Cheesecake Factory Inc. (CAKE) Announces Quarterly Dividend of $0.14
Cheesecake Factory (NASDAQ:CAKE) declared a quarterly dividend on Friday, February 14th, Analyst Ratings Net reports. Investors of record on Wednesday, February 26th will be given a dividend of 0.14 per share on Tuesday, March 11th. This represents a $0.56 dividend on an annualized basis and a yield of 1.23%. The ex-dividend date of this dividend is Monday, February 24th.
Several analysts have recently commented on the stock. Analysts at Zacks reiterated a “neutral” rating on shares of Cheesecake Factory in a research note on Thursday. They now have a $48.00 price target on the stock. On the ratings front, analysts at Susquehanna raised their price target on shares of Cheesecake Factory from $41.00 to $42.00 in a research note on Thursday. Finally, analysts at Jefferies Group cut their price target on shares of Cheesecake Factory from $47.00 to $46.00 in a research note on Thursday. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and ten have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $44.65.
Cheesecake Factory (NASDAQ:CAKE) traded up 0.84% on Friday, hitting $45.87. The stock had a trading volume of 876,530 shares. Cheesecake Factory has a one year low of $32.64 and a one year high of $49.74. The stock has a 50-day moving average of $46.0 and a 200-day moving average of $45.37. The company has a market cap of $2.329 billion and a P/E ratio of 24.08. Cheesecake Factory also was the recipient of a significant growth in short interest in January. As of January 31st, there was short interest totalling 4,983,940 shares, a growth of 36.5% from the January 15th total of 3,652,215 shares. Based on an average daily trading volume, of 1,038,790 shares, the days-to-cover ratio is presently 4.8 days. Currently, 10.3% of the company’s stock are sold short.
Cheesecake Factory (NASDAQ:CAKE) last released its earnings data on Wednesday, February 12th. The company reported $0.57 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.59 by $0.02. The company had revenue of $475.10 million for the quarter, compared to the consensus estimate of $484.84 million. During the same quarter in the prior year, the company posted $0.51 earnings per share. The company’s quarterly revenue was up 2.2% on a year-over-year basis. Analysts expect that Cheesecake Factory will post $2.36 EPS 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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