Texas Roadhouse Receives Consensus Recommendation of “Buy” from Brokerages (NASDAQ:TXRH)
Shares of Texas Roadhouse (NASDAQ:TXRH) have received a consensus recommendation of “Buy” from the sixteen analysts that are currently covering the stock, Analyst Ratings Network.com reports. Five equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $26.50.
TXRH has been the subject of a number of recent research reports. Analysts at RBC Capital initiated coverage on shares of Texas Roadhouse in a research note on Tuesday, May 27th. They set an “outperform” rating and a $6.00 price target on the stock. Separately, analysts at Wunderlich cut their price target on shares of Texas Roadhouse from $30.00 to $28.00 in a research note on Tuesday, May 6th. They now have a “hold” rating on the stock.
Texas Roadhouse (NASDAQ:TXRH) opened at 25.73 on Tuesday. Texas Roadhouse has a 52-week low of $22.87 and a 52-week high of $29.07. The stock has a 50-day moving average of $25.06 and a 200-day moving average of $25.84. The company has a market cap of $1.794 billion and a P/E ratio of 22.75.
Texas Roadhouse (NASDAQ:TXRH) last posted its quarterly earnings results on Monday, May 5th. The company reported $0.37 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.39 by $0.02. The company had revenue of $397.10 million for the quarter, compared to the consensus estimate of $394.07 million. During the same quarter in the previous year, the company posted $0.37 earnings per share. The company’s revenue for the quarter was up 10.4% on a year-over-year basis. On average, analysts predict that Texas Roadhouse will post $1.26 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Thursday, July 3rd. Shareholders of record on Wednesday, June 18th will be paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 2.33%. The ex-dividend date is Monday, June 16th.
Texas Roadhouse, Inc (NASDAQ:TXRH) is a full-service restaurant chain.
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