Based in Calabasas, California, The Cheesecake Factory operates a chain of casual dining restaurants under The Cheesecake Factory, North Italia and Flower Child, and a collection of FRC brands for a total of 340 restaurants. It also has 34 The Cheesecake Factory restaurants that operate internationally under licensing agreements. In addition to restaurants, CAKE operates two bakeries that produce cheesecakes and other baked products for the company's restaurants and other foodservice operators, retailers and distributors. The company has 48,000 employees.

Insider sentiment has improved over the past several weeks, with multiple indicators providing relatively positive results as compared to their recent readings. The overall Insider Index from Vickers Stock Research, which had steadily deteriorated from late 2023 through mid-2024, has now logged multiple weeks of improvement, coming in at -17.55 this week versus -18.55 in the prior week, -19.57 in the week before, and a low of -20.98 in early August. While this is still far from the reading of -7.79 recorded in November 2023 (as the market began a notable rally), it still signals an apparent changing mindset from insiders. Meanwhile, Vickers' Total One-Week Sell/Buy Ratio has improved to 2.86 from last week's reading of 4.62, while the Total eight-week reading has improved to 4.02 from the prior week's 4.49. This signals an increase in buying activity among insiders as compared to selling activity. With the start of earnings season now less than one month away, we will be watching to see if this trend continues in the weeks before insiders are again heavily restricted from trading their stocks. On a sector basis, there was notable insider buying in the Energy sector, with shares valued at $66 million bought versus just $3 million sold. On the flipside, selling by insiders last week was greatest in Information Technology, with shares valued at $846 million sold versus just under $10 million bought. Selling was also of note in Consumer Staples, Financial, Consumer Discretionary, and Communication Services. This week, analysts at Vickers highlighted insider transactions of interest at T-Mobile US Inc. (NGS: TMUS) and PBF Energy Inc. (NYSE: PBF).

Based in Calabasas, California, Cheesecake Factory operates a chain of upscale casual dining restaurants under The Cheesecake Factory, North Italia and Flower Child brands. It also operates other dining concepts, including Blanco, a Mexican restaurant; Culinary Dropout, which offers casual dining; and Fly Bye, a takeout concept. In addition to restaurants, CAKE operates two bakeries that produces cheesecake and other baked products for the company's restaurants and other foodservice operators, retailers and distributors. The company has 48,000 employees.

At midday, the major benchmarks are modestly higher, with individual stocks moving on earnings news. The yield on the benchmark 10-year Treasury note is two basis points higher at 4.44%. Crude oil is up at $80 per barrel. Gold is also up, while Bitcoin is down.