Texas Roadhouse (NASDAQ:TXRH) had its price target hoisted by Stifel Nicolaus from $62.00 to $68.00 in a report issued on Wednesday morning. They currently have a buy rating on the restaurant operator’s stock.
Several other research firms have also recently weighed in on TXRH. Zacks Investment Research cut Texas Roadhouse from a hold rating to a sell rating in a report on Saturday, January 6th. Telsey Advisory Group restated a market perform rating and set a $64.00 price target (up from $58.00) on shares of Texas Roadhouse in a report on Thursday, February 15th. Jefferies Group reiterated a hold rating and issued a $53.00 target price on shares of Texas Roadhouse in a report on Friday, February 23rd. JPMorgan Chase reiterated a neutral rating and issued a $54.00 target price (down from $55.00) on shares of Texas Roadhouse in a report on Wednesday, February 21st. Finally, Maxim Group reiterated a buy rating and issued a $67.00 target price (up from $65.00) on shares of Texas Roadhouse in a report on Wednesday, February 21st. One equities research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and eleven have assigned a buy rating to the stock. The company presently has a consensus rating of Hold and a consensus target price of $59.43.
NASDAQ:TXRH opened at $63.33 on Wednesday. The stock has a market cap of $4,481.85, a PE ratio of 32.15, a PEG ratio of 2.10 and a beta of 0.59. The company has a current ratio of 0.78, a quick ratio of 0.73 and a debt-to-equity ratio of 0.06. Texas Roadhouse has a 1-year low of $44.29 and a 1-year high of $63.80.
Texas Roadhouse (NASDAQ:TXRH) last released its quarterly earnings results on Tuesday, February 20th. The restaurant operator reported $0.40 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.37 by $0.03. The company had revenue of $545.10 million for the quarter, compared to analysts’ expectations of $545.24 million. Texas Roadhouse had a return on equity of 17.20% and a net margin of 5.93%. The business’s quarterly revenue was up 12.5% compared to the same quarter last year. During the same period in the previous year, the business posted $0.29 earnings per share. sell-side analysts anticipate that Texas Roadhouse will post 2.36 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, March 29th. Shareholders of record on Wednesday, March 14th were paid a $0.25 dividend. The ex-dividend date was Tuesday, March 13th. This is a positive change from Texas Roadhouse’s previous quarterly dividend of $0.21. This represents a $1.00 annualized dividend and a yield of 1.58%. Texas Roadhouse’s payout ratio is 50.76%.
In other Texas Roadhouse news, CMO S. Chris Jacobsen sold 1,134 shares of the business’s stock in a transaction that occurred on Friday, January 26th. The stock was sold at an average price of $60.00, for a total value of $68,040.00. Following the transaction, the chief marketing officer now directly owns 16,899 shares of the company’s stock, valued at $1,013,940. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Scott Matthew Colosi sold 10,644 shares of the business’s stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $58.55, for a total value of $623,206.20. The disclosure for this sale can be found here. Over the last three months, insiders sold 32,178 shares of company stock worth $1,852,664. Insiders own 5.89% of the company’s stock.
Institutional investors and hedge funds have recently modified their holdings of the business. Cerebellum GP LLC acquired a new position in Texas Roadhouse in the fourth quarter valued at approximately $122,000. Cubist Systematic Strategies LLC acquired a new position in shares of Texas Roadhouse during the third quarter worth approximately $193,000. Claraphi Advisory Network LLC acquired a new position in shares of Texas Roadhouse during the fourth quarter worth approximately $202,000. MML Investors Services LLC acquired a new position in shares of Texas Roadhouse during the fourth quarter worth approximately $206,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Texas Roadhouse by 50.1% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,920 shares of the restaurant operator’s stock worth $207,000 after purchasing an additional 1,308 shares during the period. 87.64% of the stock is currently 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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