The Cheesecake Factory Incorporated Plans Quarterly Dividend of $0.27 (NASDAQ:CAKE)

The Cheesecake Factory Incorporated (NASDAQ:CAKE - Get Free Report) declared a quarterly dividend on Tuesday, October 29th, Zacks reports. Shareholders of record on Wednesday, November 13th will be given a dividend of 0.27 per share by the restaurant operator on Tuesday, November 26th. This represents a $1.08 annualized dividend and a yield of 2.33%. The ex-dividend date of this dividend is Wednesday, November 13th.

Cheesecake Factory has increased its dividend by an average of 44.2% per year over the last three years. Cheesecake Factory has a payout ratio of 30.3% meaning its dividend is sufficiently covered by earnings. 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 Trading Down 0.6 %

Shares of Cheesecake Factory stock traded down $0.29 on Thursday, hitting $46.35. The stock had a trading volume of 792,279 shares, compared to its average volume of 957,012. The stock has a 50 day moving average of $40.01 and a 200 day moving average of $38.36. The firm has a market capitalization of $2.36 billion, a P/E ratio of 19.51, a PEG ratio of 1.13 and a beta of 1.49. Cheesecake Factory has a twelve month low of $29.27 and a twelve month high of $49.75. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.32 and a current ratio of 0.43.

Cheesecake Factory (NASDAQ:CAKE - Get Free Report) last announced its quarterly earnings results 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. The firm had revenue of $865.50 million during the quarter, compared to analysts' expectations of $866.13 million. Cheesecake Factory had a net margin of 3.32% and a return on equity of 43.62%. The company's revenue was up 4.3% on a year-over-year basis. During the same period in the prior year, the company posted $0.39 EPS. Sell-side analysts expect that Cheesecake Factory will post 3.21 earnings per share for the current fiscal year.

Analysts Set New Price Targets

CAKE has been the topic of several recent research reports. Citigroup lifted their target price on Cheesecake Factory from $46.00 to $51.00 and gave the stock a "buy" rating in a report on Friday, October 4th. JPMorgan Chase & Co. cut their price objective on Cheesecake Factory from $40.00 to $38.00 and set an "underweight" rating on the stock in a research note on Tuesday, August 6th. Wedbush increased their target price on shares of Cheesecake Factory from $48.00 to $52.00 and gave the company an "outperform" rating in a research report on Wednesday. UBS Group boosted their price target on shares of Cheesecake Factory from $32.00 to $36.00 and gave the stock a "sell" rating in a research report on Friday, October 25th. Finally, Wells Fargo & Company upped their price objective on shares of Cheesecake Factory from $38.00 to $45.00 and gave the company an "equal weight" rating in a research note on Wednesday. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat.com, Cheesecake Factory has a consensus rating of "Hold" and an average target price of $44.17.

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.