Chairman and C.E.O. of Cheesecake Factory, Inc. (CAKE) David Overton sells 3,720 shares of CAKE on 11/19/2012 at an average price of $33.65 a share.

Cheesecake Factory, Inc. has a market cap of $1.79 billion; its shares were traded at around $33.92 with a P/E ratio of 17.5 and P/S ratio of 1. The dividend yield of Cheesecake Factory, Inc. stocks is 1.4%. Cheesecake Factory, Inc. had an annual average earning growth of 11.4% over the past 10 years. GuruFocus rated Cheesecake Factory, Inc. the business predictability rank of 4-star.

CFO Recent Trades:

• Exec VP, CFO Doug Benn sold 6,351 shares of CAKE stock on 09/07/2012 at the average price of 34.54. Doug Benn owns at least 54,553 shares after this. The price of the stock has decreased by 1.8% since.

This is the insider trade history vs. stock price of CAKE. For the complete insider trading history of CAKE, click here.

Directors and Officers Recent Trades:

• Director Herbert Simon bought 25,000 shares of CAKE stock on 08/13/2012 at the average price of 32.82. Herbert Simon owns at least 150,000 shares after this. The price of the stock has increased by 3.35% since.
• Director Laurence B Mindel bought 5,000 shares of CAKE stock on 06/05/2012 at the average price of 30.31. Laurence B Mindel owns at least 5,000 shares after this. The price of the stock has increased by 11.91% since.
• Director Herbert Simon bought 25,000 shares of CAKE stock on 06/04/2012 at the average price of 29.74. Herbert Simon owns at least 125,000 shares after this. The price of the stock has increased by 14.06% since.
• Chairman and C.E.O. David Overton sold 3,720 shares of CAKE stock on 11/19/2012 at the average price of 33.65. David Overton owns at least 135,211 shares after this. The price of the stock has increased by 0.8% since.
• Exec VP, Gen Counsel & Secy Debby R Zurzolo sold 10,000 shares of CAKE stock on 09/06/2012 at the average price of 34.4. Debby R Zurzolo owns at least 43,881 shares after this. The price of the stock has decreased by 1.4% since.

For the complete insider trading history of CAKE, click here.

Why CEOs Are Buying Stocks Of Their Own Companies?

1. As legendary investor Peter Lynch said: "Insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise."
2. TOP EXECUTIVES like CEOs and CFOs are savvy buyers of their companies' shares. One long-term study showed that they beat the market on average by six percentage points a year.
3. Another study found that the aggregated activities of insiders can serve as a good indicator to locate market bottoms. Insiders as a whole are smart investors of their own companies.

Click it to Check Out What the CEO Are Trading

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