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

The Cheesecake Factory Incorporated (NASDAQ:CAKE) declared a quarterly dividend on Thursday, April 23rd. Shareholders of record on Wednesday, May 13th will be paid a dividend of 0.30 per share by the restaurant operator on Tuesday, May 26th. This represents a c) annualized dividend and a yield of 1.9%. The ex-dividend date of this dividend is Wednesday, May 13th.

Cheesecake Factory has raised its dividend by an average of 0.2%annually over the last three years. Cheesecake Factory has a payout ratio of 29.4% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Cheesecake Factory to earn $4.39 per share next year, which means the company should continue to be able to cover its $1.20 annual dividend with an expected future payout ratio of 27.3%.

Cheesecake Factory Stock Performance

Shares of CAKE stock opened at $61.65 on Monday. The company has a debt-to-equity ratio of 1.22, a current ratio of 0.59 and a quick ratio of 0.53. The firm has a market cap of $3.06 billion, a PE ratio of 18.03, a price-to-earnings-growth ratio of 1.47 and a beta of 1.04. The company has a 50-day moving average of $59.81 and a two-hundred day moving average of $55.72. Cheesecake Factory has a 1-year low of $43.07 and a 1-year high of $69.70.

Cheesecake Factory (NASDAQ:CAKE) last announced its earnings results on Wednesday, April 29th. The restaurant operator reported $1.05 earnings per share for the quarter, topping the consensus estimate of $1.03 by $0.02. The company had revenue of $978.83 million during the quarter, compared to analyst estimates of $964.57 million. Cheesecake Factory had a net margin of 4.34% and a return on equity of 43.74%. Cheesecake Factory’s revenue was up 5.6% compared to the same quarter last year. During the same quarter last year, the firm posted $0.93 earnings per share. On average, analysts predict that Cheesecake Factory will post 4.03 EPS for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on CAKE. Raymond James Financial lowered shares of Cheesecake Factory from an “outperform” rating to a “market perform” rating in a research note on Wednesday, January 21st. Mizuho set a $75.00 price objective on shares of Cheesecake Factory in a research note on Thursday, February 19th. Wells Fargo & Company raised their target price on shares of Cheesecake Factory from $60.00 to $65.00 and gave the company an “equal weight” rating in a report on Thursday, April 30th. Oppenheimer raised their target price on shares of Cheesecake Factory from $68.00 to $72.00 and gave the company an “outperform” rating in a report on Tuesday, April 21st. Finally, Stephens raised their price objective on shares of Cheesecake Factory from $61.00 to $65.00 and gave the stock an “equal weight” rating in a report on Thursday, April 30th. Six analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and four have given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $64.00.

Cheesecake Factory Company Profile

The Cheesecake Factory Incorporated (NASDAQ:CAKE) is an American restaurant company and distributor renowned for its full-service casual-dining concept and specialty cheesecakes. Headquartered in Calabasas Hills, California, the company operates more than 200 restaurants under The Cheesecake Factory® brand across the United States, Puerto Rico and select international markets. In addition to sit-down dining, Cheesecake Factory franchised locations offer catering and take-out services, while a separate manufacturing arm supplies branded cheesecakes and desserts to supermarkets, hotels and other foodservice operators.

The origins of the brand trace back to a small cheesecake bakery founded in Detroit in the 1940s.