Texas Roadhouse’s (NASDAQ:TXRH) stock observed trading -31.66% off 52-week high price. On the other end, the stock has been noted 3.32% away from low price over the last 52-weeks. The stock disclosed a move of -4.75% away from 50 day moving average and -13.25% away from 200 day moving average. Moving closer, we can see that shares have been trading -5.49% off 20-day moving average. It has market cap of $3574.72M and dividend yield of 2.33%.
On Aug. 16, 2019, Texas Roadhouse’s (NASDAQ:TXRH) Board of Directors authorized the payment of a cash dividend of $0.30 per share of common stock. This payment will be distributed on September 27, 2019, to shareholders of record at the close of business on September 11, 2019.
About the Company
Texas Roadhouse is a casual dining concept that first opened in 1993 and has grown to over 590 restaurants system-wide in 49 states and ten foreign countries. For more information, please visit the Company’s Web site at www.texasroadhouse.com.
Certain statements in this release that are not historical facts, including, without limitation, those relating to our anticipated financial performance, are forward-looking statements that involve risks and uncertainties. Such statements are based upon the current beliefs and expectations of the management of Texas Roadhouse. Actual results may vary materially from those contained in forward-looking statements based on a number of factors including, without limitation, the actual number of restaurants opening; the sales at these and our other company and franchise restaurants; changes in restaurant development or operating costs, such as food and labor; our ability to acquire franchise restaurants; our ability to integrate the franchise restaurants we acquire or other concepts we develop; our ability to continue to generate the necessary cash flows to fund our new restaurant growth, continue our share repurchase program and pay a quarterly cash dividend; strength of consumer spending; pending or future legal claims; breaches of security; conditions beyond our control such as weather, natural disasters, disease outbreaks, epidemics or pandemics impacting our customers or food supplies; food safety and food-borne illness concerns; acts of war or terrorism and other factors disclosed from time to time in our filings with the U.S. Securities and Exchange Commission. Investors should take such risks into account when making investment decisions. Shareholders and other readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date on which they are made. We undertake no obligation to update any forward-looking statements.
The USA based company Texas Roadhouse moved with change of 2.68% to $51.42 with the total traded volume of 854019 shares in recent session versus to an average volume of 978.78K. The stock was observed in the 5 days activity at -5.56%. The one month performance of stock was -5.46%. TXRH’s shares are at -5.93% for the quarter and driving a -21.47% return over the course of the past year and is now at -13.87% since this point in 2018. Right now the stock beta is 0.59. The average volatility for the week and month was at 3.32% and 2.77% respectively. There are 69.52M shares outstanding and 65.26M shares are floated in market.
William Wall is a self-taught investor and follows the value investing approach to picking stocks. He possesses over 10 years of investment experience, an M.B.A. from Louisiana State University, and is also certified in Risk Management Assurance. William is a Certified Internal Auditor, Data Miner, and author with a career broadly spanning over multiple business areas. He has exploited those observations and developed investment tactics within a fundamentally sound long-term investment strategy. He currently covers Earnings News category for our site.
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