as it has outperformed the S&P 500 by a margin of 1.08% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 3.08%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 3.71% in the last 1 week, and is up 7.9% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The Cheesecake Factory Incorporated (NASDAQ:CAKE): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $51.44 and $51.44 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $53.10. The buying momentum continued till the end and the stock did not give up its gains. It closed at $52.84, notching a gain of 2.30% for the day. The total traded volume was 828,523 . The stock had closed at $51.65 on the previous day.
The stock has recorded a 20-day Moving Average of 6.45% and the 50-Day Moving Average is 6.27%. The Cheesecake Factory Incorporated is up 4.34% in the last 3-month period. Year-to-Date the stock performance stands at 15.51%.
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.