Cheesecake Factory Inc (NASDAQ:CAKE) announced a quarterly dividend on Tuesday, October 29th, Zacks reports. Stockholders of record on Tuesday, November 12th will be paid 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 3.32%. The ex-dividend date of this dividend is Friday, November 8th.
Shares of CAKE traded down $1.55 during mid-day trading on Wednesday, reaching $43.37. The company had a trading volume of 50,934 shares, compared to its average volume of 935,786. 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 firm has a 50-day moving average price of $40.50 and a 200 day moving average price of $42.88. Cheesecake Factory has a 52 week low of $35.83 and a 52 week high of $52.91. The company has a market capitalization of $1.87 billion, a price-to-earnings ratio of 17.86, a price-to-earnings-growth ratio of 1.36 and a beta of 0.45.
Cheesecake Factory (NASDAQ:CAKE) last issued its quarterly earnings results on Tuesday, October 29th. The restaurant operator reported $0.59 EPS for the quarter, topping analysts’ consensus estimates of $0.55 by $0.04. Cheesecake Factory had a return on equity of 21.61% and a net margin of 3.99%. The firm had revenue of $586.50 million for the quarter, compared to analysts’ expectations of $597.76 million. During the same period in the previous year, the firm posted $0.61 EPS. The business’s revenue for the quarter was up 2.0% compared to the same quarter last year. As a group, research analysts forecast that Cheesecake Factory will post 2.64 earnings per share for the current fiscal year.
A number of analysts have recently commented on the company. Deutsche Bank reissued a “hold” rating and issued a $43.00 price target on shares of Cheesecake Factory in a research report on Thursday, October 31st. Wells Fargo & Co raised Cheesecake Factory from a “market perform” rating to an “outperform” rating and set a $50.00 price target on the stock in a research report on Friday, September 6th. BidaskClub raised Cheesecake Factory from a “sell” rating to a “hold” rating in a research report on Wednesday, October 23rd. Bank of America reissued a “neutral” rating and issued a $46.00 price target (down from $51.00) on shares of Cheesecake Factory in a research report on Thursday, August 1st. Finally, Barclays dropped their price target on Cheesecake Factory from $40.00 to $37.00 and set an “underweight” rating on the stock in a research report on Friday, October 18th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and two have issued a buy rating to the company. Cheesecake Factory has a consensus rating of “Hold” and an average target price of $47.42.
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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