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Cheesecake factory director Alexander Cappello sells $6,789 in stock By Investing.com
- Investing
Ramit Sethi- 3 minutes read
Alexander L. Cappello, a director at The Cheesecake Factory Inc. (), sold shares of the company’s common stock on August 4, 2026.
Mr. Cappello disposed of 64 shares at a price of $106.08 per share, totaling $6,789. The sale came as the stock trades near its 52-week high of $107.95, following a remarkable year-to-date return of 115%.
Following this transaction, Mr. Cappello indirectly beneficially owns 3,853 shares of common stock through Maricopa Capital LLC, where he is the sole shareholder. Additionally, 178 shares are held indirectly in custodial accounts for his children, with his spouse acting as custodian. According to InvestingPro analysis, CAKE currently appears overvalued relative to its Fair Value—one of 14 additional ProTips available to subscribers.
In other recent news, The Cheesecake Factory reported impressive second-quarter fiscal 2026 results, with adjusted earnings of $1.44 per share, surpassing Wall Street’s estimate of $1.15. Revenue reached a record $1.03 billion, exceeding forecasts of $994.35 million, marking the first time the company’s quarterly sales crossed the $1 billion threshold. This performance was highlighted by a 5.8% growth in same-store sales, driven by a 2.7% increase in traffic, which outperformed the consensus estimate of 2.2%.
Following these results, Morgan Stanley upgraded its rating on Cheesecake Factory from Underweight to Equalweight, raising the price target to $80.00 from $50.00, citing strong sales fundamentals. Mizuho also raised its price target to $93 from $85, maintaining a Neutral rating, due to the company’s better-than-expected comparable sales performance. Meanwhile, Jefferies downgraded the stock from Buy to Hold, despite increasing its price target to $88.00 from $75.00. These developments reflect the company’s robust financial performance and the varied analyst perspectives on its future trajectory.
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