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

Texas Roadhouse, Inc. (NASDAQ:TXRH) announced a quarterly dividend on Thursday, November 6th. Investors of record on Tuesday, December 2nd will be paid a dividend of 0.68 per share by the restaurant operator on Tuesday, December 30th. This represents a c) dividend on an annualized basis and a yield of 1.7%. The ex-dividend date of this dividend is Tuesday, December 2nd.

Texas Roadhouse has raised its dividend payment by an average of 0.2%per year over the last three years and has increased its dividend every year for the last 6 years. Texas Roadhouse has a payout ratio of 35.8% meaning its dividend is sufficiently covered by earnings. Equities 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 Price Performance

Shares of NASDAQ TXRH traded up $1.57 on Friday, hitting $162.30. The company’s stock had a trading volume of 432,556 shares, compared to its average volume of 1,118,184. The stock has a 50 day moving average of $167.76 and a 200-day moving average of $177.82. The company has a market capitalization of $10.78 billion, a price-to-earnings ratio of 24.78, a price-to-earnings-growth ratio of 2.50 and a beta of 0.87. Texas Roadhouse has a 12-month low of $148.73 and a 12-month high of $206.04.

Texas Roadhouse (NASDAQ:TXRH) last issued its quarterly earnings data on Thursday, November 6th. The restaurant operator reported $1.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.28 by ($0.03). The company had revenue of $1.44 billion for the quarter, compared to analyst estimates of $1.43 billion. Texas Roadhouse had a return on equity of 31.52% and a net margin of 7.72%.The company’s revenue for the quarter was up 12.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.26 earnings per share. Sell-side analysts expect that Texas Roadhouse will post 7.23 EPS for the current fiscal year.

Insider Buying and Selling at Texas Roadhouse

In other news, Director Gregory N. Moore sold 3,000 shares of the company’s stock in a transaction on Monday, August 18th. The shares were sold at an average price of $173.06, for a total value of $519,180.00. Following the completion of the transaction, the director directly owned 34,550 shares in the company, valued at approximately $5,979,223. This represents a 7.99% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CTO Hernan E. Mujica sold 2,189 shares of the firm’s stock in a transaction on Thursday, August 21st. The shares were sold at an average price of $172.40, for a total transaction of $377,383.60. Following the sale, the chief technology officer directly owned 17,553 shares of the company’s stock, valued at approximately $3,026,137.20. The trade was a 11.09% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 8,342 shares of company stock valued at $1,443,704 over the last three months. 0.50% of the stock is owned by company insiders.

Hedge Funds Weigh In On Texas Roadhouse

A number of institutional investors and hedge funds have recently added to or reduced their stakes in TXRH. Smithfield Trust Co purchased a new stake in shares of Texas Roadhouse during the third quarter worth about $93,000. State of New Jersey Common Pension Fund D boosted its holdings in Texas Roadhouse by 3.4% in the third quarter. State of New Jersey Common Pension Fund D now owns 21,341 shares of the restaurant operator’s stock valued at $3,546,000 after purchasing an additional 692 shares during the last quarter. HighTower Advisors LLC grew its stake in Texas Roadhouse by 1.0% during the 3rd quarter. HighTower Advisors LLC now owns 10,889 shares of the restaurant operator’s stock valued at $1,810,000 after purchasing an additional 103 shares in the last quarter. Ground Swell Capital LLC purchased a new stake in Texas Roadhouse during the 3rd quarter worth approximately $391,000. Finally, Savvy Advisors Inc. purchased a new stake in Texas Roadhouse during the 3rd quarter worth approximately $261,000. 94.82% of the stock is owned by hedge funds and other institutional investors.

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.