Texas Roadhouse (TXRH) Stock Rating Upgraded by Jefferies Group
Jefferies Group upgraded shares of Texas Roadhouse (NASDAQ:TXRH) from an underperform rating to a hold rating in a report published on Friday morning, Marketbeat reports. The firm currently has $50.00 price objective on the restaurant operator’s stock, up from their prior price objective of $41.00. Jefferies Group also issued estimates for Texas Roadhouse’s FY2019 earnings at $2.31 EPS.
Other research analysts have also issued reports about the company. Robert W. Baird reiterated a buy rating and issued a $56.00 price objective on shares of Texas Roadhouse in a research report on Tuesday, September 19th. Stifel Nicolaus assumed coverage on Texas Roadhouse in a research report on Monday, October 2nd. They issued a buy rating and a $55.00 price objective for the company. BMO Capital Markets lowered their price objective 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. Oppenheimer reiterated a hold rating on shares of Texas Roadhouse in a research report on Tuesday, October 31st. Finally, BidaskClub upgraded Texas Roadhouse from a sell rating to a hold rating in a research report on Friday. One research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and eight have issued a buy rating to the stock. Texas Roadhouse currently has a consensus rating of Hold and an average price target of $51.79.
Shares of Texas Roadhouse (NASDAQ:TXRH) opened at $54.18 on Friday. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.69 and a quick ratio of 0.63. The stock has a market capitalization of $3,850.00, a P/E ratio of 31.32, a PEG ratio of 2.26 and a beta of 0.52. Texas Roadhouse has a 52-week low of $40.28 and a 52-week high of $55.99.
Texas Roadhouse (NASDAQ:TXRH) last issued its quarterly earnings data on Monday, October 30th. The restaurant operator reported $0.43 earnings per share for the quarter, hitting the consensus estimate of $0.43. The company had revenue of $540.50 million during the quarter, compared to analyst estimates 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 for the quarter was up 12.2% compared to the same quarter last year. During the same period in the prior year, the business posted $0.36 earnings per share. sell-side analysts predict that Texas Roadhouse will post 1.93 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Wednesday, December 13th will be paid a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 1.55%. The ex-dividend date of this dividend is Tuesday, December 12th. Texas Roadhouse’s dividend payout ratio (DPR) is 48.55%.
In other Texas Roadhouse news, CEO Wayne Kent Taylor sold 200,000 shares of the company’s stock in a transaction 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 transaction, the chief executive officer now directly owns 3,908,231 shares in the company, valued at $199,671,521.79. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Kathy Widmer sold 1,300 shares of the stock in a transaction on Tuesday, December 12th. The shares were sold at an average price of $50.86, for a total value of $66,118.00. Following the completion of the sale, the director now owns 10,450 shares in the company, valued at $531,487. The disclosure for this sale can be found here. Insiders have sold 204,963 shares of company stock worth $10,464,850 over the last 90 days. 7.40% of the stock is owned by insiders.
Hedge funds and other institutional investors have recently made changes to their positions in the company. Strs Ohio raised its stake in shares of Texas Roadhouse by 13.0% in the second quarter. Strs Ohio now owns 7,800 shares of the restaurant operator’s stock valued at $397,000 after acquiring an additional 900 shares in the last quarter. The Manufacturers Life Insurance Company raised its stake in shares of Texas Roadhouse by 1.8% in the second quarter. The Manufacturers Life Insurance Company now owns 144,517 shares of the restaurant operator’s stock valued at $7,363,000 after acquiring an additional 2,531 shares in the last quarter. Eaton Vance Management raised its stake in shares of Texas Roadhouse by 122.1% in the second quarter. Eaton Vance Management now owns 378,905 shares of the restaurant operator’s stock valued at $19,305,000 after acquiring an additional 208,290 shares in the last quarter. AHL Partners LLP raised its stake in shares of Texas Roadhouse by 87.9% in the second quarter. AHL Partners LLP now owns 126,695 shares of the restaurant operator’s stock valued at $6,455,000 after acquiring an additional 59,260 shares in the last quarter. Finally, Advisor Group Inc. raised its stake in shares of Texas Roadhouse by 26.8% in the second quarter. Advisor Group Inc. now owns 2,808 shares of the restaurant operator’s stock valued at $143,000 after acquiring an additional 593 shares in the last quarter. Institutional investors and hedge funds own 85.95% of the company’s stock.
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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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