Texas Roadhouse, Inc. Plans Quarterly Dividend of $0.75 (NASDAQ:TXRH)

Texas Roadhouse, Inc. (NASDAQ:TXRH) declared a quarterly dividend on Thursday, May 7th. Investors of record on Tuesday, June 2nd will be given a dividend of 0.75 per share by the restaurant operator on Tuesday, June 30th. This represents a c) dividend on an annualized basis and a yield of 1.9%. The ex-dividend date of this dividend is Tuesday, June 2nd.

Texas Roadhouse has increased its dividend by an average of 0.5%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 39.5% indicating that its dividend is sufficiently covered by earnings. Analysts expect Texas Roadhouse to earn $7.64 per share next year, which means the company should continue to be able to cover its $3.00 annual dividend with an expected future payout ratio of 39.3%.

Texas Roadhouse Stock Down 1.1%

Shares of Texas Roadhouse stock opened at $157.93 on Friday. The stock has a market capitalization of $10.41 billion, a price-to-earnings ratio of 25.93, a price-to-earnings-growth ratio of 1.83 and a beta of 0.77. Texas Roadhouse has a twelve month low of $153.82 and a twelve month high of $199.99. The company has a 50-day simple moving average of $166.81 and a two-hundred day simple moving average of $172.64.

Texas Roadhouse (NASDAQ:TXRH) last announced its earnings results on Thursday, May 7th. The restaurant operator reported $1.87 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.80 by $0.07. Texas Roadhouse had a net margin of 6.90% and a return on equity of 27.88%. The firm had revenue of $1.63 billion for the quarter, compared to analyst estimates of $1.64 billion. During the same quarter in the prior year, the business posted $1.70 EPS. The business’s revenue was up 10.5% compared to the same quarter last year. On average, sell-side analysts anticipate that Texas Roadhouse will post 6.33 earnings per share for the current fiscal year.

About Texas Roadhouse

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.