Hussman Strategic Advisors Inc. Invests $797,000 in The Cheesecake Factory Incorporated (NASDAQ:CAKE)

Hussman Strategic Advisors Inc. purchased a new position in The Cheesecake Factory Incorporated (NASDAQ:CAKE) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 16,800 shares of the restaurant operator’s stock, valued at approximately $797,000.

Several other institutional investors have also recently made changes to their positions in CAKE. Hennessy Advisors Inc. bought a new position in shares of Cheesecake Factory in the fourth quarter worth $63,114,000. Victory Capital Management Inc. increased its holdings in shares of Cheesecake Factory by 32.7% in the third quarter. Victory Capital Management Inc. now owns 403,271 shares of the restaurant operator’s stock worth $16,353,000 after purchasing an additional 99,341 shares during the period. State Street Corp increased its holdings in shares of Cheesecake Factory by 3.7% in the third quarter. State Street Corp now owns 1,876,295 shares of the restaurant operator’s stock worth $76,084,000 after purchasing an additional 67,550 shares during the period. Fred Alger Management LLC increased its holdings in shares of Cheesecake Factory by 159.6% in the third quarter. Fred Alger Management LLC now owns 97,765 shares of the restaurant operator’s stock worth $3,964,000 after purchasing an additional 60,100 shares during the period. Finally, Tabor Asset Management LP bought a new position in shares of Cheesecake Factory in the third quarter worth $1,327,000. Institutional investors own 94.48% of the company’s stock.

Cheesecake Factory Stock Performance

NASDAQ CAKE opened at $54.97 on Friday. The company has a 50-day simple moving average of $51.06 and a two-hundred day simple moving average of $45.31. The company has a quick ratio of 0.33, a current ratio of 0.44 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 firm has a market cap of $2.81 billion, a price-to-earnings ratio of 20.90, a PEG ratio of 1.34 and a beta of 1.51.

Cheesecake Factory (NASDAQ:CAKE) last posted its quarterly earnings results on Wednesday, February 19th. The restaurant operator reported $1.04 earnings per share (EPS) for the quarter, beating the consensus estimate 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 during the quarter, compared to analyst estimates of $912.67 million. On average, equities analysts forecast that The Cheesecake Factory Incorporated will post 3.32 EPS for the current year.

Cheesecake Factory Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 18th. Stockholders 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 dividend yield of 1.96%. Cheesecake Factory’s dividend payout ratio is currently 41.06%.

Analysts Set New Price Targets

CAKE has been the topic of several research analyst reports. Morgan Stanley upped their price target on shares of Cheesecake Factory from $37.00 to $40.00 and gave the stock an “underweight” rating in a report on Thursday. Stephens reiterated an “overweight” rating and issued a $60.00 target price on shares of Cheesecake Factory in a research report on Thursday. The Goldman Sachs Group upped their target price on shares of Cheesecake Factory from $56.00 to $64.00 and gave the stock a “buy” rating in a research report on Thursday, February 6th. StockNews.com lowered shares of Cheesecake Factory from a “buy” rating to a “hold” rating in a research report on Thursday, November 28th. Finally, Oppenheimer upgraded shares of Cheesecake Factory from a “market perform” rating to an “outperform” rating and set a $65.00 target price for the company in a research report on Tuesday, January 7th. Four research analysts have rated the stock with a sell rating, six have issued a hold rating and eight have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average 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.