Texas Roadhouse Inc. (NASDAQ:TXRH) – Investment analysts at KeyCorp lowered their Q4 2016 EPS estimates for shares of Texas Roadhouse in a research note issued on Wednesday. KeyCorp analyst C. O’cull now forecasts that the brokerage will earn $0.39 per share for the quarter, down from their prior forecast of $0.41. KeyCorp has a “Buy” rating and a $50.00 price objective on the stock. KeyCorp also issued estimates for Texas Roadhouse’s FY2017 earnings at $2.03 EPS.
Texas Roadhouse (NASDAQ:TXRH) last issued its quarterly earnings results on Monday, August 1st. The company reported $0.47 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.45 by $0.02. Texas Roadhouse had a return on equity of 16.78% and a net margin of 5.88%. The firm earned $509 million during the quarter, compared to analyst estimates of $509.80 million. During the same period last year, the company earned $0.30 EPS. Texas Roadhouse’s quarterly revenue was up 11.9% compared to the same quarter last year.
A number of other equities analysts have also recently weighed in on TXRH. RBC Capital Markets reaffirmed a “sector perform” rating and issued a $46.00 price target (up previously from $44.00) on shares of Texas Roadhouse in a report on Tuesday, August 2nd. Credit Suisse Group AG reaffirmed a “hold” rating and issued a $42.00 price target on shares of Texas Roadhouse in a report on Tuesday, August 2nd. BTIG Research reaffirmed a “neutral” rating on shares of Texas Roadhouse in a report on Tuesday, August 2nd. Zacks Investment Research cut Texas Roadhouse from a “hold” rating to a “sell” rating in a report on Tuesday, July 19th. Finally, Buckingham Research assumed coverage on Texas Roadhouse in a report on Thursday, June 16th. They issued a “neutral” rating and a $47.00 price target for the company. Two investment analysts have rated the stock with a sell rating, eighteen have given a hold rating and three have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $43.78.
Shares of Texas Roadhouse (NASDAQ:TXRH) traded up 0.54% during midday trading on Friday, hitting $39.02. The company had a trading volume of 508,033 shares. The company has a market capitalization of $2.75 billion, a PE ratio of 24.54 and a beta of 0.57. The company has a 50-day moving average of $43.93 and a 200-day moving average of $44.33. Texas Roadhouse has a 12 month low of $33.06 and a 12 month high of $49.00.
The company also recently declared a quarterly dividend, which will be paid on Friday, September 30th. Shareholders of record on Wednesday, September 14th will be paid a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 1.96%. The ex-dividend date is Monday, September 12th. Texas Roadhouse’s dividend payout ratio (DPR) is 48.10%.
In other Texas Roadhouse news, CEO Wayne Kent Taylor sold 150,000 shares of the company’s stock in a transaction on Thursday, August 18th. The stock was sold at an average price of $46.03, for a total transaction of $6,904,500.00. Following the transaction, the chief executive officer now directly owns 4,363,261 shares in the company, valued at $200,840,903.83. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director James R. Zarley purchased 23,800 shares of the firm’s stock in a transaction on Wednesday, August 3rd. The shares were purchased at an average price of $42.23 per share, for a total transaction of $1,005,074.00. Following the completion of the purchase, the director now directly owns 104,000 shares of the company’s stock, valued at $4,391,920. The disclosure for this purchase can be found here. Company insiders own 7.40% of the company’s stock.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in TXRH. Van Hulzen Asset Management LLC purchased a new position in Texas Roadhouse during the second quarter worth approximately $102,000. Advisor Group Inc. bought a new stake in shares of Texas Roadhouse during the second quarter valued at about $102,000. Creative Planning boosted 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 during the last quarter. IFP Advisors Inc boosted 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 during the last quarter. Finally, Victory Capital Management Inc. boosted 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 during the last quarter. Institutional investors own 88.84% of the company’s stock.
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 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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