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

The Cheesecake Factory Incorporated (NASDAQ:CAKE) announced a quarterly dividend on Wednesday, February 19th, RTT News reports. Investors of record on Wednesday, March 5th will be paid a dividend of 0.27 per share by the restaurant operator on Tuesday, March 18th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.96%. The ex-dividend date is Wednesday, March 5th.

Cheesecake Factory has a dividend payout ratio of 26.5% indicating that its dividend is sufficiently covered by earnings. Analysts expect Cheesecake Factory to earn $4.03 per share next year, which means the company should continue to be able to cover its $1.08 annual dividend with an expected future payout ratio of 26.8%.

Cheesecake Factory Price Performance

Shares of CAKE stock opened at $54.97 on Friday. The company has a debt-to-equity ratio of 1.19, a current ratio of 0.44 and a quick ratio of 0.33. The company has a market capitalization of $2.81 billion, a PE ratio of 17.18, a price-to-earnings-growth ratio of 1.30 and a beta of 1.51. The firm’s 50-day moving average is $51.06 and its two-hundred day moving average is $45.31. Cheesecake Factory has a 12 month low of $33.05 and a 12 month high of $57.32.

Cheesecake Factory (NASDAQ:CAKE) last released its quarterly earnings results on Wednesday, February 19th. The restaurant operator reported $1.04 EPS for the quarter, beating the consensus estimate of $0.91 by $0.13. The firm had revenue of $920.96 million for the quarter, compared to analyst estimates of $912.67 million. Cheesecake Factory had a net margin of 4.38% and a return on equity of 45.89%. Analysts predict that Cheesecake Factory will post 3.7 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on CAKE shares. Jefferies Financial Group raised their price objective on Cheesecake Factory from $49.00 to $58.00 and gave the stock a “buy” rating in a research report on Monday, December 16th. UBS Group boosted their price target on shares of Cheesecake Factory from $41.00 to $45.00 and gave the company a “sell” rating in a research note on Thursday. Bank of America upped their price objective on shares of Cheesecake Factory from $47.00 to $49.00 and gave the stock a “neutral” rating in a report on Wednesday, October 30th. The Goldman Sachs Group lifted their target price on shares of Cheesecake Factory from $56.00 to $64.00 and gave the company a “buy” rating in a report on Thursday, February 6th. Finally, Piper Sandler raised their price target on Cheesecake Factory from $47.00 to $51.00 and gave the stock a “neutral” rating in a research report on Thursday. Four equities research analysts have rated the stock with a sell rating, six have given a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $52.19.

Cheesecake Factory Company Profile

The Cheesecake Factory Incorporated operates and licenses restaurants in the United States and Canada. The company operates bakeries that produce cheesecakes and other baked products for its restaurants, international licensees, third-party bakery customers, external foodservice operators, retailers, and distributors.