Texas Roadhouse Inc. (NASDAQ:TXRH) Given Consensus Recommendation of “Hold” by Brokerages
Shares of Texas Roadhouse Inc. (NASDAQ:TXRH) have received an average rating of “Hold” from the twenty-four analysts that are currently covering the firm. Three research analysts have rated the stock with a sell rating, seventeen have given a hold rating and three have issued a buy rating on the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $44.86.
A number of research analysts have commented on TXRH shares. Buckingham Research started coverage on shares of Texas Roadhouse in a research report on Thursday, June 16th. They set a “neutral” rating and a $47.00 target price on the stock. Zacks Investment Research downgraded shares of Texas Roadhouse from a “buy” rating to a “hold” rating in a research report on Saturday, July 9th. Maxim Group downgraded shares of Texas Roadhouse from a “buy” rating to a “hold” rating and set a $48.00 target price on the stock. in a research report on Monday, July 18th. Jefferies Group downgraded shares of Texas Roadhouse from a “hold” rating to an “underperform” rating and set a $37.00 target price on the stock. in a research report on Tuesday, July 26th. Finally, Stifel Nicolaus downgraded shares of Texas Roadhouse from a “buy” rating to a “hold” rating and cut their target price for the company from $50.00 to $47.00 in a research report on Tuesday, July 26th.
Shares of Texas Roadhouse (NASDAQ:TXRH) traded up 0.39% during mid-day trading on Monday, reaching $38.13. 514,934 shares of the company’s stock were exchanged. The company has a market capitalization of $2.69 billion, a PE ratio of 23.98 and a beta of 0.54. The company’s 50-day moving average price is $42.62 and its 200-day moving average price is $44.16. Texas Roadhouse has a one year low of $33.06 and a one year high of $49.00.
Texas Roadhouse (NASDAQ:TXRH) last posted its earnings results on Monday, August 1st. The company reported $0.47 EPS for the quarter, beating analysts’ consensus estimates of $0.45 by $0.02. The business had revenue of $509 million for the quarter, compared to the consensus estimate of $509.80 million. Texas Roadhouse had a net margin of 5.88% and a return on equity of 16.78%. The company’s revenue for the quarter was up 11.9% on a year-over-year basis. During the same quarter last year, the firm posted $0.30 EPS. On average, equities analysts expect that Texas Roadhouse will post $1.78 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Friday, September 30th. Stockholders of record on Wednesday, September 14th were issued a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 2.00%. The ex-dividend date was Monday, September 12th. Texas Roadhouse’s dividend payout ratio (DPR) is 48.10%.
In other news, CEO Wayne Kent Taylor sold 150,000 shares of Texas Roadhouse stock in a transaction that occurred on Thursday, August 18th. The shares were sold at an average price of $46.03, for a total transaction of $6,904,500.00. Following the completion of the transaction, the chief executive officer now directly owns 4,363,261 shares of the company’s stock, valued at approximately $200,840,903.83. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director James R. Zarley bought 23,800 shares of the business’s stock in a transaction dated Wednesday, August 3rd. The shares were purchased at an average cost of $42.23 per share, with a total value of $1,005,074.00. Following the completion of the acquisition, the director now owns 104,000 shares in the company, valued at $4,391,920. The disclosure for this purchase can be found here. Insiders own 7.40% of the company’s stock.
Institutional investors have recently bought and sold shares of the stock. Boston Advisors LLC purchased a new position in Texas Roadhouse during the second quarter valued at $10,006,000. Aperio Group LLC raised its position in Texas Roadhouse by 17.0% in the first quarter. Aperio Group LLC now owns 27,624 shares of the company’s stock valued at $1,204,000 after buying an additional 4,007 shares during the period. Tower Research Capital LLC TRC purchased a new position in Texas Roadhouse during the second quarter valued at $489,000. BlackRock Inc. raised its position in Texas Roadhouse by 126.1% in the first quarter. BlackRock Inc. now owns 4,781 shares of the company’s stock valued at $208,000 after buying an additional 2,666 shares during the period. Finally, JPMorgan Chase & Co. raised its position in Texas Roadhouse by 482.9% in the first quarter. JPMorgan Chase & Co. now owns 280,240 shares of the company’s stock valued at $12,212,000 after buying an additional 232,165 shares during the period. 88.84% of the stock is owned by hedge funds and other 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 hand-cut daily on the premises and cooked to order over open grills. In addition to steaks, the Company also offers its guests a selection of ribs, fish, seafood, chicken, pork chops, pulled pork and vegetable plates, and an assortment of hamburgers, salads and sandwiches.
Receive News & Stock Ratings for Texas Roadhouse Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Texas Roadhouse Inc. and related stocks with our FREE daily email newsletter.