Today, the CAO of Cheesecake Factory (CAKE), Cheryl Slomann, bought shares of CAKE for $233.3K.
Following this transaction Cheryl Slomann’s holding in the company was increased by 45.24% to a total of $817K. This is Slomann’s first Buy trade following 5 Sell transactions.
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Based on Cheesecake Factory’s latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $581 million and quarterly net profit of $28.48 million. In comparison, last year the company earned revenue of $555 million and had a net profit of $26.45 million. CAKE’s market cap is $2.25B and the company has a P/E ratio of 16.30. Currently, Cheesecake Factory has an average volume of 216.6K.
Based on 10 analyst ratings, the analyst consensus is Hold with an average price target of $51.88, reflecting a 4.7% upside.
In the last 30 days, insiders have sold $369K worth of CAKE shares and purchased $233.3K worth of CAKE shares. The insider sentiment on Cheesecake Factory has been neutral according to 33 insider trades in the past three months. This sentiment is higher than the average sentiment of company insiders in this sector.
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Cheesecake Factory, Inc. engages in the operation of chain restaurants. Its menu offering includes appetizers, pizza, seafood, steaks, chicken, burgers, small plates, pastas, salads, sandwiches, omelettes, and desserts. The company was founded by David M. Overton, Oscar Overton, and Evelyn Overton in 1972 and is headquartered in Calabasas Hills, CA.
