The Cheesecake Factory Incorporated (CAKE) To Go Ex-Dividend on November 10th

The Cheesecake Factory Incorporated (NASDAQ:CAKE) announced a quarterly dividend on Wednesday, October 22nd. Investors of record on Tuesday, November 11th will be given a dividend of 0.27 per share by the restaurant operator on Tuesday, November 25th. This represents a c) dividend on an annualized basis and a yield of 2.3%. The ex-dividend date of this dividend is Monday, November 10th.

Cheesecake Factory has decreased its dividend by an average of 0.0%per year over the last three years. Cheesecake Factory has a payout ratio of 26.5% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Cheesecake Factory to earn $4.10 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 26.3%.

Cheesecake Factory Price Performance

Shares of CAKE stock opened at $47.45 on Friday. Cheesecake Factory has a 52 week low of $42.69 and a 52 week high of $69.70. The stock has a market capitalization of $2.37 billion, a PE ratio of 14.38, a PEG ratio of 1.21 and a beta of 1.08. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.42 and a current ratio of 0.51. The stock’s fifty day moving average is $54.71 and its 200-day moving average is $57.45.

Cheesecake Factory (NASDAQ:CAKE) last issued its quarterly earnings results on Monday, November 3rd. The restaurant operator reported $0.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.60 by $0.08. Cheesecake Factory had a net margin of 4.33% and a return on equity of 47.25%. The business had revenue of $907.23 million for the quarter, compared to the consensus estimate of $912.95 million. During the same quarter in the prior year, the company earned $0.58 EPS. The firm’s quarterly revenue was up 4.8% on a year-over-year basis. Equities research analysts expect that Cheesecake Factory will post 3.71 EPS for the current fiscal year.

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.