Redhawk Wealth Advisors Inc. Purchases Shares of 7,330 The Cheesecake Factory Incorporated (NASDAQ:CAKE)

Redhawk Wealth Advisors Inc. bought a new stake in The Cheesecake Factory Incorporated (NASDAQ:CAKE - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 7,330 shares of the restaurant operator's stock, valued at approximately $357,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Golden State Wealth Management LLC acquired a new stake in shares of Cheesecake Factory in the 4th quarter valued at approximately $25,000. SBI Securities Co. Ltd. acquired a new stake in shares of Cheesecake Factory in the 4th quarter valued at approximately $43,000. Venturi Wealth Management LLC boosted its holdings in shares of Cheesecake Factory by 1,149.5% in the 4th quarter. Venturi Wealth Management LLC now owns 1,312 shares of the restaurant operator's stock valued at $62,000 after buying an additional 1,207 shares during the last quarter. Smartleaf Asset Management LLC boosted its holdings in shares of Cheesecake Factory by 208.8% in the 4th quarter. Smartleaf Asset Management LLC now owns 2,628 shares of the restaurant operator's stock valued at $125,000 after buying an additional 1,777 shares during the last quarter. Finally, Jones Financial Companies Lllp boosted its holdings in shares of Cheesecake Factory by 150.0% in the 4th quarter. Jones Financial Companies Lllp now owns 3,553 shares of the restaurant operator's stock valued at $169,000 after buying an additional 2,132 shares during the last quarter. Institutional investors and hedge funds own 94.48% of the company's stock.

Cheesecake Factory Price Performance

CAKE stock traded up $1.18 during midday trading on Thursday, reaching $58.79. The company had a trading volume of 1,250,570 shares, compared to its average volume of 1,210,406. The company has a market capitalization of $2.91 billion, a price-to-earnings ratio of 18.37, a price-to-earnings-growth ratio of 1.31 and a beta of 1.14. The stock has a 50 day moving average price of $51.51 and a 200-day moving average price of $50.84. The Cheesecake Factory Incorporated has a 1-year low of $33.50 and a 1-year high of $59.45. The company has a debt-to-equity ratio of 1.19, a current ratio of 0.44 and a quick ratio of 0.33.

Cheesecake Factory (NASDAQ:CAKE - Get Free Report) last posted its quarterly earnings results on Wednesday, April 30th. The restaurant operator reported $0.93 EPS for the quarter, beating analysts' consensus estimates of $0.81 by $0.12. Cheesecake Factory had a return on equity of 45.89% and a net margin of 4.38%. The business had revenue of $927.20 million during the quarter, compared to the consensus estimate of $927.17 million. During the same quarter in the previous year, the firm earned $0.73 earnings per share. Cheesecake Factory's revenue for the quarter was up 4.0% compared to the same quarter last year. Equities research analysts expect that The Cheesecake Factory Incorporated will post 3.71 earnings per share for the current year.

Cheesecake Factory Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, May 27th. Shareholders of record on Wednesday, May 14th were given a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 1.84%. The ex-dividend date of this dividend was Wednesday, May 14th. Cheesecake Factory's dividend payout ratio is presently 33.86%.

Insider Buying and Selling at Cheesecake Factory

In other news, EVP Scarlett May sold 18,800 shares of the business's stock in a transaction dated Monday, June 9th. The stock was sold at an average price of $58.82, for a total transaction of $1,105,816.00. Following the sale, the executive vice president now directly owns 22,872 shares in the company, valued at approximately $1,345,331.04. The trade was a 45.11% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Keith Carango sold 50,500 shares of the business's stock in a transaction dated Wednesday, May 28th. The stock was sold at an average price of $55.12, for a total value of $2,783,560.00. Following the sale, the insider now owns 20,774 shares in the company, valued at approximately $1,145,062.88. This trade represents a 70.85% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 133,000 shares of company stock worth $7,456,992 over the last 90 days. Insiders own 8.40% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the company. Robert W. Baird increased their price objective on Cheesecake Factory from $46.00 to $49.00 and gave the company a "neutral" rating in a report on Thursday, May 1st. Argus set a $60.00 price target on Cheesecake Factory in a report on Wednesday, May 14th. Stephens reaffirmed an "overweight" rating and set a $60.00 price target on shares of Cheesecake Factory in a report on Thursday, May 1st. Wells Fargo & Company raised their price target on Cheesecake Factory from $45.00 to $50.00 and gave the company an "equal weight" rating in a report on Thursday, May 1st. Finally, Wedbush raised their price target on Cheesecake Factory from $59.00 to $61.00 and gave the company an "outperform" rating in a report on Thursday, February 20th. Four analysts have rated the stock with a sell rating, five have assigned a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Hold" and an average target price of $54.00.

Cheesecake Factory Company 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.