Equities research analysts at Barclays upped their price objective on shares of Texas Roadhouse (NASDAQ:TXRH) from $27.00 to $29.00 in a research note issued to investors on Wednesday, Analyst Ratings Network.com reports. The firm currently has an “overweight” rating on the stock. Barclays’ price target points to a potential upside of 6.46% from the stock’s previous close.
Texas Roadhouse (NASDAQ:TXRH) traded up 1.03% during mid-day trading on Wednesday, hitting $27.52. 209,154 shares of the company’s stock traded hands. Texas Roadhouse has a 1-year low of $15.72 and a 1-year high of $29.07. The stock has a 50-day moving average of $26.87 and a 200-day moving average of $25.33. The company has a market cap of $1.941 billion and a P/E ratio of 24.99.
Texas Roadhouse (NASDAQ:TXRH) last posted its quarterly earnings results on Monday, October 28th. The company reported $0.24 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.25 by $0.01. The company had revenue of $334.80 million for the quarter, compared to the consensus estimate of $338.63 million. During the same quarter last year, the company posted $0.25 earnings per share. On average, analysts predict that Texas Roadhouse will post $1.13 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, December 27th. Investors of record on Wednesday, December 11th will be paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 1.76%. The ex-dividend date is Monday, December 9th.
In other Texas Roadhouse news, COO Steven Ortiz unloaded 34,036 shares of the company’s stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $28.01, for a total value of $953,348.36. Following the completion of the transaction, the chief operating officer now directly owns 209,397 shares in the company, valued at approximately $5,865,210. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.
Other equities research analysts have also recently issued reports about the stock. Analysts at Raymond James reiterated a “buy” rating on shares of Texas Roadhouse in a research note to investors on Tuesday, November 12th. They now have a $31.00 price target on the stock. Separately, analysts at Wunderlich raised their price target on shares of Texas Roadhouse from $27.00 to $30.00 in a research note to investors on Tuesday, November 12th. They now have a “hold” rating on the stock. Finally, analysts at RBC Capital initiated coverage on shares of Texas Roadhouse in a research note to investors on Friday, November 8th. They set an “outperform” rating and a $32.00 price target on the stock. Seven investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $28.62.
Texas Roadhouse, Inc (NASDAQ:TXRH) is a full-service restaurant chain.
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