The Cheesecake Factory Incorporated (NASDAQ:CAKE) Plans $0.30 Quarterly Dividend

The Cheesecake Factory Incorporated (NASDAQ:CAKE) announced a quarterly dividend on Wednesday, April 29th. Investors of record on Wednesday, May 13th will be given a dividend of 0.30 per share by the restaurant operator on Tuesday, May 26th. This represents a c) dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date of this dividend is Wednesday, May 13th.

Cheesecake Factory has increased its dividend payment by an average of 0.2%annually over the last three years. Cheesecake Factory has a payout ratio of 29.4% indicating that its dividend is sufficiently covered by earnings. Analysts expect Cheesecake Factory to earn $4.41 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 27.2%.

Cheesecake Factory Stock Performance

Shares of Cheesecake Factory stock opened at $62.76 on Thursday. The stock’s fifty day simple moving average is $59.98 and its 200 day simple moving average is $55.51. The company has a current ratio of 0.59, a quick ratio of 0.52 and a debt-to-equity ratio of 1.29. The company has a market capitalization of $3.12 billion, a PE ratio of 20.52, a PEG ratio of 1.45 and a beta of 1.01. Cheesecake Factory has a 12 month low of $43.07 and a 12 month high of $69.70.

Cheesecake Factory (NASDAQ:CAKE) last posted its earnings results on Wednesday, April 29th. The restaurant operator reported $1.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.03 by $0.02. Cheesecake Factory had a return on equity of 45.68% and a net margin of 3.96%.The firm had revenue of $978.83 million during the quarter, compared to analysts’ expectations of $964.64 million. During the same period in the previous year, the firm earned $0.93 earnings per share. The company’s revenue was up 5.6% on a year-over-year basis. On average, research analysts predict that Cheesecake Factory will post 4.04 EPS for the current year.

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.