The Cheesecake Factory
Operator of The Cheesecake Factory, North Italia, Flower Child, and other restaurant concepts.
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Profile
Runs The Cheesecake Factory, North Italia, Flower Child, and other Fox Restaurant Concepts brands across the United States and Canada, earning primarily from company-operated restaurants. Bakeries supply desserts to restaurants, international licensees, and outside customers, while the namesake chain contributes most revenue.
Operates a multi-brand restaurant portfolio across the United States and Canada, anchored by The Cheesecake Factory's upscale-casual restaurants. North Italia serves made-from-scratch Italian food, Flower Child operates in fast-casual dining, and the wider Fox Restaurant Concepts portfolio includes Culinary Dropout, The Henry, and Blanco.
Differentiates the namesake chain through a broad scratch-prepared menu, distinctive high-traffic locations, frequent menu updates, and hospitality-focused service. Company-owned bakeries supply cheesecakes and other desserts to its restaurants, international licensees, and outside foodservice and retail customers.
The namesake chain generates most revenue, while newer concepts provide the main restaurant expansion pipeline. International namesake locations are run by licensing partners. Results depend on discretionary dining traffic, staffing and wage levels, food costs and safety, suitable real estate, and consistent execution of labor-intensive menus.
Company facts
Categories
Key statistics
Year to date +112% · Average volume (30d) 1.9M
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior rating | Rating | Prior target | Target |
|---|---|---|---|---|---|---|
| Jul 30, 2026 | Argus Research | Target | $72 | $110 | ||
| Jul 29, 2026 | Oppenheimer | Target | $91 | $101 | ||
| Jul 29, 2026 | Robert W. Baird | Target | $65 | $90 | ||
| Jul 29, 2026 | Mizuho Securities | Target | $85 | $93 | ||
| Jul 29, 2026 | Jefferies | Downgrade | Buy | Hold | $70 | $88 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Jul 28, 2026Q2 FY26 | $1.18 | $1.44 | +22.0% | $999.5M | $1.03B | +3.0% | +13.63% |
| Apr 29, 2026Q1 FY26 | $1.03 | $1.05 | +1.9% | $964.6M | $978.8M | +1.5% | +0.32% |
| Feb 18, 2026Q4 FY25 | $0.98 | $1.00 | +2.0% | $948.9M | $961.6M | +1.3% | −2.58% |
| Oct 28, 2025Q3 FY25 | $0.60 | $0.68 | +13.3% | $948.9M | $907.2M | −4.4% | −7.25% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $927.2M | $955.8M | $907.2M | $961.6M | $978.8M | $1.03B | |
| Gross profit | $724.9M | $750.0M | $709.6M | $754.2M | $154.5M | $181.6M | |
| Operating income | $52.0M | $64.8M | $37.3M | $33.2M | $55.0M | $78.6M | |
| Net income | $32.9M | $54.8M | $31.9M | $28.8M | $49.5M | $68.4M | |
| Diluted EPS | $0.67 | $1.14 | $0.66 | $0.60 | $1.02 | $1.41 | |
| Gross margin | 78.2% | 78.5% | 78.2% | 78.4% | 15.8% | 17.6% | |
| Operating margin | 5.6% | 6.8% | 4.1% | 3.5% | 5.6% | 7.6% |
Fiscal years (4-quarter sums)FY21 $2.93B · FY22 $3.30B · FY23 $3.44B · FY24 $3.58B · FY25 $3.75B
Revenue by product · Q2 FY26
Balance sheet, Jun 30, 2026Cash & short-term investments $195.2M · Total debt $2.08B · Total assets $3.29B · Shareholders' equity $519.0M
Dividends
Raised for 3 straight years — most recently to $0.30 from $0.27 in Mar 2026. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Aug 11, 2026 | Aug 11 | Aug 25 | $0.30 | |
| May 13, 2026 | May 13 | May 26 | $0.30 | |
| Mar 4, 2026 | Mar 4 | Mar 17 | $0.30 | raised from $0.27 |
| Nov 10, 2025 | Nov 11 | Nov 25 | $0.27 | |
| Aug 12, 2025 | Aug 12 | Aug 26 | $0.27 | |
| May 14, 2025 | May 14 | May 27 | $0.27 | |
| Mar 5, 2025 | Mar 5 | Mar 18 | $0.27 | |
| Nov 13, 2024 | Nov 13 | Nov 26 | $0.27 |
Ownership
A 13F quarter can total more than the shares outstanding — sub-advisers file the same block twice, and a filer's own share count can be a quarter stale. No split is drawn from it.
Shares outstanding 49.69M · Float 45.67M · 91.9% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| BlackRock, Inc. | 6.98M | 14.04% | 13F | Aug 7, 2026 |
| FMR LLC | 6.10M | 12.27% | 13F | Aug 13, 2026 |
| Vanguard Portfolio Management LLC | 2.85M | 5.74% | 13F | Aug 13, 2026 |
| Vanguard Capital Management LLC | 2.03M | 4.08% | 13F | Aug 13, 2026 |
| Earnest Partners LLC | 2.01M | 4.05% | 13F | Aug 13, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 17, 2026 | Janice L. Meyer | director | −1,958 | $109.36 |
| Aug 10, 2026 | Edie A. Ames | director | −3,000 | $106.95 |
| Mar 12, 2018 | Edie A. Ames | director | +500 | $49.51 |
| Aug 10, 2026 | David M. Gordon | officer: PRESIDENT | −31,950 | $110.03 |
| Aug 4, 2026 | Alexander L. Cappello | director | −64 | $106.08 |
Peers
- Darden Restaurants
Broad full-service rival across Italian, casual, and polished dining
- Brinker International
Direct casual-dining overlap through Chili's and Maggiano's
- Bloomin' Brands
Multi-brand casual rival in steak, Italian, seafood, and polished dining
- BJ's Restaurants
Varied-menu full-service peer with bar, pizza, entree, and dessert overlap
- Texas Roadhouse
Scaled casual-dining traffic rival led by steakhouse occasions
- CAVA
Health-forward fast-casual overlap with Flower Child
- Sweetgreen
Salad-and-bowl fast-casual peer for Flower Child
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| The Cheesecake Factory | $112.01 | −0.06% | $5.57B | 30.4 | 24.3 | 1.4 | +7.7% |
| Darden Restaurants | $215.68 | −0.03% | $24.70B | 20.8 | 19.1 | 1.9 | +13.7% |
| Brinker International | $230.19 | −0.04% | $9.87B | 21.2 | 17.3 | 1.7 | +5.1% |
| Bloomin' Brands | $10.52 | −0.66% | $905.8M | 34.1 | 11.4 | 0.2 | +1.3% |
| BJ's Restaurants | $65.12 | +0.08% | $1.37B | 34.4 | 24.9 | 1.0 | +6.4% |
| Texas Roadhouse | $198.99 | +0.04% | $13.08B | 31.8 | 27.6 | 2.1 | +11.1% |
| CAVA | $66.76 | −0.26% | $7.80B | 121.3 | 110.1 | 5.7 | +31.3% |
| Sweetgreen | $7.08 | +1.51% | $828.2M | 69.7 | — | 1.2 | +3.8% |
| Median | 34.1 | 22.0 | 1.7 | +6.4% |