CHEESECAKE FACTORY INC

CAKE · Retail-Eating Places · 49.7M shares · +2%/yr ↑ shares · EDGAR filings ↗

Net buyback after stock comp: $20M (gross $46M, SBC $26M)

Reference price $64.90 · est. market cap ~$3.2B — last insider sale, 2026-06-02 (estimated from the dated SEC Form 4 price × shares outstanding — not a live quote)

Grade

B72

Scaled, above-average upscale-casual restaurant operator with strong brand and solid cash generation.

Strengths

ROE 34% (74th pct), ROA 4.5% (68th pct) and net margin 4.0% (71st pct) — clearly above-average for the sector
FCF $155M (78th pct) funding unit growth, dividends and buybacks

Risks

Debt/equity 1.29 (88th pct) elevates ROE; current ratio 0.59 is only mid-pack
Casual-dining model exposed to labor/commodity inflation and discretionary spending; margins are healthy but not exceptional

Notable findings

Weak liquidityCurrent ratio 0.59 (<1)
Insider sellingInsider selling — 7 open-market sale(s) by 6 insider(s) (cluster of 6 insiders, ~$8M, last 6mo) Form 4 ↗

Quarterly revenue

2025-04-01 · $927M2025-07-01 · $956M2025-12-30 · $962M2026-03-31 · $979M

Last 4 quarters · from SEC filings.

Key metrics

Operating margin

5.0%

Net margin

4.0%

Return on equity

34.0%

Return on assets

4.6%

ROIC

14.8%

Revenue growth (QoQ)

1.8%

Net-income growth

-5.3%

Debt / equity

1.3×

Net debt / EBITDA

1.2×

Current ratio

0.6×

Free cash flow

$155M

EBITDA

$296M

Tangible book value

$183M

Cash & investments

$216M

Stock comp / revenue

0.7%

Insider transactions · last 18 months

Date	Insider	Type	Shares	Price
2026-06-02	CAPPELLO ALEXANDER L	Sell	2.5K	$64.90
2026-05-28	CAPPELLO ALEXANDER L	Grant	2.5K	—
2026-05-28	Meyer Janice L.	Grant	2.5K	—
2026-05-28	Collins Khanh	Grant	1.2K	—
2026-05-01	OVERTON DAVID	Option exercise	104K	$46.03
2026-05-01	OVERTON DAVID	Sell	104K	$61.02
2026-04-01	Gordon David M	Tax withheld	1.2K	$55.30
2026-04-01	Clark Matthew Eliot	Tax withheld	1.1K	$55.30
2026-04-01	May Scarlett	Tax withheld	525	$55.30
2026-04-01	OVERTON DAVID	Tax withheld	4.7K	$55.30
2026-03-10	May Scarlett	Sell	5.2K	$62.95
2026-02-25	Hanscom Ashley W	Sell	3.0K	$65.64
2026-02-25	Alex Spero G	Sell	4.8K	$66.00
2026-02-25	Clark Matthew Eliot	Sell	7.0K	$65.70
2026-02-23	CAPPELLO ALEXANDER L	Sell	635	$63.74
2026-02-16	OVERTON DAVID	Tax withheld	21K	$58.67
2026-02-16	Alex Spero G	Tax withheld	1.8K	$58.67
2026-02-16	Hanscom Ashley W	Tax withheld	880	$58.67
2026-02-16	Gordon David M	Tax withheld	5.3K	$58.67
2026-02-16	Gordon David M	Tax withheld	3.6K	$58.67
2026-02-16	Clark Matthew Eliot	Tax withheld	3.0K	$58.67
2026-02-16	May Scarlett	Tax withheld	1.7K	$58.67
2026-02-16	May Scarlett	Tax withheld	1.5K	$58.67
2026-02-16	OVERTON DAVID	Tax withheld	19K	$58.67
2026-02-11	OVERTON DAVID	Grant	50K	—
2026-02-11	Alex Spero G	Grant	2.6K	—
2026-02-11	Hanscom Ashley W	Grant	2.3K	—
2026-02-11	Gordon David M	Grant	13K	—
2026-02-11	Gordon David M	Grant	16K	—
2026-02-11	Clark Matthew Eliot	Grant	12K	—
2026-02-11	Clark Matthew Eliot	Grant	14K	—
2026-02-11	May Scarlett	Grant	5.9K	—
2026-02-11	May Scarlett	Grant	7.0K	—
2026-02-11	OVERTON DAVID	Grant	63K	—
2026-02-10	Hanscom Ashley W	Tax withheld	430	$60.57
2026-02-10	Carango Keith	Tax withheld	1.2K	$60.57
2026-02-10	Gordon David M	Tax withheld	3.1K	$60.57
2026-02-10	Clark Matthew Eliot	Tax withheld	2.9K	$60.57
2026-02-10	May Scarlett	Tax withheld	1.5K	$60.57
2026-02-10	OVERTON DAVID	Tax withheld	15K	$60.57
2025-12-10	OVERTON DAVID	Gift	50	—
2025-08-14	Gordon David M	Option exercise	20K	$40.16
2025-08-14	Gordon David M	Option exercise	13K	$46.03
2025-08-14	Gordon David M	Sell	20K	$63.04
2025-08-14	Gordon David M	Sell	13K	$62.87
2025-08-14	Gordon David M	Sell	9.9K	$63.37
2025-07-31	CAPPELLO ALEXANDER L	Sell	12K	$65.88
2025-06-09	May Scarlett	Option exercise	19K	$40.16
2025-06-09	May Scarlett	Sell	19K	$58.82
2025-05-29	May Scarlett	Option exercise	9.2K	$52.14
2025-05-29	May Scarlett	Option exercise	12K	$46.03
2025-05-29	May Scarlett	Sell	9.2K	$56.06
2025-05-29	May Scarlett	Sell	12K	$55.98
2025-05-28	Carango Keith	Sell	8.3K	$55.12
2025-05-28	Carango Keith	Option exercise	8.3K	$47.06
2025-05-28	Carango Keith	Option exercise	3.0K	$51.74
2025-05-28	Carango Keith	Option exercise	9.2K	$46.03
2025-05-28	Carango Keith	Option exercise	30K	$40.16
2025-05-28	Carango Keith	Sell	3.0K	$55.12
2025-05-28	Carango Keith	Sell	9.2K	$55.12
2025-05-28	Carango Keith	Sell	30K	$55.12
2025-05-27	Clark Matthew Eliot	Option exercise	43K	$46.03
2025-05-27	Clark Matthew Eliot	Sell	43K	$56.00
2025-05-22	Collins Khanh	Grant	1.3K	—
2025-05-22	CAPPELLO ALEXANDER L	Grant	2.7K	—
2025-05-22	Meyer Janice L.	Grant	2.7K	—
2025-05-08	Gordon David M	Sell	17K	$50.44
2025-05-08	Gordon David M	Sell	10K	$50.44
2025-05-08	Gordon David M	Sell	30K	$50.44
2025-05-08	Gordon David M	Sell	5.8K	$50.44
2025-05-08	Gordon David M	Sell	14K	$50.68
2025-05-08	Gordon David M	Option exercise	17K	$47.06
2025-05-08	Gordon David M	Option exercise	10K	$46.03
2025-05-08	Gordon David M	Option exercise	30K	$40.16
2025-05-08	Gordon David M	Option exercise	5.8K	$34.91
2025-04-01	OVERTON DAVID	Tax withheld	4.6K	$50.86
2025-04-01	May Scarlett	Tax withheld	523	$50.86
2025-04-01	Gordon David M	Tax withheld	1.2K	$50.86
2025-04-01	Clark Matthew Eliot	Tax withheld	1.1K	$50.86
2025-04-01	Carango Keith	Tax withheld	300	$50.86
2025-02-28	OVERTON DAVID	Sell	79K	$52.99
2025-02-28	Clark Matthew Eliot	Sell	19K	$54.00
2025-02-27	Clark Matthew Eliot	Sell	19K	$53.51
2025-02-27	Clark Matthew Eliot	Sell	10K	$53.67
2025-02-27	OVERTON DAVID	Option exercise	179K	$47.06
2025-02-27	OVERTON DAVID	Sell	100K	$53.08
2025-02-27	Clark Matthew Eliot	Option exercise	38K	$47.06
2025-02-18	OVERTON DAVID	Option exercise	11K	—
2025-02-18	Hanscom Ashley W	Tax withheld	215	$55.78
2025-02-18	Carango Keith	Option exercise	1.0K	—
2025-02-18	Carango Keith	Tax withheld	365	$55.78
2025-02-18	Clark Matthew Eliot	Option exercise	2.3K	—
2025-02-18	Clark Matthew Eliot	Tax withheld	1.1K	$55.78
2025-02-18	Gordon David M	Option exercise	2.5K	—
2025-02-18	Gordon David M	Tax withheld	1.3K	$55.78
2025-02-18	OVERTON DAVID	Tax withheld	5.7K	$55.78
2025-02-18	May Scarlett	Option exercise	1.2K	—
2025-02-18	May Scarlett	Tax withheld	668	$55.78
2025-02-13	Hanscom Ashley W	Grant	2.8K	—
2025-02-13	Carango Keith	Grant	5.0K	—
2025-02-13	Carango Keith	Grant	1.9K	—
2025-02-13	Clark Matthew Eliot	Grant	13K	—
2025-02-13	Clark Matthew Eliot	Grant	4.7K	—
2025-02-13	Gordon David M	Grant	15K	—
2025-02-13	Gordon David M	Grant	5.2K	—
2025-02-13	OVERTON DAVID	Grant	56K	—
2025-02-13	OVERTON DAVID	Grant	21K	—
2025-02-13	May Scarlett	Grant	6.7K	—
2025-02-13	May Scarlett	Grant	2.4K	—
2025-02-10	Hanscom Ashley W	Tax withheld	921	$53.01
2025-02-10	May Scarlett	Tax withheld	3.5K	$53.01
2025-02-10	Clark Matthew Eliot	Tax withheld	6.7K	$53.01
2025-02-10	Gordon David M	Tax withheld	7.6K	$53.01
2025-02-10	OVERTON DAVID	Tax withheld	39K	$53.01
2025-02-10	Carango Keith	Tax withheld	2.8K	$53.01

All non-derivative Form 4 activity (SEC), newest first.

Notable events (8-K)

Date	Items
2026-06-03	Shareholder vote	filing ↗
2026-04-29	ResultsReg FDOtherExhibits	filing ↗
2026-03-31	Material agreementDebt obligation	filing ↗
2026-02-18	ResultsReg FDOtherExhibits	filing ↗
2025-10-28	ResultsReg FDOtherExhibits	filing ↗
2025-07-29	ResultsReg FDOtherExhibits	filing ↗
2025-05-28	Exec/director changeShareholder voteExhibits	filing ↗
2025-04-30	ResultsReg FDOtherExhibits	filing ↗

Recent filings

Form	Filed	Period	Accession
8-K	2026-06-03	2026-05-28	0001104659-26-070125 ↗
10-Q	2026-05-04	2026-03-31	0001104659-26-054987 ↗
8-K	2026-04-29	2026-04-23	0001104659-26-051574 ↗
8-K	2026-03-31	2026-03-26	0001104659-26-037831 ↗
10-K	2026-02-23	2025-12-30	0001104659-26-018643 ↗
8-K	2026-02-18	2026-02-12	0001104659-26-017090 ↗
10-Q	2025-11-03	2025-09-30	0001104659-25-105631 ↗
8-K	2025-10-28	2025-10-22	0001104659-25-103205 ↗
10-Q	2025-08-04	2025-07-01	0001410578-25-001564 ↗
8-K	2025-07-29	2025-07-23	0001104659-25-071758 ↗
8-K	2025-05-28	2025-05-22	0001104659-25-053643 ↗
10-Q	2025-05-05	2025-04-01	0001410578-25-001073 ↗