Cheesecake Factory Inc (NASDAQ:CAKE) announced a quarterly dividend on Thursday, February 22nd, Wall Street Journal reports. Shareholders of record on Wednesday, February 28th will be given a dividend of 0.29 per share by the restaurant operator on Tuesday, March 20th. This represents a $1.16 annualized dividend and a yield of 2.42%. The ex-dividend date of this dividend is Tuesday, February 27th.
Cheesecake Factory (CAKE) traded up $1.71 during mid-day trading on Thursday, reaching $47.93. 3,430,000 shares of the company’s stock traded hands, compared to its average volume of 1,080,000. The company has a current ratio of 0.51, a quick ratio of 0.37 and a debt-to-equity ratio of 0.05. Cheesecake Factory has a 12-month low of $38.34 and a 12-month high of $67.14. The company has a market capitalization of $2,190.00, a price-to-earnings ratio of 17.69, a price-to-earnings-growth ratio of 1.16 and a beta of 0.33.
Cheesecake Factory (NASDAQ:CAKE) last released its earnings results on Wednesday, February 21st. The restaurant operator reported $0.53 earnings per share for the quarter, meeting the consensus estimate of $0.53. Cheesecake Factory had a net margin of 5.76% and a return on equity of 21.65%. The firm had revenue of $571.80 million during the quarter, compared to analyst estimates of $567.80 million. During the same quarter in the previous year, the firm earned $0.67 earnings per share. The firm’s revenue for the quarter was down 5.2% compared to the same quarter last year. equities research analysts predict that Cheesecake Factory will post 2.6 earnings per share for the current fiscal year.
Several research firms have recently commented on CAKE. TheStreet upgraded shares of Cheesecake Factory from a “c+” rating to a “b” rating in a research report on Friday, January 5th. BTIG Research upped their price target on shares of Cheesecake Factory to $55.00 and gave the stock a “buy” rating in a research report on Thursday. Morgan Stanley lowered their price target on shares of Cheesecake Factory from $50.00 to $49.00 and set an “equal weight” rating for the company in a research report on Thursday. Telsey Advisory Group lowered shares of Cheesecake Factory from an “outperform” rating to a “market perform” rating and set a $48.00 price target for the company. in a research report on Thursday. Finally, Bank of America lowered their price target on shares of Cheesecake Factory from $54.00 to $52.00 and set a “neutral” rating for the company in a research report on Thursday. Two research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and three have assigned a buy rating to the company’s stock. Cheesecake Factory has an average rating of “Hold” and a consensus target price of $48.18.
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About Cheesecake Factory
The Cheesecake Factory Incorporated is engaged in the restaurant and bakery business. As of March 2, 2017, the Company operated 208 Company-owned restaurants: 194 under The Cheesecake Factory mark, 13 under the Grand Lux Cafe mark and one under the Rock Sugar Pan Asian Kitchen mark. The Company’s segments include The Cheesecake Factory restaurants, and other.
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