Shares of Texas Roadhouse Inc (NASDAQ:TXRH) have been assigned a consensus recommendation of “Hold” from the twenty-three ratings firms that are covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, thirteen have assigned a hold recommendation and nine have given a buy recommendation to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $58.00.
A number of analysts have commented on TXRH shares. Zacks Investment Research raised shares of Texas Roadhouse from a “hold” rating to a “buy” rating and set a $67.00 price objective for the company in a research note on Wednesday, January 31st. Maxim Group reaffirmed a “buy” rating and set a $65.00 price objective (up from $60.00) on shares of Texas Roadhouse in a research note on Wednesday, January 24th. BMO Capital Markets set a $60.00 price objective on shares of Texas Roadhouse and gave the company a “buy” rating in a research note on Wednesday, February 21st. Morgan Stanley reaffirmed an “equal weight” rating and set a $55.00 price objective (down from $57.00) on shares of Texas Roadhouse in a research note on Wednesday, February 21st. Finally, Jefferies Group raised shares of Texas Roadhouse from an “underperform” rating to a “hold” rating and upped their price objective for the company from $41.00 to $50.00 in a research note on Saturday, December 30th.
In related news, CFO Scott Matthew Colosi sold 22,403 shares of the stock in a transaction that occurred on Tuesday, January 9th. The stock was 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 in the company, valued at $5,472,073.53. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider S. Chris Jacobsen sold 2,500 shares of the stock in a transaction that occurred on Tuesday, January 9th. The stock was sold at an average price of $56.50, for a total value of $141,250.00. Following the completion of the transaction, the insider now owns 25,184 shares in the company, valued at approximately $1,422,896. The disclosure for this sale can be found here. Insiders sold 57,718 shares of company stock valued at $3,285,683 over the last three months. 7.40% of the stock is owned by insiders.
Texas Roadhouse (NASDAQ:TXRH) traded up $0.52 during mid-day trading on Friday, reaching $58.35. 716,428 shares of the company’s stock were exchanged, compared to its average volume of 950,270. The company has a quick ratio of 0.73, a current ratio of 0.78 and a debt-to-equity ratio of 0.06. Texas Roadhouse has a 52 week low of $40.28 and a 52 week high of $60.43. The stock has a market capitalization of $4,126.46, a price-to-earnings ratio of 31.71, a PEG ratio of 1.94 and a beta of 0.64.
Texas Roadhouse (NASDAQ:TXRH) last posted its quarterly earnings data on Tuesday, February 20th. The restaurant operator reported $0.40 EPS for the quarter, beating analysts’ consensus estimates of $0.37 by $0.03. Texas Roadhouse had a net margin of 5.93% and a return on equity of 17.20%. The company had revenue of $545.10 million during the quarter, compared to analyst estimates of $545.24 million. During the same period in the prior year, the firm earned $0.29 earnings per share. The business’s quarterly revenue was up 12.5% on a year-over-year basis. analysts forecast that Texas Roadhouse will post 2.36 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, March 29th. Stockholders of record on Wednesday, March 14th will be given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.71%. This is a positive change from Texas Roadhouse’s previous quarterly dividend of $0.21. The ex-dividend date of this dividend is Tuesday, March 13th. Texas Roadhouse’s dividend payout ratio is 45.65%.
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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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