Somewhat Favorable Media Coverage Somewhat Unlikely to Affect Texas Roadhouse (TXRH) Stock Price
Media coverage about Texas Roadhouse (NASDAQ:TXRH) has been trending somewhat positive on Monday, Accern Sentiment reports. Accern identifies negative and positive press coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Texas Roadhouse earned a news impact score of 0.21 on Accern’s scale. Accern also gave news articles about the restaurant operator an impact score of 45.4097661231599 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
Here are some of the media stories that may have effected Accern’s rankings:
- Texas Roadhouse, Inc. to Announce Fourth Quarter Earnings on February 20, 2018 (finance.yahoo.com)
- Steady as She Goes: Valuation Update on Texas Roadhouse, Inc. (NasdaqGS:TXRH) as EV Reaches 4130606 – SCY News (scynews.com)
- EPS for Texas Roadhouse, Inc. (TXRH) Expected At $0.36; Highvista Strategies Has Increased Energen (EGN) Stake – Hill Country Times (hillcountrytimes.com)
- Texas Roadhouse Inc (TXRH) Given Consensus Rating of “Hold” by Brokerages (americanbankingnews.com)
- Comparing Texas Roadhouse (TXRH) & Chanticleer (BURG) (americanbankingnews.com)
A number of brokerages have weighed in on TXRH. BTIG Research boosted their target price on Texas Roadhouse to $67.00 and gave the stock a “reduce” rating in a research report on Tuesday, January 16th. BMO Capital Markets decreased their target price on Texas Roadhouse from $58.00 to $57.00 and set an “outperform” rating for the company in a research report on Tuesday, October 31st. Robert W. Baird reissued a “buy” rating and issued a $56.00 target price on shares of Texas Roadhouse in a research report on Friday, October 20th. Stifel Nicolaus initiated coverage on Texas Roadhouse in a research report on Monday, October 2nd. They issued a “buy” rating and a $55.00 target price for the company. Finally, Oppenheimer reaffirmed a “hold” rating on shares of Texas Roadhouse in a research report on Tuesday, October 31st. Two analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and eight have issued a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $53.75.
Texas Roadhouse (NASDAQ:TXRH) last announced its quarterly earnings data on Monday, October 30th. The restaurant operator reported $0.43 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.43. The company had revenue of $540.50 million during the quarter, compared to the consensus estimate of $538.15 million. Texas Roadhouse had a return on equity of 16.71% and a net margin of 5.73%. The firm’s revenue was up 12.2% on a year-over-year basis. During the same period in the previous year, the company posted $0.36 EPS. research analysts predict that Texas Roadhouse will post 1.93 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, December 29th. Investors of record on Wednesday, December 13th were paid a dividend of $0.21 per share. The ex-dividend date of this dividend was Tuesday, December 12th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.45%. Texas Roadhouse’s dividend payout ratio (DPR) is presently 48.55%.
In related news, CEO Wayne Kent Taylor sold 200,000 shares of the business’s stock in a transaction that occurred on Thursday, December 7th. The stock was sold at an average price of $51.09, for a total transaction of $10,218,000.00. Following the completion of the transaction, the chief executive officer now directly owns 3,908,231 shares in the company, valued at approximately $199,671,521.79. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO Scott Matthew Colosi sold 22,403 shares of the business’s stock in a transaction that occurred on Tuesday, January 9th. The shares were sold at an average price of $56.43, for a total value of $1,264,201.29. Following the transaction, the chief financial officer now owns 96,971 shares of the company’s stock, valued at $5,472,073.53. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 237,203 shares of company stock valued at $12,283,831. 6.60% of the stock is currently owned by corporate insiders.
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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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