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Why Cheesecake Factory (CAKE) is a Top Momentum Stock for the Long-Term

Zacks Equity Research
·2 分鐘文章

For new and old investors, taking full advantage of the stock market and investing with confidence are common goals.

Achieving those goals is made easier with the Zacks Style Scores, a unique set of guidelines that rates stocks based on popular investing methodologies, namely value, growth, and momentum. The Style Scores can help you narrow down which stocks are better for your portfolio and which ones can beat the market over the long-term.

Is This 1 Momentum Stock a Screaming Buy Right Now?

Momentum investors, who live by the saying "the trend is your friend," are most interested in taking advantage of upward or downward trends in a stock's price or earnings outlook. Utilizing one-week price change and the monthly percentage change in earnings estimates, among other factors, the Momentum Style Score can help determine favorable times to buy high-momentum stocks.

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Cheesecake Factory (CAKE)

As of Jan 2, 2024, Cheesecake Factory owned and operated 334 restaurants throughout the United States and Canada under brands, including The Cheesecake Factory and North Italia, Flower Child and a collection within the Fox Restaurant Concepts subsidiary.

CAKE is a Zacks Rank #3 (Hold) stock, with a Momentum Style Score of B and VGM Score of A. Shares are down 1.8% over the past one week and up 6.6% over the past four weeks. CAKE has gained 16.8% in the last one-year period as well. Looking at trading volume, an average of 820,239.19 shares exchanged hands over the last 20 trading days.

Momentum investors also pay close attention to a company's earnings. For CAKE, nine analysts revised their earnings estimate upwards in the last 60 days, and the Zacks Consensus Estimate has increased $0.09 to $3.16 per share for 2024. CAKE boasts an average earnings surprise of 6.4%.

Investors should take the time to consider CAKE for their portfolios due to its solid Zacks Ranks, notable earnings metrics, and impressive Momentum and VGM Style Scores.

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The Cheesecake Factory Incorporated (CAKE) : Free Stock Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research