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

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 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date is Tuesday, December 1st.

Texas Roadhouse has increased its dividend payment by an average of 0.5% annually over the last three years and has increased its dividend annually for the last 6 consecutive years. Texas Roadhouse has a payout ratio of 39.5% meaning its dividend is sufficiently covered by earnings. Equities research 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 Performance

Shares of NASDAQ:TXRH opened at $187.21 on Friday. Texas Roadhouse has a 1-year low of $153.82 and a 1-year high of $216.30. The stock has a market capitalization of $12.29 billion, a P/E ratio of 29.81, a P/E/G ratio of 2.13 and a beta of 0.81. 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 business has a 50-day moving average price of $173.05 and a two-hundred day moving average price of $179.11.

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

Insider Buying and Selling at Texas Roadhouse

In other news, CEO Gerald L. Morgan sold 15,000 shares of the company’s stock in a transaction that occurred on Friday, August 21st. The shares were sold at an average price of $202.17, for a total value of $3,032,550.00. Following the completion of the transaction, the chief executive officer owned 80,970 shares in the company, valued at $16,369,704.90. This represents a 15.63% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Gregory N. Moore sold 3,000 shares of the stock in a transaction on Tuesday, August 11th. The stock was sold at an average price of $208.32, for a total transaction of $624,960.00. Following the sale, the director directly owned 26,900 shares of the company’s stock, valued at $5,603,808. This represents a 10.03% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 19,970 shares of company stock worth $4,061,808 in the last quarter. Company insiders own 0.50% of the company’s stock.

Hedge Funds Weigh In On Texas Roadhouse

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Eurizon Capital SGR S.p.A. increased its holdings in shares of Texas Roadhouse by 38.1% during the 3rd quarter. Eurizon Capital SGR S.p.A. now owns 975 shares of the restaurant operator’s stock worth $154,000 after acquiring an additional 269 shares during the last quarter. R Squared Ltd bought a new stake in Texas Roadhouse in the 3rd quarter valued at $414,000. Machina Capital S.A.S. acquired a new stake in Texas Roadhouse during the 3rd quarter valued at $643,000. Bahl & Gaynor LLC lifted its holdings in Texas Roadhouse by 2.7% during the 3rd quarter. Bahl & Gaynor LLC now owns 346,038 shares of the restaurant operator’s stock valued at $54,100,000 after purchasing an additional 9,095 shares during the last quarter. Finally, Lido Advisors LLC boosted its position in Texas Roadhouse by 0.8% during the third quarter. Lido Advisors LLC now owns 7,528 shares of the restaurant operator’s stock worth $1,177,000 after purchasing an additional 59 shares during the period. 94.82% of the stock is owned by institutional investors and hedge funds.

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.