Texas Roadhouse, Inc. (NASDAQ:TXRH) Announces Quarterly Dividend of $0.68

Texas Roadhouse, Inc. (NASDAQ:TXRH) declared a quarterly dividend on Thursday, November 6th. Investors of record on Tuesday, December 2nd will be given a dividend of 0.68 per share by the restaurant operator on Tuesday, December 30th. This represents a c) dividend on an annualized basis and a yield of 1.7%. The ex-dividend date is Tuesday, December 2nd.

Texas Roadhouse has increased its dividend by an average of 0.2%per year over the last three years and has raised its dividend every year for the last 6 years. Texas Roadhouse has a dividend payout ratio of 35.8% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Texas Roadhouse to earn $8.28 per share next year, which means the company should continue to be able to cover its $2.72 annual dividend with an expected future payout ratio of 32.9%.

Texas Roadhouse Stock Up 1.7%

Shares of TXRH traded up $2.72 during trading hours on Friday, hitting $163.45. The company had a trading volume of 681,672 shares, compared to its average volume of 1,120,078. Texas Roadhouse has a 12 month low of $148.73 and a 12 month high of $206.04. The firm has a market cap of $10.86 billion, a price-to-earnings ratio of 24.86, a PEG ratio of 2.50 and a beta of 0.87. The business has a fifty day moving average of $167.76 and a 200-day moving average of $177.82.

Texas Roadhouse (NASDAQ:TXRH) last issued its quarterly earnings data on Thursday, November 6th. The restaurant operator reported $1.25 earnings per share for the quarter, missing the consensus estimate of $1.28 by ($0.03). The business had revenue of $1.44 billion during the quarter, compared to analyst estimates of $1.43 billion. Texas Roadhouse had a return on equity of 31.52% and a net margin of 7.72%.Texas Roadhouse’s revenue for the quarter was up 12.8% compared to the same quarter last year. During the same quarter last year, the firm earned $1.26 EPS. On average, equities analysts expect that Texas Roadhouse will post 7.23 EPS for the current fiscal year.

Insider Transactions at Texas Roadhouse

In other Texas Roadhouse news, Director Gregory N. Moore sold 3,000 shares of the business’s stock in a transaction dated Monday, August 18th. The stock was sold at an average price of $173.06, for a total transaction of $519,180.00. Following the completion of the sale, the director directly owned 34,550 shares in the company, valued at $5,979,223. The trade was a 7.99% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, President Regina A. Tobin sold 3,153 shares of Texas Roadhouse stock in a transaction that occurred on Monday, August 18th. The shares were sold at an average price of $173.53, for a total transaction of $547,140.09. Following the transaction, the president directly owned 15,261 shares in the company, valued at $2,648,241.33. This represents a 17.12% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 8,342 shares of company stock valued at $1,443,704 in the last ninety days. 0.50% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. Farther Finance Advisors LLC increased its stake in Texas Roadhouse by 22.8% in the 2nd quarter. Farther Finance Advisors LLC now owns 312 shares of the restaurant operator’s stock worth $59,000 after buying an additional 58 shares during the period. Advisory Alpha LLC raised its stake in shares of Texas Roadhouse by 3.0% during the 1st quarter. Advisory Alpha LLC now owns 2,063 shares of the restaurant operator’s stock worth $344,000 after acquiring an additional 60 shares in the last quarter. Dakota Wealth Management increased its stake in Texas Roadhouse by 3.8% during the 2nd quarter. Dakota Wealth Management now owns 1,675 shares of the restaurant operator’s stock valued at $314,000 after purchasing an additional 61 shares in the last quarter. Valeo Financial Advisors LLC raised its position in Texas Roadhouse by 2.3% during the first quarter. Valeo Financial Advisors LLC now owns 2,750 shares of the restaurant operator’s stock valued at $458,000 after acquiring an additional 62 shares in the last quarter. Finally, Smartleaf Asset Management LLC increased its holdings in Texas Roadhouse by 14.0% in the 1st quarter. Smartleaf Asset Management LLC now owns 601 shares of the restaurant operator’s stock worth $103,000 after acquiring an additional 74 shares in the last quarter. 94.82% of the stock is owned by hedge funds and other institutional investors.

Texas Roadhouse Company Profile

Texas Roadhouse, Inc, together with its subsidiaries, operates casual dining restaurants in the United States and internationally. It also operates and franchises restaurants under the Texas Roadhouse, Bubba's 33, and Jaggers names in 49 states and ten internationally. Texas Roadhouse, Inc was founded in 1993 and is based in Louisville, Kentucky.