Texas Roadhouse Inc. (NASDAQ:TXRH) – Analysts at KeyCorp reduced their FY2016 earnings per share (EPS) estimates for shares of Texas Roadhouse in a research report issued to clients and investors on Wednesday. KeyCorp analyst C. O’cull now anticipates that the firm will earn $1.79 per share for the year, down from their prior forecast of $1.81. KeyCorp currently has a “Buy” rating and a $50.00 target price on the stock.
A number of other equities analysts have also recently weighed in on TXRH. RBC Capital Markets reaffirmed a “sector perform” rating and set a $46.00 price objective (up previously from $44.00) on shares of Texas Roadhouse in a research report on Tuesday, August 2nd. Credit Suisse Group AG reaffirmed a “hold” rating and set a $42.00 price objective on shares of Texas Roadhouse in a research report on Tuesday, August 2nd. BTIG Research reaffirmed a “neutral” rating on shares of Texas Roadhouse in a research report on Tuesday, August 2nd. Zacks Investment Research cut shares of Texas Roadhouse from a “hold” rating to a “sell” rating in a research report on Tuesday, July 19th. Finally, Buckingham Research assumed coverage on shares of Texas Roadhouse in a research report on Thursday, June 16th. They set a “neutral” rating and a $47.00 price objective for the company. Two research analysts have rated the stock with a sell rating, eighteen have issued a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $43.78.
Shares of Texas Roadhouse (NASDAQ:TXRH) opened at 38.68 on Monday. Texas Roadhouse has a one year low of $33.06 and a one year high of $49.00. The stock has a market capitalization of $2.72 billion, a price-to-earnings ratio of 24.33 and a beta of 0.54. The stock’s 50 day moving average is $43.53 and its 200-day moving average is $44.31.
Texas Roadhouse (NASDAQ:TXRH) last announced its quarterly earnings data on Monday, August 1st. The company reported $0.47 earnings per share for the quarter, beating analysts’ consensus estimates of $0.45 by $0.02. The firm had revenue of $509 million for the quarter, compared to analyst estimates of $509.80 million. Texas Roadhouse had a net margin of 5.88% and a return on equity of 16.78%. The business’s quarterly revenue was up 11.9% compared to the same quarter last year. During the same period in the previous year, the company earned $0.30 earnings per share.
The company also recently disclosed a quarterly dividend, which was paid on Friday, September 30th. Stockholders of record on Wednesday, September 14th were issued a $0.19 dividend. The ex-dividend date of this dividend was Monday, September 12th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.96%. Texas Roadhouse’s payout ratio is 48.10%.
In other news, CEO Wayne Kent Taylor sold 150,000 shares of the firm’s stock in a transaction on Thursday, August 18th. The shares were sold at an average price of $46.03, for a total value of $6,904,500.00. Following the sale, the chief executive officer now directly owns 4,363,261 shares in the company, valued at approximately $200,840,903.83. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director James R. Zarley acquired 23,800 shares of Texas Roadhouse stock in a transaction dated Wednesday, August 3rd. The stock was purchased at an average price of $42.23 per share, for a total transaction of $1,005,074.00. Following the completion of the acquisition, the director now directly owns 104,000 shares in the company, valued at approximately $4,391,920. The disclosure for this purchase can be found here. 7.40% of the stock is currently owned by insiders.
Large investors have recently made changes to their positions in the stock. Van Hulzen Asset Management LLC purchased a new stake in shares of Texas Roadhouse during the second quarter worth $102,000. Advisor Group Inc. purchased a new stake in shares of Texas Roadhouse during the second quarter worth $102,000. Creative Planning raised its stake in shares of Texas Roadhouse by 31.2% in the second quarter. Creative Planning now owns 2,481 shares of the company’s stock valued at $113,000 after buying an additional 590 shares in the last quarter. IFP Advisors Inc raised its stake in shares of Texas Roadhouse by 24.0% in the first quarter. IFP Advisors Inc now owns 2,908 shares of the company’s stock valued at $127,000 after buying an additional 563 shares in the last quarter. Finally, Victory Capital Management Inc. raised its stake in shares of Texas Roadhouse by 22.4% in the second quarter. Victory Capital Management Inc. now owns 3,347 shares of the company’s stock valued at $153,000 after buying an additional 613 shares in the last quarter. Institutional investors and hedge funds own 88.84% of the company’s stock.
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 hand-cut daily on the premises and cooked to order over open grills. In addition to steaks, the Company also offers its guests a selection of ribs, fish, seafood, chicken, pork chops, pulled pork and vegetable plates, and an assortment of hamburgers, salads and sandwiches.
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