Royal Bank of Canada reiterated their hold rating on shares of Texas Roadhouse (NASDAQ:TXRH) in a research report sent to investors on Friday morning. The brokerage currently has a $58.00 price target on the restaurant operator’s stock.
Several other equities analysts have also commented on the company. Jefferies Group reaffirmed a hold rating and set a $53.00 target price on shares of Texas Roadhouse in a report on Friday. Morgan Stanley reaffirmed an equal weight rating and set a $55.00 target price (down from $57.00) on shares of Texas Roadhouse in a report on Wednesday. JPMorgan Chase & Co. reaffirmed a neutral rating and set a $54.00 target price (down from $55.00) on shares of Texas Roadhouse in a report on Wednesday. BMO Capital Markets set a $60.00 target price on Texas Roadhouse and gave the company a buy rating in a report on Wednesday. Finally, Maxim Group reaffirmed a buy rating and set a $67.00 target price (up from $65.00) on shares of Texas Roadhouse in a report on Wednesday. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating and ten have assigned a buy rating to the stock. The company presently has an average rating of Hold and a consensus target price of $58.45.
Texas Roadhouse (NASDAQ:TXRH) traded up $0.86 during trading hours on Friday, hitting $57.28. The stock had a trading volume of 1,150,000 shares, compared to its average volume of 751,395. The company has a market capitalization of $4,140.00, a price-to-earnings ratio of 32.73, a PEG ratio of 1.89 and a beta of 0.59. Texas Roadhouse has a 52 week low of $40.28 and a 52 week high of $60.43. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.78 and a quick ratio of 0.63.
Texas Roadhouse (NASDAQ:TXRH) last posted its earnings results on Tuesday, February 20th. The restaurant operator reported $0.40 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.37 by $0.03. The company had revenue of $545.10 million during the quarter, compared to analyst estimates of $545.24 million. Texas Roadhouse had a return on equity of 17.20% and a net margin of 5.93%. The business’s revenue was up 12.5% compared to the same quarter last year. During the same period in the prior year, the company earned $0.29 earnings per share. sell-side analysts forecast that Texas Roadhouse will post 2.36 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 29th. Investors of record on Wednesday, March 14th will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 1.75%. This is a positive change from Texas Roadhouse’s previous quarterly dividend of $0.21. The ex-dividend date is Tuesday, March 13th. Texas Roadhouse’s dividend payout ratio is 48.00%.
In other Texas Roadhouse news, insider Scott Matthew Colosi sold 10,644 shares of the stock in a transaction on Friday, February 16th. The stock was sold at an average price of $58.55, for a total transaction of $623,206.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Wayne Kent Taylor sold 200,000 shares of the stock in a transaction on Thursday, December 7th. The shares were sold at an average price of $51.09, for a total value of $10,218,000.00. Following the transaction, the chief executive officer now directly owns 3,908,231 shares of the company’s stock, valued at $199,671,521.79. The disclosure for this sale can be found here. Insiders sold a total of 246,818 shares of company stock valued at $12,884,345 over the last three months. Corporate insiders own 7.40% of the company’s stock.
Hedge funds and other institutional investors have recently modified their holdings of the business. Cerebellum GP LLC bought a new position in Texas Roadhouse during the 4th quarter valued at $122,000. Claraphi Advisory Network LLC bought a new position in Texas Roadhouse during the 4th quarter valued at $202,000. MML Investors Services LLC bought a new position in Texas Roadhouse during the 4th quarter valued at $206,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Texas Roadhouse by 50.1% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,920 shares of the restaurant operator’s stock valued at $207,000 after purchasing an additional 1,308 shares in the last quarter. Finally, Cubist Systematic Strategies LLC bought a new position in Texas Roadhouse during the 3rd quarter valued at $193,000. 87.08% of the stock is owned by hedge funds and other institutional investors.
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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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