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.