TXRH has been the subject of several other reports. ValuEngine raised ZEALAND PHARMA/S from a sell rating to a hold rating in a research report on Friday, March 15th. Maxim Group set a $3.00 price target on Actinium Pharmaceuticals and gave the stock a buy rating in a research report on Tuesday, June 4th. Telsey Advisory Group reissued a market perform rating and issued a $58.00 price target (down from $65.00) on shares of Texas Roadhouse in a research report on Tuesday, April 30th. Wells Fargo & Co reissued a buy rating and issued a $157.00 price target on shares of Chubb in a research report on Tuesday, April 30th. Finally, UBS Group reissued a hold rating and issued a $7.80 price target on shares of Deutsche Bank in a research report on Friday, April 26th. Three analysts have rated the stock with a sell rating, twelve have given a hold rating and nine have issued a buy rating to the stock. Texas Roadhouse presently has an average rating of Hold and an average price target of $63.05.
Shares of TXRH stock traded up $0.20 during mid-day trading on Thursday, hitting $53.25. The stock had a trading volume of 4,128 shares, compared to its average volume of 846,651. Texas Roadhouse has a 12-month low of $50.84 and a 12-month high of $75.24. The firm has a market capitalization of $3.83 billion, a price-to-earnings ratio of 24.20, a P/E/G ratio of 2.08 and a beta of 0.61. The stock has a 50-day moving average of $53.60. The company has a quick ratio of 0.84, a current ratio of 0.89 and a debt-to-equity ratio of 0.51.
Texas Roadhouse (NASDAQ:TXRH) last released its quarterly earnings results on Monday, April 29th. The restaurant operator reported $0.70 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.82 by ($0.12). The company had revenue of $690.61 million during the quarter, compared to the consensus estimate of $693.76 million. Texas Roadhouse had a return on equity of 16.17% and a net margin of 6.11%. The company’s revenue was up 10.0% on a year-over-year basis. During the same period in the previous year, the firm posted $0.76 earnings per share. Sell-side analysts predict that Texas Roadhouse will post 2.28 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Wednesday, June 12th were given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 2.25%. The ex-dividend date was Tuesday, June 11th. Texas Roadhouse’s dividend payout ratio is currently 54.55%.
In other Texas Roadhouse news, Director James R. Zarley bought 18,900 shares of Texas Roadhouse stock in a transaction that occurred on Wednesday, May 1st. The shares were bought at an average cost of $52.51 per share, with a total value of $992,439.00. Following the transaction, the director now directly owns 113,100 shares of the company’s stock, valued at approximately $5,938,881. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 5.89% of the company’s stock.
A number of large investors have recently made changes to their positions in TXRH. Norges Bank acquired a new position in Texas Roadhouse during the 4th quarter valued at about $43,777,000. Marshall Wace LLP increased its holdings in shares of Texas Roadhouse by 377.5% in the first quarter. Marshall Wace LLP now owns 617,814 shares of the restaurant operator’s stock valued at $38,421,000 after purchasing an additional 488,417 shares during the period. Nordea Investment Management AB increased its holdings in shares of Texas Roadhouse by 33.1% in the fourth quarter. Nordea Investment Management AB now owns 966,870 shares of the restaurant operator’s stock valued at $57,722,000 after purchasing an additional 240,515 shares during the period. Neuberger Berman Group LLC increased its holdings in shares of Texas Roadhouse by 10.0% in the first quarter. Neuberger Berman Group LLC now owns 2,140,950 shares of the restaurant operator’s stock valued at $133,146,000 after purchasing an additional 195,111 shares during the period. Finally, Citigroup Inc. increased its holdings in shares of Texas Roadhouse by 1,217.8% in the first quarter. Citigroup Inc. now owns 179,833 shares of the restaurant operator’s stock valued at $11,183,000 after purchasing an additional 166,187 shares during the period. 88.08% of the stock is currently owned by institutional investors.
Texas Roadhouse Company Profile
Texas Roadhouse, Inc, together with its subsidiaries, operates casual dining restaurants in the United States and internationally. The company operates and franchises Texas Roadhouse and Bubba's 33 restaurants. As of April 29, 2019, it owned and operated approximately 590 restaurants. Texas Roadhouse, Inc was founded in 1993 and is based in Louisville, Kentucky.
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