Texas Roadhouse, Inc. (NASDAQ:TXRH – Get Free Report) declared a quarterly dividend on Wednesday, August 5th. Investors of record on Tuesday, September 1st will be paid a dividend of 0.75 per share by the restaurant operator on Tuesday, September 29th. This represents a c) dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date of this dividend is Tuesday, September 1st.
Texas Roadhouse has increased its dividend by an average of 0.5%per year over the last three years and has raised its dividend annually for the last 6 consecutive years. Texas Roadhouse has a dividend payout ratio of 39.5% indicating that its dividend is sufficiently covered by earnings. Analysts expect Texas Roadhouse to earn $7.95 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 37.7%.
Texas Roadhouse Price Performance
TXRH opened at $198.99 on Friday. The firm has a market cap of $13.06 billion, a P/E ratio of 31.84, a PEG ratio of 1.97 and a beta of 0.79. The firm has a 50-day moving average of $198.20 and a 200 day moving average of $180.76. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.39 and a current ratio of 0.46. Texas Roadhouse has a fifty-two week low of $153.82 and a fifty-two week high of $216.30.
Analysts Set New Price Targets
A number of equities research analysts recently commented on the stock. Robert W. Baird raised shares of Texas Roadhouse to a “strong-buy” rating in a report on Monday, August 24th. Weiss Ratings reissued a “buy (b-)” rating on shares of Texas Roadhouse in a report on Wednesday. BTIG Research raised their target price on Texas Roadhouse from $200.00 to $220.00 and gave the stock a “buy” rating in a research report on Friday, August 7th. Mizuho boosted their target price on Texas Roadhouse from $190.00 to $230.00 and gave the company an “outperform” rating in a research note on Friday, July 31st. Finally, Piper Sandler upped their price target on Texas Roadhouse from $192.00 to $208.00 and gave the company a “neutral” rating in a research report on Monday, August 10th. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and thirteen have issued a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $208.48.
Read Our Latest Research Report on TXRH
About Texas Roadhouse
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.
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