Texas Roadhouse Rating Increased to Overweight at Stephens (TXRH)
Texas Roadhouse (NASDAQ:TXRH) was upgraded by investment analysts at Stephens from an “equal weight” rating to an “overweight” rating in a note issued to investors on Monday, TheFlyOnTheWall.com reports.
Several other analysts have also recently commented on the stock. Analysts at Deutsche Bank reiterated a “hold” rating on shares of Texas Roadhouse in a research note on Tuesday, August 5th. They now have a $26.00 price target on the stock, up previously from $25.00. 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. Five analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company’s stock. Texas Roadhouse has a consensus rating of “Buy” and a consensus target price of $26.73.
Shares of Texas Roadhouse (NASDAQ:TXRH) opened at 26.08 on Monday. Texas Roadhouse has a one year low of $22.87 and a one year high of $29.07. The stock has a 50-day moving average of $25.3 and a 200-day moving average of $25.46. The company has a market cap of $1.813 billion and a P/E ratio of 21.86.
Texas Roadhouse (NASDAQ:TXRH) last issued its quarterly earnings data on Monday, August 4th. The company reported $0.33 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.33. The company had revenue of $395.36 million for the quarter, compared to the consensus estimate of $394.31 million. During the same quarter last year, the company posted $0.28 earnings per share. Texas Roadhouse’s revenue was up 12.3% compared to the same quarter last year. Analysts expect that Texas Roadhouse will post $1.26 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, October 3rd. Shareholders of record on Wednesday, September 17th will be paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 2.30%.
Texas Roadhouse, Inc (NASDAQ:TXRH) is a full-service restaurant chain.
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