Advertisement
Singapore markets closed
  • Straits Times Index

    3,224.01
    -27.70 (-0.85%)
     
  • S&P 500

    5,254.92
    +6.43 (+0.12%)
     
  • Dow

    39,791.53
    +31.45 (+0.08%)
     
  • Nasdaq

    16,413.63
    +14.11 (+0.09%)
     
  • Bitcoin USD

    70,890.55
    +1,014.59 (+1.45%)
     
  • CMC Crypto 200

    885.54
    0.00 (0.00%)
     
  • FTSE 100

    7,964.44
    +32.46 (+0.41%)
     
  • Gold

    2,229.30
    +16.60 (+0.75%)
     
  • Crude Oil

    82.41
    +1.06 (+1.30%)
     
  • 10-Yr Bond

    4.2100
    +0.0140 (+0.33%)
     
  • Nikkei

    40,168.07
    -594.66 (-1.46%)
     
  • Hang Seng

    16,541.42
    +148.58 (+0.91%)
     
  • FTSE Bursa Malaysia

    1,530.60
    -7.82 (-0.51%)
     
  • Jakarta Composite Index

    7,288.81
    -21.28 (-0.29%)
     
  • PSE Index

    6,903.53
    +5.36 (+0.08%)
     

Cheesecake Factory (CAKE) in Focus: Stock Moves 8.3% Higher

The Cheesecake Factory Incorporated CAKE was a big mover last session, as the company saw its shares rise more than 8% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This reverses the recent trend for the company—as the stock is down 46.6% in the past one-month time frame.

The company has seen five negative estimate revisions in the past few weeks, while its Zacks Consensus Estimate for the current quarter has also moved lower over the same time period, suggesting there may be trouble down the road. So make sure to keep an eye on this stock going forward, to see if this recent move higher can last.

Cheesecake Factory currently has a Zacks Rank #3 (Hold) while its Earnings ESP is negative.

The Cheesecake Factory Incorporated Price

The Cheesecake Factory Incorporated Price
The Cheesecake Factory Incorporated Price

Investors interested in the Retail – Restaurants industry may consider a better-ranked stock like BJ's Restaurants, Inc. BJRI, which carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

ADVERTISEMENT

Today's Best Stocks from Zacks

Would you like to see the updated picks from our best market-beating strategies? From 2017 through 2019, while the S&P 500 gained and impressive +53.6%, five of our strategies returned +65.8%, +97.1%, +118.0%, +175.7% and even +186.7%.

This outperformance has not just been a recent phenomenon. From 2000 – 2019, while the S&P averaged +6.0% per year, our top strategies averaged up to +54.7% per year.

See their latest picks free >>

Click to get this free report The Cheesecake Factory Incorporated (CAKE) : Free Stock Analysis Report BJ's Restaurants, Inc. (BJRI) : Free Stock Analysis Report To read this article on Zacks.com click here.