Texas Roadhouse Inc to Issue Quarterly Dividend of $0.21 (TXRH)
Texas Roadhouse Inc (NASDAQ:TXRH) announced a quarterly dividend on Monday, May 22nd. Investors of record on Wednesday, June 14th will be given a dividend of 0.21 per share by the restaurant operator on Friday, June 30th. This represents a $0.84 annualized dividend and a yield of 1.74%. The ex-dividend date is Monday, June 12th.
Texas Roadhouse (NASDAQ:TXRH) traded down 0.72% during midday trading on Monday, reaching $48.24. 758,931 shares of the company traded hands. The firm has a market capitalization of $3.42 billion, a price-to-earnings ratio of 29.94 and a beta of 0.55. The firm has a 50-day moving average price of $46.86 and a 200-day moving average price of $45.95. Texas Roadhouse has a one year low of $37.23 and a one year high of $51.79.
Texas Roadhouse (NASDAQ:TXRH) last issued its earnings results on Monday, May 1st. The restaurant operator reported $0.61 EPS for the quarter, topping the consensus estimate of $0.58 by $0.03. Texas Roadhouse had a return on equity of 17.05% and a net margin of 6.01%. The business had revenue of $567.70 million during the quarter, compared to the consensus estimate of $560.74 million. During the same quarter last year, the company earned $0.50 EPS. The firm’s revenue was up 10.1% compared to the same quarter last year. Equities analysts predict that Texas Roadhouse will post $1.91 EPS for the current fiscal year.
TXRH has been the subject of several analyst reports. Canaccord Genuity restated a “hold” rating and issued a $42.00 target price on shares of Texas Roadhouse in a research note on Friday, February 10th. Maxim Group restated a “buy” rating and issued a $52.00 target price (down previously from $56.00) on shares of Texas Roadhouse in a research note on Wednesday, February 22nd. Robert W. Baird upgraded Texas Roadhouse from a “neutral” rating to an “outperform” rating and set a $48.00 target price for the company in a research note on Tuesday, March 14th. Morgan Stanley raised their target price on Texas Roadhouse from $49.00 to $50.00 and gave the stock an “equal weight” rating in a research note on Tuesday, May 2nd. Finally, Jefferies Group LLC restated an “underperform” rating and issued a $40.00 target price (up previously from $38.00) on shares of Texas Roadhouse in a research note on Tuesday, May 2nd. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating and six have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $48.47.
In related news, General Counsel Celia Catlett sold 1,837 shares of the business’s stock in a transaction that occurred on Tuesday, May 9th. The stock was sold at an average price of $49.95, for a total value of $91,758.15. Following the completion of the sale, the general counsel now owns 10,000 shares in the company, valued at approximately $499,500. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider S. Chris Jacobsen sold 3,500 shares of the business’s stock in a transaction that occurred on Wednesday, May 3rd. The stock was sold at an average price of $51.29, for a total value of $179,515.00. Following the completion of the sale, the insider now owns 17,684 shares of the company’s stock, valued at approximately $907,012.36. The disclosure for this sale can be found here. Insiders sold a total of 25,137 shares of company stock valued at $1,227,889 in the last 90 days. 7.40% of the stock is currently owned by corporate insiders.
About Texas Roadhouse
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.
Receive News & Ratings for Texas Roadhouse Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Texas Roadhouse Inc and related companies with MarketBeat.com's FREE daily email newsletter.