Tuesday, November 07, 2017 10:15 PM ET
Cheesecake Factory (CAKE) sees Significant Insider buy Extending Trend of purchases over Last Quarter
Notable insider purchase activity was disclosed in Cheesecake Factory shares in a form 4 document filed with the SEC today, showing — Herbert Simon, Director — bought 25,000 shares in the company having a net market value of approximately $1,087,467. There was one insider buy/sell transaction in the past 90 days prior to this transaction which resulted in the purchase of 400 shares. Adding the most recent activity to this 90-day history indicates insider trades have been net purchases of 25,400 shares and have averaged 12,700 shares per transaction over this time period.
Insiders at Cheesecake Factory have a level of buy/sell trades that is above the 12-peer company average over the last 90-day period. The Commercial Food Services peer group saw 14 buy/sell trades during this period for an average of 1.2 transactions per company. The number of shares per buy/sell trade for Cheesecake Factory insiders was also higher. Within the peer group there were 79,292 shares purchased and 42,264 shares sold with company insiders acquiring 3,703 shares on average.
The data used in creating and writing in this story eliminates all trading activity reported to the SEC that involves awards, options, exercise of derivative securities, company buy-backs, taxes, gifts, shares acquired via inheritance and tenders or exchange offers.
Using proprietary Natural Language Generation (NLG) technology, UpTick evaluates corporate insider filings reported to the SEC and creates real-time news and analysis to report the most significant insider transactions based on transaction type, size and historical trends.
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