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

Texas Roadhouse, Inc. (NASDAQ:TXRH) announced a quarterly dividend on Friday, August 8th, Wall Street Journal reports. Stockholders of record on Tuesday, September 2nd will be paid a dividend of 0.68 per share by the restaurant operator on Tuesday, September 30th. This represents a c) dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date is Tuesday, September 2nd.

Texas Roadhouse has a payout ratio of 35.8% meaning its dividend is sufficiently covered by earnings. 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 Trading Down 6.6%

Shares of Texas Roadhouse stock opened at $172.84 on Friday. Texas Roadhouse has a 12-month low of $148.73 and a 12-month high of $206.04. The company has a market cap of $11.47 billion, a price-to-earnings ratio of 26.39, a PEG ratio of 2.44 and a beta of 0.86. The company’s 50-day moving average price is $187.61 and its 200-day moving average price is $179.23.

Texas Roadhouse (NASDAQ:TXRH) last announced its quarterly earnings results on Thursday, August 7th. The restaurant operator reported $1.86 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.95 by ($0.09). Texas Roadhouse had a return on equity of 32.11% and a net margin of 7.72%. The firm had revenue of $1.51 billion during the quarter, compared to analysts’ expectations of $1.50 billion. During the same period in the previous year, the company posted $1.79 earnings per share. The company’s quarterly revenue was up 12.7% compared to the same quarter last year. On average, sell-side analysts predict that Texas Roadhouse will post 7.23 earnings per share for the current year.

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.