Shares of Texas Roadhouse Inc (NASDAQ:TXRH) have received an average rating of “Hold” from the twenty-three research firms that are covering the firm, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, twelve have assigned a hold recommendation and eight have given a buy recommendation to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $53.63.
TXRH has been the topic of a number of recent analyst reports. Zacks Investment Research cut shares of Texas Roadhouse from a “hold” rating to a “sell” rating in a report on Saturday, January 6th. Barclays lowered their price target on shares of Texas Roadhouse from $56.00 to $55.00 and set an “overweight” rating on the stock in a report on Wednesday, October 18th. Maxim Group restated a “buy” rating and issued a $55.00 price target on shares of Texas Roadhouse in a report on Friday, October 20th. Oppenheimer reaffirmed a “hold” rating on shares of Texas Roadhouse in a research report on Tuesday, October 31st. Finally, Wedbush initiated coverage on shares of Texas Roadhouse in a research report on Friday, January 12th. They issued an “outperform” rating and a $67.00 price objective for the company.
Texas Roadhouse (TXRH) traded up $1.05 during trading hours on Friday, hitting $58.24. 725,636 shares of the stock were exchanged, compared to its average volume of 800,315. Texas Roadhouse has a twelve month low of $40.28 and a twelve month high of $58.87. The company has a market cap of $4,140.00, a PE ratio of 33.66, a P/E/G ratio of 1.99 and a beta of 0.52. The company has a quick ratio of 0.63, a current ratio of 0.69 and a debt-to-equity ratio of 0.06.
The company also recently announced a quarterly dividend, which was paid on Friday, December 29th. Stockholders of record on Wednesday, December 13th were issued a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 1.44%. The ex-dividend date of this dividend was Tuesday, December 12th. Texas Roadhouse’s dividend payout ratio (DPR) is 48.55%.
In other Texas Roadhouse news, Director Kathy Widmer sold 1,300 shares of Texas Roadhouse stock in a transaction on Tuesday, December 12th. The shares were sold at an average price of $50.86, for a total transaction of $66,118.00. Following the sale, the director now owns 10,450 shares of the company’s stock, valued at approximately $531,487. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider S. Chris Jacobsen sold 1,000 shares of Texas Roadhouse stock in a transaction on Friday, January 12th. The stock was sold at an average price of $57.96, for a total transaction of $57,960.00. Following the sale, the insider now directly owns 18,033 shares in the company, valued at approximately $1,045,192.68. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 237,203 shares of company stock valued at $12,283,831. Insiders own 7.40% of the company’s stock.
Institutional investors and hedge funds have recently made changes to their positions in the business. YorkBridge Wealth Partners LLC boosted its stake in Texas Roadhouse by 4.2% during the 2nd quarter. YorkBridge Wealth Partners LLC now owns 2,159 shares of the restaurant operator’s stock worth $110,000 after purchasing an additional 87 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Texas Roadhouse by 11.0% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,612 shares of the restaurant operator’s stock worth $133,000 after purchasing an additional 258 shares during the last quarter. Advisor Group Inc. boosted its stake in Texas Roadhouse by 26.8% during the 2nd quarter. Advisor Group Inc. now owns 2,808 shares of the restaurant operator’s stock worth $143,000 after purchasing an additional 593 shares during the last quarter. Cubist Systematic Strategies LLC acquired a new position in shares of Texas Roadhouse during the 3rd quarter valued at about $193,000. Finally, M&T Bank Corp acquired a new position in shares of Texas Roadhouse during the 2nd quarter valued at about $211,000. 85.95% of the stock is currently owned by institutional investors.
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, 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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