Texas Roadhouse Inc. (NASDAQ:TXRH) Given Consensus Recommendation of “Hold” by Brokerages
Shares of Texas Roadhouse Inc. (NASDAQ:TXRH) have been assigned a consensus recommendation of “Hold” from the twenty-four brokerages that are covering the company. 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 company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $44.86.
A number of research firms recently commented on TXRH. Canaccord Genuity began coverage on Texas Roadhouse in a research report on Monday, August 22nd. They set a “hold” rating and a $48.00 price objective for the company. Zacks Investment Research cut Texas Roadhouse from a “hold” rating to a “sell” rating in a research report on Thursday. Robert W. Baird reiterated a “neutral” rating on shares of Texas Roadhouse in a research report on Thursday, September 8th. KeyCorp reiterated a “buy” rating and set a $50.00 price objective on shares of Texas Roadhouse in a research report on Tuesday, August 16th. Finally, Jefferies Group cut Texas Roadhouse from a “hold” rating to an “underperform” rating and set a $37.00 price objective for the company. in a research report on Tuesday, July 26th.
In related news, CEO Wayne Kent Taylor sold 150,000 shares of the firm’s 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 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 this link. Also, Director James R. Zarley bought 23,800 shares of the company’s stock in a transaction that occurred on Wednesday, August 3rd. The shares were bought at an average price of $42.23 per share, for a total transaction of $1,005,074.00. Following the completion of the acquisition, 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.
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Large investors have recently made changes to their positions in the stock. Van Hulzen Asset Management LLC acquired a new stake in Texas Roadhouse during the second quarter valued at about $102,000. Advisor Group Inc. acquired a new stake in Texas Roadhouse during the second quarter valued at about $102,000. Creative Planning increased its stake in 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 in the last quarter. IFP Advisors Inc increased its stake in 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 in the last quarter. Finally, Victory Capital Management Inc. increased its stake in 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 in the last quarter. Institutional investors and hedge funds own 88.84% of the company’s stock.
Shares of Texas Roadhouse (NASDAQ:TXRH) traded up 0.39% during mid-day trading on Monday, reaching $38.13. 514,934 shares of the company’s stock were exchanged. The stock has a market cap of $2.69 billion, a price-to-earnings ratio of 23.98 and a beta of 0.54. Texas Roadhouse has a 52 week low of $33.06 and a 52 week high of $49.00. The stock has a 50 day moving average price of $42.62 and a 200 day moving average price of $44.16.
Texas Roadhouse (NASDAQ:TXRH) last announced its quarterly earnings results on Monday, August 1st. The company reported $0.47 earnings per share for the quarter, beating analysts’ consensus estimates of $0.45 by $0.02. Texas Roadhouse had a return on equity of 16.78% and a net margin of 5.88%. The business earned $509 million during the quarter, compared to analysts’ expectations of $509.80 million. During the same quarter last year, the business posted $0.30 earnings per share. The business’s revenue for the quarter was up 11.9% on a year-over-year basis. Equities research analysts predict that Texas Roadhouse will post $1.78 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Friday, September 30th. Investors of record on Wednesday, September 14th were issued a dividend of $0.19 per share. The ex-dividend date of this dividend was Monday, September 12th. This represents a $0.76 annualized dividend and a dividend yield of 2.00%. Texas Roadhouse’s payout ratio is currently 48.10%.
Texas Roadhouse Company Profile
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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