CAKE Chart
About

The Cheesecake Factory Incorporated operates and licenses restaurants in the United States and Canada. The company operates bakeries that produce cheesecakes and other baked products for its restaurants, international licensees, third-party bakery customers, external foodservice operators, retailers, and distributors. It operates restaurants under the brands comprising The Cheesecake Factory, North Italia, Flower Child, and Fox Restaurant Concepts. The Cheesecake Factory Incorporated was founded in 1972 and is headquartered in Calabasas, California.

Fundamentals
Scroll to Statements
Sector Consumer Cyclical Industry Restaurants Market Cap 3.12B
Enterprise Value 4.52B Income 160.81M Sales 3.71B
Book/sh 8.54 Cash/sh 4.33 Dividend Yield 184.00%
Payout 32.83% Employees 47900 IPO —
P/E 19.02 Forward P/E 15.59 PEG —
P/S 0.84 P/B 7.33 P/C —
EV/EBITDA 13.92 EV/Sales 1.22 Quick Ratio 0.39
Current Ratio 0.55 Debt/Eq 502.90 LT Debt/Eq —
EPS (ttm) 3.29 EPS next Y 4.01 EPS Growth 8.20%
Revenue Growth 4.80% Earnings 2026-02-18 ROA 4.42%
ROE 39.14% ROIC — Gross Margin 40.24%
Oper. Margin 4.20% Profit Margin 4.33% Shs Outstand 49.84M
Shs Float 40.29M Short Float 28.54% Short Ratio 7.50
Short Interest — 52W High 69.70 52W Low 42.69
Beta 0.98 Avg Volume 1.17M Volume 3.07M
Target Price $60.89 Recom Hold Prev Close $58.67
Price $62.56 Change 6.63%
Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$60.89
Mean price target
2. Current target
$62.56
Latest analyst target
3. DCF / Fair value
$46.61
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$62.56
Low
$50.00
High
$72.00
Mean
$60.89

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2026-02-12 main Mizuho Outperform → Outperform $70
2026-02-09 main Citigroup Buy → Buy $72
2026-01-20 main Morgan Stanley Underweight → Underweight $50
2026-01-07 main Barclays Underweight → Underweight $51
2025-12-17 init Freedom Capital Markets — → Hold $56
2025-11-07 main Argus Research Buy → Buy $55
2025-10-30 main JP Morgan Underweight → Underweight $52
2025-10-29 main Citigroup Buy → Buy $65
2025-10-29 main Mizuho Outperform → Outperform $65
2025-10-29 reit Raymond James Outperform → Outperform $60
2025-10-29 main Wells Fargo Equal-Weight → Equal-Weight $55
2025-10-29 main Barclays Underweight → Underweight $48
2025-10-29 main B of A Securities Neutral → Neutral $56
2025-10-29 main Stephens & Co. Overweight → Overweight $64
2025-10-28 init Mizuho — → Outperform $70
2025-10-22 main Barclays Underweight → Underweight $50
2025-10-16 reit Raymond James Outperform → Outperform $70
2025-10-16 main Wells Fargo Equal-Weight → Equal-Weight $60
2025-10-14 main Citigroup Buy → Buy $68
2025-08-15 main Raymond James Outperform → Outperform $73
Insider Transactions
Date Shares Value Url Text Insider Position Transaction Start Date Ownership
0 2280 — — Stock Award(Grant) at price 0.00 per share. HANSCOM ASHLEY W Officer — 2026-02-11 00:00:00 D
1 113395 — — Stock Award(Grant) at price 0.00 per share. OVERTON DAVID M Chief Executive Officer — 2026-02-11 00:00:00 D
2 12933 — — Stock Award(Grant) at price 0.00 per share. MAY SCARLETT A General Counsel — 2026-02-11 00:00:00 D
3 25947 — — Stock Award(Grant) at price 0.00 per share. CLARK MATTHEW ELIOT Chief Financial Officer — 2026-02-11 00:00:00 D
4 29161 — — Stock Award(Grant) at price 0.00 per share. GORDON DAVID M President — 2026-02-11 00:00:00 D
5 50 — — Stock Gift at price 0.00 per share. OVERTON DAVID M Chief Executive Officer — 2025-12-10 00:00:00 I
6 43335 2732839.0 — Sale at price 62.87 - 63.37 per share. GORDON DAVID M President — 2025-08-14 00:00:00 D
7 33400 1420002.0 — Conversion of Exercise of derivative security at price 40.16 - 46.03 per share. GORDON DAVID M President — 2025-08-14 00:00:00 D
8 12388 816121.0 — Sale at price 65.88 per share. CAPPELLO ALEXANDER L Director — 2025-07-31 00:00:00 I
9 18800 1105846.0 — Sale at price 58.82 per share. MAY SCARLETT A General Counsel — 2025-06-09 00:00:00 D
Financials
Line Item2024-12-312023-12-312022-12-312021-12-31
TaxEffectOfUnusualItems-3.62M-13.97M-12.93M-13.87M
TaxRateForCalcs0.080.210.210.27
NormalizedEBITDA326.18M269.84M194.34M223.33M
TotalUnusualItems-43.57M-66.53M-61.58M-51.36M
TotalUnusualItemsExcludingGoodwill-43.57M-66.53M-61.58M-51.36M
NetIncomeFromContinuingOperationNetMinorityInterest156.78M101.35M43.12M72.37M
ReconciledDepreciation101.45M93.14M92.38M89.65M
ReconciledCostOfRevenue2.07B2.03B2.02B1.73B
EBITDA282.60M203.31M132.76M171.97M
EBIT181.15M110.17M40.38M82.32M
NetInterestIncome-10.11M-10.16M-7.49M-10.70M
InterestExpense10.11M10.16M7.49M10.70M
NormalizedIncome196.74M153.91M91.77M109.87M
NetIncomeFromContinuingAndDiscontinuedOperation156.78M101.35M43.12M72.37M
TotalExpenses3.36B3.26B3.20B2.79B
TotalOperatingIncomeAsReported178.32M108.57M38.94M82.32M
DilutedAverageShares48.97M49.05M50.41M48.51M
BasicAverageShares47.79M48.32M49.81M47.53M
DilutedEPS3.202.070.861.01
BasicEPS3.282.100.871.03
DilutedNIAvailtoComStockholders156.78M101.35M43.12M49.22M
AverageDilutionEarnings0.000.0085.00K
NetIncomeCommonStockholders156.78M101.35M43.12M49.13M
OtherunderPreferredStockDividend0.000.004.58M
PreferredStockDividends18.66M
NetIncome156.78M101.35M43.12M72.37M
NetIncomeIncludingNoncontrollingInterests156.78M101.35M43.12M72.37M
NetIncomeContinuousOperations156.78M101.35M43.12M72.37M
TaxProvision14.26M-1.34M-10.23M-753.00K
PretaxIncome171.05M100.01M32.89M71.62M
OtherIncomeExpense-40.73M-64.92M-60.14M-51.36M
OtherNonOperatingIncomeExpenses2.84M1.61M1.45M
SpecialIncomeCharges-43.57M-66.53M-61.58M-51.36M
OtherSpecialCharges27.50M25.38M16.83M13.71M
WriteOff13.65M29.46M31.39M18.14M
RestructuringAndMergernAcquisition2.43M11.69M13.37M19.51M
EarningsFromEquityInterest0.00
NetNonOperatingInterestIncomeExpense-10.11M-10.16M-7.49M-10.70M
InterestExpenseNonOperating10.11M10.16M7.49M10.70M
OperatingIncome221.89M175.09M100.52M133.68M
OperatingExpense1.29B1.23B1.18B1.07B
OtherOperatingExpenses959.22M922.43M881.63M792.31M
DepreciationAmortizationDepletionIncomeStatement101.45M93.14M92.38M89.65M
DepreciationAndAmortizationInIncomeStatement101.45M93.14M92.38M89.65M
SellingGeneralAndAdministration228.74M217.45M205.75M186.14M
GeneralAndAdministrativeExpense228.74M217.45M205.75M186.14M
OtherGandA228.74M217.45M205.75M186.14M
GrossProfit1.51B1.41B1.28B1.20B
CostOfRevenue2.07B2.03B2.02B1.73B
TotalRevenue3.58B3.44B3.30B2.93B
OperatingRevenue3.58B3.44B3.30B2.93B
Line Item2024-12-312023-12-312022-12-312021-12-31
TreasurySharesNumber57.06M56.54M55.15M53.14M
OrdinarySharesNumber51.33M50.65M51.17M52.23M
ShareIssued108.39M107.20M106.32M105.37M
NetDebt367.89M413.76M353.25M276.39M
TotalDebt1.91B1.86B1.84B1.82B
TangibleBookValue191.67M66.33M40.48M78.47M
InvestedCapital895.52M788.11M760.03M796.18M
WorkingCapital-378.11M-359.87M-310.91M-230.68M
NetTangibleAssets191.67M66.33M40.48M78.47M
CapitalLeaseObligations1.46B1.39B1.37B1.35B
CommonStockEquity443.45M318.06M292.00M330.17M
TotalCapitalization895.52M788.11M760.03M796.18M
TotalEquityGrossMinorityInterest443.45M318.06M292.00M330.17M
StockholdersEquity443.45M318.06M292.00M330.17M
GainsLossesNotAffectingRetainedEarnings-1.61M-694.00K-982.00K-287.00K
OtherEquityAdjustments-1.61M-694.00K-982.00K-287.00K
TreasuryStock1.83B1.81B1.77B1.70B
RetainedEarnings1.32B1.22B1.17B1.17B
AdditionalPaidInCapital956.11M913.44M887.49M862.76M
CapitalStock1.08M1.07M1.06M1.05M
CommonStock1.08M1.07M1.06M1.05M
PreferredStock0.000.000.000.00
TotalLiabilitiesNetMinorityInterest2.60B2.52B2.48B2.47B
TotalNonCurrentLiabilitiesNetMinorityInterest1.89B1.86B1.83B1.83B
OtherNonCurrentLiabilities27.64M42.67M46.72M45.00M
TradeandOtherPayablesNonCurrent0.00
NonCurrentDeferredLiabilities108.17M93.98M78.29M102.40M
LongTermDebtAndCapitalLeaseObligation1.75B1.73B1.70B1.68B
LongTermCapitalLeaseObligation1.30B1.25B1.23B1.22B
LongTermDebt452.06M470.05M468.03M466.02M
CurrentLiabilities711.42M660.67M656.68M636.27M
CurrentDeferredLiabilities226.81M222.91M230.56M222.43M
CurrentDeferredRevenue226.81M222.91M219.81M211.18M
CurrentDebtAndCapitalLeaseObligation157.14M134.91M139.10M131.82M
CurrentCapitalLeaseObligation157.14M134.91M139.10M131.82M
PensionandOtherPostRetirementBenefitPlansCurrent29.70M28.95M27.33M28.49M
PayablesAndAccruedExpenses297.77M273.90M259.69M253.53M
CurrentAccruedExpenses213.26M190.38M168.19M176.50M
Payables84.51M83.52M91.50M77.03M
TotalTaxPayable22.42M20.36M24.86M22.94M
AccountsPayable62.09M63.15M66.64M54.09M
TotalAssets3.04B2.84B2.78B2.80B
TotalNonCurrentAssets2.71B2.54B2.43B2.39B
OtherNonCurrentAssets9.59M8.54M8.10M7.63M
NonCurrentDeferredAssets205.94M186.08M154.79M150.22M
NonCurrentDeferredTaxesAssets97.85M91.94M76.25M57.63M
GoodwillAndOtherIntangibleAssets251.79M251.73M251.52M251.70M
OtherIntangibleAssets250.34M250.28M250.07M250.25M
Goodwill1.45M1.45M1.45M1.45M
NetPPE2.24B2.09B2.02B1.98B
AccumulatedDepreciation-1.38B-1.34B-1.26B-1.18B
GrossPPE3.62B3.43B3.27B3.17B
Leases1.33B1.29B1.23B1.19B
ConstructionInProgress75.43M58.07M36.67M35.07M
OtherProperties1.40B1.30B1.27B1.24B
MachineryFurnitureEquipment753.62M722.12M682.28M640.55M
BuildingsAndImprovements44.53M44.18M44.14M44.05M
LandAndImprovements17.30M15.85M15.85M15.85M
Properties0.000.000.000.00
CurrentAssets333.31M300.80M345.77M405.59M
PrepaidAssets54.69M63.09M48.40M36.45M
Inventory64.53M57.65M55.56M42.84M
FinishedGoods20.21M16.23M17.25M7.95M
RawMaterials44.32M41.42M38.31M34.89M
Receivables129.92M123.76M127.03M136.68M
OtherReceivables112.50M103.09M105.51M100.50M
TaxesReceivable17.42M20.67M21.52M36.17M
CashCashEquivalentsAndShortTermInvestments84.18M56.29M114.78M189.63M
CashAndCashEquivalents84.18M56.29M114.78M189.63M
Line Item2024-12-312023-12-312022-12-312021-12-31
FreeCashFlow106.91M65.18M48.78M145.46M
RepurchaseOfCapitalStock-18.23M-46.09M-63.13M-449.52M
RepaymentOfDebt-20.00M-15.00M-130.00M-150.00M
IssuanceOfDebt0.0015.00M130.00M345.00M
IssuanceOfCapitalStock0.000.00175.00M
CapitalExpenditure-161.42M-153.22M-113.14M-67.55M
InterestPaidSupplementalData12.89M9.76M7.23M9.59M
IncomeTaxPaidSupplementalData19.12M14.47M14.69M13.03M
EndCashPosition84.18M56.29M114.78M189.63M
BeginningCashPosition56.29M114.78M189.63M154.09M
EffectOfExchangeRateChanges-548.00K144.00K-325.00K-27.00K
ChangesInCash28.43M-58.63M-74.53M35.57M
FinancingCashFlow-78.79M-123.53M-123.64M-108.83M
CashFlowFromContinuingFinancingActivities-78.79M-123.53M-123.64M-108.83M
NetOtherFinancingCharges-24.24M-18.32M-35.10M
ProceedsFromStockOptionExercised12.47M0.0084.00K24.79M
CashDividendsPaid-53.04M-53.21M-42.27M-19.00M
PreferredStockDividendPaid0.000.00-18.66M
CommonStockDividendPaid-53.04M-53.21M-42.27M-337.00K
NetPreferredStockIssuance0.000.00-443.75M
PreferredStockPayments0.000.00-443.75M
PreferredStockIssuance0.000.00
NetCommonStockIssuance-18.23M-46.09M-63.13M169.23M
CommonStockPayments-18.23M-46.09M-63.13M-5.77M
CommonStockIssuance0.000.00175.00M
NetIssuancePaymentsOfDebt-20.00M0.000.00195.00M
NetShortTermDebtIssuance-20.00M0.000.00-150.00M
ShortTermDebtPayments-20.00M-15.00M-130.00M-150.00M
ShortTermDebtIssuance0.0015.00M130.00M0.00
NetLongTermDebtIssuance0.00-130.00M345.00M
LongTermDebtPayments-130.00M-150.00M
LongTermDebtIssuance0.000.00345.00M
InvestingCashFlow-161.10M-153.50M-112.81M-68.61M
CashFlowFromContinuingInvestingActivities-161.10M-153.50M-112.81M-68.61M
NetOtherInvestingChanges321.00K-274.00K329.00K-1.06M
NetBusinessPurchaseAndSale0.00
PurchaseOfBusiness0.00
NetIntangiblesPurchaseAndSale-1.05M-1.66M-680.00K-606.00K
PurchaseOfIntangibles-1.05M-1.66M-680.00K-606.00K
NetPPEPurchaseAndSale-160.36M-151.56M-112.46M-66.94M
PurchaseOfPPE-160.36M-151.56M-112.46M-66.94M
OperatingCashFlow268.32M218.40M161.93M213.01M
CashFlowFromContinuingOperatingActivities268.32M218.40M161.93M213.01M
ChangeInWorkingCapital-20.07M-13.15M-10.68M30.90M
ChangeInOtherWorkingCapital-29.05M-26.26M-3.75M-3.39M
ChangeInOtherCurrentLiabilities3.90M3.10M8.63M26.53M
ChangeInOtherCurrentAssets-13.99M-14.50M13.74M-9.23M
ChangeInPayablesAndAccruedExpense19.32M41.40M7.65M46.42M
ChangeInAccruedExpense21.15M37.42M-9.94M50.10M
ChangeInPayable-1.83M3.97M17.59M-3.68M
ChangeInAccountPayable-1.83M3.97M17.59M-3.68M
ChangeInPrepaidAssets8.35M-14.69M-11.96M-1.14M
ChangeInInventory-6.88M-2.09M-12.72M-3.48M
ChangeInReceivables-1.72M-98.00K-12.27M-24.82M
OtherNonCashItems-6.51M
StockBasedCompensation29.96M25.78M24.43M22.99M
AssetImpairmentCharge12.77M27.00M31.33M17.94M
DeferredTax-6.06M-15.71M-18.65M-20.85M
DeferredIncomeTax-6.06M-15.71M-18.65M-20.85M
DepreciationAmortizationDepletion101.45M93.14M92.38M89.65M
DepreciationAndAmortization101.45M93.14M92.38M89.65M
EarningsLossesFromEquityInvestments0.00
NetIncomeFromContinuingOperations156.78M101.35M43.12M72.37M
SEC Filings

Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.

Public Trades for CAKE
Date User Asset Broker Type Position Size Entry Price Patterns