Texas Roadhouse, Inc. (NASDAQ:TXRH) Shareholders to Get $0.75 Quarterly Dividend

Texas Roadhouse, Inc. (NASDAQ:TXRH) announced a quarterly dividend on Wednesday, November 4th. Stockholders of record on Tuesday, December 1st will be given a dividend of $0.75 per share by the restaurant operator on Tuesday, December 29th. This represents a $3.00 annualized dividend and a dividend yield of 1.6%. The ex-dividend date of this dividend is Tuesday, December 1st.

Texas Roadhouse has increased its dividend payment 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 dividend payout ratio of 39.5% meaning its dividend is sufficiently covered by earnings. Analysts expect Texas Roadhouse to earn $7.78 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 38.6%.

Texas Roadhouse Stock Down 2.4%

Shares of TXRH opened at $191.79 on Friday. The firm has a market capitalization of $12.59 billion, a P/E ratio of 30.69, a P/E/G ratio of 2.13 and a beta of 0.81. Texas Roadhouse has a 12-month low of $153.82 and a 12-month high of $216.30. The company has a current ratio of 0.46, a quick ratio of 0.39 and a debt-to-equity ratio of 0.03. The firm has a fifty day moving average price of $173.05 and a 200-day moving average price of $179.11.

Texas Roadhouse (NASDAQ:TXRH) last posted its quarterly earnings results on Thursday, November 5th. The restaurant operator reported $1.36 EPS for the quarter, missing analysts’ consensus estimates of $1.46 by ($0.10). The company had revenue of $1.57 billion during the quarter, compared to the consensus estimate of $1.58 billion. Texas Roadhouse had a return on equity of 27.20% and a net margin of 6.63%. The company’s revenue for the quarter was up 9.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.25 earnings per share. Equities research analysts expect that Texas Roadhouse will post 6.48 earnings per share for the current year.

Insider Buying and Selling

In related news, insider Lloyd Marshall sold 500 shares of the company’s stock in a transaction dated Wednesday, August 26th. The shares were sold at an average price of $204.65, for a total value of $102,325.00. Following the completion of the sale, the insider directly owned 9,826 shares of the company’s stock, valued at $2,010,890.90. This represents a 4.84% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Gerald Morgan sold 15,000 shares of the stock in a transaction dated Friday, August 21st. The stock was sold at an average price of $202.17, for a total transaction of $3,032,550.00. Following the transaction, the chief executive officer owned 80,970 shares in the company, valued at approximately $16,369,704.90. The trade was a 15.63% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 19,970 shares of company stock valued at $4,061,808 over the last quarter. 0.50% of the stock is owned by company insiders.

Hedge Funds Weigh In On Texas Roadhouse

Hedge funds and other institutional investors have recently modified their holdings of the business. BlackRock Inc. bought a new position in Texas Roadhouse in the second quarter worth approximately $1,273,173,000. Bank of America Corp DE bought a new stake in Texas Roadhouse during the 2nd quarter valued at $113,993,000. Park Presidio Capital LLC bought a new stake in Texas Roadhouse during the 2nd quarter valued at $102,977,000. Bank of New York Mellon Corp purchased a new position in shares of Texas Roadhouse in the 2nd quarter valued at $95,158,000. Finally, Bamco Inc. NY purchased a new position in shares of Texas Roadhouse in the 2nd quarter valued at $60,148,000. 94.82% of the stock is currently owned by institutional investors.

Texas Roadhouse Company Profile

Texas Roadhouse, Inc (NASDAQ: TXRH) operates full-service casual dining restaurants under the Texas Roadhouse, Bubba’s 33 and Jaggers brands. Its restaurants serve made-from-scratch meals centered on hand-cut steaks, ribs, chicken, seafood, burgers and other American-style dishes, along with freshly baked rolls and a selection of beverages.

Founded in 1993, Texas Roadhouse began with its first restaurant in Clarksville, Indiana. The company’s restaurant network includes company-owned and franchised locations across the United States, as well as international locations.