CAKE Chart
About

The Cheesecake Factory Incorporated operates and licenses restaurants in the United States and Canada. It operates bakeries that produce cheesecakes and other baked products for its restaurants, international licensees, third-party bakery customers, external foodservice operators, retailers, and distributors. The company 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 2.87B
Enterprise Value 4.44B Income 148.43M Sales 3.75B
Book/sh 8.79 Cash/sh 4.92 Dividend Yield 208.00%
Payout 35.29% Employees 48400 IPO
P/E 18.81 Forward P/E 13.00 PEG
P/S 0.77 P/B 6.55 P/C
EV/EBITDA 13.32 EV/Sales 1.18 Quick Ratio 0.45
Current Ratio 0.58 Debt/Eq 488.02 LT Debt/Eq
EPS (ttm) 3.06 EPS next Y 4.43 EPS Growth -27.90%
Revenue Growth 4.40% Earnings 2026-04-29 ROA 4.46%
ROE 33.74% ROIC Gross Margin 40.39%
Oper. Margin 7.00% Profit Margin 3.96% Shs Outstand 49.86M
Shs Float 40.31M Short Float 26.10% Short Ratio 5.79
Short Interest 52W High 69.70 52W Low 42.69
Beta 0.95 Avg Volume 1.36M Volume 1.28M
Target Price $64.67 Recom Hold Prev Close $56.60
Price $57.57 Change 1.71%
Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$64.67
Mean price target
2. Current target
$57.57
Latest analyst target
3. DCF / Fair value
$42.94
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$57.57
Low
$50.00
High
$76.00
Mean
$64.67

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2026-02-19 main Citigroup Buy → Buy $74
2026-02-19 main Wells Fargo Equal-Weight → Equal-Weight $60
2026-02-19 down Stephens & Co. Overweight → Equal-Weight $65
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
Insider Transactions
Date Shares Value Url Text Insider Position Transaction Start Date Ownership
0 5206 327708.0 Sale at price 62.95 per share. MAY SCARLETT A General Counsel 2026-03-10 00:00:00 D
1 7000 459900.0 Sale at price 65.70 per share. CLARK MATTHEW ELIOT Chief Financial Officer 2026-02-25 00:00:00 D
2 2951 193689.0 Sale at price 65.64 per share. HANSCOM ASHLEY W Officer 2026-02-25 00:00:00 D
3 4790 316122.0 Sale at price 66.00 per share. ALEX SPERO G Officer 2026-02-25 00:00:00 I
4 635 40475.0 Sale at price 63.74 per share. CAPPELLO ALEXANDER L Director 2026-02-23 00:00:00 I
5 113395 Stock Award(Grant) at price 0.00 per share. OVERTON DAVID M Chief Executive Officer 2026-02-11 00:00:00 D
6 12933 Stock Award(Grant) at price 0.00 per share. MAY SCARLETT A General Counsel 2026-02-11 00:00:00 D
7 25947 Stock Award(Grant) at price 0.00 per share. CLARK MATTHEW ELIOT Chief Financial Officer 2026-02-11 00:00:00 D
8 29161 Stock Award(Grant) at price 0.00 per share. GORDON DAVID M President 2026-02-11 00:00:00 D
9 2280 Stock Award(Grant) at price 0.00 per share. HANSCOM ASHLEY W Officer 2026-02-11 00:00:00 D
Financials
Line Item2025-12-312024-12-312023-12-312022-12-31
TaxEffectOfUnusualItems-7.69M-3.62M-13.97M-12.93M
TaxRateForCalcs0.090.080.210.21
NormalizedEBITDA368.78M326.18M269.84M194.34M
TotalUnusualItems-86.41M-43.57M-66.53M-61.58M
TotalUnusualItemsExcludingGoodwill-86.41M-43.57M-66.53M-61.58M
NetIncomeFromContinuingOperationNetMinorityInterest148.43M156.78M101.35M43.12M
ReconciledDepreciation109.03M101.45M93.14M92.38M
ReconciledCostOfRevenue2.13B2.07B2.03B2.02B
EBITDA282.37M282.60M203.31M132.76M
EBIT173.34M181.15M110.17M40.38M
NetInterestIncome-10.45M-10.11M-10.16M-7.49M
InterestExpense10.45M10.11M10.16M7.49M
NormalizedIncome227.15M196.74M153.91M91.77M
NetIncomeFromContinuingAndDiscontinuedOperation148.43M156.78M101.35M43.12M
TotalExpenses3.49B3.36B3.26B3.20B
TotalOperatingIncomeAsReported187.28M178.32M108.57M38.94M
DilutedAverageShares48.97M49.05M50.41M48.51M
BasicAverageShares47.79M48.32M49.81M47.53M
DilutedEPS3.202.070.861.01
BasicEPS3.282.100.871.03
DilutedNIAvailtoComStockholders148.43M156.78M101.35M43.12M
AverageDilutionEarnings0.000.0085.00K
NetIncomeCommonStockholders148.43M156.78M101.35M43.12M
OtherunderPreferredStockDividend0.000.004.58M
PreferredStockDividends18.66M
NetIncome148.43M156.78M101.35M43.12M
NetIncomeIncludingNoncontrollingInterests148.43M156.78M101.35M43.12M
NetIncomeContinuousOperations148.43M156.78M101.35M43.12M
TaxProvision14.47M14.26M-1.34M-10.23M
PretaxIncome162.90M171.05M100.01M32.89M
OtherIncomeExpense-84.46M-40.73M-64.92M-60.14M
OtherNonOperatingIncomeExpenses1.95M2.84M1.61M1.45M
SpecialIncomeCharges-86.41M-43.57M-66.53M-61.58M
OtherSpecialCharges48.97M27.50M25.38M16.83M
WriteOff22.99M13.65M29.46M31.39M
RestructuringAndMergernAcquisition14.45M2.43M11.69M13.37M
EarningsFromEquityInterest0.00
NetNonOperatingInterestIncomeExpense-10.45M-10.11M-10.16M-7.49M
InterestExpenseNonOperating10.45M10.11M10.16M7.49M
OperatingIncome257.80M221.89M175.09M100.52M
OperatingExpense1.37B1.29B1.23B1.18B
OtherOperatingExpenses1.01B959.22M922.43M881.63M
DepreciationAmortizationDepletionIncomeStatement109.03M101.45M93.14M92.38M
DepreciationAndAmortizationInIncomeStatement109.03M101.45M93.14M92.38M
SellingGeneralAndAdministration244.91M228.74M217.45M205.75M
GeneralAndAdministrativeExpense244.91M228.74M217.45M205.75M
OtherGandA244.91M228.74M217.45M205.75M
GrossProfit1.63B1.51B1.41B1.28B
CostOfRevenue2.13B2.07B2.03B2.02B
TotalRevenue3.75B3.58B3.44B3.30B
OperatingRevenue3.75B3.58B3.44B3.30B
Line Item2025-12-312024-12-312023-12-312022-12-31
TreasurySharesNumber59.91M57.06M56.54M55.15M
OrdinarySharesNumber49.64M51.33M50.65M51.17M
ShareIssued109.55M108.39M107.20M106.32M
NetDebt414.35M367.89M413.76M353.25M
TotalDebt2.13B1.91B1.86B1.84B
TangibleBookValue184.62M191.67M66.33M40.48M
InvestedCapital1.07B895.52M788.11M760.03M
WorkingCapital-322.18M-378.11M-359.87M-310.91M
NetTangibleAssets184.62M191.67M66.33M40.48M
CapitalLeaseObligations1.50B1.46B1.39B1.37B
CommonStockEquity436.43M443.45M318.06M292.00M
TotalCapitalization997.69M895.52M788.11M760.03M
TotalEquityGrossMinorityInterest436.43M443.45M318.06M292.00M
StockholdersEquity436.43M443.45M318.06M292.00M
GainsLossesNotAffectingRetainedEarnings-1.04M-1.61M-694.00K-982.00K
OtherEquityAdjustments-1.04M-1.61M-694.00K-982.00K
TreasuryStock1.98B1.83B1.81B1.77B
RetainedEarnings1.41B1.32B1.22B1.17B
AdditionalPaidInCapital1.01B956.11M913.44M887.49M
CapitalStock1.09M1.08M1.07M1.06M
CommonStock1.09M1.08M1.07M1.06M
PreferredStock0.000.000.000.00
TotalLiabilitiesNetMinorityInterest2.83B2.60B2.52B2.48B
TotalNonCurrentLiabilitiesNetMinorityInterest2.05B1.89B1.86B1.83B
OtherNonCurrentLiabilities29.35M27.64M42.67M46.72M
TradeandOtherPayablesNonCurrent0.00
NonCurrentDeferredLiabilities125.21M108.17M93.98M78.29M
LongTermDebtAndCapitalLeaseObligation1.89B1.75B1.73B1.70B
LongTermCapitalLeaseObligation1.33B1.30B1.25B1.23B
LongTermDebt561.26M452.06M470.05M468.03M
CurrentLiabilities777.01M711.42M660.67M656.68M
CurrentDeferredLiabilities212.86M226.81M222.91M230.56M
CurrentDeferredRevenue212.86M226.81M222.91M219.81M
CurrentDebtAndCapitalLeaseObligation236.16M157.14M134.91M139.10M
CurrentCapitalLeaseObligation167.35M157.14M134.91M139.10M
CurrentDebt68.81M
OtherCurrentBorrowings68.81M
PensionandOtherPostRetirementBenefitPlansCurrent29.83M29.70M28.95M27.33M
PayablesAndAccruedExpenses298.16M297.77M273.90M259.69M
CurrentAccruedExpenses211.66M213.26M190.38M168.19M
Payables86.50M84.51M83.52M91.50M
TotalTaxPayable23.78M22.42M20.36M24.86M
AccountsPayable62.71M62.09M63.15M66.64M
TotalAssets3.26B3.04B2.84B2.78B
TotalNonCurrentAssets2.81B2.71B2.54B2.43B
OtherNonCurrentAssets9.85M9.59M8.54M8.10M
NonCurrentDeferredAssets230.74M205.94M186.08M154.79M
NonCurrentDeferredTaxesAssets104.60M97.85M91.94M76.25M
GoodwillAndOtherIntangibleAssets251.81M251.79M251.73M251.52M
OtherIntangibleAssets250.35M250.34M250.28M250.07M
Goodwill1.45M1.45M1.45M1.45M
NetPPE2.31B2.24B2.09B2.02B
AccumulatedDepreciation-1.46B-1.38B-1.34B-1.26B
GrossPPE3.77B3.62B3.43B3.27B
Leases1.40B1.33B1.29B1.23B
ConstructionInProgress43.63M75.43M58.07M36.67M
OtherProperties1.44B1.40B1.30B1.27B
MachineryFurnitureEquipment821.22M753.62M722.12M682.28M
BuildingsAndImprovements44.98M44.53M44.18M44.14M
LandAndImprovements17.45M17.30M15.85M15.85M
Properties0.000.000.000.00
CurrentAssets454.83M333.31M300.80M345.77M
PrepaidAssets54.71M54.69M63.09M48.40M
Inventory53.97M64.53M57.65M55.56M
FinishedGoods14.90M20.21M16.23M17.25M
RawMaterials39.07M44.32M41.42M38.31M
Receivables130.42M129.92M123.76M127.03M
OtherReceivables109.72M112.50M103.09M105.51M
TaxesReceivable20.70M17.42M20.67M21.52M
CashCashEquivalentsAndShortTermInvestments215.73M84.18M56.29M114.78M
CashAndCashEquivalents215.73M84.18M56.29M114.78M
Line Item2025-12-312024-12-312023-12-312022-12-31
FreeCashFlow154.02M106.91M65.18M48.78M
RepurchaseOfCapitalStock-153.90M-18.23M-46.09M-63.13M
RepaymentOfDebt-399.80M-20.00M-15.00M-130.00M
IssuanceOfDebt575.00M0.0015.00M130.00M
IssuanceOfCapitalStock0.000.00175.00M
CapitalExpenditure-147.26M-161.42M-153.22M-113.14M
InterestPaidSupplementalData8.68M12.89M9.76M7.23M
IncomeTaxPaidSupplementalData22.78M19.12M14.47M14.69M
EndCashPosition215.73M84.18M56.29M114.78M
BeginningCashPosition84.18M56.29M114.78M189.63M
EffectOfExchangeRateChanges315.00K-548.00K144.00K-325.00K
ChangesInCash131.24M28.43M-58.63M-74.53M
FinancingCashFlow-22.78M-78.79M-123.53M-123.64M
CashFlowFromContinuingFinancingActivities-22.78M-78.79M-123.53M-123.64M
NetOtherFinancingCharges-16.50M-24.24M-18.32M-35.10M
ProceedsFromStockOptionExercised24.61M12.47M0.0084.00K
CashDividendsPaid-52.19M-53.04M-53.21M-42.27M
PreferredStockDividendPaid0.000.00-18.66M
CommonStockDividendPaid-52.19M-53.04M-53.21M-42.27M
NetPreferredStockIssuance0.000.00-443.75M
PreferredStockPayments0.000.00-443.75M
PreferredStockIssuance0.000.00
NetCommonStockIssuance-153.90M-18.23M-46.09M-63.13M
CommonStockPayments-153.90M-18.23M-46.09M-63.13M
CommonStockIssuance0.000.00175.00M
NetIssuancePaymentsOfDebt175.20M-20.00M0.000.00
NetShortTermDebtIssuance-110.00M-20.00M0.000.00
ShortTermDebtPayments-110.00M-20.00M-15.00M-130.00M
ShortTermDebtIssuance0.000.0015.00M130.00M
NetLongTermDebtIssuance285.20M0.000.00-130.00M
LongTermDebtPayments-289.80M0.000.00-130.00M
LongTermDebtIssuance575.00M0.000.000.00
InvestingCashFlow-147.26M-161.10M-153.50M-112.81M
CashFlowFromContinuingInvestingActivities-147.26M-161.10M-153.50M-112.81M
NetOtherInvestingChanges321.00K-274.00K329.00K-1.06M
NetBusinessPurchaseAndSale0.00
PurchaseOfBusiness0.00
NetIntangiblesPurchaseAndSale-1.06M-1.05M-1.66M-680.00K
PurchaseOfIntangibles-1.06M-1.05M-1.66M-680.00K
NetPPEPurchaseAndSale-146.20M-160.36M-151.56M-112.46M
PurchaseOfPPE-146.20M-160.36M-151.56M-112.46M
OperatingCashFlow301.28M268.32M218.40M161.93M
CashFlowFromContinuingOperatingActivities301.28M268.32M218.40M161.93M
ChangeInWorkingCapital-3.21M-20.07M-13.15M-10.68M
ChangeInOtherWorkingCapital-13.11M-29.05M-26.26M-3.75M
ChangeInOtherCurrentLiabilities-13.96M3.90M3.10M8.63M
ChangeInOtherCurrentAssets-17.81M-13.99M-14.50M13.74M
ChangeInPayablesAndAccruedExpense35.22M19.32M41.40M7.65M
ChangeInAccruedExpense33.52M21.15M37.42M-9.94M
ChangeInPayable1.70M-1.83M3.97M17.59M
ChangeInAccountPayable1.70M-1.83M3.97M17.59M
ChangeInPrepaidAssets-30.00K8.35M-14.69M-11.96M
ChangeInInventory10.56M-6.88M-2.09M-12.72M
ChangeInReceivables-4.08M-1.72M-98.00K-12.27M
OtherNonCashItems-8.71M-6.51M
StockBasedCompensation27.23M29.96M25.78M24.43M
AssetImpairmentCharge19.32M12.77M27.00M31.33M
DeferredTax-6.71M-6.06M-15.71M-18.65M
DeferredIncomeTax-6.71M-6.06M-15.71M-18.65M
DepreciationAmortizationDepletion109.03M101.45M93.14M92.38M
DepreciationAndAmortization109.03M101.45M93.14M92.38M
OperatingGainsLosses15.89M
EarningsLossesFromEquityInvestments0.00
NetIncomeFromContinuingOperations148.43M156.78M101.35M43.12M
SEC Filings

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

Public Trades for CAKE
Date User Broker Pattern Type Position Size Entry Price Trade P&L Status