Texas Roadhouse Shares Gap Up After Dividend Announcement (TXRH)
Texas Roadhouse (NASDAQ:TXRH) shares gapped up prior to trading on Monday after the company announced a dividend, Analyst Ratings.Net reports. The stock had previously closed at $25.84, but opened at $26.08. Texas Roadhouse shares last traded at $26.53, with a volume of 639,590 shares.
The newly announced dividend is scheduled for Friday, October 3rd. Stockholders of record on Wednesday, September 17th will be paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.30%.
A number of analysts have recently weighed in on TXRH shares. Analysts at Stephens upgraded shares of Texas Roadhouse from an “equal weight” rating to an “overweight” rating in a research note on Monday. Separately, 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. Finally, 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 equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $26.73.
The stock’s 50-day moving average is $25.3 and its 200-day moving average is $25.46. The company has a market cap of $1.848 billion and a P/E ratio of 22.10.
Texas Roadhouse (NASDAQ:TXRH) last announced its earnings results on Monday, August 4th. The company reported $0.33 EPS for the quarter, meeting the Thomson Reuters 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 in the prior year, the company posted $0.28 earnings per share. The company’s quarterly revenue was up 12.3% on a year-over-year basis. Analysts expect that Texas Roadhouse will post $1.26 EPS for the current fiscal year.
Texas Roadhouse, Inc (NASDAQ:TXRH) is a full-service restaurant chain.
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