The Cheesecake Factory Incorporated (CAKE) To Go Ex-Dividend on August 11th

The Cheesecake Factory Incorporated (NASDAQ:CAKE) announced a quarterly dividend on Thursday, July 23rd. Investors of record on Tuesday, August 11th will be given a dividend of 0.30 per share by the restaurant operator on Tuesday, August 25th. This represents a c) dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend is Tuesday, August 11th.

Cheesecake Factory has increased 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. Analysts expect Cheesecake Factory to earn $4.93 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 24.3%.

Cheesecake Factory Trading Down 0.2%

Shares of NASDAQ CAKE opened at $107.05 on Friday. The company’s 50 day simple moving average is $81.78 and its 200 day simple moving average is $67.77. Cheesecake Factory has a fifty-two week low of $43.07 and a fifty-two week high of $107.95. The firm has a market capitalization of $5.33 billion, a P/E ratio of 29.01, a P/E/G ratio of 1.94 and a beta of 1.00. The company has a debt-to-equity ratio of 1.08, a current ratio of 0.59 and a quick ratio of 0.53.

Cheesecake Factory (NASDAQ:CAKE) last released its earnings results on Tuesday, July 28th. The restaurant operator reported $1.44 EPS for the quarter, topping analysts’ consensus estimates of $1.18 by $0.26. The firm had revenue of $1.03 billion during the quarter, compared to analyst estimates of $999.54 million. Cheesecake Factory had a net margin of 4.61% and a return on equity of 43.97%. The business’s quarterly revenue was up 7.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.16 EPS. On average, analysts predict that Cheesecake Factory will post 4.43 EPS for the current year.

Insider Buying and Selling at Cheesecake Factory

In other Cheesecake Factory news, insider Ashley W. Hanscom sold 3,500 shares of the firm’s stock in a transaction that occurred on Thursday, July 30th. The shares were sold at an average price of $100.00, for a total transaction of $350,000.00. Following the sale, the insider directly owned 7,541 shares in the company, valued at approximately $754,100. This trade represents a 31.70% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Alexander L. Cappello sold 2,095 shares of Cheesecake Factory stock in a transaction that occurred on Thursday, July 30th. The shares were sold at an average price of $101.50, for a total transaction of $212,642.50. Following the completion of the transaction, the director directly owned 4,076 shares in the company, valued at approximately $413,714. The trade was a 33.95% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 179,331 shares of company stock worth $18,413,065 in the last quarter. Company insiders own 8.00% of the company’s stock.

Institutional Investors Weigh In On Cheesecake Factory

Several institutional investors have recently added to or reduced their stakes in the stock. Truist Financial Corp boosted its stake in Cheesecake Factory by 3.0% in the 4th quarter. Truist Financial Corp now owns 6,187 shares of the restaurant operator’s stock worth $312,000 after purchasing an additional 181 shares during the period. Oregon Public Employees Retirement Fund raised its stake in shares of Cheesecake Factory by 1.9% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 10,487 shares of the restaurant operator’s stock valued at $529,000 after purchasing an additional 200 shares during the period. California State Teachers Retirement System lifted its holdings in shares of Cheesecake Factory by 0.5% in the second quarter. California State Teachers Retirement System now owns 44,527 shares of the restaurant operator’s stock valued at $2,790,000 after purchasing an additional 203 shares in the last quarter. Money Concepts Capital Corp lifted its holdings in shares of Cheesecake Factory by 3.8% in the first quarter. Money Concepts Capital Corp now owns 5,802 shares of the restaurant operator’s stock valued at $318,000 after purchasing an additional 210 shares in the last quarter. Finally, Mercer Global Advisors Inc. ADV lifted its holdings in shares of Cheesecake Factory by 5.9% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 4,642 shares of the restaurant operator’s stock valued at $234,000 after purchasing an additional 260 shares in the last quarter. 94.48% of the stock is owned by institutional investors.

About Cheesecake Factory

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.