Texas Roadhouse Inc. (TXRH) Rating Lowered to Hold at Stifel Nicolaus
Texas Roadhouse Inc. (NASDAQ:TXRH) was downgraded by analysts at Stifel Nicolaus from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Tuesday. They currently have a $47.00 price objective on the stock, down from their previous price objective of $50.00. Stifel Nicolaus’ price objective indicates a potential upside of 23.75% from the stock’s current price.
Several other equities research analysts have also issued reports on the company. Jefferies Group lowered Texas Roadhouse from a “hold” rating to an “underperform” rating and set a $37.00 price objective for the company. in a research note on Tuesday, July 26th. Zacks Investment Research lowered Texas Roadhouse from a “hold” rating to a “sell” rating in a research note on Tuesday, July 19th. Maxim Group lowered Texas Roadhouse from a “buy” rating to a “hold” rating and set a $48.00 price target for the company. in a research note on Monday, July 18th. Buckingham Research began coverage on Texas Roadhouse in a research note on Thursday, June 16th. They set a “neutral” rating and a $47.00 price target for the company. Finally, Robert W. Baird reaffirmed a “hold” rating on shares of Texas Roadhouse in a research note on Monday, May 16th. Three equities research analysts have rated the stock with a sell rating, seventeen have given a hold rating and three have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $43.78.
Shares of Texas Roadhouse (NASDAQ:TXRH) traded down 0.50% during midday trading on Tuesday, hitting $37.98. The company had a trading volume of 950,019 shares. The company has a market capitalization of $2.68 billion, a P/E ratio of 23.89 and a beta of 0.54. The firm’s 50 day moving average is $42.62 and its 200 day moving average is $44.16. Texas Roadhouse has a 52 week low of $33.06 and a 52 week high of $49.00.
This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at http://www.americanbankingnews.com/2016/10/09/texas-roadhouse-inc-txrh-rating-lowered-to-hold-at-stifel-nicolaus.html
Texas Roadhouse (NASDAQ:TXRH) last posted its quarterly earnings data on Monday, August 1st. The company reported $0.47 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.45 by $0.02. The company earned $509 million during the quarter, compared to analyst estimates of $509.80 million. Texas Roadhouse had a return on equity of 16.78% and a net margin of 5.88%. The firm’s quarterly revenue was up 11.9% on a year-over-year basis. During the same quarter last year, the company earned $0.30 earnings per share. Equities research analysts anticipate that Texas Roadhouse will post $1.78 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Friday, September 30th. Stockholders of record on Wednesday, September 14th were given a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 2.00%. The ex-dividend date of this dividend was Monday, September 12th. Texas Roadhouse’s dividend payout ratio is currently 48.10%.
In other Texas Roadhouse news, CEO Wayne Kent Taylor sold 150,000 shares of the stock in a transaction on 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 sale, the chief executive officer now directly owns 4,363,261 shares in the company, valued at approximately $200,840,903.83. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director James R. Zarley bought 23,800 shares of the business’s stock in a transaction on Wednesday, August 3rd. The shares were acquired at an average price of $42.23 per share, for a total transaction of $1,005,074.00. Following the completion of the purchase, the director now owns 104,000 shares in the company, valued at approximately $4,391,920. The disclosure for this purchase can be found here. Corporate insiders own 7.40% of the company’s stock.
A number of hedge funds have recently modified their holdings of the stock. Van Hulzen Asset Management LLC purchased a new position in Texas Roadhouse during the second quarter worth about $102,000. Advisor Group Inc. purchased a new position in Texas Roadhouse during the second quarter worth about $102,000. Creative Planning increased its position in Texas Roadhouse by 31.2% in the second quarter. Creative Planning now owns 2,481 shares of the company’s stock worth $113,000 after buying an additional 590 shares during the period. IFP Advisors Inc increased its position in Texas Roadhouse by 24.0% in the first quarter. IFP Advisors Inc now owns 2,908 shares of the company’s stock worth $127,000 after buying an additional 563 shares during the period. Finally, Victory Capital Management Inc. increased its position in Texas Roadhouse by 22.4% in the second quarter. Victory Capital Management Inc. now owns 3,347 shares of the company’s stock worth $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.
Receive News & Ratings for Texas Roadhouse Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Texas Roadhouse Inc. and related companies with MarketBeat.com's FREE daily email newsletter.