Texas Roadhouse (NASDAQ: TXRH) has recently received a number of price target changes and ratings updates:

  • 7/16/2017 – Texas Roadhouse was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
  • 7/10/2017 – Texas Roadhouse had its “hold” rating reaffirmed by analysts at Deutsche Bank AG. They now have a $53.00 price target on the stock, up previously from $49.00.
  • 7/3/2017 – Texas Roadhouse had its “buy” rating reaffirmed by analysts at Longbow Research. They now have a $56.00 price target on the stock.
  • 6/29/2017 – Texas Roadhouse was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.
  • 6/22/2017 – Texas Roadhouse was upgraded by analysts at BMO Capital Markets from a “market perform” rating to an “outperform” rating. They now have a $58.00 price target on the stock, up previously from $48.00.
  • 6/17/2017 – Texas Roadhouse was downgraded by analysts at BidaskClub from a “strong-buy” rating to a “buy” rating.
  • 6/10/2017 – Texas Roadhouse was upgraded by analysts at BidaskClub from a “buy” rating to a “strong-buy” rating.
  • 6/2/2017 – Texas Roadhouse had its “sell” rating reaffirmed by analysts at Jefferies Group LLC. They now have a $40.00 price target on the stock.

Texas Roadhouse, Inc. (NASDAQ:TXRH) opened at 50.07 on Monday. Texas Roadhouse, Inc. has a 52 week low of $37.23 and a 52 week high of $51.91. The firm has a 50 day moving average price of $49.49 and a 200 day moving average price of $46.87. The stock has a market capitalization of $3.55 billion, a P/E ratio of 31.08 and a beta of 0.56.

Texas Roadhouse (NASDAQ:TXRH) last issued its quarterly earnings data on Monday, May 1st. The restaurant operator reported $0.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.58 by $0.03. Texas Roadhouse had a return on equity of 16.42% and a net margin of 5.60%. The business had revenue of $567.70 million during the quarter, compared to analyst estimates of $560.74 million. During the same period in the prior year, the company posted $0.50 EPS. The business’s revenue for the quarter was up 10.1% compared to the same quarter last year. Equities research analysts predict that Texas Roadhouse, Inc. will post $1.92 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 30th. Investors of record on Wednesday, June 14th were issued a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 1.68%. The ex-dividend date of this dividend was Monday, June 12th. Texas Roadhouse’s dividend payout ratio (DPR) is 52.50%.

In related news, insider Scott Matthew Colosi sold 10,000 shares of the stock in a transaction that occurred on Tuesday, May 9th. The stock was sold at an average price of $49.54, for a total value of $495,400.00. Following the completion of the transaction, the insider now directly owns 60,058 shares of the company’s stock, valued at approximately $2,975,273.32. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Kathy Widmer sold 5,200 shares of the stock in a transaction that occurred on Wednesday, May 31st. The stock was sold at an average price of $48.97, for a total value of $254,644.00. Following the completion of the transaction, the director now directly owns 13,750 shares of the company’s stock, valued at $673,337.50. The disclosure for this sale can be found here. Insiders sold a total of 25,537 shares of company stock valued at $1,275,317 over the last three months. Corporate insiders own 6.60% of the company’s stock.

Texas Roadhouse, Inc is a restaurant company, which operates in the casual dining segment. The Company offers an assortment of seasoned and aged steaks, all cooked over open grills and all but one hand cut daily on the premises. Its restaurants offer a range of menu items at prices that are designed to appeal to a range of consumer tastes.

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