Shares of Texas Roadhouse Inc (NASDAQ:TXRH) reached a new 52-week high and low on Monday after Morgan Stanley raised their price target on the stock from $55.00 to $58.00. Morgan Stanley currently has an equal weight rating on the stock. Texas Roadhouse traded as low as $62.69 and last traded at $62.41, with a volume of 255990 shares changing hands. The stock had previously closed at $61.16.
Several other analysts have also weighed in on the company. ValuEngine raised Texas Roadhouse from a “hold” rating to a “buy” rating in a report on Sunday, April 8th. Wedbush restated a “buy” rating and issued a $64.00 price objective on shares of Texas Roadhouse in a research report on Thursday, April 5th. BidaskClub upgraded Texas Roadhouse from a “hold” rating to a “buy” rating in a research report on Friday, March 30th. Mizuho assumed coverage on Texas Roadhouse in a research report on Thursday, March 15th. They issued a “buy” rating and a $66.00 price objective on the stock. Finally, Zacks Investment Research downgraded Texas Roadhouse from a “buy” rating to a “hold” rating in a research report on Wednesday, March 7th. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and twelve have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $58.81.
In related news, Director James R. Zarley sold 10,900 shares of the stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $56.82, for a total transaction of $619,338.00. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CMO S. Chris Jacobsen sold 1,134 shares of the stock in a transaction dated Friday, January 26th. The stock was sold at an average price of $60.00, for a total value of $68,040.00. Following the transaction, the chief marketing officer now owns 16,899 shares in the company, valued at $1,013,940. The disclosure for this sale can be found here. Insiders have sold 32,178 shares of company stock worth $1,852,664 over the last quarter. 5.89% of the stock is currently owned by company insiders.
The firm has a market capitalization of $4,367.59, a P/E ratio of 31.68, a PEG ratio of 2.05 and a beta of 0.59. 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 (NASDAQ:TXRH) last released its quarterly earnings data on Tuesday, February 20th. The restaurant operator reported $0.40 EPS for the quarter, topping analysts’ consensus estimates of $0.37 by $0.03. The company had revenue of $545.10 million for the quarter, compared to the consensus estimate of $545.24 million. Texas Roadhouse had a return on equity of 17.20% and a net margin of 5.93%. The company’s quarterly revenue was up 12.5% compared to the same quarter last year. During the same period last year, the business posted $0.29 EPS. analysts forecast that Texas Roadhouse Inc will post 2.35 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 29th. Stockholders of record on Wednesday, March 14th were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.60%. This is an increase from Texas Roadhouse’s previous quarterly dividend of $0.21. The ex-dividend date of this dividend was Tuesday, March 13th. Texas Roadhouse’s dividend payout ratio (DPR) is 50.76%.
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Texas Roadhouse Company Profile
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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