Texas Roadhouse, Inc. (TXRH) to Issue $0.21 Dividend

Texas Roadhouse, Inc. (NASDAQ:TXRH) declared a dividend on Thursday, December 7th, Fidelity reports. Stockholders of record on Wednesday, December 13th will be given a dividend of 0.21 per share by the restaurant operator on Friday, December 29th. The ex-dividend date of this dividend is Tuesday, December 12th.

Texas Roadhouse (TXRH) traded down $0.72 during mid-day trading on Thursday, hitting $50.83. 780,620 shares of the stock were exchanged, compared to its average volume of 765,636. The company has a market capitalization of $3,680.45, a PE ratio of 27.83, a P/E/G ratio of 2.12 and a beta of 0.52. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.69 and a quick ratio of 0.63. Texas Roadhouse has a 52-week low of $40.28 and a 52-week high of $53.61.

Texas Roadhouse (NASDAQ:TXRH) last posted its earnings results on Monday, October 30th. The restaurant operator reported $0.43 EPS for the quarter, hitting analysts’ consensus estimates of $0.43. The firm had revenue of $540.50 million during the quarter, compared to analysts’ expectations of $538.15 million. Texas Roadhouse had a net margin of 5.73% and a return on equity of 16.71%. The business’s revenue for the quarter was up 12.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.36 earnings per share. sell-side analysts forecast that Texas Roadhouse will post 1.93 EPS for the current fiscal year.

In other Texas Roadhouse news, Director Kathy Widmer sold 2,000 shares of the stock in a transaction that occurred on Thursday, September 21st. The shares were sold at an average price of $47.95, for a total transaction of $95,900.00. Following the completion of the sale, the director now owns 11,750 shares of the company’s stock, valued at approximately $563,412.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, General Counsel Celia Catlett sold 3,663 shares of the stock in a transaction that occurred on Monday, November 13th. The shares were sold at an average price of $49.34, for a total transaction of $180,732.42. The disclosure for this sale can be found here. Corporate insiders own 7.40% of the company’s stock.

A number of research firms have recently commented on TXRH. Oppenheimer reissued a “hold” rating on shares of Texas Roadhouse in a report on Tuesday, October 31st. BMO Capital Markets dropped their target price on shares of Texas Roadhouse from $58.00 to $57.00 and set an “outperform” rating for the company in a report on Tuesday, October 31st. Maxim Group increased their target price on shares of Texas Roadhouse from $55.00 to $60.00 and gave the stock a “buy” rating in a report on Tuesday, October 31st. Canaccord Genuity reissued a “hold” rating and issued a $51.00 target price on shares of Texas Roadhouse in a report on Sunday, October 22nd. Finally, Robert W. Baird reissued a “buy” rating and issued a $56.00 target price on shares of Texas Roadhouse in a report on Friday, October 20th. Three analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eight have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $51.05.

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Texas Roadhouse Company Profile

Texas Roadhouse, Inc is a restaurant company, which operates in the casual dining segment. The Company offers an assortment of seasoned and aged steaks, all cooked over open grills and all but one hand cut daily on the premises. Its restaurants offer a range of menu items at prices that are designed to appeal to a range of consumer tastes.

Dividend History for Texas Roadhouse (NASDAQ:TXRH)

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