Texas Roadhouse, Inc. (NASDAQ:TXRH) Increases Dividend to $0.75 Per Share

Texas Roadhouse, Inc. (NASDAQ:TXRHGet Free Report) announced a quarterly dividend on Thursday, February 19th. Investors of record on Tuesday, March 17th will be given a dividend of 0.75 per share by the restaurant operator on Tuesday, March 31st. This represents a c) annualized dividend and a dividend yield of 1.7%. The ex-dividend date is Tuesday, March 17th. This is a 10.3% increase from Texas Roadhouse’s previous quarterly dividend of $0.68.

Texas Roadhouse has raised its dividend by an average of 0.2%per year over the last three years and has increased its dividend annually for the last 6 consecutive years. 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 Stock Performance

Texas Roadhouse stock traded down $4.36 during trading on Friday, reaching $178.18. The company had a trading volume of 1,381,519 shares, compared to its average volume of 986,729. Texas Roadhouse has a 12-month low of $148.73 and a 12-month high of $199.99. The stock’s 50 day moving average price is $180.60 and its two-hundred day moving average price is $173.58. The firm has a market capitalization of $11.79 billion, a price-to-earnings ratio of 27.25, a PEG ratio of 3.05 and a beta of 0.88.

Texas Roadhouse (NASDAQ:TXRHGet Free Report) last announced its quarterly earnings results on Thursday, February 19th. The restaurant operator reported $1.28 earnings per share for the quarter, missing analysts’ consensus estimates of $1.57 by ($0.29). The company had revenue of $1.48 billion during the quarter, compared to analyst estimates of $1.50 billion. Texas Roadhouse had a net margin of 7.49% and a return on equity of 30.59%. The firm’s revenue for the quarter was up 3.1% compared to the same quarter last year. During the same quarter last year, the business earned $1.73 EPS. As a group, research analysts expect that Texas Roadhouse will post 7.23 earnings per share for the current year.

Texas Roadhouse News Summary

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Texas Roadhouse Company Profile

(Get Free Report)

Texas Roadhouse, Inc is a casual dining restaurant chain specializing in hand‐cut steaks, fall‐off‐the‐bone ribs, chicken, seafood and house specialties. Each restaurant features a Western‐themed décor, open kitchens and a signature line dance presentation of fresh, made‐from‐scratch sides and breads. The company emphasizes an energetic dining experience, focusing on hospitality, value and a family‐friendly environment.

The concept was created in 1993 by founder Kent Taylor, who sought to combine high‐quality steaks with an approachable, community‐oriented atmosphere.

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Dividend History for Texas Roadhouse (NASDAQ:TXRH)

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