Texas Roadhouse, Inc. (TXRH) to Issue Quarterly Dividend of $0.68 on April 1st

Texas Roadhouse, Inc. (NASDAQ:TXRH) declared a quarterly dividend on Friday, February 21st, Wall Street Journal reports. Shareholders 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 is Tuesday, March 18th. This is a boost from Texas Roadhouse’s previous quarterly dividend of $0.61.

Texas Roadhouse has increased its dividend payment by an average of 26.7% per year over the last three years. Texas Roadhouse has a dividend payout ratio of 30.2% 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 $2.44 annual dividend with an expected future payout ratio of 29.5%.

Texas Roadhouse Stock Down 1.4 %

TXRH opened at $169.13 on Friday. The firm has a 50-day simple moving average of $179.22 and a two-hundred day simple moving average of $180.17. Texas Roadhouse has a 52 week low of $146.51 and a 52 week high of $206.04. The company has a market capitalization of $11.28 billion, a PE ratio of 26.14, a price-to-earnings-growth ratio of 1.23 and a beta of 1.02.

Texas Roadhouse (NASDAQ:TXRH) last announced its quarterly earnings results on Thursday, February 20th. The restaurant operator reported $1.73 EPS for the quarter, beating analysts’ consensus estimates of $1.66 by $0.07. Texas Roadhouse had a net margin of 8.07% and a return on equity of 34.02%. The firm had revenue of $1.44 billion during the quarter, compared to the consensus estimate of $1.41 billion. As a group, sell-side analysts expect that Texas Roadhouse will post 7.23 earnings per share for the current year.

Insider Activity at Texas Roadhouse

In related news, insider Christopher C. Colson sold 1,370 shares of Texas Roadhouse stock in a transaction that occurred 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 transaction, the insider now directly owns 10,000 shares of the company’s stock, valued at $1,794,600. This trade represents a 12.05 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. 0.50% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of research analysts recently commented on the stock. Truist Financial lowered their price target on shares of Texas Roadhouse from $209.00 to $205.00 and set a “buy” rating for the company in a report on Friday. Morgan Stanley raised shares of Texas Roadhouse from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $205.00 to $213.00 in a report on Tuesday, January 21st. Loop Capital lowered their price target on shares of Texas Roadhouse from $215.00 to $209.00 and set a “buy” rating for the company in a report on Monday, October 28th. Barclays lowered their price target on shares of Texas Roadhouse from $194.00 to $178.00 and set an “equal weight” rating for the company in a report on Friday. Finally, Citigroup increased their price objective on shares of Texas Roadhouse from $212.00 to $213.00 and gave the stock a “buy” rating in a research report on Friday. Eleven investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat.com, Texas Roadhouse currently has an average rating of “Moderate Buy” and an average price target 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.