Texas Roadhouse Inc. (TXRH) Hits New 1-Year High at $48.25
Texas Roadhouse Inc. (NASDAQ:TXRH) shares reached a new 52-week high on Friday . The company traded as high as $48.25 and last traded at $47.77, with a volume of 502,883 shares changing hands. The stock had previously closed at $46.77.
A number of research firms recently weighed in on TXRH. Raymond James Financial Inc. lowered shares of Texas Roadhouse from an “outperform” rating to a “market perform” rating in a report on Monday, April 18th. They noted that the move was a valuation call. Morgan Stanley reissued a “sell” rating on shares of Texas Roadhouse in a report on Monday, May 2nd. Buckingham Research began coverage on shares of Texas Roadhouse in a report on Thursday, June 16th. They issued a “neutral” rating and a $47.00 target price for the company. Zacks Investment Research lowered shares of Texas Roadhouse from a “buy” rating to a “hold” rating in a report on Wednesday, April 27th. Finally, Jefferies Group reissued a “hold” rating and issued a $39.00 target price (up from $36.00) on shares of Texas Roadhouse in a report on Thursday, May 5th. Two research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and five have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $43.31.
The firm has a market capitalization of $3.40 billion and a price-to-earnings ratio of 34.26. The firm has a 50 day moving average of $45.97 and a 200-day moving average of $42.15.
Texas Roadhouse (NASDAQ:TXRH) last announced its earnings results on Monday, May 2nd. The company reported $0.50 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.54 by $0.04. The firm earned $515.60 million during the quarter, compared to analyst estimates of $515.58 million. Texas Roadhouse’s revenue for the quarter was up 12.0% on a year-over-year basis. During the same period last year, the firm posted $0.46 earnings per share. Analysts predict that Texas Roadhouse Inc. will post $1.75 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Friday, July 1st. Stockholders of record on Wednesday, June 15th were paid a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 1.57%. The ex-dividend date of this dividend was Monday, June 13th.
In other news, General Counsel Celia Catlett sold 966 shares of the company’s stock in a transaction that occurred on Friday, June 10th. The stock was sold at an average price of $46.20, for a total transaction of $44,629.20. Following the completion of the transaction, the general counsel now directly owns 10,500 shares of the company’s stock, valued at approximately $485,100. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Kathy Widmer sold 6,000 shares of the company’s stock in a transaction that occurred on Thursday, May 5th. The stock was sold at an average price of $44.20, for a total value of $265,200.00. Following the transaction, the director now directly owns 15,250 shares of the company’s stock, valued at $674,050. The disclosure for this sale can be found here.
A number of hedge funds and institutional investors have recently bought and sold shares of the stock. Comerica Bank increased its position in Texas Roadhouse by 0.6% in the fourth quarter. Comerica Bank now owns 53,932 shares of the company’s stock valued at $1,868,000 after buying an additional 342 shares in the last quarter. US Bancorp DE increased its position in Texas Roadhouse by 7.2% in the fourth quarter. US Bancorp DE now owns 96,529 shares of the company’s stock valued at $3,452,000 after buying an additional 6,490 shares in the last quarter. Rhumbline Advisers increased its position in Texas Roadhouse by 7.1% in the fourth quarter. Rhumbline Advisers now owns 103,962 shares of the company’s stock valued at $3,719,000 after buying an additional 6,905 shares in the last quarter. Sei Investments Co. increased its position in Texas Roadhouse by 14.9% in the fourth quarter. Sei Investments Co. now owns 76,128 shares of the company’s stock valued at $2,723,000 after buying an additional 9,865 shares in the last quarter. Finally, New York State Common Retirement Fund increased its position in Texas Roadhouse by 16.4% in the fourth quarter. New York State Common Retirement Fund now owns 74,353 shares of the company’s stock valued at $2,660,000 after buying an additional 10,453 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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