Shares of Texas Roadhouse Inc (NASDAQ:TXRH) have received a consensus rating of “Hold” from the twenty-three brokerages that are currently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and nine have given a buy rating to the company. The average 12-month price objective among analysts that have covered the stock in the last year is $58.00.
Several equities research analysts have weighed in on TXRH shares. Zacks Investment Research downgraded Texas Roadhouse from a “hold” rating to a “sell” rating in a report on Saturday, January 6th. Telsey Advisory Group restated a “market perform” rating and set a $64.00 price target (up previously from $58.00) on shares of Texas Roadhouse in a report on Thursday, February 15th. Jefferies Group restated a “hold” rating and set a $53.00 price target on shares of Texas Roadhouse in a report on Friday, February 23rd. JPMorgan Chase & Co. restated a “neutral” rating and set a $54.00 price target (down previously from $55.00) on shares of Texas Roadhouse in a report on Wednesday, February 21st. Finally, Maxim Group restated a “buy” rating and set a $67.00 price target (up previously from $65.00) on shares of Texas Roadhouse in a report on Wednesday, February 21st.
Shares of Texas Roadhouse (TXRH) opened at $59.04 on Friday. The company has a current ratio of 0.78, a quick ratio of 0.73 and a debt-to-equity ratio of 0.06. Texas Roadhouse has a 1-year low of $40.28 and a 1-year high of $60.43. The firm has a market capitalization of $4,163.56, a PE ratio of 29.62, a price-to-earnings-growth ratio of 1.95 and a beta of 0.64.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 29th. Stockholders of record on Wednesday, March 14th will be issued a $0.25 dividend. The ex-dividend date is Tuesday, March 13th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.69%. This is an increase from Texas Roadhouse’s previous quarterly dividend of $0.21. Texas Roadhouse’s dividend payout ratio is presently 45.65%.
In other news, insider S. Chris Jacobsen sold 2,500 shares of the stock in a transaction dated Tuesday, January 9th. The stock was sold at an average price of $56.50, for a total value of $141,250.00. Following the transaction, the insider now owns 25,184 shares in the company, valued at approximately $1,422,896. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director James R. Zarley sold 10,900 shares of the stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $56.82, for a total value of $619,338.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 56,418 shares of company stock worth $3,219,565. Company insiders own 6.60% of the company’s stock.
A number of large investors have recently added to or reduced their stakes in the stock. Meadow Creek Investment Management LLC grew its stake in Texas Roadhouse by 23.8% during the 4th quarter. Meadow Creek Investment Management LLC now owns 4,576 shares of the restaurant operator’s stock worth $241,000 after buying an additional 880 shares during the last quarter. Van Hulzen Asset Management LLC grew its stake in Texas Roadhouse by 27.3% during the 3rd quarter. Van Hulzen Asset Management LLC now owns 5,135 shares of the restaurant operator’s stock worth $252,000 after buying an additional 1,100 shares during the last quarter. Retirement Systems of Alabama grew its stake in Texas Roadhouse by 1.3% during the 3rd quarter. Retirement Systems of Alabama now owns 84,319 shares of the restaurant operator’s stock worth $4,143,000 after buying an additional 1,116 shares during the last quarter. Advisor Group Inc. grew its stake in Texas Roadhouse by 26.1% during the 4th quarter. Advisor Group Inc. now owns 5,912 shares of the restaurant operator’s stock worth $312,000 after buying an additional 1,222 shares during the last quarter. Finally, Eagle Asset Management Inc. grew its stake in Texas Roadhouse by 1.0% during the 4th quarter. Eagle Asset Management Inc. now owns 123,601 shares of the restaurant operator’s stock worth $6,602,000 after buying an additional 1,255 shares during the last quarter. Hedge funds and other institutional investors own 87.72% of the company’s stock.
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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.
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