BidaskClub Lowers Texas Roadhouse, Inc. (TXRH) to Buy
BidaskClub downgraded shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) from a strong-buy rating to a buy rating in a research report sent to investors on Saturday morning.
Other equities analysts have also issued research reports about the stock. Buckingham Research dropped their price objective on shares of Texas Roadhouse to $37.00 in a report on Wednesday, February 22nd. Maxim Group reiterated a buy rating and set a $52.00 price objective (down previously from $56.00) on shares of Texas Roadhouse in a report on Wednesday, February 22nd. BTIG Research upgraded shares of Texas Roadhouse from a neutral rating to a buy rating and set a $50.00 price objective on the stock in a report on Friday, March 17th. Morgan Stanley upped their price objective on shares of Texas Roadhouse from $49.00 to $50.00 and gave the company an equal weight rating in a report on Tuesday, May 2nd. Finally, Canaccord Genuity reiterated a hold rating and set a $42.00 price objective on shares of Texas Roadhouse in a report on Thursday, March 2nd. One analyst has rated the stock with a sell rating, twelve have given a hold rating and seven have given a buy rating to the stock. Texas Roadhouse currently has an average rating of Hold and a consensus price target of $48.47.
Texas Roadhouse (TXRH) traded down 0.20% during trading on Friday, reaching $49.32. The company’s stock had a trading volume of 787,586 shares. The company has a market cap of $3.50 billion, a P/E ratio of 30.61 and a beta of 0.55. Texas Roadhouse has a 12 month low of $37.23 and a 12 month high of $51.85. The stock’s 50-day moving average is $49.36 and its 200 day moving average is $46.75.
Texas Roadhouse (NASDAQ:TXRH) last released its earnings results on Monday, May 1st. The restaurant operator reported $0.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.58 by $0.03. The business had revenue of $567.70 million for the quarter, compared to analyst estimates of $560.74 million. Texas Roadhouse had a net margin of 5.60% and a return on equity of 16.42%. Texas Roadhouse’s revenue for the quarter was up 10.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.50 earnings per share. On average, equities analysts forecast that Texas Roadhouse will post $1.92 EPS for the current fiscal year.
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The firm also recently announced a quarterly dividend, which will be paid on Friday, June 30th. Investors of record on Wednesday, June 14th will be issued a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 1.70%. The ex-dividend date of this dividend is Monday, June 12th. Texas Roadhouse’s dividend payout ratio is currently 52.50%.
In related news, Director Kathy Widmer sold 4,800 shares of the stock in a transaction on Monday, March 27th. The shares were sold at an average price of $43.17, for a total transaction of $207,216.00. Following the transaction, the director now owns 18,950 shares of the company’s stock, valued at approximately $818,071.50. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider S. Chris Jacobsen sold 3,500 shares of the stock in a transaction on Wednesday, May 3rd. The shares were sold at an average price of $51.29, for a total transaction of $179,515.00. Following the transaction, the insider now directly owns 17,684 shares in the company, valued at approximately $907,012.36. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 30,337 shares of company stock worth $1,482,533. 7.40% of the stock is owned by insiders.
Several institutional investors have recently added to or reduced their stakes in TXRH. Northwestern Mutual Investment Management Company LLC raised its stake in shares of Texas Roadhouse by 0.3% in the first quarter. Northwestern Mutual Investment Management Company LLC now owns 11,092 shares of the restaurant operator’s stock worth $494,000 after buying an additional 32 shares during the period. PNC Financial Services Group Inc. raised its stake in shares of Texas Roadhouse by 0.3% in the first quarter. PNC Financial Services Group Inc. now owns 27,680 shares of the restaurant operator’s stock worth $1,232,000 after buying an additional 78 shares during the period. Genesee Valley Trust Co. raised its stake in shares of Texas Roadhouse by 1.6% in the first quarter. Genesee Valley Trust Co. now owns 7,457 shares of the restaurant operator’s stock worth $332,000 after buying an additional 121 shares during the period. Public Employees Retirement System of Ohio raised its stake in shares of Texas Roadhouse by 4.3% in the first quarter. Public Employees Retirement System of Ohio now owns 3,393 shares of the restaurant operator’s stock worth $151,000 after buying an additional 141 shares during the period. Finally, Profund Advisors LLC raised its stake in shares of Texas Roadhouse by 1.5% in the first quarter. Profund Advisors LLC now owns 11,734 shares of the restaurant operator’s stock worth $523,000 after buying an additional 171 shares during the period. 88.80% of the stock is currently owned by institutional investors.
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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