CAKE CHEESECAKE FACTORY INC

Did the company actually spend money buying back stock in 3+ of the last 4 quarters?

Bought back stock in 4/4 quarters. Q2 2026: $0M, Q1 2026: $141M, Q3 2025: $1M, Q2 2025: $4M

Is the most recent quarter's buyback spend more than 15% above the trailing average?

Latest quarter $0M vs trailing avg $49M (-100%)

What percentage of free cash flow is going to buybacks? Bull: 30%+. Bear: negative FCF or no buybacks.

Negative FCF ($-111M), buybacks not supported by cash flow

How fast are they shrinking the float? Bull: 2%+ annually. Bear: under 0.5%.

Repurchased 6,000,000 shares = 12.1% of 49,635,893 outstanding (annualized)

Are officers and directors buying stock with their own money on the open market?

1 open-market purchase by Ames Edie A

• Ames Edie A () bought 500 shares at $49.51 on 2018-03-12

Are both company buybacks and insider buying independently active? Bull when the company is buying back stock in 2+ quarters and insiders have made 2+ open-market purchases.

Company buybacks in 4 quarters but insufficient insider buying

Over the last 90 days, are insiders net buyers or net sellers on the open market?

Insiders bought $0M, sold $22M in the last 90 days (net selling)

Active buyback + insiders net selling 3x+ more than buying. Company cash may be supporting price while insiders exit.

Company buying back stock while insiders sold 1209.2x more than bought. 2 C-suite officers among sellers

• Gordon David M (PRESIDENT) sold 16,866 shares on 2026-08-10
• Gordon David M (PRESIDENT) sold 15,084 shares on 2026-08-10
• Clark Matthew Eliot (EXEC VP, CFO) sold 68,900 shares on 2026-07-30
• Clark Matthew Eliot (EXEC VP, CFO) sold 7,000 shares on 2026-02-25