The Cheesecake Factory Incorporated (NASDAQ:CAKE) traded today at a new 52-week high of $58.88. So far today approximately 235,000 shares have been exchanged, as compared to an average 30-day volume of 1.3 million shares.
In the past 52 weeks, shares of The Cheesecake Factory Incorporated have traded between a low of $14.52 and a high of $58.88 and is now at $58.25, which is 301% above that low price.
Cheesecake Factory owns and operates restaurants in the United States and Canada under brands that include The Cheesecake Factory, North Italia, and a collection within the Fox Restaurants Concepts subsidiary. The company’s international presence, in the Middle East and Mexico, is through licensing agreements with third parties. The company also has a bakery division that produces cheesecakes and other baked products for sale in its restaurants, international licensees, and third-party bakery customers. The company has four operating business segments: The Cheesecake Factory restaurants, North Italia, other FRC, and others. Most of the company’s revenue comes from The Cheesecake Factory restaurants segment.
The Cheesecake Factory Incorporated (NASDAQ:CAKE) is currently priced 4.4% above its average consensus analyst price target of $55.70.
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