Company Update (NASDAQ:TXRH): Texas Roadhouse, Inc. Announces Quarterly Dividend
Texas Roadhouse Inc’s (NASDAQ:TXRH) Board of Directors authorized the payment of a cash dividend of $0.17 per share of common stock. This payment will be distributed on October 2, 2015, to shareholders of record at the close of business on September 16, 2015. (Original Source)
Shares of Texas Roadhouse opened today at $36.64 and are currently trading up at $36.77. TXRH has a 1-year high of $40.82 and a 1-year low of $25.53. The stock’s 50-day moving average is $38.34 and its 200-day moving average is $36.38.
On the ratings front, Texas Roadhouse has been the subject of a number of recent research reports. In a report issued on August 4, Oppenheimer analyst Brian Bittner reiterated a Hold rating on TXRH. Separately, on May 5, Jefferies Co.’s Andy Barish maintained a Hold rating on the stock and has a price target of $36.
According to TipRanks.com, which ranks over 7,500 financial analysts and bloggers to gauge the performance of their past recommendations, Brian Bittner and Andy Barish have a total average return of 17.5% and 8.5% respectively. Bittner has a success rate of 74.6% and is ranked #29 out of 3738 analysts, while Barish has a success rate of 58.1% and is ranked #698.
Texas Roadhouse Inc is a full-service, casual dining restaurant company. It offers steaks, ribs, fish, seafood, chicken, pork chops, pulled pork and vegetable plates, and an assortment of hamburgers, salads and sandwiches.