With 1.16 million shares changed hands, the volume of the stock remained lighter than its average volume of 1.62 million shares. The 52-week range on CAKE shows that it touched its highest point at $57.32 and its lowest point at $33.50 during that stretch. It currently has a 1-year price target of $53.80. With its current market cap of 2.45 billion, CAKE has annualized dividend of $1.08 while the current yield stands at 2.18%. Beta for the stock currently stands at 1.13.
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 down-trending over the past week, with a drop of -0.30%, but this was up by 8.36% over a month. Three-month performance dropped to -12.08% while six-month performance rose 7.10%. The stock gained 47.89% in the past year, while it has gained 4.34% so far this year. A look at the trailing 12-month EPS for CAKE yields 3.19 with Next year EPS estimates of 4.08. For the next quarter, that number is 1.06. This implies an EPS growth rate of 6.70% for this year and 11.30% for next year. EPS is expected to grow by 10.34% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 2.30%.
Float and Shares Shorts:
At present, 49.53 million CAKE shares are outstanding with a float of 45.64 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 $3.37202 being high and $3.29197 being low. For CAKE, this leads to a yearly average estimate of $3.31198.
