Hussman Strategic Advisors Inc. Has $1.33 Million Stock Holdings in The Cheesecake Factory Incorporated (NASDAQ:CAKE)

Hussman Strategic Advisors Inc. increased its stake in The Cheesecake Factory Incorporated (NASDAQ:CAKE - Free Report) by 62.5% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 27,300 shares of the restaurant operator's stock after acquiring an additional 10,500 shares during the period. Hussman Strategic Advisors Inc. owned approximately 0.06% of Cheesecake Factory worth $1,328,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of CAKE. Lido Advisors LLC lifted its position in Cheesecake Factory by 2.0% during the fourth quarter. Lido Advisors LLC now owns 10,805 shares of the restaurant operator's stock valued at $513,000 after buying an additional 215 shares in the last quarter. Summit Investment Advisors Inc. lifted its position in Cheesecake Factory by 4.7% during the fourth quarter. Summit Investment Advisors Inc. now owns 5,051 shares of the restaurant operator's stock valued at $240,000 after buying an additional 228 shares in the last quarter. Blair William & Co. IL lifted its position in shares of Cheesecake Factory by 5.2% during the fourth quarter. Blair William & Co. IL now owns 5,772 shares of the restaurant operator's stock worth $274,000 after purchasing an additional 283 shares in the last quarter. Bridges Investment Management Inc. lifted its position in shares of Cheesecake Factory by 4.0% during the first quarter. Bridges Investment Management Inc. now owns 7,677 shares of the restaurant operator's stock worth $374,000 after purchasing an additional 292 shares in the last quarter. Finally, SBI Securities Co. Ltd. lifted its position in shares of Cheesecake Factory by 38.5% during the first quarter. SBI Securities Co. Ltd. now owns 1,244 shares of the restaurant operator's stock worth $61,000 after purchasing an additional 346 shares in the last quarter. 94.48% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

CAKE has been the subject of a number of research analyst reports. Stephens restated an "overweight" rating and issued a $60.00 price target on shares of Cheesecake Factory in a research note on Thursday, May 1st. Robert W. Baird boosted their target price on shares of Cheesecake Factory from $46.00 to $49.00 and gave the company a "neutral" rating in a research note on Thursday, May 1st. Barclays boosted their target price on shares of Cheesecake Factory from $45.00 to $57.00 and gave the company an "underweight" rating in a research note on Thursday. Bank of America boosted their price target on shares of Cheesecake Factory from $61.00 to $67.00 and gave the company a "neutral" rating in a report on Friday. Finally, Argus set a $60.00 price target on shares of Cheesecake Factory in a report on Wednesday, May 14th. Four analysts have rated the stock with a sell rating, six have given a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, Cheesecake Factory has a consensus rating of "Hold" and an average price target of $59.38.

Cheesecake Factory Stock Up 1.2%

NASDAQ:CAKE traded up $0.77 during mid-day trading on Friday, reaching $62.68. The stock had a trading volume of 1,408,480 shares, compared to its average volume of 1,257,505. The business's 50 day moving average is $58.78 and its 200 day moving average is $53.23. The Cheesecake Factory Incorporated has a fifty-two week low of $33.50 and a fifty-two week high of $65.99. The stock has a market cap of $3.10 billion, a P/E ratio of 19.65, a PEG ratio of 1.59 and a beta of 1.16. The company has a debt-to-equity ratio of 1.85, a current ratio of 0.53 and a quick ratio of 0.43.

Cheesecake Factory (NASDAQ:CAKE - Get Free Report) last announced its earnings results on Wednesday, April 30th. The restaurant operator reported $0.93 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.81 by $0.12. The firm had revenue of $927.20 million during the quarter, compared to analysts' expectations of $927.17 million. Cheesecake Factory had a return on equity of 46.06% and a net margin of 4.33%. The company's revenue was up 4.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.73 earnings per share. As a group, sell-side analysts predict that The Cheesecake Factory Incorporated will post 3.71 earnings per share for the current year.

Cheesecake Factory Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, May 27th. Stockholders of record on Wednesday, May 14th were given a $0.27 dividend. The ex-dividend date of this dividend was Wednesday, May 14th. This represents a $1.08 annualized dividend and a dividend yield of 1.72%. Cheesecake Factory's dividend payout ratio is 33.86%.

Insider Activity

In other Cheesecake Factory news, insider Keith Carango sold 50,500 shares of the business's stock in a transaction that occurred on Wednesday, May 28th. The stock was sold at an average price of $55.12, for a total transaction of $2,783,560.00. Following the transaction, the insider owned 20,774 shares of the company's stock, valued at $1,145,062.88. The trade was a 70.85% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Scarlett May sold 18,800 shares of the business's stock in a transaction that occurred on Monday, June 9th. The stock was sold at an average price of $58.82, for a total value of $1,105,816.00. Following the transaction, the executive vice president directly owned 22,872 shares in the company, valued at $1,345,331.04. The trade was a 45.11% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 133,000 shares of company stock valued at $7,456,992. 8.40% of the stock is owned by company insiders.

Cheesecake Factory Profile

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.