CAKE trade ideas
CAKE-LONGI think CAKE is on the way up, next resistance will be at the 200MA. Long term I see CAKE above $35 this time next year. Earnings were better than expected considering everything thats going on.
The Cheesecake Factory 1 Month Chart The Cheesecake Factory 1 Month Chart
Buy & Hold
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$CAKE Cheesecake Factory Potential Reversal
Possible reversal setting up in CAKE next week.
Heavy selling last week found support on the
Fibonacci Golden Pocket and the Point of Control (redline)
If thsi levels fails to hold on Monday the rising
Fibonacci channel will be the next level to watch.
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Cake longHere is an easy ta for CAKE longterm
RSI signals buy
MACD signals buy
Support around 20 mark
Resistance around 24 mark
Reopening economy and restaurants and with that positive expectations about sales could be an good entry.
First profit could take around 24 mark, for long-term watch around 40 mark.
Good luck for your trading
Any comments are welcome :)
CAKE to recover with the rising RUT?CAKE is one of those beaten down stocks that is still lagging behind the rest of the market.
I don't think this "recovery" is fundamentally sound, but if RUT & SPX continue to go higher towards the ATH, CAKE might catch up as everything rises with the tide.
$CAKE $24 price target for Cheesecake Factory Afterhours Announcement
Cheesecake Factory sees reopening 65% of closed dining rooms by mid-June 16:16 CAKE The Cheesecake Factory Incorporated provided a business update given the ongoing COVID-19 pandemic. The company began to reopen dining rooms across its concepts the second week of May. As of today, approximately 25% of the company's restaurants across its concepts, including 34 Cheesecake Factory restaurants, have reopened dining rooms with limited capacity in accordance with local mandates. The reopened Cheesecake Factory restaurants have recaptured, on average, approximately 75% of prior year sales levels, reflecting continued strength in off-premise sales and building dine-in business. For The Cheesecake Factory restaurants that are continuing to operate an off-premise only model at present, current weekly off-premise sales would equate to nearly $4 million per unit on an annualized basis, on average. Fiscal second quarter to-date through May 31, 2020 comparable sales at The Cheesecake Factory restaurants are down approximately 63%, including the impact of 87 full or partial closures due to demonstrations across the United States this past weekend. The company expects to have approximately 65% of dining rooms across its concepts that closed due to COVID-19 reopened with limited capacity by mid-June, including an anticipated 124 Cheesecake Factory restaurants, subject to any closures due to further demonstrations and other factors related to the ongoing COVID-19 pandemic.
Source TheFly
CAKE - Lots of space above during Make America Open Again
Very interesting levels with VERY high volume to focus on DURING these lows. Volume is heavy, and it is finally breaking upwards. Looks like it will pass this next test and go big. That is my focus for this upcoming move, will be looking to accumulate.
I will update this as we go forward, but with news of reopening and you bet ya 99999% customer growth will moon this shit to the top.
Long at any point.
Have Your Cake And Eat It TooStarting a small position in $CAKE.
RSI and P/E ratio near 2008, +7% dividend yield, recent $200M investment.
Good luck to all, stay safe.
- C
$CAKE bullish OBV divergence on daily $CAKE is consolidating on large volume and OBV shows a clear divergence on daily chart.. upside possible!!
Cheesecake Factory gets Investment $cake he Cheesecake Factory Incorporated (NASDAQ: CAKE) today announced that it has closed on a $200 million convertible preferred investment from affiliates of Roark Capital.
"We are pleased to have found a high-quality partner in Roark, who we are confident will add significant value to The Cheesecake Factory Incorporated," said David Overton, Chairman and Chief Executive Officer. "This transaction not only meaningfully enhances our liquidity position to navigate the near-term COVID-19 landscape and get our affected staff members back to work as soon as practicable, but also importantly, solidifies our ability to manage the business for the long-term for all of our stakeholders once we emerge on the other side of this crisis. Moreover, Roark’s investment underscores the strength of our brands, market positioning and long-term growth prospects."
Neal Aronson, Founder and Managing Partner of Roark said, "We have long admired The Cheesecake Factory and the culture that David and his team have built." In connection with this investment, the Board of Directors will be expanded from eight to nine members and Paul Ginsberg, President of Roark, will join the Company’s Board of Directors as an independent member. Ginsberg said, "We believe The Cheesecake Factory, North Italia and the FRC brands are uniquely positioned to maintain their leadership in experiential dining and look forward to a partnership with the board and management team to drive long-term value for all shareholders."
Wells Fargo Securities, LLC and J.P. Morgan Securities LLC served as financial advisors and Latham & Watkins LLP served as legal advisor to The Cheesecake Factory Incorporated in this transaction. Paul, Weiss, Rifkind, Wharton & Garrison LLP served as legal advisor to Roark.
Source businesswire
$CAKE Time To Start A PositionNo one knows when things will return to normal. The best we can do is just try to identify good companies to buy at a discount. $CAKE Is one of those companies. $CAKE has a low PEG ratio of 0.72 and trades at just 5.4x last year's earnings, 0.27x last year's sales, and 8x last year's FCF. The stock is 69% off its 52 week high and has found strong support off trendline support at $14.50 a share.
The Cheesecake Factory Incorporated engages in the operation of restaurants. As of February 26, 2020, it owned and operated 294 restaurants in the United States and Canada under the brands of The Cheesecake Factory and North Italia; and a collection of Fox Restaurant Concepts, as well as 26 The Cheesecake Factory restaurants operated under licensing agreements internationally. The company also operated two bakery facilities that produce cheesecakes and other baked products for international licensees, third-party bakery customers, retailers, and distributors. The company was founded in 1972 and is based in Calabasas, California.
As always, trade with caution and good luck to all!
CAKE Sweeping Uptrend IndicatorsBased on these bullish indicators, we can expect CAKE to push towards the $45 mark by 3/20. This prediction is based upon the current trends, as well as current publicity on the topic.
Play the gamePlay it accordingly... 35 would be an excellent entry.. can turn bullish if it breaks up the wedge...
CAKE rounded topA rounded top has formed on CAKE, downsides can be expected. 0.76 Strong Linear regression downtrend.
$CAKE head and shoulders pattern$45 has been major support for years.
If it breaks this stock will drop fast in the coming months.
There could be a possible short term rise to the 200 DMA line.
$CAKE Holding Support - Long Term Gap-fill$CAKE appears to be holding support just over $50. Expecting a move back to upper 50s in near term. Long term gap-fill pending overhead at 57.20.
