Texas Roadhouse Inc (NASDAQ:TXRH) has received an average rating of “Hold” from the twenty-two brokerages that are currently covering the firm, MarketBeat.com reports. Three equities research analysts have rated the stock with a sell recommendation, eight have issued a hold recommendation and eleven have assigned a buy recommendation to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $64.02.
Several research analysts have commented on TXRH shares. Zacks Investment Research downgraded shares of Texas Roadhouse from a “buy” rating to a “hold” rating in a report on Wednesday, July 18th. BidaskClub raised shares of Texas Roadhouse from a “buy” rating to a “strong-buy” rating in a report on Friday, June 8th. Barclays cut their price target on shares of Texas Roadhouse from $72.00 to $66.00 and set an “overweight” rating for the company in a report on Tuesday, July 31st. Wedbush reissued a “buy” rating and issued a $69.00 price target on shares of Texas Roadhouse in a report on Wednesday, May 30th. Finally, Maxim Group reissued a “hold” rating and issued a $67.00 price target on shares of Texas Roadhouse in a report on Wednesday, May 9th.
NASDAQ:TXRH traded down $0.68 during trading hours on Friday, hitting $69.86. The stock had a trading volume of 5,677 shares, compared to its average volume of 492,939. Texas Roadhouse has a one year low of $44.29 and a one year high of $70.86. The company has a market cap of $4.93 billion, a price-to-earnings ratio of 35.61, a PEG ratio of 2.49 and a beta of 0.63.
Texas Roadhouse (NASDAQ:TXRH) last announced its quarterly earnings results on Monday, July 30th. The restaurant operator reported $0.62 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.67 by ($0.05). Texas Roadhouse had a net margin of 6.76% and a return on equity of 18.15%. The firm had revenue of $629.24 million during the quarter, compared to the consensus estimate of $634.52 million. During the same period in the previous year, the business earned $0.53 earnings per share. The firm’s revenue for the quarter was up 11.1% on a year-over-year basis. sell-side analysts forecast that Texas Roadhouse will post 2.34 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 28th. Stockholders of record on Wednesday, September 12th will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.43%. The ex-dividend date is Tuesday, September 11th. Texas Roadhouse’s dividend payout ratio is currently 50.76%.
In other news, CFO Tonya Robinson sold 1,023 shares of Texas Roadhouse stock in a transaction on Wednesday, August 22nd. The shares were sold at an average price of $67.17, for a total transaction of $68,714.91. Following the completion of the sale, the chief financial officer now directly owns 2 shares of the company’s stock, valued at approximately $134.34. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 5.89% of the company’s stock.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Bruderman Asset Management LLC bought a new stake in shares of Texas Roadhouse during the 2nd quarter worth $123,000. Zeke Capital Advisors LLC purchased a new position in Texas Roadhouse in the 2nd quarter worth $209,000. World Asset Management Inc purchased a new position in Texas Roadhouse in the 2nd quarter worth $211,000. Eagle Boston Investment Management Inc. purchased a new position in Texas Roadhouse in the 1st quarter worth $206,000. Finally, TD Asset Management Inc. purchased a new position in Texas Roadhouse in the 2nd quarter worth $282,000. 91.44% of the stock is owned by institutional investors.
Texas Roadhouse Company Profile
Texas Roadhouse, Inc, together with its subsidiaries, operates casual dining restaurants in the United States and internationally. The company operates and franchises Texas Roadhouse and Bubba's 33 restaurants. As of February 20, 2018, it owned and operated approximately 550 restaurants. Texas Roadhouse, Inc was founded in 1993 and is based in Louisville, Kentucky.
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