Cheesecake Factory keeps baking in more profits. Over the past four quarters its EPS growth rate has ranged from 20% to above 1,000%. Its stock is just below a fresh buy point. And on Tuesday the Relative Strength (RS) Rating for Cheesecake stock moved up into a higher percentile, as it got a lift from 67 to 74.
Having a 74 RS Rating means that Cheesecake stock tops 74% of stocks for price performance this past year. History reveals that the best-performing stocks typically have an RS Rating north of 80 as they launch their largest climbs. See if Cheesecake Factory can continue to rebound and clear that threshold.
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Cheesecake Stock Ratings Shine
Cheesecake stock is up about 44% in the past year. It's currently building a flat base with a 41.34 entry. Tuesday afternoon Cheesecake stock was up nearly 1% to around 41. See if it can break out in volume at least 40% above average.
Among its other ratings, Calabasas Hills, Calif.-based Cheesecake has a strong 84 Composite Rating out of 99, and a near-best 96 EPS Rating. It also sports a B SMR Rating (sales + profit margins + return on equity) on an A-to-E scale.
The company saw both earnings and sales growth rise last quarter. Earnings growth increased from 20% to 24%, or $1.09 per share. Revenue growth rose from 3% to 4%, reaching $904 million. The next quarterly results are expected on or around Oct. 30.
Among Top 6 In Large Restaurant Group
Cheesecake stock holds the No. 6 rank among its peers in the 54-stock Retail-Restaurants industry group. CAVA Group, Texas Roadhouse and Wingstop are among the top five highly rated stocks in the group.
IBD's unique Relative Strength Rating identifies market leadership with a 1 (worst) to 99 (best) score. The score shows how a stock's price behavior over the last 52 weeks stacks up against all the other stocks in our database.
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