Texas Roadhouse, Inc. (NASDAQ:TXRH) was downgraded by equities researchers at BidaskClub from a “strong-buy” rating to a “buy” rating in a research note issued on Saturday.
Other analysts have also issued research reports about the company. Zacks Investment Research raised Texas Roadhouse from a “sell” rating to a “hold” rating in a report on Thursday, May 4th. Barclays PLC boosted their price target on Texas Roadhouse from $47.00 to $53.00 and gave the company an “overweight” rating in a research note on Tuesday, May 2nd. Canaccord Genuity boosted their price target on Texas Roadhouse from $42.00 to $49.00 and gave the company a “hold” rating in a research note on Wednesday, May 3rd. Goldman Sachs Group, Inc. (The) boosted their price target on Texas Roadhouse from $41.00 to $44.00 and gave the company a “neutral” rating in a research note on Tuesday, May 2nd. Finally, Wells Fargo & Company reaffirmed a “market perform” rating and issued a $47.00 price target (up previously from $44.00) on shares of Texas Roadhouse in a research note on Tuesday, May 2nd. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and seven have given a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $48.47.
Shares of Texas Roadhouse (TXRH) traded down 0.20% during trading on Friday, reaching $49.32. The company had a trading volume of 787,586 shares. The stock has a 50 day moving average price of $49.36 and a 200 day moving average price of $46.75. The firm has a market capitalization of $3.50 billion, a PE ratio of 30.61 and a beta of 0.55. Texas Roadhouse has a 12 month low of $37.23 and a 12 month high of $51.85.
Texas Roadhouse (NASDAQ:TXRH) last announced its quarterly earnings data on Monday, May 1st. The restaurant operator reported $0.61 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.58 by $0.03. Texas Roadhouse had a return on equity of 16.42% and a net margin of 5.60%. The company had revenue of $567.70 million for the quarter, compared to analyst estimates of $560.74 million. During the same quarter last year, the firm earned $0.50 EPS. Texas Roadhouse’s revenue for the quarter was up 10.1% compared to the same quarter last year. On average, equities research analysts forecast that Texas Roadhouse will post $1.92 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 30th. Shareholders of record on Wednesday, June 14th will be paid a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 1.70%. The ex-dividend date of this dividend is Monday, June 12th. Texas Roadhouse’s dividend payout ratio is currently 52.50%.
In other Texas Roadhouse news, General Counsel Celia Catlett sold 5,000 shares of the business’s stock in a transaction on Tuesday, May 2nd. The stock was sold at an average price of $50.80, for a total value of $254,000.00. Following the transaction, the general counsel now owns 11,837 shares of the company’s stock, valued at $601,319.60. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider S. Chris Jacobsen sold 3,500 shares of the business’s stock in a transaction on Wednesday, May 3rd. The stock was sold at an average price of $51.29, for a total value of $179,515.00. Following the completion of the transaction, the insider now directly owns 17,684 shares in the company, valued at approximately $907,012.36. The disclosure for this sale can be found here. In the last three months, insiders sold 30,337 shares of company stock worth $1,482,533. Insiders own 7.40% of the company’s stock.
Institutional investors have recently bought and sold shares of the company. Northwestern Mutual Investment Management Company LLC increased its stake in Texas Roadhouse by 0.3% in the first quarter. Northwestern Mutual Investment Management Company LLC now owns 11,092 shares of the restaurant operator’s stock worth $494,000 after buying an additional 32 shares during the last quarter. PNC Financial Services Group Inc. increased its stake in Texas Roadhouse by 0.3% in the first quarter. PNC Financial Services Group Inc. now owns 27,680 shares of the restaurant operator’s stock worth $1,232,000 after buying an additional 78 shares during the last quarter. Genesee Valley Trust Co. increased its stake in Texas Roadhouse by 1.6% in the first quarter. Genesee Valley Trust Co. now owns 7,457 shares of the restaurant operator’s stock worth $332,000 after buying an additional 121 shares during the last quarter. Public Employees Retirement System of Ohio increased its stake in Texas Roadhouse by 4.3% in the first quarter. Public Employees Retirement System of Ohio now owns 3,393 shares of the restaurant operator’s stock worth $151,000 after buying an additional 141 shares during the last quarter. Finally, Profund Advisors LLC increased its stake in Texas Roadhouse by 1.5% in the first quarter. Profund Advisors LLC now owns 11,734 shares of the restaurant operator’s stock worth $523,000 after buying an additional 171 shares during the last quarter. 88.80% of the stock is currently owned by institutional investors.
About Texas Roadhouse
Texas Roadhouse, Inc is a restaurant company, which operates in the casual dining segment. The Company offers an assortment of seasoned and aged steaks, all cooked over open grills and all but one hand cut daily on the premises. Its restaurants offer a range of menu items at prices that are designed to appeal to a range of consumer tastes.
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