Analysts Set Texas Roadhouse Inc. (TXRH) Price Target at $44.92
Shares of Texas Roadhouse Inc. (NASDAQ:TXRH) have been assigned a consensus recommendation of “Hold” from the twenty-three ratings firms that are covering the company. Two research analysts have rated the stock with a sell rating, seventeen have given a hold rating and four have issued a buy rating on the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $44.92.
TXRH has been the topic of several research reports. KeyCorp reaffirmed a “buy” rating and set a $50.00 price target on shares of Texas Roadhouse in a report on Tuesday, August 16th. Jefferies Group lowered shares of Texas Roadhouse from a “hold” rating to an “underperform” rating and set a $37.00 price target on the stock. in a report on Tuesday, July 26th. Zacks Investment Research raised shares of Texas Roadhouse from a “sell” rating to a “hold” rating in a report on Saturday, July 30th. Maxim Group raised shares of Texas Roadhouse from a “hold” rating to a “buy” rating and set a $48.00 price target on the stock in a report on Tuesday, October 18th. Finally, Stifel Nicolaus lowered shares of Texas Roadhouse from a “buy” rating to a “hold” rating and decreased their price target for the company from $50.00 to $47.00 in a report on Tuesday, July 26th.
Shares of Texas Roadhouse (NASDAQ:TXRH) opened at 45.97 on Monday. The firm has a market capitalization of $3.24 billion, a price-to-earnings ratio of 27.69 and a beta of 0.50. Texas Roadhouse has a 12-month low of $33.80 and a 12-month high of $48.99. The firm has a 50-day moving average of $39.99 and a 200 day moving average of $43.67.
Texas Roadhouse (NASDAQ:TXRH) last announced its quarterly earnings results on Tuesday, November 1st. The company reported $0.36 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.37 by $0.01. The company had revenue of $481.64 million for the quarter, compared to the consensus estimate of $483.97 million. Texas Roadhouse had a net margin of 6.01% and a return on equity of 17.05%. The company’s revenue for the quarter was down 58.5% compared to the same quarter last year. During the same period last year, the firm posted $0.29 earnings per share. On average, equities research analysts expect that Texas Roadhouse will post $1.77 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 30th. Shareholders of record on Wednesday, December 14th will be issued a dividend of $0.19 per share. The ex-dividend date of this dividend is Monday, December 12th. This represents a $0.76 annualized dividend and a yield of 1.65%. Texas Roadhouse’s payout ratio is 46.06%.
In other Texas Roadhouse news, CEO Wayne Kent Taylor sold 100,000 shares of the company’s stock in a transaction on Thursday, November 10th. The shares were sold at an average price of $44.55, for a total transaction of $4,455,000.00. Following the transaction, the chief executive officer now owns 4,127,152 shares in the company, valued at $183,864,621.60. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider S. Chris Jacobsen sold 5,996 shares of the company’s stock in a transaction on Wednesday, November 9th. The stock was sold at an average price of $42.00, for a total transaction of $251,832.00. Following the transaction, the insider now owns 13,476 shares in the company, valued at approximately $565,992. The disclosure for this sale can be found here. Company insiders own 7.40% of the company’s stock.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in TXRH. Van Hulzen Asset Management LLC acquired a new position in Texas Roadhouse during the second quarter valued at $102,000. Advisor Group Inc. purchased a new stake in shares of Texas Roadhouse during the second quarter valued at approximately $102,000. Creative Planning increased its stake in shares of Texas Roadhouse by 31.2% in the second quarter. Creative Planning now owns 2,481 shares of the company’s stock valued at $113,000 after buying an additional 590 shares in the last quarter. GAM Holding AG purchased a new stake in shares of Texas Roadhouse during the third quarter valued at approximately $137,000. Finally, IFP Advisors Inc increased its stake in shares of Texas Roadhouse by 9.3% in the second quarter. IFP Advisors Inc now owns 3,179 shares of the company’s stock valued at $145,000 after buying an additional 271 shares in the last quarter. Hedge funds and other institutional investors own 87.09% of the company’s stock.
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.
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