Other equities analysts have also issued research reports about the stock. Wells Fargo & Co reiterated a buy rating and issued a $157.00 price target on shares of Chubb in a report on Tuesday, April 30th. UBS Group reiterated a hold rating and issued a $7.80 price target on shares of Deutsche Bank in a report on Friday, April 26th. Stephens upgraded shares of Texas Roadhouse from an equal weight rating to an overweight rating and set a $70.00 price target on the stock in a report on Wednesday, March 20th. Maxim Group set a $3.00 price target on shares of Actinium Pharmaceuticals and gave the company a buy rating in a report on Tuesday, June 4th. Finally, Telsey Advisory Group reiterated a market perform rating and issued a $58.00 price target (down previously from $65.00) on shares of Texas Roadhouse in a report on Tuesday, April 30th. Three equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and nine have assigned a buy rating to the stock. The stock has a consensus rating of Hold and a consensus target price of $63.05.
Shares of TXRH opened at $53.54 on Thursday. The firm has a market cap of $3.81 billion, a price-to-earnings ratio of 24.34, a PEG ratio of 2.07 and a beta of 0.61. The company has a fifty day moving average of $53.60. Texas Roadhouse has a fifty-two week low of $50.84 and a fifty-two week high of $75.24. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.84 and a current ratio of 0.89.
Texas Roadhouse (NASDAQ:TXRH) last announced its quarterly earnings results on Monday, April 29th. The restaurant operator reported $0.70 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.82 by ($0.12). The company had revenue of $690.61 million during the quarter, compared to analyst estimates of $693.76 million. Texas Roadhouse had a net margin of 6.11% and a return on equity of 16.17%. The firm’s revenue for the quarter was up 10.0% compared to the same quarter last year. During the same quarter last year, the business earned $0.76 EPS. Equities research analysts anticipate that Texas Roadhouse will post 2.28 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Wednesday, June 12th were paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 2.24%. The ex-dividend date was Tuesday, June 11th. Texas Roadhouse’s dividend payout ratio (DPR) is 54.55%.
In other news, Director James R. Zarley purchased 18,900 shares of the company’s stock in a transaction that occurred on Wednesday, May 1st. The shares were purchased at an average price of $52.51 per share, with a total value of $992,439.00. Following the purchase, the director now directly owns 113,100 shares of the company’s stock, valued at approximately $5,938,881. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 5.89% of the company’s stock.
Institutional investors have recently added to or reduced their stakes in the stock. Berman Capital Advisors LLC purchased a new stake in Texas Roadhouse during the 4th quarter worth $27,000. Advisory Services Network LLC increased its stake in Texas Roadhouse by 34.7% during the 4th quarter. Advisory Services Network LLC now owns 851 shares of the restaurant operator’s stock worth $51,000 after buying an additional 219 shares during the period. Ellis Investment Partners LLC purchased a new stake in Texas Roadhouse during the 1st quarter worth $55,000. Meeder Asset Management Inc. increased its stake in Texas Roadhouse by 962.6% during the 1st quarter. Meeder Asset Management Inc. now owns 2,901 shares of the restaurant operator’s stock worth $181,000 after buying an additional 2,628 shares during the period. Finally, Sciencast Management LP purchased a new stake in Texas Roadhouse during the 1st quarter worth $214,000. 88.08% of the stock is currently owned by hedge funds and other institutional investors.
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 April 29, 2019, it owned and operated approximately 590 restaurants. Texas Roadhouse, Inc was founded in 1993 and is based in Louisville, Kentucky.
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