New insider activity at Cheesecake Factory ( (CAKE) ) has taken place on March 1, 2025.
In a notable series of transactions, Cheesecake Factory’s EXEC VP, CFO Matthew Eliot Clark sold 48,000 shares of the company’s stock, amounting to $2,579,199. Meanwhile, CHAIRMAN AND C.E.O David Overton executed a more substantial sale, offloading 179,300 shares for a total of $9,510,107.
Recent Updates on CAKE stock
In the last 24 hours, The Cheesecake Factory’s stock has seen multiple price target increases from various analysts, driven by its strong Q4 earnings report and positive future outlook. The company reported record high annual revenues and adjusted earnings, alongside robust growth in restaurant openings. Analysts such as Raymond James and BofA raised their price targets due to the company’s solid Q4 performance and resilient sales trends, despite some weather-related challenges. BofA also highlighted improved labor productivity and favorable price/cost dynamics as reasons for their increased price target. UBS noted continued margin gains and solid sales trends, although they expressed caution regarding the company’s mixed guidance for Q1 and 2025. Overall, the positive financial results and strategic expansion plans have contributed to an optimistic outlook for the company’s stock.
More about Cheesecake Factory
YTD Price Performance: 8.19%
Average Trading Volume: 1,426,600
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $2.71B
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