Texas Roadhouse Inc (NASDAQ:TXRH) has received an average rating of “Hold” from the twenty-four brokerages that are covering the stock, Marketbeat reports. Two analysts have rated the stock with a sell recommendation, fourteen have issued a hold recommendation and eight have given a buy recommendation to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $62.42.
A number of equities analysts have commented on the stock. Deutsche Bank assumed coverage on shares of Texas Roadhouse in a report on Friday, June 28th. They issued a “hold” rating and a $56.00 target price for the company. Telsey Advisory Group reiterated a “market perform” rating and issued a $60.00 target price (up from $58.00) on shares of Texas Roadhouse in a report on Tuesday, July 30th. Maxim Group reiterated a “buy” rating and issued a $66.00 target price (up from $63.00) on shares of Texas Roadhouse in a report on Friday, July 26th. Evercore ISI assumed coverage on shares of Texas Roadhouse in a report on Tuesday, June 11th. They issued an “in-line” rating and a $55.00 target price for the company. Finally, KeyCorp started coverage on shares of Texas Roadhouse in a report on Tuesday, July 23rd. They issued a “sector weight” rating for the company.
Texas Roadhouse stock traded down $1.60 during trading hours on Thursday, reaching $51.93. The stock had a trading volume of 930,020 shares, compared to its average volume of 940,133. The company has a market cap of $3.61 billion, a price-to-earnings ratio of 23.60, a PEG ratio of 2.10 and a beta of 0.61. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.61 and a quick ratio of 0.56. The business’s 50 day moving average price is $52.76 and its 200-day moving average price is $55.81. Texas Roadhouse has a 52 week low of $48.64 and a 52 week high of $72.90.
Texas Roadhouse (NASDAQ:TXRH) last announced its earnings results on Monday, July 29th. The restaurant operator reported $0.63 EPS for the quarter, topping the Zacks’ consensus estimate of $0.62 by $0.01. The business had revenue of $689.80 million during the quarter, compared to the consensus estimate of $688.11 million. Texas Roadhouse had a net margin of 5.99% and a return on equity of 16.30%. The firm’s revenue was up 9.6% on a year-over-year basis. During the same period in the previous year, the company posted $0.62 earnings per share. On average, sell-side analysts forecast that Texas Roadhouse will post 2.29 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Investors of record on Wednesday, September 11th will be paid a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 2.31%. The ex-dividend date is Tuesday, September 10th. Texas Roadhouse’s dividend payout ratio is currently 54.55%.
In other Texas Roadhouse news, insider S. Chris Jacobsen sold 2,500 shares of the company’s stock in a transaction on Tuesday, July 30th. The stock was sold at an average price of $60.00, for a total value of $150,000.00. Following the completion of the sale, the insider now directly owns 21,197 shares in the company, valued at approximately $1,271,820. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Gregory N. Moore sold 23,000 shares of the company’s stock in a transaction on Wednesday, July 31st. The shares were sold at an average price of $55.53, for a total value of $1,277,190.00. The disclosure for this sale can be found here. 5.89% of the stock is currently owned by corporate insiders.
Large investors have recently modified their holdings of the business. AlphaCrest Capital Management LLC purchased a new stake in Texas Roadhouse in the 1st quarter valued at $1,252,000. AGF Investments LLC grew its holdings in Texas Roadhouse by 66.2% in the 2nd quarter. AGF Investments LLC now owns 6,038 shares of the restaurant operator’s stock valued at $324,000 after buying an additional 2,404 shares in the last quarter. Trexquant Investment LP purchased a new stake in Texas Roadhouse in the 1st quarter valued at $3,272,000. State of Wisconsin Investment Board grew its holdings in Texas Roadhouse by 33.4% in the 1st quarter. State of Wisconsin Investment Board now owns 308,200 shares of the restaurant operator’s stock valued at $19,167,000 after buying an additional 77,200 shares in the last quarter. Finally, Cerebellum GP LLC purchased a new stake in Texas Roadhouse in the 1st quarter valued at $324,000. Institutional investors own 89.22% of the company’s stock.
Texas Roadhouse Company Profile
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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