Texas Roadhouse Inc Reaches New 12-Month High at $25.99 (TXRH)
Texas Roadhouse (NASDAQ:TXRH)’s share price reached a new 52-week high on Monday, American Banking News reports. The company traded as high as $25.99 and last traded at $25.78, with a volume of 365,447 shares traded. The stock had previously closed at $25.59.
A number of research firms have recently commented on TXRH. Analysts at Credit Suisse raised their price target on shares of Texas Roadhouse (NASDAQ:TXRH) from $22.00 to $23.00 in a research note to investors on Wednesday, July 31st. Separately, analysts at Wunderlich initiated coverage on shares of Texas Roadhouse (NASDAQ:TXRH) in a research note to investors on Tuesday, July 23rd. They set a “hold” rating and a $27.00 price target on the stock. Finally, analysts at Raymond James raised their price target on shares of Texas Roadhouse (NASDAQ:TXRH) from $25.00 to $27.50 in a research note to investors on Friday, July 19th.
Eight investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $24.88.
Texas Roadhouse has a 52-week low of $15.72 and a 52-week high of $25.99. The stock has a 50-day moving average of $25.00 and a 200-day moving average of $23.11. The company has a market cap of $1.801 billion and a price-to-earnings ratio of 23.28.
Texas Roadhouse (NASDAQ:TXRH) last issued its quarterly earnings data on Monday, July 29th. The company reported $0.28 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.29 by $0.01. The company had revenue of $352.10 million for the quarter, compared to the consensus estimate of $354.48 million. During the same quarter in the previous year, the company posted $0.28 earnings per share. The company’s revenue for the quarter was up 9.9% on a year-over-year basis. Analysts expect that Texas Roadhouse will post $1.15 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, September 27th. Shareholders of record on Wednesday, September 11th will be given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 1.87%. The ex-dividend date of this dividend is Monday, September 9th.
Texas Roadhouse, Inc (NASDAQ:TXRH) is a full-service restaurant chain.
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