Cheesecake Factory (CAKE)

The Cheesecake Factory Incorporated is a leader in experiential dining. The company is culinary forward and relentlessly focused on hospitality. The Cheesecake Factory currently owns and operates 294 restaurants throughout the United States and Canada under brands including The Cheesecake Factory®, North Italia® and a collection within the Fox Restaurant Concepts subsidiary. Internationally, 27 The Cheesecake Factory® restaurants operate under licensing agreements. Its bakery division operates two facilities that produce quality cheesecakes and other baked products for its restaurants, international licensees and third-party bakery customers. In 2020, the company were named to the FORTUNE Magazine '100 Best Companies to Work For®' list for the seventh consecutive year.

Company profile

David Overton
Fiscal year end
Industry (SIC)
Former names
The Cheesecake Factory Restaurants, Inc. • Fox Restaurant Concepts LLC • North Restaurants LLC ...
IRS number

CAKE stock data


1 Aug 22
12 Aug 22
28 Dec 22
Quarter (USD) Jun 22 Mar 22 Dec 21 Sep 21
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD) Dec 21 Dec 20 Dec 19 Dec 18
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
19 May 22 Alexander L Cappello Common Stock Grant Acquire A Yes No 0 3,772 0 9,488
19 May 22 David Bruce Pittaway Common Stock Grant Acquire A No No 0 1,886 0 16,987
19 May 22 Meyer Janice L. Common Stock Grant Acquire A No No 0 3,772 0 11,013
19 May 22 Khanh Collins Common Stock Grant Acquire A No No 0 3,772 0 4,940
14 May 22 Scarlett May Common Stock Payment of exercise Dispose F No No 33.55 160 5.37K 4,176
84.9% owned by funds/institutions
13F holders Current Prev Q Change
Total holders 250 255 -2.0%
Opened positions 34 39 -12.8%
Closed positions 39 39
Increased positions 88 89 -1.1%
Reduced positions 83 71 +16.9%
13F shares Current Prev Q Change
Total value 1.83B 1.81B +0.9%
Total shares 44.32M 44.51M -0.4%
Total puts 872.9K 864.3K +1.0%
Total calls 622.2K 385.5K +61.4%
Total put/call ratio 1.4 2.2 -37.4%
Largest owners Shares Value Change
BLK Blackrock 8.06M $320.77M +0.5%
Vanguard 5.39M $214.39M +2.0%
Kayne Anderson Rudnick Investment Management 4.34M $172.81M +1.6%
RC Cake 2.4M $149.98M 0.0%
Bamco 2.05M $81.64M +0.8%
Frontier Capital Management 1.82M $72.29M +32.5%
STT State Street 1.72M $68.5M +4.0%
IVZ Invesco 1.56M $62.03M +2.5%
Fred Alger Management 1.4M $55.55M -15.7%
Dimensional Fund Advisors 1.04M $41.57M +4.3%
Largest transactions Shares Bought/sold Change
Scopia Capital Management 0 -627.8K EXIT
Frontier Capital Management 1.82M +445.21K +32.5%
Norges Bank 0 -343.3K EXIT
Weiss Multi-Strategy Advisers 260.37K +260.37K NEW
Fred Alger Management 1.4M -259.38K -15.7%
GS Goldman Sachs 51.53K -209.28K -80.2%
MS Morgan Stanley 240.79K -193.79K -44.6%
Citadel Advisors 166.1K +166.1K NEW
D. E. Shaw & Co. 315.31K +145.05K +85.2%
Marshall Wace 0 -134.04K EXIT

Financial report summary

Management Discussion
  • Based on our second quarter performance, recent trends and including the impact of the latest virus resurgence, we anticipate total revenue for the third quarter of fiscal 2022 to be approximately $785 million to $805 million and for the full fiscal year to be approximately $3.32 billion to $3.37 billion, with The Cheesecake Factory fiscal year 2022 average sales per location reaching $12 million, including the impact of the 53rd operating week. We remain committed to supporting our longer-term restaurant-level margin objectives and will take appropriate actions, including additional menu pricing to help offset structural and permanent costs. However, there remains measurable risk associated with cost fluctuations driven by the current environment. We currently have 4.75% pricing in The Cheesecake Factory menu and are in the process of implementing a 4.25% menu price increase in the third quarter of fiscal 2022.

Content analysis

H.S. senior Avg
New words: ESP, nondeductible, resurgence, summer
Removed: casual, conclude, contractually, discovery, DLSE, furlough, judge, lesser, obligated, outcome, outperform, overtime, participate, performed, postponed, preserve, procedural, proceed, protecting, represent, ruling, shift, timeline, trial, undistributed