Hussman Strategic Advisors Inc. Buys New Holdings in The Cheesecake Factory Incorporated (NASDAQ:CAKE)

Hussman Strategic Advisors Inc. bought a new stake in The Cheesecake Factory Incorporated (NASDAQ:CAKE) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 16,800 shares of the restaurant operator’s stock, valued at approximately $797,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Truist Financial Corp increased its position in Cheesecake Factory by 3.3% in the 4th quarter. Truist Financial Corp now owns 8,045 shares of the restaurant operator’s stock valued at $382,000 after buying an additional 257 shares in the last quarter. Versant Capital Management Inc boosted its stake in Cheesecake Factory by 108.1% during the 4th quarter. Versant Capital Management Inc now owns 616 shares of the restaurant operator’s stock valued at $29,000 after purchasing an additional 320 shares during the last quarter. Pathstone Holdings LLC boosted its stake in Cheesecake Factory by 0.9% during the 3rd quarter. Pathstone Holdings LLC now owns 37,540 shares of the restaurant operator’s stock valued at $1,522,000 after purchasing an additional 329 shares during the last quarter. Golden State Wealth Management LLC acquired a new position in Cheesecake Factory during the 4th quarter valued at about $25,000. Finally, Harbor Capital Advisors Inc. boosted its stake in Cheesecake Factory by 2.4% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 23,110 shares of the restaurant operator’s stock valued at $937,000 after purchasing an additional 532 shares during the last quarter. 94.48% of the stock is owned by institutional investors.

Cheesecake Factory Trading Up 1.3 %

NASDAQ:CAKE opened at $54.97 on Friday. The firm’s 50 day moving average is $51.06 and its 200 day moving average is $45.31. The company has a current ratio of 0.44, a quick ratio of 0.33 and a debt-to-equity ratio of 1.19. The Cheesecake Factory Incorporated has a 12 month low of $33.05 and a 12 month high of $57.32. The stock has a market capitalization of $2.81 billion, a PE ratio of 20.90, a price-to-earnings-growth ratio of 1.34 and a beta of 1.51.

Cheesecake Factory (NASDAQ:CAKE) last issued its earnings results on Wednesday, February 19th. The restaurant operator reported $1.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.91 by $0.13. Cheesecake Factory had a net margin of 3.63% and a return on equity of 43.90%. The business had revenue of $920.96 million for the quarter, compared to analysts’ expectations of $912.67 million. Sell-side analysts expect that The Cheesecake Factory Incorporated will post 3.32 earnings per share for the current year.

Cheesecake Factory Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 18th. Shareholders of record on Wednesday, March 5th will be issued a dividend of $0.27 per share. The ex-dividend date is Wednesday, March 5th. This represents a $1.08 dividend on an annualized basis and a yield of 1.96%. Cheesecake Factory’s payout ratio is 41.06%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on CAKE shares. StockNews.com downgraded Cheesecake Factory from a “buy” rating to a “hold” rating in a research note on Thursday, November 28th. Raymond James boosted their target price on Cheesecake Factory from $51.00 to $56.00 and gave the stock an “outperform” rating in a research note on Monday, December 16th. Robert W. Baird boosted their target price on Cheesecake Factory from $52.00 to $57.00 and gave the stock a “neutral” rating in a research note on Thursday. Wells Fargo & Company boosted their target price on Cheesecake Factory from $45.00 to $52.00 and gave the stock an “equal weight” rating in a research note on Thursday. Finally, Jefferies Financial Group boosted their target price on Cheesecake Factory from $49.00 to $58.00 and gave the stock a “buy” rating in a research note on Monday, December 16th. Four analysts have rated the stock with a sell rating, six have assigned a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $52.19.

About Cheesecake Factory

The Cheesecake Factory Incorporated operates and licenses restaurants in the United States and Canada. The company operates bakeries that produce cheesecakes and other baked products for its restaurants, international licensees, third-party bakery customers, external foodservice operators, retailers, and distributors.