Cheesecake Factory Inc. (CAKE) Plans Quarterly Dividend of $0.14
Cheesecake Factory (NASDAQ:CAKE) declared a quarterly dividend on Thursday, October 24th, Stock Ratings Network.com reports. Stockholders of record on Wednesday, November 6th will be given a dividend of $0.14 per share on Tuesday, November 19th. This represents a $0.56 dividend on an annualized basis and a yield of 1.24%. The ex-dividend date of this dividend is Monday, November 4th.
Several analysts have recently commented on the stock. Analysts at Zacks reiterated a “neutral” rating on shares of Cheesecake Factory in a research note to investors on Thursday. They now have a $45.00 price target on the stock. Finally, analysts at Sterne Agee raised their EPS on shares of Cheesecake Factory in a research note to investors on Wednesday, August 28th. They now have a “buy” rating on the stock. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and ten have assigned a buy rating to the stock. Cheesecake Factory has an average rating of “Hold” and a consensus price target of $43.22.
Cheesecake Factory (NASDAQ:CAKE) traded up 5.86% on Thursday, hitting $45.32. 2,939,443 shares of the company’s stock traded hands. Cheesecake Factory has a 52 week low of $32.11 and a 52 week high of $44.79. The stock has a 50-day moving average of $42.75 and a 200-day moving average of $40.35. The company has a market cap of $2.376 billion and a price-to-earnings ratio of 22.77.
Cheesecake Factory (NASDAQ:CAKE) last posted its quarterly earnings results on Wednesday, October 23rd. The company reported $0.52 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.52. The company had revenue of $469.70 million for the quarter, compared to the consensus estimate of $468.72 million. During the same quarter last year, the company posted $0.49 earnings per share. Cheesecake Factory’s revenue was up 3.5% compared to the same quarter last year. On average, analysts predict that Cheesecake Factory will post $2.12 earnings per share for the current fiscal year.
The Cheesecake Factory Incorporated is engaged in the restaurant and bakery businesses. As of February 28, 2013, it operated 177 Company-owned upscale, casual dining, full-service restaurants: 162 under The Cheesecake Factory mark, 14 under the Grand Lux Cafe mark and one under the RockSugar Pan Asian Kitchen mark.
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