Texas Roadhouse, Inc. (NASDAQ:TXRH) Announces Quarterly Dividend of $0.68

Key Points

• Texas Roadhouse, Inc. declared a quarterly dividend of $0.68 per share, payable on September 30th to investors of record as of September 2nd, resulting in an annualized yield of 1.6%.
• The company reported earnings of $1.86 per share for the last quarter, falling short of the consensus estimate of $1.95, with a revenue of $1.51 billion, marking a 12.7% year-over-year increase.
• Texas Roadhouse's stock recently declined by 6.6%, trading at $172.88, with a market capitalization of $11.47 billion and analysts maintaining a generally positive outlook with a consensus target price of $197.85.

Texas Roadhouse, Inc. (NASDAQ:TXRH - Get Free Report) declared a quarterly dividend on Friday, August 8th, Wall Street Journal reports. Investors of record on Tuesday, September 2nd will be paid a dividend of 0.68 per share by the restaurant operator on Tuesday, September 30th. This represents a c) dividend on an annualized basis and a yield of 1.6%. The ex-dividend date is Tuesday, September 2nd.

Texas Roadhouse has a payout ratio of 35.8% indicating that its dividend is sufficiently covered by earnings. Equities 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 6.6%

TXRH traded down $12.13 during mid-day trading on Friday, reaching $172.88. 3,205,061 shares of the company traded hands, compared to its average volume of 1,114,563. The stock has a market capitalization of $11.47 billion, a P/E ratio of 26.68, a P/E/G ratio of 2.60 and a beta of 0.86. Texas Roadhouse has a 52-week low of $148.73 and a 52-week high of $206.04. The company's fifty day moving average price is $188.05 and its 200-day moving average price is $179.30.

Texas Roadhouse (NASDAQ:TXRH - Get Free Report) last issued its earnings results on Thursday, August 7th. The restaurant operator reported $1.86 earnings per share for the quarter, missing the consensus estimate of $1.95 by ($0.09). Texas Roadhouse had a return on equity of 32.33% and a net margin of 7.89%. The firm had revenue of $1.51 billion during the quarter, compared to the consensus estimate of $1.50 billion. During the same period in the prior year, the company posted $1.79 EPS. The company's quarterly revenue was up 12.7% on a year-over-year basis. As a group, sell-side analysts forecast that Texas Roadhouse will post 7.23 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on TXRH shares. Melius Research raised shares of Texas Roadhouse to a "strong-buy" rating in a report on Monday, July 14th. Stephens boosted their price objective on shares of Texas Roadhouse from $184.00 to $190.00 and gave the stock an "equal weight" rating in a research note on Friday. The Goldman Sachs Group boosted their price objective on shares of Texas Roadhouse from $184.00 to $205.00 and gave the company a "neutral" rating in a report on Wednesday, June 4th. Melius initiated coverage on shares of Texas Roadhouse in a report on Monday, July 14th. They set a "buy" rating and a $235.00 price objective on the stock. Finally, Citigroup boosted their price objective on shares of Texas Roadhouse from $180.00 to $197.00 and gave the company a "neutral" rating in a report on Tuesday, July 29th. Ten analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Texas Roadhouse has an average rating of "Moderate Buy" and a consensus target price of $197.85.

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.

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