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

Hussman Strategic Advisors Inc. raised its position in The Cheesecake Factory Incorporated (NASDAQ:CAKE) by 33.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 42,000 shares of the restaurant operator’s stock after buying an additional 10,500 shares during the quarter. Hussman Strategic Advisors Inc. owned about 0.08% of Cheesecake Factory worth $2,295,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Ameritas Advisory Services LLC bought a new position in Cheesecake Factory in the second quarter valued at approximately $28,000. Parkside Financial Bank & Trust increased its stake in shares of Cheesecake Factory by 39.2% in the 2nd quarter. Parkside Financial Bank & Trust now owns 632 shares of the restaurant operator’s stock valued at $40,000 after purchasing an additional 178 shares during the last quarter. CWM LLC raised its holdings 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 in the last quarter. Northwestern Mutual Wealth Management Co. lifted its position 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 during the last quarter. Finally, Bayforest Capital Ltd boosted its stake in Cheesecake Factory by 16.4% in the third quarter. Bayforest Capital Ltd now owns 1,568 shares of the restaurant operator’s stock valued at $86,000 after buying an additional 221 shares in the last quarter. Institutional investors own 94.48% of the company’s stock.

Cheesecake Factory Stock Down 0.5%

Shares of NASDAQ:CAKE opened at $57.08 on Wednesday. The firm has a market cap of $2.84 billion, a P/E ratio of 17.30, a P/E/G ratio of 1.54 and a beta of 0.97. The company has a quick ratio of 0.47, a current ratio of 0.55 and a debt-to-equity ratio of 1.32. The Cheesecake Factory Incorporated has a 12-month low of $42.69 and a 12-month high of $69.70. The business has a fifty day simple moving average of $52.11 and a 200 day simple moving average of $55.41.

Cheesecake Factory (NASDAQ:CAKE) last released its quarterly earnings results on Tuesday, October 28th. The restaurant operator reported $0.68 EPS 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 firm had revenue of $907.23 million for the quarter, compared to analyst estimates of $912.95 million. During the same quarter in the previous year, the company posted $0.58 EPS. The business’s revenue was up 4.8% on a year-over-year basis. Analysts predict that The Cheesecake Factory Incorporated will post 3.71 earnings per share for the current year.

Analyst Ratings Changes

Several research analysts have commented on CAKE shares. Citigroup dropped their target price on shares of Cheesecake Factory from $68.00 to $65.00 and set a “buy” rating for the company in a report on Wednesday, October 29th. Barclays upped their price objective on shares of Cheesecake Factory from $48.00 to $51.00 and gave the stock an “underweight” rating in a research report on Wednesday, January 7th. Oppenheimer set a $70.00 target price on shares of Cheesecake Factory in a research report on Wednesday, October 29th. Robert W. Baird set a $57.00 price target on shares of Cheesecake Factory in a report on Wednesday, October 29th. Finally, Weiss Ratings lowered Cheesecake Factory from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday, January 15th. Eight equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and four have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $59.41.

Cheesecake Factory Company Profile

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.