Texas Roadhouse’s (TXRH) Buy Rating Reaffirmed at Robert W. Baird
Robert W. Baird reissued their buy rating on shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) in a research note published on Tuesday. The brokerage currently has a $56.00 target price on the restaurant operator’s stock.
A number of other research firms have also recently commented on TXRH. BidaskClub upgraded Texas Roadhouse from a buy rating to a strong-buy rating in a research report on Saturday, June 10th. Longbow Research reiterated a buy rating and set a $56.00 price objective on shares of Texas Roadhouse in a research report on Monday, July 3rd. Jefferies Group LLC reiterated a sell rating and set a $40.00 price objective on shares of Texas Roadhouse in a research report on Friday, June 2nd. Deutsche Bank AG reiterated a hold rating and set a $53.00 price objective (up previously from $49.00) on shares of Texas Roadhouse in a research report on Monday, July 10th. Finally, Zacks Investment Research cut Texas Roadhouse from a buy rating to a hold rating in a research report on Tuesday, July 25th. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating and seven have assigned a buy rating to the company. The company has an average rating of Hold and an average target price of $50.56.
Shares of Texas Roadhouse (NASDAQ:TXRH) opened at 47.90 on Tuesday. The stock has a market cap of $3.40 billion, a price-to-earnings ratio of 28.84 and a beta of 0.56. The company has a 50 day moving average of $48.00 and a 200-day moving average of $47.67. Texas Roadhouse has a one year low of $37.23 and a one year high of $51.91.
Texas Roadhouse (NASDAQ:TXRH) last posted its quarterly earnings data on Monday, July 31st. The restaurant operator reported $0.53 EPS for the quarter, hitting analysts’ consensus estimates of $0.53. The firm had revenue of $566.30 million during the quarter, compared to analysts’ expectations of $563.23 million. Texas Roadhouse had a return on equity of 16.49% and a net margin of 5.63%. The firm’s quarterly revenue was up 11.3% compared to the same quarter last year. During the same quarter last year, the business posted $0.47 EPS. On average, analysts anticipate that Texas Roadhouse will post $1.93 earnings per share for the current year.
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The company also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Wednesday, September 13th will be issued a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.75%. The ex-dividend date is Tuesday, September 12th. Texas Roadhouse’s payout ratio is currently 50.60%.
In other news, insider S. Chris Jacobsen sold 2,500 shares of the business’s stock in a transaction dated Friday, August 11th. The stock was sold at an average price of $49.25, for a total transaction of $123,125.00. Following the completion of the sale, the insider now owns 15,184 shares in the company, valued at approximately $747,812. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 6.60% of the stock is currently owned by insiders.
Large investors have recently modified their holdings of the company. YorkBridge Wealth Partners LLC grew its holdings in shares of Texas Roadhouse by 4.2% during the 2nd quarter. YorkBridge Wealth Partners LLC now owns 2,159 shares of the restaurant operator’s stock worth $110,000 after purchasing an additional 87 shares during the period. Creative Planning grew its holdings in shares of Texas Roadhouse by 11.2% during the 2nd quarter. Creative Planning now owns 2,223 shares of the restaurant operator’s stock worth $113,000 after purchasing an additional 224 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Texas Roadhouse by 11.0% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,612 shares of the restaurant operator’s stock worth $133,000 after purchasing an additional 258 shares during the period. Advisor Group Inc. grew its holdings in shares of Texas Roadhouse by 26.8% during the 2nd quarter. Advisor Group Inc. now owns 2,808 shares of the restaurant operator’s stock worth $143,000 after purchasing an additional 593 shares during the period. Finally, Public Employees Retirement System of Ohio grew its holdings in shares of Texas Roadhouse by 4.3% during the 1st quarter. Public Employees Retirement System of Ohio now owns 3,393 shares of the restaurant operator’s stock worth $151,000 after purchasing an additional 141 shares during the period. Institutional investors and hedge funds own 85.98% 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, 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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