Texas Roadhouse, Inc. (TXRH) to Issue Quarterly Dividend of $0.75 on December 29th

Texas Roadhouse, Inc. (NASDAQ:TXRH) declared a quarterly dividend on Wednesday, November 4th. Investors of record on Tuesday, December 1st will be paid a dividend of $0.75 per share by the restaurant operator on Tuesday, December 29th. This represents a $3.00 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date of this dividend is Tuesday, December 1st.

Texas Roadhouse has raised 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 $7.78 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 38.6%.

Texas Roadhouse Trading Down 3.4%

Texas Roadhouse stock traded down $6.47 during trading hours on Friday, reaching $185.31. 310,201 shares of the company’s stock were exchanged, compared to its average volume of 1,083,528. The company has a quick ratio of 0.39, a current ratio of 0.46 and a debt-to-equity ratio of 0.03. Texas Roadhouse has a twelve month low of $153.82 and a twelve month high of $216.30. The firm’s 50 day simple moving average is $173.05 and its 200 day simple moving average is $179.11. The firm has a market capitalization of $12.16 billion, a PE ratio of 29.49, a PEG ratio of 2.13 and a beta of 0.81.

Texas Roadhouse (NASDAQ:TXRH) last announced its earnings results on Thursday, November 5th. The restaurant operator reported $1.36 EPS for the quarter, missing the consensus estimate of $1.46 by ($0.10). Texas Roadhouse had a net margin of 6.63% and a return on equity of 27.20%. The firm had revenue of $1.57 billion during the quarter, compared to analysts’ expectations of $1.58 billion. During the same quarter in the prior year, the company earned $1.25 EPS. The business’s revenue for the quarter was up 9.5% on a year-over-year basis. Research analysts predict that Texas Roadhouse will post 6.48 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts have recently weighed in on TXRH shares. Morgan Stanley lifted their price target on Texas Roadhouse from $212.00 to $221.00 and gave the company an “overweight” rating in a research report on Thursday, October 15th. BTIG Research reaffirmed a “buy” rating on shares of Texas Roadhouse in a research note on Friday. Benchmark upgraded Texas Roadhouse from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 6th. UBS Group boosted their price objective on shares of Texas Roadhouse from $210.00 to $235.00 and gave the company a “buy” rating in a research report on Monday, August 3rd. Finally, Vertical Research raised shares of Texas Roadhouse to a “buy” rating in a research note on Wednesday, October 14th. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, nine have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Texas Roadhouse presently has a consensus rating of “Moderate Buy” and an average target price of $208.00.

Texas Roadhouse Company Profile

Texas Roadhouse, Inc (NASDAQ: TXRH) operates full-service casual dining restaurants under the Texas Roadhouse, Bubba’s 33 and Jaggers brands. Its restaurants serve made-from-scratch meals centered on hand-cut steaks, ribs, chicken, seafood, burgers and other American-style dishes, along with freshly baked rolls and a selection of beverages.

Founded in 1993, Texas Roadhouse began with its first restaurant in Clarksville, Indiana. The company’s restaurant network includes company-owned and franchised locations across the United States, as well as international locations.