Texas Roadhouse (TXRH) Research Coverage Started at Wedbush

Wedbush started coverage on shares of Texas Roadhouse (NASDAQ:TXRH) in a research report released on Friday, MarketBeat reports. The brokerage issued an outperform rating and a $67.00 price objective on the restaurant operator’s stock.

A number of other research analysts have also commented on the stock. Zacks Investment Research lowered shares of Texas Roadhouse from a hold rating to a sell rating in a research report on Saturday, January 6th. Jefferies Group raised shares of Texas Roadhouse from an underperform rating to a hold rating and increased their price target for the stock from $41.00 to $50.00 in a research report on Saturday, December 30th. BidaskClub raised shares of Texas Roadhouse from a sell rating to a hold rating in a research report on Friday, December 22nd. Telsey Advisory Group increased their price target on shares of Texas Roadhouse from $54.00 to $58.00 and gave the stock a market perform rating in a research report on Thursday, December 21st. Finally, Oppenheimer reissued a hold rating on shares of Texas Roadhouse in a research report on Tuesday, October 31st. One investment analyst has rated the stock with a sell rating, thirteen have issued a hold rating and nine have given a buy rating to the stock. Texas Roadhouse presently has an average rating of Hold and an average price target of $52.55.

Shares of Texas Roadhouse (NASDAQ TXRH) traded up $0.83 on Friday, hitting $58.24. The stock has a market capitalization of $4,140.00, a P/E ratio of 33.66, a price-to-earnings-growth ratio of 2.09 and a beta of 0.52. The company has a quick ratio of 0.63, a current ratio of 0.69 and a debt-to-equity ratio of 0.06. Texas Roadhouse has a 52-week low of $40.28 and a 52-week high of $58.59.

Texas Roadhouse (NASDAQ:TXRH) last announced its quarterly earnings data on Monday, October 30th. The restaurant operator reported $0.43 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.43. The business had revenue of $540.50 million during the quarter, compared to analyst estimates of $538.15 million. Texas Roadhouse had a net margin of 5.73% and a return on equity of 16.71%. The firm’s revenue for the quarter was up 12.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.36 earnings per share. research analysts anticipate that Texas Roadhouse will post 1.93 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 29th. Shareholders of record on Wednesday, December 13th were paid a dividend of $0.21 per share. The ex-dividend date of this dividend was Tuesday, December 12th. This represents a $0.84 annualized dividend and a yield of 1.44%. Texas Roadhouse’s dividend payout ratio is 48.55%.

In other Texas Roadhouse news, CEO Wayne Kent Taylor sold 200,000 shares of the company’s stock in a transaction dated Thursday, December 7th. The shares were sold at an average price of $51.09, for a total transaction of $10,218,000.00. Following the sale, the chief executive officer now directly owns 3,908,231 shares of the company’s stock, valued at $199,671,521.79. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Kathy Widmer sold 1,300 shares of the company’s stock in a transaction dated Tuesday, December 12th. The stock was sold at an average price of $50.86, for a total transaction of $66,118.00. Following the sale, the director now directly owns 10,450 shares in the company, valued at $531,487. The disclosure for this sale can be found here. Insiders have sold 236,203 shares of company stock worth $12,225,871 over the last ninety days. Insiders own 6.60% of the company’s stock.

A number of institutional investors have recently modified their holdings of TXRH. Schwab Charles Investment Management Inc. grew its stake in Texas Roadhouse by 6.8% during the second quarter. Schwab Charles Investment Management Inc. now owns 403,939 shares of the restaurant operator’s stock worth $20,581,000 after buying an additional 25,667 shares during the last quarter. Legal & General Group Plc grew its stake in shares of Texas Roadhouse by 30.6% during the second quarter. Legal & General Group Plc now owns 52,692 shares of the restaurant operator’s stock valued at $2,687,000 after purchasing an additional 12,343 shares during the last quarter. Victory Capital Management Inc. grew its stake in shares of Texas Roadhouse by 12.8% during the second quarter. Victory Capital Management Inc. now owns 4,704 shares of the restaurant operator’s stock valued at $240,000 after purchasing an additional 534 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Texas Roadhouse by 11.0% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,612 shares of the restaurant operator’s stock valued at $133,000 after purchasing an additional 258 shares during the last quarter. Finally, Principal Financial Group Inc. grew its stake in shares of Texas Roadhouse by 5.6% during the second quarter. Principal Financial Group Inc. now owns 277,284 shares of the restaurant operator’s stock valued at $14,128,000 after purchasing an additional 14,805 shares during the last quarter. 85.95% of the stock is currently owned by hedge funds and other institutional investors.

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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.

Analyst Recommendations for Texas Roadhouse (NASDAQ:TXRH)

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