The Cheesecake Factory Incorporated (CAKE) To Go Ex-Dividend on November 13th

The Cheesecake Factory Incorporated (NASDAQ:CAKE) declared a quarterly dividend on Tuesday, October 29th, Zacks reports. Investors of record on Wednesday, November 13th will be paid a dividend of 0.27 per share by the restaurant operator on Tuesday, November 26th. This represents a $1.08 dividend on an annualized basis and a yield of 2.31%. The ex-dividend date is Wednesday, November 13th.

Cheesecake Factory has increased its dividend payment by an average of 44.2% annually over the last three years. Cheesecake Factory has a payout ratio of 30.3% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Cheesecake Factory to earn $3.56 per share next year, which means the company should continue to be able to cover its $1.08 annual dividend with an expected future payout ratio of 30.3%.

Cheesecake Factory Price Performance

CAKE traded up $0.13 during trading on Thursday, reaching $46.77. 113,092 shares of the stock were exchanged, compared to its average volume of 953,475. The business’s 50 day moving average price is $40.01 and its two-hundred day moving average price is $38.36. The company has a debt-to-equity ratio of 1.26, a current ratio of 0.43 and a quick ratio of 0.32. The company has a market capitalization of $2.38 billion, a price-to-earnings ratio of 19.51, a P/E/G ratio of 1.13 and a beta of 1.49. Cheesecake Factory has a 1 year low of $29.27 and a 1 year high of $49.75.

Cheesecake Factory (NASDAQ:CAKE) last issued its quarterly earnings data on Tuesday, October 29th. The restaurant operator reported $0.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.47 by $0.11. Cheesecake Factory had a return on equity of 43.62% and a net margin of 3.32%. The business had revenue of $865.50 million for the quarter, compared to the consensus estimate of $866.13 million. During the same period in the prior year, the business earned $0.39 earnings per share. The business’s revenue was up 4.3% on a year-over-year basis. As a group, equities research analysts anticipate that Cheesecake Factory will post 3.21 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts recently weighed in on CAKE shares. Stephens increased their target price on Cheesecake Factory from $50.00 to $51.00 and gave the stock an “overweight” rating in a research report on Wednesday. Bank of America increased their target price on Cheesecake Factory from $47.00 to $49.00 and gave the stock a “neutral” rating in a research report on Wednesday. UBS Group increased their target price on Cheesecake Factory from $32.00 to $36.00 and gave the stock a “sell” rating in a research report on Friday, October 25th. Wedbush increased their target price on Cheesecake Factory from $48.00 to $52.00 and gave the stock an “outperform” rating in a research report on Wednesday. Finally, Robert W. Baird increased their target price on Cheesecake Factory from $40.00 to $47.00 and gave the stock a “neutral” rating in a research report on Wednesday. Three research analysts have rated the stock with a sell rating, six have given a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, Cheesecake Factory has a consensus rating of “Hold” and a consensus price target of $44.17.

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.