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CAKE Cheesecake Factory

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

Ticker
CAKE
Exchange
CEO
David Overton
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
CHEESECAKE FACTORY INCORPORATED
SEC CIK
IRS number
510340466

CAKE stock data

(
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Calendar

3 May 21
2 Aug 21
28 Dec 21
Quarter (USD)
Mar 21 Dec 20 Sep 20 Jun 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD)
Dec 20 Dec 19 Dec 18 Jan 18
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from company earnings reports.

Cash burn rate (estimated) Burn method: Change in cash Burn method: Operating income/loss Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 181.35M 181.35M 181.35M 181.35M 181.35M 181.35M
Cash burn (monthly) (positive/no burn) (positive/no burn) (positive/no burn) 12.97M (positive/no burn) (positive/no burn)
Cash used (since last report) n/a n/a n/a 53.58M n/a n/a
Cash remaining n/a n/a n/a 127.76M n/a n/a
Runway (months of cash) n/a n/a n/a 9.9 n/a n/a

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
8 Jun 21 RC Cake Series A Convertible Preferred Stock Common Stock, par value $0.01 per share Other Dispose J No No 22.23 150,000 3.33M 50,000
27 May 21 Meyer Janice L. Common Stock Grant Aquire A No No 0 1,958 0 7,241
27 May 21 David Bruce Pittaway Common Stock Grant Aquire A No No 0 979 0 14,101
14 May 21 Scarlett May Common Stock Payment of exercise Dispose F No No 59.3 478 28.35K 902

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

13F holders
Current Prev Q Change
Total holders 250 225 +11.1%
Opened positions 62 41 +51.2%
Closed positions 37 42 -11.9%
Increased positions 54 65 -16.9%
Reduced positions 87 75 +16.0%
13F shares
Current Prev Q Change
Total value 2.44B 1.81B +34.7%
Total shares 49.56M 54.78M -9.5%
Total puts 542.93K 1.36M -60.1%
Total calls 750.2K 750.3K -0.0%
Total put/call ratio 0.7 1.8 -60.1%
Largest owners
Shares Value Change
RC Cake 12.15M $229.92M 0.0%
BLK Blackrock 7.45M $436.09M -1.1%
Vanguard 4.32M $252.47M +1.0%
Kayne Anderson Rudnick Investment Management 4.16M $243.22M +5.7%
STT State Street 1.39M $81.04M +0.2%
Bamco 1.2M $70.21M -36.7%
BK Bank Of New York Mellon 1.12M $65.33M -7.9%
Dimensional Fund Advisors 1M $58.64M -6.9%
Candlestick Capital Management 876.14K $51.26M +0.1%
WFC Wells Fargo & Co. 801.52K $46.9M -9.9%
Largest transactions
Shares Bought/sold Change
Holocene Advisors 0 -1.07M EXIT
Investment Counselors Of Maryland 0 -863.69K EXIT
Citadel Advisors 9.14K -724.87K -98.8%
Bamco 1.2M -695K -36.7%
Norges Bank 0 -466.87K EXIT
GS Goldman Sachs 298.17K -414.93K -58.2%
Tremblant Capital 352.08K +352.08K NEW
PFG Principal Financial Group Inc - Registered Shares 685.76K +315.06K +85.0%
Arrowstreet Capital, Limited Partnership 415.51K -287.42K -40.9%
Columbus Circle Investors 0 -232.03K EXIT

Financial report summary

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Management Discussion
  • For fiscal 2021, we currently estimate commodity cost inflation of approximately 2% and continue to expect government-mandated minimum wage impacts to be more favorable than in recent years. However, there is some uncertainty to overall hourly wage rate inflation given the more competitive current industry labor environment. In addition, we estimate G&A of approximately $47 million per quarter for the remainder of fiscal 2021.
  • We plan to open as many as 14 new restaurants in fiscal 2021, including two The Cheesecake Factory restaurants, six North Italia restaurants and six restaurants within our FRC business, which includes two Flower Child locations. Internationally, we expect to open as many as three The Cheesecake Factory restaurants under licensing agreements. We currently estimate fiscal 2021 cash capital expenditures to be approximately $100 million. This estimate contemplates a net outlay of approximately $47 million for restaurants expected to open during fiscal 2021, approximately $43 million for replacements, enhancements and capacity additions to our existing restaurants and approximately $10 million for bakery and corporate infrastructure investments.
Content analysis
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Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. senior Avg
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