Keith Carango, President of a subsidiary at Cheesecake Factory Inc (CAKE, Financial), executed a sale of 13,095 shares of the company on November 6, 2024. The transaction was filed on November 8, 2024, as per the SEC Filing. Following this transaction, the insider now directly owns 21,650 shares of Cheesecake Factory Inc.
Cheesecake Factory Inc operates as a casual dining restaurant offering an extensive menu of more than 250 items, alongside over 50 types of cheesecakes and desserts. The company operates primarily throughout the United States and has a few international outlets.
Over the past year, Keith Carango has sold a total of 16,880 shares and has not made any purchases of the company's stock. This recent sale is part of a broader trend within the company, where there have been 2 insider sells and no insider buys over the past year.
On the day of the sale, shares of Cheesecake Factory Inc were priced at $49.88. This pricing gives the company a market cap of approximately $2.366 billion. The price-earnings ratio of the stock stands at 17.63, which is below both the industry median of 22.68 and the company's historical median.
The stock's valuation, according to the GF Value, is set at $38.19, indicating that with a current price of $49.88, Cheesecake Factory Inc is considered Modestly Overvalued with a price-to-GF-Value ratio of 1.31.
The GF Value is calculated based on historical trading multiples such as the price-earnings ratio, price-sales ratio, price-book ratio, and price-to-free cash flow, along with a GuruFocus adjustment factor based on past returns and growth, and future business performance estimates from Morningstar analysts.
This insider sale might be of interest to investors tracking insider behaviors and company valuation metrics to gauge market sentiment and potential future stock movements.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
