*Short* This has been a great performing stock. It is at a 52-week high today, but thinks it has peaked out, both on the margins and the dairy portion. It has been one of the few restaurant chains that has been able to raise prices, but that is pretty much tapped out. Also, they are 90% impacted with the whole mall experience in a secular decline. He is not looking for a big hit on this, but something back into the $50s or high $40 level. Yield of 1.57%. (Analysts’ price target is $58.40.)
Cheesecake Factory Inc (The) is a American stock, trading under the symbol CAKE-Q on the NASDAQ (CAKE). It is usually referred to as NASDAQ:CAKE or CAKE-Q
In the last year, there was no coverage of Cheesecake Factory Inc (The) published on Stockchase.
Cheesecake Factory Inc (The) was recommended as a Top Pick by on . Read the latest stock experts ratings for Cheesecake Factory Inc (The).
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0 stock analysts on Stockchase covered Cheesecake Factory Inc (The) In the last year. It is a trending stock that is worth watching.
On 2023-02-15, Cheesecake Factory Inc (The) (CAKE-Q) stock closed at a price of $38.72.
It was trading at $49 when a large order occurred; he started started buying $55 October calls. Today, it's making a nice 3-4% move. It's more than tripled since the Covid bottom. He will hold them for two months.