Texas Roadhouse, Inc. (NASDAQ:TXRH) Plans Dividend Increase – $0.75 Per Share

Texas Roadhouse, Inc. (NASDAQ:TXRH) announced a quarterly dividend on Thursday, February 19th. Stockholders of record on Tuesday, March 17th will be paid a dividend of 0.75 per share by the restaurant operator on Tuesday, March 31st. This represents a c) dividend on an annualized basis 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 every year for the last 6 years. Texas Roadhouse has a payout ratio of 35.8% indicating that its dividend is sufficiently covered by earnings. Research 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 Down 2.7%

TXRH stock traded down $4.86 during trading on Friday, hitting $177.67. The company had a trading volume of 1,212,827 shares, compared to its average volume of 979,491. The firm has a 50-day moving average price of $180.60 and a 200-day moving average price of $173.58. The firm has a market cap of $11.75 billion, a PE ratio of 27.20, a price-to-earnings-growth ratio of 3.05 and a beta of 0.88. Texas Roadhouse has a 1-year low of $148.73 and a 1-year high of $199.99.

Texas Roadhouse (NASDAQ:TXRH) last announced its quarterly earnings data on Thursday, February 19th. The restaurant operator reported $1.28 EPS for the quarter, missing analysts’ consensus estimates of $1.57 by ($0.29). Texas Roadhouse had a return on equity of 30.59% and a net margin of 7.49%.The firm had revenue of $1.48 billion for the quarter, compared to analysts’ expectations of $1.50 billion. During the same quarter in the previous year, the company posted $1.73 EPS. The firm’s quarterly revenue was up 3.1% compared to the same quarter last year. Sell-side analysts anticipate that Texas Roadhouse will post 7.23 earnings per share for the current year.

Texas Roadhouse Company Profile

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.