A Cheesecake Factory Director Sells 1,958 Shares as the Stock Soars. Here's a Closer Look at the Transaction.
The restaurant chain reported a notable insider sale amid a 73% surge in stock price over the past year.
Overview
Janice L. Meyer, a member of the Board of Directors at The Cheesecake Factory Incorporated (NASDAQ:CAKE), sold 1,958 shares of common stock on August 17, 2026 according to a recent SEC Form 4 filing.
Transaction value based on SEC Form 4 weighted average sale price ($109.36); post-transaction value based on August 17, 2026 market close ($109.07).
Details
The Cheesecake Factory Incorporated operates as a leading casual dining restaurant chain with approximately 48,400 employees and a market cap of $5.4 billion. The company leverages its iconic brand and proprietary bakery capabilities to drive revenue across multiple distribution channels, including direct restaurant operations, product licensing, and wholesale bakery sales.
Source
Originally published at www.fool.com.