Texas Roadhouse, Inc. (TXRH) To Go Ex-Dividend on December 10th

Texas Roadhouse, Inc. (NASDAQ:TXRH) announced a quarterly dividend on Thursday, November 7th,Zacks Dividends reports. Shareholders of record on Tuesday, December 10th will be given a dividend of 0.61 per share by the restaurant operator on Tuesday, December 31st. This represents a $2.44 dividend on an annualized basis and a yield of 1.23%. The ex-dividend date of this dividend is Tuesday, December 10th.

Texas Roadhouse has increased its dividend payment by an average of 82.8% per year over the last three years. Texas Roadhouse has a payout ratio of 34.1% meaning its dividend is sufficiently covered by earnings. Analysts expect Texas Roadhouse to earn $7.22 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 33.8%.

Texas Roadhouse Trading Up 0.6 %

TXRH stock traded up $1.18 during mid-day trading on Friday, reaching $197.77. 504,653 shares of the stock traded hands, compared to its average volume of 775,453. Texas Roadhouse has a 52-week low of $101.73 and a 52-week high of $201.24. The company has a market cap of $13.19 billion, a P/E ratio of 33.98, a P/E/G ratio of 1.69 and a beta of 0.98. The stock’s fifty day moving average is $177.12 and its 200-day moving average is $171.24.

Texas Roadhouse (NASDAQ:TXRH) last posted its quarterly earnings results on Thursday, October 24th. The restaurant operator reported $1.26 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.32 by ($0.06). The company had revenue of $1.27 billion during the quarter, compared to analysts’ expectations of $1.27 billion. Texas Roadhouse had a return on equity of 31.33% and a net margin of 7.65%. Texas Roadhouse’s revenue for the quarter was up 13.5% compared to the same quarter last year. During the same period last year, the company earned $0.95 earnings per share. Equities research analysts expect that Texas Roadhouse will post 6.39 earnings per share for the current year.

Analyst Ratings Changes

A number of analysts have recently issued reports on TXRH shares. Robert W. Baird increased their price target on shares of Texas Roadhouse from $190.00 to $205.00 and gave the stock an “outperform” rating in a research report on Friday, October 25th. Stephens increased their price target on shares of Texas Roadhouse from $170.00 to $176.00 and gave the stock an “equal weight” rating in a research report on Monday, July 29th. Wells Fargo & Company increased their price target on shares of Texas Roadhouse from $165.00 to $175.00 and gave the stock an “equal weight” rating in a research report on Friday, July 26th. Loop Capital dropped their price objective on Texas Roadhouse from $215.00 to $209.00 and set a “buy” rating on the stock in a report on Monday, October 28th. Finally, Truist Financial increased their price objective on Texas Roadhouse from $202.00 to $207.00 and gave the stock a “buy” rating in a report on Friday, October 25th. Twelve research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat, Texas Roadhouse has a consensus rating of “Hold” and an average target price of $189.00.

About Texas Roadhouse

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.