The CAO of Cheesecake Factory (NASDAQ: CAKE) is Selling Shares

By Carrie Williams

Yesterday, the CAO of Cheesecake Factory (NASDAQ: CAKE), Cheryl Slomann, sold shares of CAKE for $57.12K.

Following Cheryl Slomann’s last CAKE Sell transaction on March 08, 2016, the stock climbed by 6.5%. In addition to Cheryl Slomann, 3 other CAKE executives reported Sell trades in the last month.

Based on Cheesecake Factory’s latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $560 million and quarterly net profit of $34.57 million. In comparison, last year the company earned revenue of $527 million and had a net profit of $26.18 million. The company has a one year high of $60.16 and a one year low of $44.16. CAKE’s market cap is $2.75B and the company has a P/E ratio of 21.39.

Four different firms, including Goldman Sachs and Piper Jaffray, currently also have a Sell rating on the stock. Based on 4 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $61.33, reflecting a -5.9% downside.

The insider sentiment on Cheesecake Factory has been neutral according to 40 insider trades in the past three months. This sentiment is slightly lower than the average sentiment of company insiders in this sector.

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; including choices that are considered gluten-free; and varieties of cheesecake and other baked desserts. It also owns casual dining restaurants under the following brands: The Cheesecake Factory, The Cheesecake Factory Bakery, Grand Lux Cafe, and RockSugar Pan Asian Kitchen. The company was founded by David M. Overton, Oscar Overton, and Evelyn Overton in 1972 and is headquartered in Calabasas Hills, CA.