Texas Roadhouse, Inc. (NASDAQ:TXRH) Declares $0.61 Quarterly Dividend

Texas Roadhouse, Inc. (NASDAQ:TXRH) declared a quarterly dividend on Thursday, August 8th, Zacks reports. Stockholders of record on Wednesday, September 4th will be given a dividend of 0.61 per share by the restaurant operator on Tuesday, September 24th. This represents a $2.44 annualized dividend and a dividend yield of 1.45%. The ex-dividend date is Wednesday, September 4th.

Texas Roadhouse has raised its dividend payment by an average of 82.8% per year over the last three years. Texas Roadhouse has a payout ratio of 35.4% indicating that its dividend is sufficiently covered by earnings. Analysts expect Texas Roadhouse to earn $6.96 per share next year, which means the company should continue to be able to cover its $2.44 annual dividend with an expected future payout ratio of 35.1%.

Texas Roadhouse Price Performance

TXRH opened at $168.75 on Monday. The firm has a market capitalization of $11.27 billion, a price-to-earnings ratio of 34.16, a price-to-earnings-growth ratio of 1.53 and a beta of 1.01. The company’s 50 day simple moving average is $169.23 and its two-hundred day simple moving average is $162.13. Texas Roadhouse has a 1-year low of $91.06 and a 1-year high of $177.72.

Texas Roadhouse (NASDAQ:TXRH) last announced its quarterly earnings data on Thursday, July 25th. The restaurant operator reported $1.79 EPS for the quarter, topping analysts’ consensus estimates of $1.64 by $0.15. The firm had revenue of $1.34 billion for the quarter, compared to the consensus estimate of $1.34 billion. Texas Roadhouse had a return on equity of 30.94% and a net margin of 7.47%. The firm’s revenue was up 14.5% compared to the same quarter last year. During the same quarter last year, the business posted $1.22 earnings per share. On average, equities analysts anticipate that Texas Roadhouse will post 6.32 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

TXRH has been the subject of a number of analyst reports. Wedbush upped their price objective on shares of Texas Roadhouse from $180.00 to $190.00 and gave the company an “outperform” rating in a report on Friday, July 19th. Stephens raised their price target on shares of Texas Roadhouse from $170.00 to $176.00 and gave the stock an “equal weight” rating in a report on Monday, July 29th. BMO Capital Markets lifted their price target on shares of Texas Roadhouse from $145.00 to $155.00 and gave the company a “market perform” rating in a research report on Friday, July 26th. Deutsche Bank Aktiengesellschaft increased their price objective on Texas Roadhouse from $190.00 to $193.00 and gave the stock a “buy” rating in a research report on Tuesday, July 16th. Finally, Stifel Nicolaus lifted their target price on Texas Roadhouse from $155.00 to $175.00 and gave the company a “hold” rating in a research report on Monday, May 6th. Thirteen investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $171.85.

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.