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Scarlett May, Executive Vice President and General Counsel of Cheesecake Factory Inc. (NASDAQ:CAKE), a restaurant chain with a market capitalization of $2.73 billion and a "GOOD" financial health rating according to InvestingPro, recently executed significant stock transactions as reported in a Form 4 filing with the SEC. On May 29, 2025, May sold a total of 20,800 shares of the company’s common stock, generating approximately $1.17 million. The sale prices ranged from $55.9795 to $56.0607 per share, notably near the stock’s 52-week high of $57.32. The company’s shares have delivered an impressive 46.76% return over the past year. InvestingPro analysis indicates the stock is currently overvalued, with additional insights available in the comprehensive Pro Research Report.
In addition to the sales, May acquired 20,800 shares through the exercise of stock options, with prices ranging from $46.03 to $52.14 per share. After these transactions, May holds 31,541 shares directly, including shares of restricted stock subject to forfeiture. The timing of these transactions aligns with the stock trading near its historical highs, reflecting the company’s strong market performance.
In other recent news, The Cheesecake Factory reported a strong financial performance for the first quarter of 2025, with earnings per share (EPS) of $0.93, surpassing analyst expectations of $0.81. The company’s total revenues reached $927.2 million, slightly below the forecast of $928.07 million but still near the high end of guidance. The company has now achieved six consecutive quarters of over 20% earnings growth, highlighting robust operational strength. In addition to financial updates, The Cheesecake Factory’s stockholders approved an amendment to the company’s Stock Incentive Plan during the 2025 annual stockholders’ meeting. All directors were re-elected, and the selection of the accounting firm was ratified with significant support. Furthermore, the company plans to open up to 25 new restaurants in 2025, with projected total revenues of approximately $3.76 billion for the fiscal year. The Cheesecake Factory continues to focus on menu innovation and staff retention as part of its strategic initiatives. Analyst firms have not recently issued upgrades or downgrades for the company, but investor sentiment remains positive following the earnings announcement.
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