Cheesecake Factory Inc (NASDAQ:CAKE) Declares Quarterly Dividend of $0.36

Cheesecake Factory Inc (NASDAQ:CAKE) announced a quarterly dividend on Tuesday, October 29th, Zacks reports. Stockholders of record on Tuesday, November 12th will be given a dividend of 0.36 per share by the restaurant operator on Tuesday, November 26th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 3.34%. The ex-dividend date of this dividend is Friday, November 8th.

NASDAQ:CAKE opened at $43.14 on Thursday. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.26 and a current ratio of 0.20. The company has a market cap of $1.93 billion, a PE ratio of 17.75, a PEG ratio of 1.39 and a beta of 0.45. Cheesecake Factory has a 52-week low of $35.83 and a 52-week high of $52.91. The stock has a 50-day simple moving average of $40.52 and a 200 day simple moving average of $42.86.

Cheesecake Factory (NASDAQ:CAKE) last posted its quarterly earnings data on Tuesday, October 29th. The restaurant operator reported $0.59 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.55 by $0.04. The business had revenue of $586.50 million during the quarter, compared to the consensus estimate of $597.76 million. Cheesecake Factory had a return on equity of 21.61% and a net margin of 3.99%. Cheesecake Factory’s quarterly revenue was up 2.0% on a year-over-year basis. During the same period last year, the company earned $0.61 earnings per share. On average, research analysts predict that Cheesecake Factory will post 2.64 earnings per share for the current fiscal year.

A number of research analysts recently issued reports on the company. Bank of America reiterated a “neutral” rating and set a $46.00 price objective (down from $51.00) on shares of Cheesecake Factory in a report on Thursday, August 1st. Raymond James downgraded Cheesecake Factory from an “outperform” rating to a “market perform” rating in a report on Thursday, October 17th. Morgan Stanley increased their price objective on Cheesecake Factory from $43.00 to $45.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 30th. Barclays decreased their price target on Cheesecake Factory from $40.00 to $37.00 and set an “underweight” rating for the company in a research note on Friday, October 18th. Finally, Wells Fargo & Co upgraded Cheesecake Factory from a “market perform” rating to an “outperform” rating and set a $50.00 price target for the company in a research note on Friday, September 6th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and two have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $47.42.

In other Cheesecake Factory news, Director Laurence B. Mindel acquired 2,500 shares of the business’s stock in a transaction dated Monday, August 12th. The stock was bought at an average cost of $39.04 per share, with a total value of $97,600.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, President David M. Gordon sold 3,700 shares of the firm’s stock in a transaction that occurred on Monday, November 4th. The shares were sold at an average price of $42.98, for a total value of $159,026.00. Following the completion of the sale, the president now directly owns 25,816 shares of the company’s stock, valued at $1,109,571.68. The disclosure for this sale can be found here. Company insiders own 8.50% of the company’s stock.

About Cheesecake Factory

The Cheesecake Factory Incorporated engages in the operation of restaurants. The company produces cheesecakes and other baked products for own restaurants and international licensees, as well as external foodservice operators, retailers, and distributors. As of April 16, 2019, it owned and operated 219 full-service casual-dining restaurants in the United States, including Puerto Rico and Canada comprising 202 restaurants under The Cheesecake Factory name; 14 restaurants under the Grand Lux Café name; and 2 restaurants under the RockSugar Southeast Asian Kitchen name, as well as 22 The Cheesecake Factory restaurants under licensing agreements internationally.

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Dividend History for Cheesecake Factory (NASDAQ:CAKE)

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