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

Texas Roadhouse, Inc. (NASDAQ:TXRH) announced a quarterly dividend on Thursday, August 8th, Zacks reports. Stockholders of record on Wednesday, September 4th will be given a dividend of 0.61 per share by the restaurant operator on Tuesday, September 24th. This represents a $2.44 dividend on an annualized basis and a dividend yield of 1.45%. The ex-dividend date is Wednesday, September 4th.

Texas Roadhouse has increased its dividend payment by an average of 82.8% per year over the last three years. Texas Roadhouse has a dividend payout ratio of 35.4% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Texas Roadhouse to earn $6.96 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 35.1%.

Texas Roadhouse Price Performance

TXRH opened at $168.75 on Tuesday. The stock’s 50 day moving average price is $169.23 and its 200 day moving average price is $162.13. The stock has a market cap of $11.25 billion, a P/E ratio of 34.16, a P/E/G ratio of 1.53 and a beta of 0.99. Texas Roadhouse has a 12 month low of $91.06 and a 12 month high of $177.72.

Texas Roadhouse (NASDAQ:TXRH) last issued its quarterly earnings results on Thursday, July 25th. The restaurant operator reported $1.79 EPS for the quarter, beating analysts’ consensus estimates of $1.64 by $0.15. The company had revenue of $1.34 billion for the quarter, compared to analyst estimates of $1.34 billion. Texas Roadhouse had a return on equity of 30.94% and a net margin of 7.47%. The company’s quarterly revenue was up 14.5% compared to the same quarter last year. During the same period last year, the company earned $1.22 earnings per share. Equities analysts anticipate that Texas Roadhouse will post 6.32 EPS for the current year.

Analysts Set New Price Targets

A number of research analysts recently commented on the stock. Stifel Nicolaus raised their price objective on shares of Texas Roadhouse from $155.00 to $175.00 and gave the company a “hold” rating in a research note on Monday, May 6th. BTIG Research boosted their price objective on Texas Roadhouse from $175.00 to $190.00 and gave the stock a “buy” rating in a research note on Friday, July 26th. Bank of America upped their price objective on Texas Roadhouse from $189.00 to $205.00 and gave the company a “buy” rating in a report on Wednesday, July 17th. Evercore ISI lifted their target price on Texas Roadhouse from $175.00 to $195.00 and gave the stock an “outperform” rating in a report on Friday, July 26th. Finally, Royal Bank of Canada raised their price objective on shares of Texas Roadhouse from $165.00 to $175.00 and gave the company a “sector perform” rating in a research report on Friday, June 7th. Thirteen analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $171.85.

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.