Texas Roadhouse Inc. (TXRH) Sets New 1-Year High at $48.25
Texas Roadhouse Inc. (NASDAQ:TXRH)’s share price hit a new 52-week high during mid-day trading on Friday . The company traded as high as $48.25 and last traded at $47.77, with a volume of 502,883 shares. The stock had previously closed at $46.77.
A number of equities analysts recently issued reports on TXRH shares. Maxim Group reissued a “buy” rating and issued a $48.00 price objective (up from $45.00) on shares of Texas Roadhouse in a report on Tuesday, April 5th. Longbow Research reissued a “buy” rating on shares of Texas Roadhouse in a report on Saturday, April 2nd. Zacks Investment Research raised Texas Roadhouse from a “hold” rating to a “buy” rating and set a $49.00 price objective for the company in a report on Friday, May 6th. Jefferies Group reissued a “hold” rating and issued a $39.00 price objective (up from $36.00) on shares of Texas Roadhouse in a report on Thursday, May 5th. Finally, Royal Bank Of Canada reissued a “hold” rating and issued a $44.00 price objective (up from $42.00) on shares of Texas Roadhouse in a report on Tuesday, May 3rd. Two investment analysts have rated the stock with a sell rating, fourteen have given a hold rating and five have given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $43.31.
The stock’s 50 day moving average price is $45.89 and its 200-day moving average price is $42.06. The firm has a market capitalization of $3.38 billion and a P/E ratio of 34.06.
Texas Roadhouse (NASDAQ:TXRH) last posted its earnings results on Monday, May 2nd. The company reported $0.50 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.54 by $0.04. The firm had revenue of $515.60 million for the quarter, compared to the consensus estimate of $515.58 million. The company’s revenue was up 12.0% compared to the same quarter last year. During the same period in the prior year, the business earned $0.46 EPS. Equities research analysts expect that Texas Roadhouse Inc. will post $1.76 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Friday, July 1st. Investors of record on Wednesday, June 15th were issued a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.62%. The ex-dividend date of this dividend was Monday, June 13th.
In related news, Director Kathy Widmer sold 6,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 5th. The shares were sold at an average price of $44.20, for a total value of $265,200.00. Following the completion of the sale, the director now owns 15,250 shares of the company’s stock, valued at $674,050. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, General Counsel Celia Catlett sold 966 shares of the firm’s stock in a transaction that occurred on Friday, June 10th. The shares were sold at an average price of $46.20, for a total transaction of $44,629.20. Following the completion of the sale, the general counsel now directly owns 10,500 shares of the company’s stock, valued at approximately $485,100. The disclosure for this sale can be found here.
Other hedge funds recently modified their holdings of the company. Westfield Capital Management Co. LP bought a new stake in shares of Texas Roadhouse during the fourth quarter worth $16,844,000. State of Tennessee Treasury Department bought a new stake in shares of Texas Roadhouse during the fourth quarter worth $1,746,000. Dimensional Fund Advisors LP raised its stake in shares of Texas Roadhouse by 6.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,507,907 shares of the company’s stock worth $53,938,000 after buying an additional 95,243 shares in the last quarter. Jennison Associates LLC raised its stake in shares of Texas Roadhouse by 4.0% in the fourth quarter. Jennison Associates LLC now owns 1,972,002 shares of the company’s stock worth $70,539,000 after buying an additional 75,878 shares in the last quarter. Finally, US Bancorp DE raised its stake in shares of Texas Roadhouse by 7.2% in the fourth quarter. US Bancorp DE now owns 96,529 shares of the company’s stock worth $3,452,000 after buying an additional 6,490 shares in the last quarter.
Texas Roadhouse, Inc is a restaurant company, which operates in the casual dining segment. The Company offers an assortment of seasoned and aged steaks hand-cut daily on the premises and cooked to order over open grills. In addition to steaks, the Company also offers its guests a selection of ribs, fish, seafood, chicken, pork chops, pulled pork and vegetable plates, and an assortment of hamburgers, salads and sandwiches.
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