Gordon Haskett initiated coverage on shares of Texas Roadhouse (NASDAQ:TXRH) in a report published on Thursday morning, The Fly reports. The brokerage issued an underperform rating and a $60.00 target price on the restaurant operator’s stock.
Other equities analysts have also issued reports about the stock. Zacks Investment Research raised shares of Texas Roadhouse from a sell rating to a hold rating in a research report on Thursday. BidaskClub raised shares of Texas Roadhouse from a hold rating to a buy rating in a research report on Saturday, October 13th. BMO Capital Markets dropped their price objective on shares of Texas Roadhouse from $64.00 to $62.00 and set a hold rating on the stock in a research report on Tuesday, July 31st. Telsey Advisory Group increased their price objective on shares of Texas Roadhouse from $64.00 to $70.00 and gave the company a market perform rating in a research report on Wednesday, July 11th. Finally, Royal Bank of Canada dropped their price objective on shares of Texas Roadhouse to $74.00 and set an outperform rating on the stock in a research report on Wednesday. Four equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and seven have assigned a buy rating to the company. Texas Roadhouse presently has a consensus rating of Hold and an average price target of $64.07.
NASDAQ TXRH traded down $1.67 on Thursday, hitting $65.84. 49,705 shares of the stock were exchanged, compared to its average volume of 729,224. Texas Roadhouse has a 52 week low of $47.70 and a 52 week high of $75.24. The firm has a market capitalization of $4.94 billion, a P/E ratio of 34.19, a price-to-earnings-growth ratio of 2.50 and a beta of 0.62.
Texas Roadhouse (NASDAQ:TXRH) last posted its quarterly earnings results on Monday, July 30th. The restaurant operator reported $0.62 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.67 by ($0.05). Texas Roadhouse had a return on equity of 18.15% and a net margin of 6.76%. The firm had revenue of $629.24 million for the quarter, compared to the consensus estimate of $634.52 million. During the same period last year, the company posted $0.53 earnings per share. The business’s revenue was up 11.1% compared to the same quarter last year. As a group, sell-side analysts expect that Texas Roadhouse will post 2.33 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Friday, September 28th. Investors of record on Wednesday, September 12th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 1.52%. The ex-dividend date of this dividend was Tuesday, September 11th. Texas Roadhouse’s dividend payout ratio is 50.76%.
In related news, insider S. Chris Jacobsen sold 1,500 shares of the firm’s stock in a transaction dated Friday, September 7th. The shares were sold at an average price of $75.00, for a total transaction of $112,500.00. Following the transaction, the insider now directly owns 13,533 shares of the company’s stock, valued at $1,014,975. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, COO Douglas W. Thompson sold 10,000 shares of the firm’s stock in a transaction dated Tuesday, September 25th. The stock was sold at an average price of $68.75, for a total transaction of $687,500.00. Following the transaction, the chief operating officer now directly owns 38,519 shares in the company, valued at $2,648,181.25. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 14,023 shares of company stock worth $973,715. 5.89% of the stock is owned by insiders.
A number of large investors have recently added to or reduced their stakes in TXRH. Russell Investments Group Ltd. increased its position in Texas Roadhouse by 9.3% during the first quarter. Russell Investments Group Ltd. now owns 35,584 shares of the restaurant operator’s stock worth $2,056,000 after acquiring an additional 3,014 shares during the period. Principal Financial Group Inc. grew its stake in Texas Roadhouse by 3.3% during the first quarter. Principal Financial Group Inc. now owns 290,301 shares of the restaurant operator’s stock worth $16,774,000 after buying an additional 9,265 shares in the last quarter. Northwestern Mutual Investment Management Company LLC grew its stake in Texas Roadhouse by 56.8% during the first quarter. Northwestern Mutual Investment Management Company LLC now owns 13,433 shares of the restaurant operator’s stock worth $776,000 after buying an additional 4,866 shares in the last quarter. UBS Group AG grew its stake in Texas Roadhouse by 30.3% during the first quarter. UBS Group AG now owns 33,319 shares of the restaurant operator’s stock worth $1,925,000 after buying an additional 7,745 shares in the last quarter. Finally, United Capital Financial Advisers LLC acquired a new stake in Texas Roadhouse during the first quarter worth about $542,000. 91.39% of the stock is currently owned by institutional investors and hedge funds.
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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