Texas Roadhouse Inc (TXRH) Declares Quarterly Dividend of $0.15
Texas Roadhouse (NASDAQ:TXRH) declared a quarterly dividend on Friday, May 23rd, Analyst Ratings Network.com reports. Shareholders of record on Wednesday, June 18th will be given a dividend of 0.15 per share on Thursday, July 3rd. This represents a $0.60 dividend on an annualized basis and a yield of 2.43%.
Several analysts have recently commented on the stock. Analysts at Wunderlich cut their price target on shares of Texas Roadhouse from $30.00 to $28.00 in a research note on Tuesday, May 6th. They now have a “hold” rating on the stock. On the ratings front, analysts at RBC Capital reiterated a “buy” rating on shares of Texas Roadhouse in a research note on Friday, May 2nd. Finally, analysts at Barclays raised their price target on shares of Texas Roadhouse from $29.00 to $32.00 in a research note on Tuesday, April 15th. They now have an “overweight” rating on the stock. Five analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $28.33.
Texas Roadhouse (NASDAQ:TXRH) opened at 24.73 on Friday. Texas Roadhouse has a 52 week low of $22.87 and a 52 week high of $29.07. The stock has a 50-day moving average of $24.87 and a 200-day moving average of $26.08. The company has a market cap of $1.724 billion and a price-to-earnings ratio of 21.54.
Texas Roadhouse (NASDAQ:TXRH) last released its earnings data on Monday, May 5th. The company reported $0.37 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.39 by $0.02. The company had revenue of $397.10 million for the quarter, compared to the consensus estimate of $394.07 million. During the same quarter in the prior year, the company posted $0.37 earnings per share. The company’s quarterly revenue was up 10.4% on a year-over-year basis. On average, analysts predict that Texas Roadhouse will post $1.26 earnings per share for the current fiscal year.
In other Texas Roadhouse news, COO Steven Ortiz acquired 20,000 shares of the stock on the open market in a transaction dated Thursday, May 15th. The stock was purchased at an average cost of $23.97 per share, with a total value of $479,400.00. Following the acquisition, the chief operating officer now directly owns 290,753 shares in the company, valued at approximately $6,969,349. The purchase was disclosed in a legal filing with the SEC, which is available at this link.
Texas Roadhouse, Inc (NASDAQ:TXRH) is a full-service restaurant chain.
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