Texas Roadhouse (TXRH) Hits New 1-Year High and Low on Analyst Upgrade

Shares of Texas Roadhouse Inc (NASDAQ:TXRH) reached a new 52-week high and low on Monday after Morgan Stanley raised their price target on the stock from $55.00 to $58.00. Morgan Stanley currently has an equal weight rating on the stock. Texas Roadhouse traded as low as $62.69 and last traded at $62.41, with a volume of 255990 shares changing hands. The stock had previously closed at $61.16.

Several other analysts also recently weighed in on the stock. Zacks Investment Research downgraded shares of Texas Roadhouse from a “hold” rating to a “sell” rating in a report on Saturday, January 6th. Jefferies Group upgraded shares of Texas Roadhouse from an “underperform” rating to a “hold” rating and lifted their target price for the company from $41.00 to $50.00 in a report on Saturday, December 30th. Telsey Advisory Group lifted their target price on shares of Texas Roadhouse from $54.00 to $58.00 and gave the company a “market perform” rating in a report on Thursday, December 21st. Wells Fargo reiterated a “market perform” rating and issued a $52.00 target price (up previously from $47.00) on shares of Texas Roadhouse in a report on Tuesday, February 13th. Finally, BTIG Research lifted their target price on shares of Texas Roadhouse to $67.00 and gave the company a “reduce” rating in a report on Tuesday, January 16th. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and twelve have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $58.81.

In other Texas Roadhouse news, Director Kathy Widmer sold 8,000 shares of the business’s stock in a transaction on Monday, March 26th. The shares were sold at an average price of $56.51, for a total value of $452,080.00. Following the completion of the transaction, the director now owns 10,950 shares in the company, valued at $618,784.50. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider S. Chris Jacobsen sold 1,500 shares of the business’s stock in a transaction on Monday, January 29th. The stock was sold at an average price of $60.00, for a total transaction of $90,000.00. Following the completion of the transaction, the insider now owns 16,899 shares of the company’s stock, valued at approximately $1,013,940. The disclosure for this sale can be found here. In the last 90 days, insiders sold 32,178 shares of company stock valued at $1,852,664. Insiders own 5.89% of the company’s stock.

Hedge funds have recently modified their holdings of the stock. Cerebellum GP LLC acquired a new position in shares of Texas Roadhouse during the fourth quarter worth $122,000. Cubist Systematic Strategies LLC acquired a new position in shares of Texas Roadhouse during the third quarter worth $193,000. Claraphi Advisory Network LLC acquired a new position in shares of Texas Roadhouse during the fourth quarter worth $202,000. MML Investors Services LLC acquired a new position in shares of Texas Roadhouse during the fourth quarter worth $206,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Texas Roadhouse by 50.1% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,920 shares of the restaurant operator’s stock worth $207,000 after purchasing an additional 1,308 shares in the last quarter. Hedge funds and other institutional investors own 87.64% of the company’s stock.

The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.73 and a current ratio of 0.78. The company has a market capitalization of $4,367.59, a P/E ratio of 31.36, a price-to-earnings-growth ratio of 2.05 and a beta of 0.59.

Texas Roadhouse (NASDAQ:TXRH) last issued its earnings results on Tuesday, February 20th. The restaurant operator reported $0.40 EPS for the quarter, topping analysts’ consensus estimates of $0.37 by $0.03. The firm had revenue of $545.10 million during the quarter, compared to the consensus estimate of $545.24 million. Texas Roadhouse had a net margin of 5.93% and a return on equity of 17.20%. The company’s revenue was up 12.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.29 earnings per share. research analysts expect that Texas Roadhouse Inc will post 2.35 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Thursday, March 29th. Investors of record on Wednesday, March 14th were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Tuesday, March 13th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.60%. This is an increase from Texas Roadhouse’s previous quarterly dividend of $0.21. Texas Roadhouse’s payout ratio is presently 50.76%.

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Texas Roadhouse Company Profile

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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