May 02, 2013 (Analyst Reflections via COMTEX) -- Cheesecake Factory was upgraded from Underperform to Neutral by Buckingham one week ago. Cheesecake Factory shares are selling at $39.22, 3.9% above the $37.74 price point of one week ago.
The Cheesecake Factory Incorporated operates casual dining restaurants under the name The Cheesecake Factory. The Company's restaurants offer appetizers, sandwiches, pasta, various meats, and varieties of cheesecake. The Cheesecake Factory operates in the United States.
Cheesecake Factory (NASDAQ:CAKE) is currently priced 7.4% above its average consensus analyst price target of $36.53. The stock should discover initial support at its 50-day moving average (MA) of $36.83 and subsequent support at its 200-day MA of $34.46.
Over the past year, Cheesecake Factory has traded in a range of $29.44 to $41.02 and is now at $39.44, 34% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.0% while the 200-day MA has risen 0.4%.
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