With 2.63 million shares changed hands, the volume of the stock remained heavier than its average volume of 1.23 million shares. The 52-week range on CAKE shows that it touched its highest point at $57.32 and its lowest point at $33.05 during that stretch. It currently has a 1-year price target of $56.24. With its current market cap of 2.81 billion, CAKE has annualized dividend of $1.08 while the current yield stands at 1.96%. Beta for the stock currently stands at 1.55.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of CAKE was up-trending over the past week, with a rise of 6.86%, but this was up by 6.14% over a month. Three-month performance surged to 14.38% while six-month performance rose 42.74%. The stock gained 57.37% in the past year, while it has gained 15.87% so far this year. A look at the trailing 12-month EPS for CAKE yields 3.20 with Next year EPS estimates of 4.14. For the next quarter, that number is 0.81. This implies an EPS growth rate of 7.95% for this year and 11.44% for next year. EPS is expected to grow by 11.09% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 2.29%.
Float and Shares Shorts:
At present, 51.04 million CAKE shares are outstanding with a float of 47.22 million shares on hand for trading.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for CAKE since 10 analysts follow the stock currently. There are 4 analysts who recommend BUY ratings, while 2 suggest SELL ratings. Of the remaining analysts, 4 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. Analysts have provided yearly estimates in a range of $2.65803 being high and $2.54811 being low. For CAKE, this leads to a yearly average estimate of $2.60807. Based on analyst estimates, the high estimate for the next quarter is $1.21 and the low estimate is $1.04. The average estimate for the next quarter is thus $1.12.
