The Cheesecake Factory Incorporated
American publicly traded casual dining restaurant company operating The Cheesecake Factory brand, founded in 1978.
Company Type
public
Founded
1978
Headquarters
Calabasas Hills, California, USA
Stock
NASDAQ: CAKE
About The Cheesecake Factory Incorporated
Who owns The Cheesecake Factory?
The Cheesecake Factory Incorporated is publicly traded on NASDAQ under ticker CAKE. The company has a broad institutional and retail shareholder base. Co-founder David Overton serves as Chairman and CEO.
The Cheesecake Factory Incorporated is publicly traded on NASDAQ under ticker CAKE. The company has a broad institutional and retail shareholder base. Co-founder David Overton serves as Chairman and CEO.
Who founded The Cheesecake Factory?
The Cheesecake Factory was founded by David Overton, who opened the first restaurant in Beverly Hills, California, in 1978. The cheesecake recipes were developed by his mother, Evelyn Overton.
The Cheesecake Factory was founded by David Overton, who opened the first restaurant in Beverly Hills, California, in 1978. The cheesecake recipes were developed by his mother, Evelyn Overton.
Is The Cheesecake Factory publicly traded?
Yes, The Cheesecake Factory Incorporated is publicly traded on NASDAQ under ticker CAKE. The company went public in 1992.
Yes, The Cheesecake Factory Incorporated is publicly traded on NASDAQ under ticker CAKE. The company went public in 1992.
How many Cheesecake Factory locations are there?
The Cheesecake Factory operates more than 300 company-owned locations in the United States, plus international licensed locations in the Middle East, Canada, and other markets.
The Cheesecake Factory operates more than 300 company-owned locations in the United States, plus international licensed locations in the Middle East, Canada, and other markets.
What other restaurant brands does The Cheesecake Factory own?
In addition to The Cheesecake Factory, the company owns North Italia (Italian restaurants) and has a majority interest in Flower Child (health-focused fast-casual restaurants).
In addition to The Cheesecake Factory, the company owns North Italia (Italian restaurants) and has a majority interest in Flower Child (health-focused fast-casual restaurants).
History of The Cheesecake Factory Incorporated
The Cheesecake Factory's origins trace to Evelyn Overton, who began making cheesecakes from her basement in Detroit, Michigan, in the 1940s. Her cheesecakes became popular with local restaurants, and she eventually moved the business to Los Angeles.
Evelyn's son David Overton opened the first Cheesecake Factory restaurant in Beverly Hills, California, in 1978. The restaurant was distinctive for its large portions, extensive menu (far broader than typical casual dining restaurants), and its signature cheesecakes. The concept proved immediately popular.
The Cheesecake Factory expanded through the 1980s, opening locations in California and other states. The company went public on NASDAQ in 1992, raising capital for further expansion.
Throughout the 1990s and 2000s, The Cheesecake Factory expanded nationally, opening locations in major shopping centers and urban areas across the United States. The company became known for its consistently long wait times, which paradoxically reinforced its popularity and perceived value.
The Cheesecake Factory expanded internationally, opening licensed locations in the Middle East, Canada, Mexico, and other markets.
In 2019, The Cheesecake Factory acquired North Italia, a fast-growing Italian restaurant chain, and a majority interest in Flower Child, a health-focused fast-casual concept. These acquisitions marked a strategic shift toward building a portfolio of restaurant brands beyond the flagship Cheesecake Factory concept.
The company was significantly impacted by the COVID-19 pandemic in 2020, temporarily closing dining rooms and pivoting to takeout and delivery. The Cheesecake Factory recovered strongly in 2021 and 2022 as dining restrictions lifted.
For fiscal year 2024, The Cheesecake Factory reported revenue of approximately $3.6 billion.
Brands Owned by The Cheesecake Factory Incorporated
The Cheesecake Factory Incorporated owns 1 brand in our database.
Stock Information
The Cheesecake Factory Incorporated Ownership: Pros & Cons
Advantages
- +Strong brand with distinctive identity (extensive menu, signature cheesecakes, large portions)
- +Approximately $3.6 billion in FY2024 revenue with consistent profitability
- +Growing portfolio with North Italia and Flower Child providing diversification
- +Founder David Overton's continued leadership provides brand consistency
- +International licensing provides revenue with limited capital investment
Considerations
- -High calorie menu items face increasing scrutiny from health-conscious consumers
- -Labor and food cost inflation pressure margins
- -Competition from fast-casual restaurants offering faster service at lower price points
- -2020 rent controversy damaged reputation with landlords and investors
- -Casual dining sector faces structural headwinds from changing dining habits
Frequently Asked Questions About The Cheesecake Factory Incorporated
Who owns The Cheesecake Factory?
The Cheesecake Factory Incorporated is publicly traded on NASDAQ under ticker CAKE. The company has a broad institutional and retail shareholder base. Co-founder David Overton serves as Chairman and CEO.
Who founded The Cheesecake Factory?
The Cheesecake Factory was founded by David Overton, who opened the first restaurant in Beverly Hills, California, in 1978. The cheesecake recipes were developed by his mother, Evelyn Overton.
Is The Cheesecake Factory publicly traded?
Yes, The Cheesecake Factory Incorporated is publicly traded on NASDAQ under ticker CAKE. The company went public in 1992.
How many Cheesecake Factory locations are there?
The Cheesecake Factory operates more than 300 company-owned locations in the United States, plus international licensed locations in the Middle East, Canada, and other markets.
What other restaurant brands does The Cheesecake Factory own?
In addition to The Cheesecake Factory, the company owns North Italia (Italian restaurants) and has a majority interest in Flower Child (health-focused fast-casual restaurants).
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