Today Cheesecake Factory (CAKE) Hits New Lifetime High

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Trade-Ideas LLC identified Cheesecake Factory ( CAKE) as a new lifetime high candidate. In addition to specific proprietary factors, Trade-Ideas identified Cheesecake Factory as such a stock due to the following factors:

  • CAKE has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $40.0 million.
  • CAKE has traded 2,213 shares today.
  • CAKE is trading at a new lifetime high.

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More details on CAKE:

The Cheesecake Factory Incorporated operates full-service and casual dining restaurants. The company also produces cheesecakes and other baked products for foodservice operators, retailers, and distributors. The stock currently has a dividend yield of 1.2%. CAKE has a PE ratio of 26. Currently there are 4 analysts that rate Cheesecake Factory a buy, no analysts rate it a sell, and 15 rate it a hold.

The average volume for Cheesecake Factory has been 717,000 shares per day over the past 30 days. Cheesecake Factory has a market cap of $2.7 billion and is part of the services sector and leisure industry. The stock has a beta of 0.57 and a short float of 11% with 6.87 days to cover. Shares are up 9% year-to-date as of the close of trading on Thursday.

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