Media stories about Texas Roadhouse (NASDAQ:TXRH) have trended somewhat positive recently, according to Accern. Accern rates the sentiment of news coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Texas Roadhouse earned a media sentiment score of 0.06 on Accern’s scale. Accern also gave press coverage about the restaurant operator an impact score of 46.6847047916056 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
These are some of the media headlines that may have impacted Accern Sentiment’s scoring:
Shares of Texas Roadhouse opened at $59.51 on Wednesday, MarketBeat.com reports. The firm has a market cap of $4.43 billion, a P/E ratio of 30.21, a PEG ratio of 2.20 and a beta of 0.56. Texas Roadhouse has a 1 year low of $59.12 and a 1 year high of $60.01. The company has a quick ratio of 0.80, a current ratio of 0.85 and a debt-to-equity ratio of 0.06.
Texas Roadhouse (NASDAQ:TXRH) last issued its quarterly earnings data on Monday, April 30th. The restaurant operator reported $0.76 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.76. The firm had revenue of $627.70 million during the quarter, compared to analysts’ expectations of $626.34 million. Texas Roadhouse had a return on equity of 17.97% and a net margin of 6.66%. Texas Roadhouse’s revenue was up 10.6% on a year-over-year basis. During the same period in the previous year, the firm posted $0.61 earnings per share. research analysts predict that Texas Roadhouse will post 2.38 earnings per share for the current year.
Several analysts have recently commented on TXRH shares. BidaskClub raised Texas Roadhouse from a “hold” rating to a “buy” rating in a report on Friday, March 30th. Morgan Stanley raised their price target on Texas Roadhouse from $55.00 to $58.00 and gave the company an “equal weight” rating in a report on Monday, April 16th. BMO Capital Markets cut Texas Roadhouse from an “outperform” rating to a “hold” rating and raised their price target for the company from $60.00 to $64.00 in a report on Tuesday, April 24th. They noted that the move was a valuation call. Wedbush reissued a “buy” rating and issued a $64.00 price target on shares of Texas Roadhouse in a report on Thursday, April 5th. Finally, Barclays reissued an “overweight” rating and issued a $62.00 price target (up from $55.00) on shares of Texas Roadhouse in a report on Tuesday, January 16th. Three investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and nine have issued a buy rating to the company. Texas Roadhouse presently has an average rating of “Hold” and a consensus target price of $61.46.
In other Texas Roadhouse news, Director James R. Zarley sold 10,900 shares of the firm’s stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $56.82, for a total transaction of $619,338.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Scott Matthew Colosi sold 10,644 shares of the firm’s stock in a transaction on Friday, February 16th. The stock was 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 ninety days, insiders have sold 29,544 shares of company stock valued at $1,694,624. 5.89% of the stock is currently owned by insiders.
About Texas Roadhouse
Texas Roadhouse, Inc, together with its subsidiaries, operates casual dining restaurants in the United States and internationally. The company operates and franchises Texas Roadhouse and Bubba's 33 restaurants. As of February 20, 2018, it owned and operated approximately 550 restaurants. Texas Roadhouse, Inc was founded in 1993 and is based in Louisville, Kentucky.
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