Texas Roadhouse, Inc. (TXRH) to Issue Quarterly Dividend of $0.75 on June 30th

Texas Roadhouse, Inc. (NASDAQ:TXRH) declared a quarterly dividend on Wednesday, May 6th. Stockholders of record on Tuesday, June 2nd will be paid a dividend of 0.75 per share by the restaurant operator on Tuesday, June 30th. This represents a c) dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date is Tuesday, June 2nd.

Texas Roadhouse has increased its dividend payment by an average of 0.5%annually over the last three years and has increased its dividend annually for the last 6 consecutive years. Texas Roadhouse has a payout ratio of 39.5% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Texas Roadhouse to earn $7.64 per share next year, which means the company should continue to be able to cover its $3.00 annual dividend with an expected future payout ratio of 39.3%.

Texas Roadhouse Stock Performance

Shares of TXRH traded up $24.83 during trading hours on Friday, reaching $182.76. 1,316,225 shares of the company traded hands, compared to its average volume of 1,027,160. The stock’s fifty day moving average is $166.81 and its 200 day moving average is $172.64. The stock has a market cap of $12.05 billion, a P/E ratio of 30.01, a price-to-earnings-growth ratio of 1.83 and a beta of 0.77. Texas Roadhouse has a 1-year low of $153.82 and a 1-year high of $199.99.

Texas Roadhouse (NASDAQ:TXRH) last announced its quarterly earnings data on Thursday, May 7th. The restaurant operator reported $1.87 EPS for the quarter, beating analysts’ consensus estimates of $1.80 by $0.07. The business had revenue of $1.63 billion during the quarter, compared to analyst estimates of $1.64 billion. Texas Roadhouse had a net margin of 6.90% and a return on equity of 27.88%. The firm’s revenue for the quarter was up 10.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.70 earnings per share. On average, equities research analysts predict that Texas Roadhouse will post 6.33 EPS for the current year.

About Texas Roadhouse

Texas Roadhouse, Inc is a casual dining restaurant chain specializing in hand?cut steaks, fall?off?the?bone ribs, chicken, seafood and house specialties. Each restaurant features a Western?themed décor, open kitchens and a signature line dance presentation of fresh, made?from?scratch sides and breads. The company emphasizes an energetic dining experience, focusing on hospitality, value and a family?friendly environment.

The concept was created in 1993 by founder Kent Taylor, who sought to combine high?quality steaks with an approachable, community?oriented atmosphere.