DRI - 3 Reasons Why Investors Should Beef Up Their Portfolio With This Steak Restaurant
Investors who feel hungry after spending time and energy building up their portfolios should head to Texas Roadhouse (NASDAQ: TXRH) for a hearty meal. The restaurant chain just reported strong earnings to close out 2019 with revenue up 12.2% during the year and net income up 10.3%.
The restaurant's strong track record is the reason it remains one of my top restaurant stocks. The company opened 22 new restaurants last year, including three Bubba's 33 locations and nine international franchises. Management has also raised the quarterly dividend to $0.36 per share for 2020, up 20% from the previous year's $0.30 payout. This represents the seventh consecutive double-digit increase in the quarterly dividend for the company and demonstrates the company's confidence in its future business prospects.
Here are three reasons investors should include this company in their portfolio.