Oppenheimer Asset Management Inc. Purchases Shares of 32,759 The Cheesecake Factory Incorporated $CAKE

Oppenheimer Asset Management Inc. acquired a new position in shares of The Cheesecake Factory Incorporated (NASDAQ:CAKE) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 32,759 shares of the restaurant operator’s stock, valued at approximately $2,606,000. Oppenheimer Asset Management Inc. owned about 0.07% of Cheesecake Factory at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Truist Financial Corp raised its stake in shares of Cheesecake Factory by 3.0% in the fourth quarter. Truist Financial Corp now owns 6,187 shares of the restaurant operator’s stock valued at $312,000 after acquiring an additional 181 shares during the last quarter. Oregon Public Employees Retirement Fund boosted its holdings in shares of Cheesecake Factory by 1.9% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 10,487 shares of the restaurant operator’s stock worth $529,000 after acquiring an additional 200 shares in the last quarter. California State Teachers Retirement System grew its position in Cheesecake Factory by 0.5% during the 2nd quarter. California State Teachers Retirement System now owns 44,527 shares of the restaurant operator’s stock worth $2,790,000 after acquiring an additional 203 shares during the last quarter. Money Concepts Capital Corp grew its position in Cheesecake Factory by 3.8% during the 1st quarter. Money Concepts Capital Corp now owns 5,802 shares of the restaurant operator’s stock worth $318,000 after acquiring an additional 210 shares during the last quarter. Finally, Mercer Global Advisors Inc. ADV increased its holdings in Cheesecake Factory by 5.9% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 4,642 shares of the restaurant operator’s stock valued at $234,000 after purchasing an additional 260 shares in the last quarter. 94.48% of the stock is owned by institutional investors.

Trending Headlines about Cheesecake Factory

Here are the key news stories impacting Cheesecake Factory this week:

• Positive Sentiment: Restaurant-stock momentum: Sit-down restaurant shares, including CAKE, Texas Roadhouse and BJ’s Restaurants, have posted median gains of roughly 62% over the past three months. The unusually wide performance gap versus fast-casual chains such as Chipotle, Wingstop and Shake Shack is reinforcing investor interest in the group. Restaurant stock momentum article
• Positive Sentiment: Higher earnings expectations: Zacks Research raised its Cheesecake Factory EPS estimates for fiscal 2026 and fiscal 2028, while maintaining a “Strong Buy” view. A separate report also indicated that an analyst increased the company’s third-quarter EPS estimate, suggesting improving expectations for near-term results. CAKE earnings estimates
• Positive Sentiment: Momentum-focused coverage: Zacks characterized CAKE as a potential momentum stock, supported by its recent share performance and better-than-expected second-quarter results. The company previously reported $1.44 in quarterly EPS on $1.03 billion of revenue, exceeding estimates and representing 7.7% year-over-year revenue growth. Zacks momentum analysis
• Neutral Sentiment: Brand and operational publicity: The company was named to PEOPLE’s 2026 Companies That Care list for the sixth consecutive year, while coverage highlighted its menu innovation and Italian sister chain. These developments may support employee retention and brand awareness, but they have limited immediate earnings impact. Companies That Care announcement
• Negative Sentiment: Insider selling and valuation risk: President David Gordon reportedly sold about $3.5 million of CAKE shares, and director Edie Ames sold an additional 3,000 shares amid the rally. Ames also reported a smaller purchase, but the larger sales may temper enthusiasm. CAKE’s elevated valuation and analyst consensus “Hold” rating—with an average price target below recent trading levels—also suggest that substantial optimism may already be priced in. CAKE insider selling report

Cheesecake Factory Trading Up 1.3%

Shares of CAKE opened at $113.38 on Friday. The stock’s fifty day simple moving average is $86.61 and its 200-day simple moving average is $69.67. The firm has a market capitalization of $5.64 billion, a PE ratio of 30.73, a price-to-earnings-growth ratio of 2.03 and a beta of 1.00. The Cheesecake Factory Incorporated has a 12-month low of $43.07 and a 12-month high of $118.46. The company has a quick ratio of 0.52, a current ratio of 0.59 and a debt-to-equity ratio of 1.08.

Cheesecake Factory (NASDAQ:CAKE) last announced its quarterly earnings data on Tuesday, July 28th. The restaurant operator reported $1.44 EPS for the quarter, topping analysts’ consensus estimates of $1.18 by $0.26. The firm had revenue of $1.03 billion during the quarter, compared to analyst estimates of $999.54 million. Cheesecake Factory had a return on equity of 43.97% and a net margin of 4.61%.The company’s revenue was up 7.7% on a year-over-year basis. During the same period last year, the company earned $1.16 earnings per share. As a group, research analysts predict that The Cheesecake Factory Incorporated will post 4.47 earnings per share for the current year.

Cheesecake Factory Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, August 25th. Stockholders of record on Tuesday, August 11th will be paid a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend is Tuesday, August 11th. Cheesecake Factory’s dividend payout ratio (DPR) is 32.52%.

Analysts Set New Price Targets

Several equities analysts have issued reports on the company. Citigroup lifted their price objective on Cheesecake Factory from $76.00 to $90.00 and gave the company a “buy” rating in a research report on Friday, July 10th. JPMorgan Chase & Co. upgraded Cheesecake Factory from an “underweight” rating to a “neutral” rating and raised their target price for the company from $58.00 to $68.00 in a research note on Thursday, May 14th. Morgan Stanley upgraded Cheesecake Factory from an “underweight” rating to an “equal weight” rating and raised their target price for the company from $50.00 to $80.00 in a research note on Wednesday, July 29th. Wells Fargo & Company lifted their price target on Cheesecake Factory from $65.00 to $75.00 and gave the company an “equal weight” rating in a report on Thursday, July 16th. Finally, Zacks Research upgraded shares of Cheesecake Factory from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 30th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, ten have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $81.00.

Insider Activity at Cheesecake Factory

In related news, Chairman David Overton sold 94,145 shares of the stock in a transaction that occurred on Wednesday, August 5th. The shares were sold at an average price of $106.27, for a total value of $10,004,789.15. Following the transaction, the chairman directly owned 89,805 shares in the company, valued at $9,543,577.35. This represents a 51.18% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Edie A. Ames sold 3,000 shares of the firm’s stock in a transaction that occurred on Monday, August 10th. The shares were sold at an average price of $106.95, for a total transaction of $320,850.00. Following the completion of the transaction, the director directly owned 10,000 shares in the company, valued at approximately $1,069,500. The trade was a 23.08% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 214,281 shares of company stock worth $22,249,374 over the last 90 days. Insiders own 8.00% of the company’s stock.

Cheesecake Factory Profile

The Cheesecake Factory Incorporated (NASDAQ:CAKE) is an American restaurant company and distributor renowned for its full-service casual-dining concept and specialty cheesecakes. Headquartered in Calabasas Hills, California, the company operates more than 200 restaurants under The Cheesecake Factory® brand across the United States, Puerto Rico and select international markets. In addition to sit-down dining, Cheesecake Factory franchised locations offer catering and take-out services, while a separate manufacturing arm supplies branded cheesecakes and desserts to supermarkets, hotels and other foodservice operators.

The origins of the brand trace back to a small cheesecake bakery founded in Detroit in the 1940s.