Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model. NEW YORK ( TheStreet) -- Cheesecake Factory (Nasdaq: CAKE) hit a new 52-week high Wednesday as it is currently trading at $38.10, above its previous 52-week high of $37.86 with 321,145 shares traded as of 11:45 a.m. ET. Average volume has been 823,200 shares over the past 30 days. Cheesecake Factory has a market cap of $1.96 billion and is part of the services sector and leisure industry. Shares are up 15.6% year to date as of the close of trading on Tuesday. The Cheesecake Factory Incorporated owns and operates upscale, casual dining, full-service restaurants. The company has a P/E ratio of 20.9, above the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates Cheesecake Factory as a buy. The company's strengths can be seen in multiple areas, such as its reasonable valuation levels, largely solid financial position with reasonable debt levels by most measures and solid stock price performance. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Cheesecake Factory Ratings Report. See all 52-week high stocks or get investment ideas from our investment research center. It's Official: Action Alerts PLUS beats the S&P 500 with Dividends Reinvested! Cramer and Link were up 16.72% in 2012. Were you? See what they are trading for 14-days FREE.