Texas Roadhouse (NASDAQ:TXRH) Receiving Favorable News Coverage, Analysis Shows
News headlines about Texas Roadhouse (NASDAQ:TXRH) have trended positive recently, according to Accern. The research group identifies negative and positive media coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Texas Roadhouse earned a media sentiment score of 0.27 on Accern’s scale. Accern also assigned news stories about the restaurant operator an impact score of 47.2481852861013 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
These are some of the news stories that may have effected Accern’s rankings:
- BidaskClub Lowers Texas Roadhouse, Inc. (TXRH) to Strong Sell (americanbankingnews.com)
- How Texas Roadhouse Is Thwarting the Weak Trends in Fast Casual (fool.com)
- 3 Earnings Reports That Made Waves Tuesday (fool.com)
- Texas Roadhouse Inc (TXRH) VMA Climbing Over Past 7 Bars – Evergreen Caller (evergreencaller.com)
- Q3 2017 EPS Estimates for Texas Roadhouse, Inc. (TXRH) Boosted by Jefferies Group (americanbankingnews.com)
Shares of Texas Roadhouse (NASDAQ TXRH) traded up 1.11% on Friday, reaching $48.39. The company had a trading volume of 363,217 shares. The firm has a 50-day moving average price of $50.01 and a 200 day moving average price of $47.15. Texas Roadhouse has a 1-year low of $37.23 and a 1-year high of $51.91. The firm has a market capitalization of $3.43 billion, a price-to-earnings ratio of 28.98 and a beta of 0.54.
Texas Roadhouse (NASDAQ:TXRH) last issued its quarterly earnings results on Monday, July 31st. The restaurant operator reported $0.53 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.53. The company had revenue of $566.30 million during the quarter, compared to the consensus estimate of $563.23 million. Texas Roadhouse had a return on equity of 16.49% and a net margin of 5.63%. Texas Roadhouse’s revenue was up 11.3% on a year-over-year basis. During the same period in the previous year, the firm posted $0.47 EPS. Equities research analysts predict that Texas Roadhouse will post $1.93 earnings per share for the current year.
A number of equities analysts have commented on TXRH shares. BMO Capital Markets raised Texas Roadhouse from a “market perform” rating to an “outperform” rating and increased their target price for the company from $48.00 to $58.00 in a report on Thursday, June 22nd. Jefferies Group LLC reissued an “underperform” rating and set a $40.00 target price (up previously from $38.00) on shares of Texas Roadhouse in a report on Tuesday, May 2nd. Maxim Group reissued a “buy” rating and set a $52.00 target price on shares of Texas Roadhouse in a report on Thursday, April 27th. Deutsche Bank AG reissued a “hold” rating and set a $53.00 target price (up previously from $49.00) on shares of Texas Roadhouse in a report on Monday, July 10th. Finally, BidaskClub cut Texas Roadhouse from a “strong-buy” rating to a “buy” rating in a report on Saturday, June 17th. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating and eight have given a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $50.11.
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In other Texas Roadhouse news, General Counsel Celia Catlett sold 1,837 shares of the business’s stock in a transaction on Tuesday, May 9th. The stock was sold at an average price of $49.95, for a total value of $91,758.15. Following the completion of the transaction, the general counsel now directly owns 10,000 shares in the company, valued at approximately $499,500. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Kathy Widmer sold 5,200 shares of the business’s stock in a transaction on Wednesday, May 31st. The shares were sold at an average price of $48.97, for a total value of $254,644.00. Following the completion of the transaction, the director now owns 13,750 shares of the company’s stock, valued at $673,337.50. The disclosure for this sale can be found here. Insiders sold a total of 17,037 shares of company stock valued at $841,802 over the last quarter. 7.40% of the stock is currently owned by insiders.
About Texas Roadhouse
Texas Roadhouse, Inc is a restaurant company, which operates in the casual dining segment. The Company offers an assortment of seasoned and aged steaks, all cooked over open grills and all but one hand cut daily on the premises. Its restaurants offer a range of menu items at prices that are designed to appeal to a range of consumer tastes.
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