Texas Roadhouse, Inc. (TXRH) Receives $50.50 Average PT from Analysts
Shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) have been given an average recommendation of “Hold” by the twenty-one analysts that are covering the stock, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, ten have given a hold recommendation and eight have given a buy recommendation to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $50.50.
Several research firms have issued reports on TXRH. Raymond James Financial, Inc. restated a “market perform” rating on shares of Texas Roadhouse in a report on Tuesday, July 25th. Zacks Investment Research upgraded Texas Roadhouse from a “hold” rating to a “buy” rating and set a $56.00 target price on the stock in a report on Friday, July 21st. BMO Capital Markets reiterated a “buy” rating and issued a $58.00 target price on shares of Texas Roadhouse in a report on Wednesday, August 2nd. Barclays PLC upped their target price on Texas Roadhouse from $53.00 to $56.00 and gave the company an “overweight” rating in a report on Tuesday, August 1st. Finally, Robert W. Baird reiterated a “buy” rating and issued a $56.00 target price on shares of Texas Roadhouse in a report on Tuesday, September 19th.
In related news, insider S. Chris Jacobsen sold 2,500 shares of the business’s stock in a transaction that occurred on Friday, August 11th. The stock was sold at an average price of $49.25, for a total value of $123,125.00. Following the completion of the sale, the insider now owns 15,184 shares of the company’s stock, valued at approximately $747,812. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Kathy Widmer sold 2,000 shares of the business’s stock in a transaction that occurred on Thursday, September 21st. The shares were sold at an average price of $47.95, for a total value of $95,900.00. Following the completion of the sale, the director now directly owns 11,750 shares of the company’s stock, valued at approximately $563,412.50. The disclosure for this sale can be found here. Insiders own 6.60% of the company’s stock.
A number of institutional investors have recently made changes to their positions in TXRH. BlackRock Inc. boosted its position in Texas Roadhouse by 22,841.1% during the first quarter. BlackRock Inc. now owns 6,542,337 shares of the restaurant operator’s stock worth $291,331,000 after purchasing an additional 6,513,819 shares during the period. Janus Henderson Group PLC boosted its position in Texas Roadhouse by 332.4% during the second quarter. Janus Henderson Group PLC now owns 1,967,343 shares of the restaurant operator’s stock worth $100,236,000 after purchasing an additional 1,512,352 shares during the period. FMR LLC boosted its position in Texas Roadhouse by 130.5% during the second quarter. FMR LLC now owns 1,400,306 shares of the restaurant operator’s stock worth $71,346,000 after purchasing an additional 792,906 shares during the period. Lord Abbett & CO. LLC bought a new stake in Texas Roadhouse during the second quarter worth approximately $37,869,000. Finally, Janus Capital Management LLC boosted its position in Texas Roadhouse by 114.2% during the first quarter. Janus Capital Management LLC now owns 1,202,544 shares of the restaurant operator’s stock worth $53,549,000 after purchasing an additional 641,045 shares during the period. 85.97% of the stock is owned by hedge funds and other institutional investors.
Shares of Texas Roadhouse (TXRH) opened at 49.95 on Wednesday. Texas Roadhouse has a one year low of $37.99 and a one year high of $51.91. The stock has a market capitalization of $3.55 billion, a P/E ratio of 30.07 and a beta of 0.57. The stock’s 50 day moving average is $48.24 and its 200-day moving average is $48.52.
Texas Roadhouse (NASDAQ:TXRH) last posted its quarterly earnings data on Monday, July 31st. The restaurant operator reported $0.53 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.53. The firm had revenue of $566.30 million for 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%. The business’s revenue for the quarter was up 11.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.47 EPS. On average, equities research analysts expect that Texas Roadhouse will post $1.93 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Friday, September 29th. Investors of record on Wednesday, September 13th were paid a $0.21 dividend. The ex-dividend date of this dividend was Tuesday, September 12th. This represents a $0.84 annualized dividend and a dividend yield of 1.68%. Texas Roadhouse’s payout ratio is 50.60%.
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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