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

The Cheesecake Factory Incorporated (NASDAQ:CAKE – Get Rating) declared a quarterly dividend on Wednesday, April 27th, Zacks reports. Stockholders of record on Wednesday, May 11th will be given a dividend of 0.27 per share by the restaurant operator on Tuesday, May 24th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 2.87%. The ex-dividend date of this dividend is Tuesday, May 10th.

NASDAQ CAKE opened at $37.61 on Friday. The company’s fifty day simple moving average is $37.95 and its 200-day simple moving average is $39.45. Cheesecake Factory has a 52 week low of $31.43 and a 52 week high of $65.81. The company has a current ratio of 0.64, a quick ratio of 0.57 and a debt-to-equity ratio of 1.41. The stock has a market cap of $1.98 billion, a P/E ratio of 36.87, a PEG ratio of 1.53 and a beta of 1.47.

Cheesecake Factory (NASDAQ:CAKE – Get Rating) last posted its earnings results on Wednesday, April 27th. The restaurant operator reported $0.47 EPS for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.03). Cheesecake Factory had a return on equity of 37.60% and a net margin of 2.47%. During the same quarter last year, the firm earned $0.20 EPS. On average, research analysts expect that Cheesecake Factory will post 2.95 EPS for the current fiscal year.

Several institutional investors have recently added to or reduced their stakes in CAKE. Neo Ivy Capital Management bought a new position in shares of Cheesecake Factory during the fourth quarter worth about $44,000. Advisors Asset Management Inc. grew its position in shares of Cheesecake Factory by 30.1% during the fourth quarter. Advisors Asset Management Inc. now owns 1,365 shares of the restaurant operator’s stock worth $53,000 after acquiring an additional 316 shares during the last quarter. Virtu Financial LLC bought a new position in shares of Cheesecake Factory during the fourth quarter worth about $246,000. LPL Financial LLC grew its position in shares of Cheesecake Factory by 18.4% during the fourth quarter. LPL Financial LLC now owns 16,667 shares of the restaurant operator’s stock worth $653,000 after acquiring an additional 2,587 shares during the last quarter. Finally, State of Tennessee Treasury Department grew its position in shares of Cheesecake Factory by 11.9% during the fourth quarter. State of Tennessee Treasury Department now owns 25,405 shares of the restaurant operator’s stock worth $995,000 after acquiring an additional 2,695 shares during the last quarter. Institutional investors and hedge funds own 85.28% of the company’s stock.

A number of research analysts have recently commented on the stock. Citigroup started coverage on shares of Cheesecake Factory in a research report on Tuesday, April 12th. They set a “buy” rating and a $52.00 target price on the stock. Deutsche Bank Aktiengesellschaft cut their price target on shares of Cheesecake Factory from $47.00 to $43.00 in a report on Thursday. Raymond James cut their price target on shares of Cheesecake Factory from $52.50 to $48.00 and set an “outperform” rating on the stock in a report on Wednesday, January 26th. Stephens upped their price target on shares of Cheesecake Factory from $47.00 to $52.00 and gave the company an “overweight” rating in a report on Thursday, February 17th. Finally, Morgan Stanley cut their price target on shares of Cheesecake Factory from $39.00 to $36.00 and set an “underweight” rating on the stock in a report on Thursday, April 14th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $51.07.

Cheesecake Factory Company Profile (Get Rating)

The Cheesecake Factory Incorporated operates restaurants. It operates two bakeries that produces cheesecakes and other baked products for its restaurants, international licensees, third-party bakery customers, external foodservice operators, retailers, and distributors. The company owns and operates 306 restaurants throughout the United States and Canada under brands, including 208 The Cheesecake Factory and 29 North Italia; and a collection of Fox Restaurant Concepts, as well as 29 The Cheesecake Factory restaurants under licensing agreements internationally.

Recommended Stories