Shares of Texas Roadhouse Inc. (NAS:TXRH) jumped 7% in the extended session Thursday after the restaurant chain reported fourth-quarter earnings above Wall Street expectations and raised its dividend. Texas Roadhouse said it earned $43 million, or 61 cents a share, in the quarter, compared with $30 million, or 42 cents a share, in the year-ago period. Sales rose 20% to $725 million, compared with $606 million a year ago. Analysts polled by FactSet had expected EPS of 53 cents on sales of $714 million. Comparable-store sales rose 4.4% at company-owned restaurants and 3.4% at U.S. franchises, Texas Roadhouse said. The company guided for "positive" same-restaurant sales growth, capital expenditures between $210 million and $220 million, and "at least" 30 new company-owned restaurants in 2020. Texas Roadhouse also said its board authorized a 20% dividend increase to 36 cents a share, from 30 cents a share, payable March 27 to shareholders of record on March 11. Shares had ended the regular trading day up 2%.
Feb. 20, 2020, 5:24 p.m. EST