Texas Roadhouse, Inc. (NASDAQ:TXRH – Get Free Report) has been assigned an average recommendation of “Moderate Buy” from the twenty-one brokerages that are currently covering the stock, MarketBeat Ratings reports. Ten analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The average 12 month target price among analysts that have covered the stock in the last year is $191.71.
A number of equities research analysts have weighed in on TXRH shares. The Goldman Sachs Group lifted their price objective on Texas Roadhouse from $184.00 to $205.00 and gave the company a “neutral” rating in a report on Wednesday, June 4th. JPMorgan Chase & Co. dropped their price objective on Texas Roadhouse from $185.00 to $184.00 and set a “neutral” rating for the company in a report on Thursday, March 20th. UBS Group raised their price target on Texas Roadhouse from $200.00 to $220.00 and gave the stock a “buy” rating in a research report on Friday, June 6th. Stifel Nicolaus decreased their price target on shares of Texas Roadhouse from $172.00 to $170.00 and set a “hold” rating for the company in a research note on Tuesday, April 15th. Finally, Citigroup downgraded shares of Texas Roadhouse from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $213.00 to $164.00 in a report on Wednesday, April 23rd.
Get Our Latest Research Report on Texas Roadhouse
Insider Buying and Selling at Texas Roadhouse
Institutional Trading of Texas Roadhouse
A number of hedge funds and other institutional investors have recently bought and sold shares of TXRH. Brooklyn Investment Group grew its stake in shares of Texas Roadhouse by 478.6% in the 1st quarter. Brooklyn Investment Group now owns 162 shares of the restaurant operator’s stock worth $27,000 after acquiring an additional 134 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of Texas Roadhouse during the 4th quarter valued at $30,000. Bogart Wealth LLC bought a new position in Texas Roadhouse in the 1st quarter valued at $33,000. Coppell Advisory Solutions LLC boosted its position in shares of Texas Roadhouse by 56.8% during the 4th quarter. Coppell Advisory Solutions LLC now owns 196 shares of the restaurant operator’s stock valued at $35,000 after acquiring an additional 71 shares during the last quarter. Finally, SBI Securities Co. Ltd. bought a new position in shares of Texas Roadhouse in the 4th quarter worth $36,000. Institutional investors own 94.82% of the company’s stock.
Texas Roadhouse Stock Down 2.3%
Shares of TXRH opened at $182.29 on Thursday. The company’s fifty day moving average is $178.45 and its 200-day moving average is $178.94. Texas Roadhouse has a 12 month low of $148.73 and a 12 month high of $206.04. The firm has a market cap of $12.09 billion, a price-to-earnings ratio of 28.17, a price-to-earnings-growth ratio of 1.23 and a beta of 0.89.
Texas Roadhouse (NASDAQ:TXRH – Get Free Report) last posted its quarterly earnings data on Thursday, May 8th. The restaurant operator reported $1.70 earnings per share for the quarter, missing the consensus estimate of $1.75 by ($0.05). Texas Roadhouse had a net margin of 8.07% and a return on equity of 34.02%. The business had revenue of $1.45 billion during the quarter, compared to the consensus estimate of $1.44 billion. During the same period in the prior year, the company posted $1.69 earnings per share. The firm’s revenue was up 11.8% compared to the same quarter last year. As a group, research analysts predict that Texas Roadhouse will post 7.23 earnings per share for the current fiscal year.
Texas Roadhouse Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 1st. Investors of record on Tuesday, June 3rd will be given a dividend of $0.68 per share. The ex-dividend date of this dividend is Tuesday, June 3rd. This represents a $2.72 annualized dividend and a dividend yield of 1.49%. Texas Roadhouse’s dividend payout ratio is 41.98%.
Texas Roadhouse Company Profile
Texas Roadhouse, Inc, together with its subsidiaries, operates casual dining restaurants in the United States and internationally. It also operates and franchises restaurants under the Texas Roadhouse, Bubba's 33, and Jaggers names in 49 states and ten internationally. Texas Roadhouse, Inc was founded in 1993 and is based in Louisville, Kentucky.
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