Texas Roadhouse, Inc. to Issue Quarterly Dividend of $0.61 (NASDAQ:TXRH)

Texas Roadhouse, Inc. (NASDAQ:TXRH) announced a quarterly dividend on Thursday, November 7th,Zacks Dividends reports. Investors of record on Tuesday, December 10th will be given a dividend of 0.61 per share by the restaurant operator on Tuesday, December 31st. This represents a $2.44 dividend on an annualized basis and a dividend yield of 1.23%. The ex-dividend date of this dividend is Tuesday, December 10th.

Texas Roadhouse has increased its dividend by an average of 82.8% annually over the last three years. Texas Roadhouse has a dividend payout ratio of 34.1% indicating that its dividend is sufficiently covered by earnings. Analysts expect Texas Roadhouse to earn $7.22 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 33.8%.

Texas Roadhouse Stock Performance

Shares of Texas Roadhouse stock traded up $1.18 on Friday, hitting $197.77. The company had a trading volume of 504,653 shares, compared to its average volume of 775,453. The stock has a market capitalization of $13.19 billion, a price-to-earnings ratio of 33.98, a P/E/G ratio of 1.69 and a beta of 0.98. Texas Roadhouse has a 1 year low of $101.73 and a 1 year high of $201.24. The stock has a 50 day moving average of $177.12 and a 200-day moving average of $171.24.

Texas Roadhouse (NASDAQ:TXRH) last issued its quarterly earnings data on Thursday, October 24th. The restaurant operator reported $1.26 earnings per share for the quarter, missing the consensus estimate of $1.32 by ($0.06). Texas Roadhouse had a net margin of 7.65% and a return on equity of 31.33%. The company had revenue of $1.27 billion for the quarter, compared to the consensus estimate of $1.27 billion. During the same quarter last year, the business posted $0.95 earnings per share. Texas Roadhouse’s revenue was up 13.5% on a year-over-year basis. Equities analysts anticipate that Texas Roadhouse will post 6.39 earnings per share for the current year.

Analysts Set New Price Targets

Several equities research analysts have commented on TXRH shares. Wells Fargo & Company increased their price objective on shares of Texas Roadhouse from $165.00 to $175.00 and gave the company an “equal weight” rating in a research note on Friday, July 26th. Deutsche Bank Aktiengesellschaft lifted their price target on Texas Roadhouse from $190.00 to $193.00 and gave the stock a “buy” rating in a report on Tuesday, July 16th. Morgan Stanley upped their price objective on Texas Roadhouse from $200.00 to $205.00 and gave the company an “equal weight” rating in a research note on Friday, October 25th. JPMorgan Chase & Co. lowered their target price on Texas Roadhouse from $184.00 to $180.00 and set a “neutral” rating on the stock in a research note on Monday, July 29th. Finally, Citigroup increased their price target on shares of Texas Roadhouse from $192.00 to $201.00 and gave the company a “buy” rating in a research report on Tuesday, October 1st. Twelve equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat, Texas Roadhouse presently has a consensus rating of “Hold” and a consensus target price of $189.00.

About Texas Roadhouse

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.