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

Texas Roadhouse, Inc. (NASDAQ:TXRH) declared a quarterly dividend on Friday, February 21st, Wall Street Journal reports. Stockholders of record on Tuesday, March 18th will be given a dividend of 0.68 per share by the restaurant operator on Tuesday, April 1st. This represents a $2.72 annualized dividend and a dividend yield of 1.61%. The ex-dividend date of this dividend is Tuesday, March 18th. This is a boost from Texas Roadhouse’s previous quarterly dividend of $0.61.

Texas Roadhouse has raised its dividend by an average of 26.7% annually over the last three years. Texas Roadhouse has a payout ratio of 30.2% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Texas Roadhouse to earn $7.23 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 33.7%.

Texas Roadhouse Stock Performance

Shares of TXRH stock traded down $2.73 during mid-day trading on Friday, hitting $168.84. The company’s stock had a trading volume of 2,207,018 shares, compared to its average volume of 1,053,874. The company’s fifty day simple moving average is $179.58 and its 200-day simple moving average is $180.02. The company has a market cap of $11.26 billion, a PE ratio of 29.01, a P/E/G ratio of 1.25 and a beta of 1.02. Texas Roadhouse has a 52 week low of $146.51 and a 52 week high of $206.04.

Texas Roadhouse (NASDAQ:TXRH) last issued its earnings results on Thursday, February 20th. The restaurant operator reported $1.73 EPS for the quarter, beating the consensus estimate of $1.66 by $0.07. The company had revenue of $1.44 billion during the quarter, compared to the consensus estimate of $1.41 billion. Texas Roadhouse had a return on equity of 31.33% and a net margin of 7.65%. On average, equities analysts anticipate that Texas Roadhouse will post 6.4 earnings per share for the current year.

Insider Activity

In other news, insider Christopher C. Colson sold 1,370 shares of the business’s stock in a transaction on Friday, January 10th. The shares were sold at an average price of $179.46, for a total transaction of $245,860.20. Following the completion of the transaction, the insider now directly owns 10,000 shares in the company, valued at $1,794,600. The trade was a 12.05 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.50% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. Gordon Haskett downgraded Texas Roadhouse from a “buy” rating to a “hold” rating and set a $192.00 price target for the company. in a research note on Wednesday, January 8th. BMO Capital Markets lifted their price target on Texas Roadhouse from $155.00 to $162.00 and gave the company a “market perform” rating in a research note on Friday, October 25th. Citigroup lifted their price target on Texas Roadhouse from $212.00 to $213.00 and gave the company a “buy” rating in a research note on Friday. Barclays cut their price target on Texas Roadhouse from $194.00 to $178.00 and set an “equal weight” rating for the company in a research note on Friday. Finally, Robert W. Baird lifted their price target on Texas Roadhouse from $190.00 to $205.00 and gave the company an “outperform” rating in a research note on Friday, October 25th. Eleven research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat.com, Texas Roadhouse presently has an average rating of “Moderate Buy” and an average target price of $192.50.

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.