Texas Roadhouse, Inc. (TXRH) Receives Consensus Rating of “Hold” from Analysts
Texas Roadhouse, Inc. (NASDAQ:TXRH) has received a consensus rating of “Hold” from the twenty-one ratings firms that are covering the firm, Marketbeat reports. Two investment analysts have rated the stock with a sell recommendation, ten have issued a hold recommendation and eight have issued a buy recommendation on the company. The average 12 month price objective among brokers that have covered the stock in the last year is $50.50.
Several equities research analysts recently issued reports on TXRH shares. Zacks Investment Research raised Texas Roadhouse from a “hold” rating to a “buy” rating and set a $56.00 price target for the company in a research note on Friday, July 21st. Jefferies Group LLC reaffirmed a “sell” rating and set a $40.00 price target on shares of Texas Roadhouse in a research note on Thursday, August 31st. BidaskClub raised Texas Roadhouse from a “hold” rating to a “buy” rating in a research note on Thursday, June 29th. Deutsche Bank AG reaffirmed a “hold” rating and set a $53.00 price target (up from $49.00) on shares of Texas Roadhouse in a research note on Monday, July 10th. Finally, Longbow Research reaffirmed a “buy” rating and set a $56.00 price target on shares of Texas Roadhouse in a research note on Monday, July 3rd.
In other news, insider S. Chris Jacobsen sold 2,500 shares of Texas Roadhouse stock in a transaction that occurred on Friday, August 11th. The stock was sold at an average price of $49.25, for a total transaction of $123,125.00. Following the sale, the insider now owns 15,184 shares of the company’s stock, valued at approximately $747,812. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Kathy Widmer sold 2,000 shares of Texas Roadhouse stock in a transaction that occurred on Thursday, September 21st. The stock was sold at an average price of $47.95, for a total value of $95,900.00. Following the sale, the director now directly owns 11,750 shares in the company, valued at approximately $563,412.50. The disclosure for this sale can be found here. 6.60% of the stock is currently owned by company insiders.
Several large investors have recently made changes to their positions in TXRH. BlackRock Inc. lifted its position in shares of Texas Roadhouse by 22,841.1% during the 1st quarter. BlackRock Inc. now owns 6,542,337 shares of the restaurant operator’s stock worth $291,331,000 after buying an additional 6,513,819 shares during the period. Janus Henderson Group PLC lifted its position in shares of Texas Roadhouse by 332.4% during the 2nd quarter. Janus Henderson Group PLC now owns 1,967,343 shares of the restaurant operator’s stock worth $100,236,000 after buying an additional 1,512,352 shares during the period. FMR LLC lifted its position in shares of Texas Roadhouse by 130.5% during the 2nd quarter. FMR LLC now owns 1,400,306 shares of the restaurant operator’s stock worth $71,346,000 after buying an additional 792,906 shares during the period. Lord Abbett & CO. LLC bought a new position in shares of Texas Roadhouse during the 2nd quarter worth approximately $37,869,000. Finally, Janus Capital Management LLC lifted its position in shares of Texas Roadhouse by 114.2% during the 1st quarter. Janus Capital Management LLC now owns 1,202,544 shares of the restaurant operator’s stock worth $53,549,000 after buying an additional 641,045 shares during the period. 85.98% of the stock is currently owned by institutional investors.
Shares of Texas Roadhouse (NASDAQ:TXRH) traded up 0.50% on Wednesday, reaching $49.84. 339,087 shares of the company traded hands. The company has a market capitalization of $3.54 billion, a PE ratio of 30.01 and a beta of 0.57. The firm has a 50-day moving average of $48.10 and a 200-day moving average of $48.39. Texas Roadhouse has a 52-week low of $37.99 and a 52-week high of $51.91.
Texas Roadhouse (NASDAQ:TXRH) last announced its earnings results on Monday, July 31st. The restaurant operator reported $0.53 EPS for the quarter, meeting the consensus estimate of $0.53. The business had revenue of $566.30 million during the quarter, compared to the consensus estimate of $563.23 million. Texas Roadhouse had a return on equity of 16.49% and a net margin of 5.63%. Texas Roadhouse’s revenue was up 11.3% compared to the same quarter last year. During the same period in the prior year, the business posted $0.47 earnings per share. On average, equities research analysts forecast that Texas Roadhouse will post $1.93 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Friday, September 29th. Shareholders of record on Wednesday, September 13th were issued a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 1.69%. The ex-dividend date was Tuesday, September 12th. Texas Roadhouse’s dividend payout ratio (DPR) is currently 50.60%.
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, 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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