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

Oppenheimer Asset Management Inc. bought a new position in shares of The Cheesecake Factory Incorporated (NASDAQ:CAKE) during the second quarter, HoldingsChannel.com reports. The firm bought 32,759 shares of the restaurant operator’s stock, valued at approximately $2,606,000.

Other institutional investors also recently modified their holdings of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Cheesecake Factory by 4.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 28,742 shares of the restaurant operator’s stock valued at $1,399,000 after acquiring an additional 1,268 shares during the period. Woodline Partners LP grew its holdings in Cheesecake Factory by 30.9% during the first quarter. Woodline Partners LP now owns 92,664 shares of the restaurant operator’s stock valued at $4,509,000 after purchasing an additional 21,887 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in Cheesecake Factory by 8.5% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 109,800 shares of the restaurant operator’s stock valued at $5,343,000 after purchasing an additional 8,592 shares during the period. Northwestern Mutual Wealth Management Co. increased its stake in Cheesecake Factory by 32.0% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,333 shares of the restaurant operator’s stock valued at $83,000 after purchasing an additional 323 shares in the last quarter. Finally, First Trust Advisors LP increased its stake in Cheesecake Factory by 5.0% in the second quarter. First Trust Advisors LP now owns 112,020 shares of the restaurant operator’s stock valued at $7,019,000 after purchasing an additional 5,326 shares in the last quarter. 94.48% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on CAKE. Jefferies Financial Group cut shares of Cheesecake Factory from a “buy” rating to a “hold” rating and lifted their price target for the stock from $75.00 to $88.00 in a research report on Wednesday, July 29th. Zacks Research upgraded shares of Cheesecake Factory from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 30th. Mizuho upped their price objective on shares of Cheesecake Factory from $85.00 to $93.00 and gave the company a “neutral” rating in a research report on Wednesday, July 29th. Citigroup raised their price objective on Cheesecake Factory from $76.00 to $90.00 and gave the stock a “buy” rating in a research note on Friday, July 10th. Finally, JPMorgan Chase & Co. upgraded Cheesecake Factory from an “underweight” rating to a “neutral” rating and lifted their target price for the stock from $58.00 to $68.00 in a report on Thursday, May 14th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, ten have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, Cheesecake Factory currently has an average rating of “Hold” and an average target price of $81.00.

Key Cheesecake Factory News

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 Stock Performance

Shares of CAKE opened at $113.38 on Friday. The firm has a market cap of $5.64 billion, a P/E ratio of 30.73, a PEG ratio of 2.03 and a beta of 1.00. The Cheesecake Factory Incorporated has a twelve month low of $43.07 and a twelve month high of $118.46. The company has a debt-to-equity ratio of 1.08, a quick ratio of 0.52 and a current ratio of 0.59. The firm’s 50 day moving average price is $86.61 and its two-hundred day moving average price is $69.67.

Cheesecake Factory (NASDAQ:CAKE) last issued its quarterly earnings data on Tuesday, July 28th. The restaurant operator reported $1.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.18 by $0.26. Cheesecake Factory had a net margin of 4.61% and a return on equity of 43.97%. The company had revenue of $1.03 billion during the quarter, compared to the consensus estimate of $999.54 million. During the same quarter in the prior year, the firm earned $1.16 earnings per share. The firm’s revenue was up 7.7% compared to the same quarter last year. On average, analysts forecast that The Cheesecake Factory Incorporated will post 4.47 EPS for the current fiscal year.

Cheesecake Factory Dividend Announcement

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

Insider Activity

In other Cheesecake Factory news, President David M. Gordon sold 31,950 shares of Cheesecake Factory stock in a transaction dated Monday, August 10th. The stock was sold at an average price of $110.03, for a total value of $3,515,458.50. Following the sale, the president owned 26,875 shares of the company’s stock, valued at $2,957,056.25. This trade represents a 54.31% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Matthew Eliot Clark sold 68,900 shares of Cheesecake Factory stock in a transaction dated Thursday, July 30th. The shares were sold at an average price of $99.30, for a total value of $6,841,770.00. Following the completion of the sale, the chief financial officer directly owned 45,109 shares in the company, valued at $4,479,323.70. This represents a 60.43% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 214,281 shares of company stock worth $22,249,374. 8.00% of the stock is currently owned by insiders.

About Cheesecake Factory

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.