Cheesecake factory (CAKE) president sells shares worth $2.73 million

Published 15/08/2025, 18:30
Cheesecake factory (CAKE) president sells shares worth $2.73 million

David M. Gordon, President of Cheesecake Factory Inc (NASDAQ:CAKE), sold 43,335 shares of common stock on August 14, 2025, for a total of $2.73 million. The sales occurred in multiple transactions with prices ranging from $62.87 to $63.37. The transaction comes as the restaurant chain’s stock shows strong momentum, with a 74% return over the past year. According to InvestingPro analysis, the stock appears overvalued at current levels, though 15 analysts have recently revised their earnings expectations upward.

On the same day, Gordon also exercised options to acquire 33,400 shares of Cheesecake Factory common stock. These options were exercised at prices of $40.16 and $46.03, totaling $1.42 million. The company, currently valued at $3.1 billion, trades at a P/E ratio of 18.8x, with analyst price targets ranging from $47 to $75 per share.

Following these transactions, Gordon directly owns 24,532 shares of Cheesecake Factory common stock and 59,364 shares of restricted stock subject to forfeiture. Want deeper insights into insider trading patterns and comprehensive financial analysis? InvestingPro offers exclusive access to detailed insider transaction history and financial health scores, with Cheesecake Factory currently maintaining a GOOD overall rating.

In other recent news, The Cheesecake Factory reported its second-quarter 2025 earnings, surpassing analyst expectations with an earnings per share (EPS) of $1.16, compared to the projected $1.06. The company’s revenue also exceeded forecasts, reaching $956 million, slightly above the anticipated $947 million. Following these results, Piper Sandler adjusted its price target for The Cheesecake Factory’s stock, raising it from $54.00 to $62.00 while maintaining a Neutral rating. This adjustment was made in light of the company’s earnings report and a restructuring of the research firm’s model to better account for The Cheesecake Factory’s new segment reporting. These developments highlight the company’s financial performance and the attention it is receiving from analysts.

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