Cheesecake Factory Inc (CAKE) Files Form 4 Insider Selling : Max S Byfuglin Sells 14,000 Shares

Cheesecake Factory Inc (CAKE): Max S Byfuglin , President (Subsidiary of Cheesecake Factory Inc sold 14,000 shares on May 27, 2016. The Insider selling transaction was reported by the company on May 31, 2016 to the Securities and Exchange Commission. The shares were sold at $49.93 per share for a total value of $699,020.00 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on May 5, 2016, Debby R Zurzolo (Exec VP, Gen Counsel & Secy) sold 1,481 shares at $52.54 per share price.On Mar 11, 2016, Max S Byfuglin (President (Subsidiary) sold 26,868 shares at $52.61 per share price.Also, On Mar 3, 2016, David M Gordon (President) sold 14,800 shares at $51.08 per share price.On Feb 23, 2016, David Overton (Chairman and C.E.O.) sold 280,458 shares at $49.76 per share price.

Cheesecake Factory Inc: On Friday, May 27, 2016 heightened volatility was witnessed in Cheesecake Factory Inc which led to swings in the share price. The shares opened for trading at $49.52 and hit $50.15 on the upside , eventually ending the session at $50.1, with a gain of 1.62% or 0.8 points. The heightened volatility saw the trading volume jump to 5,98,567 shares. The 52-week high of the share price is $58.86 and the company has a market cap of $2,430 M . The 52-week low of the share price is at $44.16.

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The Cheesecake Factory Incorporated is engaged in the restaurant and bakery business. The Company operates approximately 189 Company-owned restaurants: 177 under The Cheesecake Factory mark 11 under the Grand Lux Cafe mark and one under the RockSugar Pan Asian Kitchen mark. It also operates two bakery production facilities which produce desserts for its restaurants international licensees and third-party bakery customers. The Company sells baked goods internationally under both The Cheesecake Factory and The Dream Factory brands in 24 countries including to licensed The Cheesecake Factory restaurants. Items produced for outside accounts are marketed under The Cheesecake Factory brand The Dream Factory brand The Cheesecake Factory Bakery brand and other private labels.

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