Texas Roadhouse Inc. (TXRH) Shares Down 1.4%
Texas Roadhouse Inc. (NASDAQ:TXRH) shares fell 1.4% during trading on Wednesday . The company traded as low as $42.57 and last traded at $42.66, with a volume of 557,031 shares trading hands. The stock had previously closed at $43.26.
A number of brokerages have recently commented on TXRH. Buckingham Research began coverage on shares of Texas Roadhouse in a research report on Thursday, June 16th. They set a “neutral” rating and a $47.00 price objective for the company. Credit Suisse Group AG reaffirmed a “hold” rating and set a $42.00 price objective on shares of Texas Roadhouse in a research report on Tuesday, August 2nd. Stifel Nicolaus lowered shares of Texas Roadhouse from a “buy” rating to a “hold” rating and cut their price objective for the company from $50.00 to $47.00 in a research report on Tuesday, July 26th. BTIG Research reaffirmed a “neutral” rating on shares of Texas Roadhouse in a research report on Tuesday, August 2nd. Finally, Jefferies Group reaffirmed an “underperform” rating and set a $37.00 price objective on shares of Texas Roadhouse in a research report on Monday, August 8th. Two research analysts have rated the stock with a sell rating, eighteen have issued a hold rating and three have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $43.78.
The company’s 50 day moving average is $44.46 and its 200-day moving average is $44.39. The company has a market cap of $3.02 billion, a price-to-earnings ratio of 26.95 and a beta of 0.57.
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Texas Roadhouse (NASDAQ:TXRH) last issued its quarterly earnings data on Monday, August 1st. The company reported $0.47 earnings per share for the quarter, topping the consensus estimate of $0.45 by $0.02. Texas Roadhouse had a net margin of 5.88% and a return on equity of 16.78%. The business earned $509 million during the quarter, compared to analysts’ expectations of $509.80 million. During the same quarter in the previous year, the company earned $0.30 EPS. The business’s revenue was up 11.9% on a year-over-year basis. Equities analysts anticipate that Texas Roadhouse Inc. will post $1.78 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 30th. Shareholders of record on Wednesday, September 14th will be paid a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 1.77%. The ex-dividend date is Monday, September 12th. Texas Roadhouse’s dividend payout ratio (DPR) is 48.10%.
In other Texas Roadhouse news, Director James R. Zarley acquired 23,800 shares of the company’s stock in a transaction on Wednesday, August 3rd. The stock was acquired at an average price of $42.23 per share, for a total transaction of $1,005,074.00. Following the purchase, the director now directly owns 104,000 shares of the company’s stock, valued at $4,391,920. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Wayne Kent Taylor sold 150,000 shares of Texas Roadhouse stock in a transaction dated Thursday, August 18th. The stock was sold at an average price of $46.03, for a total transaction of $6,904,500.00. Following the completion of the sale, the chief executive officer now owns 4,363,261 shares of the company’s stock, valued at approximately $200,840,903.83. The disclosure for this sale can be found here. 7.40% of the stock is currently owned by company insiders.
Hedge funds have recently modified their holdings of the company. Van Hulzen Asset Management LLC acquired a new stake in shares of Texas Roadhouse during the second quarter valued at $102,000. Advisor Group Inc. acquired a new stake in shares of Texas Roadhouse during the second quarter valued at $102,000. Creative Planning boosted its stake in shares of Texas Roadhouse by 31.2% in the second quarter. Creative Planning now owns 2,481 shares of the company’s stock valued at $113,000 after buying an additional 590 shares during the period. IFP Advisors Inc boosted its stake in shares of Texas Roadhouse by 24.0% in the first quarter. IFP Advisors Inc now owns 2,908 shares of the company’s stock valued at $127,000 after buying an additional 563 shares during the period. Finally, Victory Capital Management Inc. boosted its stake in shares of Texas Roadhouse by 22.4% in the second quarter. Victory Capital Management Inc. now owns 3,347 shares of the company’s stock valued at $153,000 after buying an additional 613 shares during the period. Institutional investors and hedge funds own 88.84% of the company’s stock.
About Texas Roadhouse
Texas Roadhouse, Inc is a restaurant company, which operates in the casual dining segment. The Company offers an assortment of seasoned and aged steaks hand-cut daily on the premises and cooked to order over open grills. In addition to steaks, the Company also offers its guests a selection of ribs, fish, seafood, chicken, pork chops, pulled pork and vegetable plates, and an assortment of hamburgers, salads and sandwiches.
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