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

Texas Roadhouse, Inc. (NASDAQ:TXRH) announced a quarterly dividend on Wednesday, August 5th. Shareholders of record on Tuesday, September 1st will be given a dividend of 0.75 per share by the restaurant operator on Tuesday, September 29th. This represents a c) annualized dividend and a yield of 1.4%. The ex-dividend date of this dividend is Tuesday, September 1st.

Texas Roadhouse has increased its dividend by an average of 0.5%annually over the last three years and has raised its dividend annually for the last 6 consecutive years. Texas Roadhouse has a dividend payout ratio of 39.5% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Texas Roadhouse to earn $7.67 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 39.1%.

Texas Roadhouse Stock Performance

Shares of TXRH opened at $208.17 on Friday. The stock’s 50-day simple moving average is $186.99 and its 200 day simple moving average is $178.70. The stock has a market capitalization of $13.68 billion, a price-to-earnings ratio of 33.25, a price-to-earnings-growth ratio of 2.31 and a beta of 0.79. Texas Roadhouse has a 52-week low of $153.82 and a 52-week high of $213.26. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.40 and a current ratio of 0.46.

Texas Roadhouse (NASDAQ:TXRH) last posted its earnings results on Thursday, August 6th. The restaurant operator reported $1.85 earnings per share for the quarter, topping analysts’ consensus estimates of $1.83 by $0.02. Texas Roadhouse had a net margin of 6.85% and a return on equity of 27.86%. The business had revenue of $1.68 billion for the quarter, compared to analyst estimates of $1.67 billion. During the same quarter in the prior year, the firm posted $1.86 EPS. Texas Roadhouse’s revenue was up 11.1% on a year-over-year basis. Research analysts forecast that Texas Roadhouse will post 6.45 EPS for the current fiscal year.

More Texas Roadhouse News

Here are the key news stories impacting Texas Roadhouse this week:

• Positive Sentiment: Analysts raised price targets: TD Cowen increased its target from $205 to $230 and upgraded the stock to “buy,” while BTIG Research raised its target from $200 to $220 and maintained a “buy” rating. The revisions imply additional upside from recent trading levels. Analysts Raise Texas Roadhouse Forecasts
• Positive Sentiment: Second-quarter results exceeded the primary consensus: Texas Roadhouse reported adjusted earnings of $1.85 per share versus expectations of $1.83 and revenue of $1.68 billion versus estimates of $1.67 billion. Revenue increased 11.1% year over year, supported by higher sales and traffic. Texas Roadhouse Second-Quarter Results
• Positive Sentiment: Dividend continues to provide shareholder support: The company declared a quarterly dividend of $0.75 per share, payable September 29 to shareholders of record as of September 1. The indicated annual yield is approximately 1.4%.
• Neutral Sentiment: Stephens raised its target but remains cautious: The firm lifted its price target from $180 to $205 while maintaining an “equal weight” rating. The new target is slightly below the recent share price, suggesting limited near-term upside in Stephens’ view. Stephens Texas Roadhouse Price Target
• Negative Sentiment: Some earnings comparisons were less favorable: Zacks reported that the $1.85 EPS result missed its more conservative $1.90 estimate and declined from $1.86 a year earlier. With TXRH trading at a forward-looking premium valuation, investors may focus on whether earnings growth accelerates enough to justify the price.

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.