SCHEDULE 13G/A: BlackRock Amends Stake in Cheesecake Factory, Discloses 13.6% Beneficial Ownership

BlackRock, Inc. has filed an amended Schedule 13G, revealing its beneficial ownership of 13.6% of The Cheesecake Factory Inc.'s common stock as of March 31, 2025.

Summary

• BlackRock, Inc. filed an Amendment No. 3 to its Schedule 13G regarding its beneficial ownership in The Cheesecake Factory Inc.
• As of March 31, 2025, BlackRock, Inc. beneficially owns an aggregate of 7,015,169 shares of The Cheesecake Factory Inc. common stock.
• This aggregate amount represents 13.6% of the class of The Cheesecake Factory Inc.'s common stock.
• BlackRock holds sole voting power over 6,961,453 shares and sole dispositive power over 7,015,169 shares.
• No shared voting or dispositive power is reported by BlackRock.
• The filing indicates that the securities were acquired and are held in the ordinary course of business, not for the purpose of changing or influencing control of the issuer.
• One of BlackRock's entities, iShares Core S&P Small-Cap ETF, is noted to have an interest exceeding five percent of the total outstanding common stock.
• Several BlackRock subsidiaries are identified as relevant entities, with BlackRock Fund Advisors specifically noted as beneficially owning 5% or greater of the outstanding shares.

Sentiment

Score: 5

Explanation: The document is a factual disclosure of beneficial ownership, which is neutral in sentiment. It does not contain positive or negative performance indicators or forward-looking statements from the issuer.

Future Outlook

NA

Management Comments

• BlackRock, Inc. certifies that, to the best of its knowledge and belief, the securities were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities.

Industry Context

This Schedule 13G filing is a routine disclosure by a large institutional investor, BlackRock, Inc., indicating its passive beneficial ownership stake in The Cheesecake Factory Inc. Such filings are common for major asset managers who hold significant positions in publicly traded companies for investment purposes rather than for control or influence over management. It reflects BlackRock's continued investment in the restaurant sector through its various funds and managed portfolios.

Stakeholder Impact

• Shareholders: Provides transparency regarding a significant institutional holder's stake, confirming BlackRock's continued passive investment in the company.

Key Dates

Keywords

BlackRock, Cheesecake Factory, Schedule 13G, Beneficial Ownership, Institutional Investor, Common Stock, Passive Investment, Asset Management, Restaurant Industry