Texas Roadhouse, Inc. (TXRH) To Go Ex-Dividend on June 2nd

Texas Roadhouse, Inc. (NASDAQ:TXRH) declared a quarterly dividend on Wednesday, May 6th. Stockholders of record on Tuesday, June 2nd will be paid a dividend of 0.75 per share by the restaurant operator on Tuesday, June 30th. This represents a c) annualized dividend and a dividend yield of 1.7%. The ex-dividend date of this dividend is Tuesday, June 2nd.

Texas Roadhouse has increased its dividend 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% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Texas Roadhouse to earn $7.69 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 39.0%.

Texas Roadhouse Stock Up 0.1%

Shares of Texas Roadhouse stock opened at $180.62 on Friday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.40 and a current ratio of 0.46. Texas Roadhouse has a 52-week low of $153.82 and a 52-week high of $197.99. The stock has a market capitalization of $11.87 billion, a price-to-earnings ratio of 28.85, a P/E/G ratio of 1.98 and a beta of 0.77. The company’s 50 day moving average price is $168.07 and its 200-day moving average price is $173.65.

Texas Roadhouse (NASDAQ:TXRH) last issued its earnings results on Thursday, May 7th. The restaurant operator reported $1.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.80 by $0.07. Texas Roadhouse had a net margin of 6.85% and a return on equity of 27.86%. The firm had revenue of $1.63 billion for the quarter, compared to analysts’ expectations of $1.64 billion. During the same quarter last year, the business earned $1.70 earnings per share. The business’s revenue was up 10.5% on a year-over-year basis. Equities research analysts forecast that Texas Roadhouse will post 6.4 EPS for the current year.

Texas Roadhouse Company Profile

Texas Roadhouse, Inc is a casual dining restaurant chain specializing in hand‐cut steaks, fall‐off‐the‐bone ribs, chicken, seafood and house specialties. Each restaurant features a Western‐themed décor, open kitchens and a signature line dance presentation of fresh, made‐from‐scratch sides and breads. The company emphasizes an energetic dining experience, focusing on hospitality, value and a family‐friendly environment.

The concept was created in 1993 by founder Kent Taylor, who sought to combine high‐quality steaks with an approachable, community‐oriented atmosphere.