The Cheesecake Factory Incorporated (CAKE) to Distribute Quarterly Dividend of $0.30 on November 24th

The Cheesecake Factory Incorporated (NASDAQ:CAKE) declared a quarterly dividend on Wednesday, October 21st. Investors of record on Tuesday, November 10th will be paid a dividend of $0.30 per share by the restaurant operator on Tuesday, November 24th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend is Tuesday, November 10th.

Cheesecake Factory has raised its dividend payment by an average of 0.2% per year over the last three years. Cheesecake Factory has a payout ratio of 29.4% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Cheesecake Factory to earn $5.13 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 23.4%.

Cheesecake Factory Price Performance

Cheesecake Factory stock opened at $106.76 on Friday. The stock has a market cap of $5.32 billion, a PE ratio of 25.30, a P/E/G ratio of 1.55 and a beta of 1.14. The stock’s fifty day moving average is $107.81 and its two-hundred day moving average is $80.97. Cheesecake Factory has a 1-year low of $43.07 and a 1-year high of $118.63.

Cheesecake Factory (NASDAQ:CAKE) last released its quarterly earnings data on Tuesday, October 27th. The restaurant operator reported $1.02 EPS for the quarter, beating analysts’ consensus estimates of $0.96 by $0.06. Cheesecake Factory had a return on equity of 44.53% and a net margin of 5.20%. The business had revenue of $1.03 billion for the quarter, compared to the consensus estimate of $1.01 billion. During the same quarter in the prior year, the business posted $0.66 EPS. The business’s revenue for the quarter was up 13.9% on a year-over-year basis. On average, research analysts expect that Cheesecake Factory will post 4.68 earnings per share for the current fiscal year.

Cheesecake Factory News Summary

Here are the key news stories impacting Cheesecake Factory this week:

• Positive Sentiment: Zacks characterized CAKE as a strong momentum stock, a potentially supportive signal for trend-focused investors. The article does not point to a new company announcement or change in fundamentals. Zacks article
• Neutral Sentiment: Several articles discuss election results in districts with Cheesecake Factory locations, along with a political joke and references to the restaurant at an election-night event. These stories appear to use the chain as a cultural or geographic reference, not report changes to CAKE’s business. Article about election results in Cheesecake Factory districts Article about political coverage involving Cheesecake Factory

Cheesecake Factory Company Profile

The Cheesecake Factory Incorporated is a restaurant company best known for The Cheesecake Factory, a full-service casual dining brand offering an extensive menu of American and international-inspired dishes, along with a broad selection of cheesecakes and other desserts. The company also operates North Italia, an Italian restaurant concept, and owns Fox Restaurant Concepts, which develops and operates additional restaurant brands, including Flower Child and Culinary Dropout.

The company was founded by David Overton, who opened the first Cheesecake Factory restaurant in Beverly Hills, California, in 1978 after his parents began a cheesecake business.