Robert W. Baird reissued their buy rating on shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) in a report released on Friday. The firm currently has a $56.00 price objective on the restaurant operator’s stock.
A number of other research firms have also recently issued reports on TXRH. BidaskClub upgraded shares of Texas Roadhouse from a hold rating to a buy rating in a research report on Thursday, June 29th. Longbow Research restated a buy rating and issued a $56.00 price objective on shares of Texas Roadhouse in a research report on Monday, July 3rd. Barclays PLC decreased their price objective on shares of Texas Roadhouse from $56.00 to $55.00 and set an overweight rating on the stock in a research report on Wednesday, October 18th. Deutsche Bank AG restated a hold rating and issued 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 shares of Texas Roadhouse from a buy rating to a hold rating in a research report on Tuesday, July 25th. Three equities research analysts have rated the stock with a sell rating, ten have given a hold rating and eight have given a buy rating to the company. The company presently has a consensus rating of Hold and an average price target of $50.84.
Shares of Texas Roadhouse (NASDAQ:TXRH) opened at 50.36 on Friday. Texas Roadhouse has a 12-month low of $38.54 and a 12-month high of $52.02. The firm has a market capitalization of $3.58 billion, a P/E ratio of 30.32 and a beta of 0.57. The company has a 50-day moving average price of $48.71 and a 200-day moving average price of $48.68.
Texas Roadhouse (NASDAQ:TXRH) last released its quarterly earnings data on Monday, July 31st. The restaurant operator reported $0.53 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.53. Texas Roadhouse had a net margin of 5.63% and a return on equity of 16.49%. The firm had revenue of $566.30 million for the quarter, compared to analysts’ expectations of $563.23 million. During the same quarter in the previous year, the company earned $0.47 earnings per share. The company’s revenue for the quarter was up 11.3% compared to the same quarter last year. Equities analysts predict that Texas Roadhouse will post $1.93 EPS for the current year.
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The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 29th. Investors of record on Wednesday, September 13th were paid a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 1.67%. The ex-dividend date was Tuesday, September 12th. Texas Roadhouse’s payout ratio is currently 50.60%.
In related news, insider S. Chris Jacobsen sold 2,500 shares of the business’s stock in a transaction dated Friday, August 11th. The shares were sold at an average price of $49.25, for a total transaction of $123,125.00. Following the sale, the insider now owns 15,184 shares of the company’s stock, valued at $747,812. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Kathy Widmer sold 2,000 shares of the business’s stock in a transaction dated Thursday, September 21st. The stock was sold at an average price of $47.95, for a total transaction of $95,900.00. Following the sale, the director now directly owns 11,750 shares in the company, valued at approximately $563,412.50. The disclosure for this sale can be found here. Insiders own 7.40% of the company’s stock.
Large investors have recently bought and sold shares of the stock. Strs Ohio boosted its stake in Texas Roadhouse by 13.0% during the second quarter. Strs Ohio now owns 7,800 shares of the restaurant operator’s stock worth $397,000 after acquiring an additional 900 shares in the last quarter. Eaton Vance Management boosted its stake in Texas Roadhouse by 122.1% during the second quarter. Eaton Vance Management now owns 378,905 shares of the restaurant operator’s stock worth $19,305,000 after acquiring an additional 208,290 shares in the last quarter. AHL Partners LLP boosted its stake in Texas Roadhouse by 87.9% during the second quarter. AHL Partners LLP now owns 126,695 shares of the restaurant operator’s stock worth $6,455,000 after acquiring an additional 59,260 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in Texas Roadhouse by 4.6% during the second quarter. Bank of New York Mellon Corp now owns 1,106,082 shares of the restaurant operator’s stock worth $56,356,000 after acquiring an additional 48,454 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in Texas Roadhouse by 1.5% during the second quarter. Dimensional Fund Advisors LP now owns 1,651,685 shares of the restaurant operator’s stock worth $84,154,000 after acquiring an additional 24,577 shares in the last quarter. 85.97% of the stock is currently owned by institutional investors and hedge funds.
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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