Cheesecake Factory (CAKE) Stock: President and Director Offload Millions Near Record High
TLDR
- Director Edie A. Ames sold 3,000 CAKE shares worth $320,850 at $106.95 per share on August 10, 2026
- President David M. Gordon sold 31,950 shares generating proceeds of $3,515,369
- CAKE stock has since risen to $117.22, near its 52-week high of $117.97
- The stock is up 84% over the past year and 126.75% year-to-date
- CAKE reported record Q2 revenue of $1.03 billion, beating estimates, with EPS of $1.44 vs. $1.15 expected
Cheesecake Factory (CAKE) insiders have been busy at the sell button, with two major transactions reported on August 12, 2026.
The Cheesecake Factory Incorporated, CAKE
Director Edie A. Ames sold 3,000 shares on August 10 at $106.95 per share, totaling $320,850. Following the sale, she still holds 10,000 shares indirectly through the Ames Living Trust.
The same filing also corrected a historic omission, reporting a 500-share purchase Ames made back on March 12, 2018 at $49.51 per share. That transaction had been left out of prior Section 16 reports.
The bigger move came from President David M. Gordon, who sold 31,950 shares for total proceeds of $3,515,369. That is the kind of number that tends to catch investors’ attention.
… Continue reading the full article at the original source below.
