Dividend Report: Shareholders can safely expect $0.24 dividends by Nov 22, 2016, from The Cheesecake Factory Incorporated (NASDAQ:CAKE).

Dividend Report: Shareholders can safely expect $0.24 dividends by Nov 22, 2016, from The Cheesecake Factory Incorporated (NASDAQ:CAKE).

The Cheesecake Factory Incorporated (NASDAQ:CAKE) is expected to pay $0.24 on Nov 22, 2016. The indicated annual dividend is $0.96. Shareholders owning the stock before Nov 7, 2016 will be eligible to receive the payout. Based on The Cheesecake Factory Incorporated’s current price of $52.02, the dividend is 0.46%. This dividend’s record date is Nov 9, 2016 and the announcement date is Oct 27, 2016. The stock increased 0.44% or $0.23 on November 4, hitting $52.02. About 829,920 shares traded hands or 1.42% up from the average. Cheesecake Factory Inc (NASDAQ:CAKE) has declined 0.31% since April 5, 2016 and is downtrending. It has underperformed by 2.26% the S&P500.

The Cheesecake Factory Incorporated is engaged in the restaurant and bakery business. The company has a market cap of $2.49 billion. The Firm operates approximately 200 Company-owned restaurants, including approximately 190 restaurants under The Cheesecake Factory mark and approximately 10 restaurants under the Grand Lux Cafe mark. It has a 19.28 P/E ratio. The Company’s divisions include The Cheesecake Factory restaurants, and other, which includes Grand Lux Cafe, RockSugar Pan Asian Kitchen, bakery and international licensing.

Insitutional Activity: The institutional sentiment decreased to 1.07 in 2016 Q2. Its down 0.05, from 1.12 in 2016Q1. The ratio dropped, as 25 funds sold all Cheesecake Factory Inc shares owned while 82 reduced positions. 25 funds bought stakes while 89 increased positions. They now own 41.87 million shares or 2.30% less from 42.86 million shares in 2016Q1.
Strs Ohio last reported 0% of its portfolio in the stock. Blackrock Fund Advisors holds 0.02% or 2.25M shares in its portfolio. Ncm Cap Advisers holds 9,200 shares or 1.27% of its portfolio. Geode Mgmt Lc has 309,690 shares for 0.01% of their US portfolio. Cipher L P has invested 0.26% of its portfolio in Cheesecake Factory Inc (NASDAQ:CAKE). Qs Ltd Liability Corporation owns 2,035 shares or 0% of their US portfolio. Pacad Investment Ltd has 0.08% invested in the company for 11,742 shares. Raymond James And Associates last reported 7,022 shares in the company. Fil Ltd last reported 289,280 shares in the company. Fincl Bank Of Montreal Can, a Ontario – Canada-based fund reported 4,469 shares. Moreover, Deutsche Savings Bank Ag has 0.01% invested in Cheesecake Factory Inc (NASDAQ:CAKE) for 215,487 shares. Landscape Capital Mngmt Ltd Liability owns 4,364 shares or 0.03% of their US portfolio. Comerica Financial Bank reported 24,119 shares or 0.01% of all its holdings. Thomas White Intll accumulated 0.11% or 15,825 shares. Ajo Limited Partnership, a Pennsylvania-based fund reported 533,322 shares.

Insider Transactions: Since May 27, 2016, the stock had 0 insider buys, and 2 selling transactions for $1.04 million net activity. BENN DOUG sold $345,135 worth of Cheesecake Factory Inc (NASDAQ:CAKE) on Friday, July 22. BYFUGLIN MAX S sold $699,020 worth of stock or 14,000 shares.

Cheesecake Factory Inc (NASDAQ:CAKE) Ratings Coverage

Out of 8 analysts covering The Cheesecake Factory Incorporated (NASDAQ:CAKE), 2 rate it a “Buy”, 1 “Sell”, while 5 “Hold”. This means 25% are positive. The Cheesecake Factory Incorporated has been the topic of 14 analyst reports since July 24, 2015 according to StockzIntelligence Inc. The stock of Cheesecake Factory Inc (NASDAQ:CAKE) earned “Sell” rating by Stifel Nicolaus on Tuesday, July 26. The stock of Cheesecake Factory Inc (NASDAQ:CAKE) earned “Market Perform” rating by Telsey Advisory Group on Tuesday, October 27. The rating was maintained by Wunderlich with “Hold” on Thursday, July 23. Stifel Nicolaus maintained Cheesecake Factory Inc (NASDAQ:CAKE) rating on Thursday, July 23. Stifel Nicolaus has “Buy” rating and $70 price target. The firm earned “Buy” rating on Tuesday, February 9 by Maxim Group. Telsey Advisory Group initiated Cheesecake Factory Inc (NASDAQ:CAKE) on Tuesday, September 29 with “Market Perform” rating. The rating was upgraded by BTIG Research on Tuesday, October 27 to “Buy”. The firm has “Buy” rating by Maxim Group given on Thursday, October 27. Stifel Nicolaus maintained it with “Buy” rating and $65 target price in Tuesday, October 27 report.

More recent Cheesecake Factory Inc (NASDAQ:CAKE) news were published by: Forbes.com which released: “Ex-Dividend Reminder: Cheesecake Factory, Pool and Sonic” on November 03, 2016. Also Investorplace.com published the news titled: “The Cheesecake Factory Inc Opens Its First NYC Location” on October 25, 2016. Wsj.com‘s news article titled: “Cheesecake Factory Posts Higher Profit” with publication date: April 28, 2016 was also an interesting one.

CAKE Company Profile

The Cheesecake Factory Incorporated, incorporated on February 13, 1992, is engaged in the restaurant and bakery business. The Firm operates approximately 200 Company-owned restaurants, including approximately 190 restaurants under The Cheesecake Factory mark and approximately 10 restaurants under the Grand Lux Cafe mark. The Company’s divisions include The Cheesecake Factory restaurants, and other, which includes Grand Lux Cafe, RockSugar Pan Asian Kitchen, bakery and international licensing. It operates a restaurant under the RockSugar Pan Asian Kitchen mark. It also operates approximately two bakery production facilities, which produce desserts for its restaurants, international licensees and third-party bakery customers.

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