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Part II
Item 5: Market for the Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities
Our common stock is listed on the Nasdaq Stock Market® under the symbol CAKE. The following table sets forth, for the periods indicated, the high and low sales prices as reported on the Nasdaq Stock Market.
| |
 |
High* |
Low* |
|
|
| Fiscal 2003: |
|
| First Quarter |
$ |
25.05 |
|
$ |
18.18 |
|
| Second Quarter |
|
24.39 |
|
|
20.29 |
|
| Third Quarter |
|
25.93 |
|
|
21.05 |
|
| Fourth Quarter |
|
29.96 |
|
|
23.50 |
|
| |
| Fiscal 2004: |
|
| First Quarter |
$ |
32.75 |
|
$ |
27.03 |
|
| Second Quarter |
|
32.25 |
|
|
25.01 |
|
| Third Quarter |
|
29.13 |
|
|
25.18 |
|
| Fourth Quarter |
|
33.50 |
|
|
27.58 |
|
| * |
Prices have been adjusted to reflect a three-for-two stock split effected in the form of a 50% stock dividend payable December 8, 2004. |
Since our initial public offering in September 1992, we have not declared or paid any cash dividends on our common stock. We currently intend to retain all earnings for the operation and expansion of our business. Although we have the financial capacity to consider paying a cash dividend and remain compliant with the covenants of our revolving credit and term loan facility, we have no current plans to do so. There were approximately 810 holders of record of our common stock at March 21, 2005 and we estimate there were approximately 36,000 beneficial stockholders on that date.
During the quarterly period ended December 28, 2004, the Company made no purchases of equity securities that are registered by us pursuant to Section 12 of the Exchange Act.
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