The Cheesecake Factory Incorporated (NASDAQ:CAKE) Updates On Dividend Release Date


On 2016-07-28, The Cheesecake Factory Incorporated (NASDAQ:CAKE) confirmed the dividend disbursement of $0.24 a share to shareholders as on record 2016-08-10. The firm will release dividend on 2016-08-23 while ex-dividend date is reported to be 2016-08-08.

The shareholders who will hold their stock holding till the ex-dividend date will receive payout. Last year, The Cheesecake Factory Incorporated (NASDAQ:CAKE) paid a total of $0.24 per share in dividends. This figure stood at $0.24 a share in the same period a year ago indicating a deviation of 19.6721%.

Analyst Opinion The sell-side market experts layering the stock estimates have established a price target of $53.818 on the stock. This figure is the average of recommendations offered by 11 brokerages. The brokerages had set bullish as well as bearish price estimates, which stands at $60 and $43, respectively.

Taking the mathematical rating formula, the price for The Cheesecake Factory Incorporated (NASDAQ:CAKE) stands at 2.57. Earnings Review The Cheesecake Factory Incorporated (NASDAQ:CAKE) will report its quarterly earnings for the period ending on 2016-09-30 by 2016-10-24. For the period ending on 2016-09-30, experts are expecting EPS of $0.61.

Coming to the quarter ending on 2015-12-31, The Cheesecake Factory Incorporated (NASDAQ:CAKE) recorded EPS of $0.78. The reported numbers came lower than the analysts’ estimates of $0.7, demonstrating a miss of $0.08 as against reported figures.

Shares of the The Cheesecake Factory Incorporated (NASDAQ:CAKE) traded in the range of $50.55 to $51.05 and closed the last trading session at $50.92 on a volume of ((Volume:238}}.

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