Christmas is Coming Early Via Dividend Payout for TXRH Shareholders

Texas Roadhouse is set to pay out dividends on Dec. 23

facebook X logo linkedin


Texas Roadhouse Inc (NASDAQ:TXRH) is a restaurant company that operates in the casual dining industry. TXRH and its franchisees operate 654 restaurants in 49 states and 10 foreign countries. Last month, Texas Roadhouse announced that its board of directors had authorized the payment of a cash dividend of $0.40 per share of common stock. The payment will be distributed on Dec. 23 to shareholders of record at the close of business on Dec. 8. Moreover, TXRH offers a forward dividend of $1.60 with a dividend yield of 1.98%.

Texas Roadhouse stock has been in selloff mode since failing once again at the $96 region, which has kept a lid on shares since September. The equity recently broke down below the formerly supportive 320-day moving average, which now looks to be acting as additional pressure on the charts. Year-to-date, TXRH still sports a muted 5% lead. 

txrh dec 3

Fundamentally speaking, Texas Roadhouse has demonstrated a strong recovery from pandemic-related shutdowns after reporting a 13% revenue decline and an 82% decrease in net income for fiscal 2020. TXRH has since grown its trailing 12-month revenues and net income by 34% and 578%, respectively. In addition, the restaurant company had maintained consistent top- and bottom-line growth for multiple years prior to the pandemic, generating a 24% increase in revenues and a 33% increase in net income between fiscal 2017 and fiscal 2019.

However, Texas Roadhouse stock trades at a relatively expensive price-earnings ratio of 27.69 and TXRH has a somewhat pricey forward price-earnings ratio of 21.14, given the industry the company operates in and its limited growth potential. Overall, potential buyers may want to hold off for a better valuation, but Texas Roadhouse stock's consistency makes TXRH a decent option for long-term investors.

 

Target Effortless Triple-Digit Gains Every Sunday Evening For Life!

This is your chance to triple your profit potential on Sunday evenings, without spending all your free time watching the market.

On Sundays, as a Weekend Plus subscriber, you’ll get up to 6 trades every Sunday, each targeting gains of 200% or more.

Start targeting gains like the ones our subscribers have seen recently, including:

213.3% GAIN on AutoNation calls
100.0% GAIN on Monster Beverage calls
100.4% GAIN on Walgreens Boots Alliance puts
100.4% GAIN on ON Semiconductor calls
257.7% GAIN on Dell calls

101.0% GAIN on Apollo Global Management calls
103.6% GAIN on JP Morgan  Chase calls
105.3% GAIN on DraftKings calls
101.3% GAIN on Airbnb calls
203.0% GAIN on Shopify calls
102.0% GAIN on Cboe Global Markets calls
100.9% GAIN on Boeing calls
102.1% GAIN on Microsoft puts
102.3% GAIN on First Solar calls
101.5% GAIN on PulteGroup calls
101.0% GAIN on Apple calls
209.4% GAIN on NXP Semiconductors calls
100.8% GAIN on Uber Technologies calls
100.4% GAIN on Academy Sports and Outdoors puts
102.2% GAIN on Trade Desk calls
100.8% GAIN on DoorDash calls
100.0% GAIN on Camping World Holdings puts
100.0% GAIN on Cboe Global Markets calls
100.2% GAIN on C3.ai calls
238.5% GAIN on Oracle calls

 
 
 


 
 

Rainmaker Ads CGI