Hussman Strategic Advisors Inc. Purchases 10,500 Shares of The Cheesecake Factory Incorporated $CAKE

Hussman Strategic Advisors Inc. boosted its position in The Cheesecake Factory Incorporated (NASDAQ:CAKE) by 33.3% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 42,000 shares of the restaurant operator’s stock after purchasing an additional 10,500 shares during the period. Hussman Strategic Advisors Inc.’s holdings in Cheesecake Factory were worth $2,295,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Ameritas Advisory Services LLC acquired a new position in shares of Cheesecake Factory in the 2nd quarter valued at about $28,000. Parkside Financial Bank & Trust lifted its stake in Cheesecake Factory by 39.2% in the second quarter. Parkside Financial Bank & Trust now owns 632 shares of the restaurant operator’s stock valued at $40,000 after buying an additional 178 shares during the period. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of Cheesecake Factory by 32.0% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,333 shares of the restaurant operator’s stock worth $83,000 after buying an additional 323 shares in the last quarter. CWM LLC grew its position in shares of Cheesecake Factory by 36.7% during the 3rd quarter. CWM LLC now owns 1,357 shares of the restaurant operator’s stock worth $74,000 after buying an additional 364 shares during the period. Finally, Bayforest Capital Ltd increased its stake in shares of Cheesecake Factory by 16.4% in the 3rd quarter. Bayforest Capital Ltd now owns 1,568 shares of the restaurant operator’s stock valued at $86,000 after acquiring an additional 221 shares in the last quarter. 94.48% of the stock is currently owned by institutional investors and hedge funds.

Cheesecake Factory Price Performance

CAKE stock opened at $57.08 on Wednesday. The company has a debt-to-equity ratio of 1.32, a quick ratio of 0.47 and a current ratio of 0.55. The business has a 50-day simple moving average of $52.11 and a two-hundred day simple moving average of $55.41. The company has a market capitalization of $2.84 billion, a P/E ratio of 17.30, a price-to-earnings-growth ratio of 1.54 and a beta of 0.97. The Cheesecake Factory Incorporated has a 52-week low of $42.69 and a 52-week high of $69.70.

Cheesecake Factory (NASDAQ:CAKE) last posted its earnings results on Tuesday, October 28th. The restaurant operator reported $0.68 earnings per share for the quarter, beating analysts’ consensus estimates of $0.60 by $0.08. Cheesecake Factory had a return on equity of 46.35% and a net margin of 4.33%.The company had revenue of $907.23 million for the quarter, compared to analyst estimates of $912.95 million. During the same quarter last year, the company earned $0.58 earnings per share. The company’s revenue for the quarter was up 4.8% on a year-over-year basis. Research analysts expect that The Cheesecake Factory Incorporated will post 3.71 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research analysts recently issued reports on CAKE shares. Barclays increased their target price on shares of Cheesecake Factory from $48.00 to $51.00 and gave the stock an “underweight” rating in a research note on Wednesday, January 7th. Argus reduced their target price on Cheesecake Factory from $72.00 to $55.00 and set a “buy” rating for the company in a research note on Friday, November 7th. Weiss Ratings lowered Cheesecake Factory from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday, January 15th. Mizuho set a $65.00 price target on Cheesecake Factory and gave the stock an “outperform” rating in a report on Wednesday, October 29th. Finally, Oppenheimer set a $70.00 price objective on Cheesecake Factory in a report on Wednesday, October 29th. Eight analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and four have issued a Sell rating to the company’s stock. According to data from MarketBeat, Cheesecake Factory has a consensus rating of “Hold” and an average price target of $59.41.

About Cheesecake Factory

The Cheesecake Factory Incorporated (NASDAQ:CAKE) is an American restaurant company and distributor renowned for its full-service casual-dining concept and specialty cheesecakes. Headquartered in Calabasas Hills, California, the company operates more than 200 restaurants under The Cheesecake Factory® brand across the United States, Puerto Rico and select international markets. In addition to sit-down dining, Cheesecake Factory franchised locations offer catering and take-out services, while a separate manufacturing arm supplies branded cheesecakes and desserts to supermarkets, hotels and other foodservice operators.

The origins of the brand trace back to a small cheesecake bakery founded in Detroit in the 1940s.