Headlines about Texas Roadhouse (NASDAQ:TXRH) have trended somewhat positive this week, according to Accern Sentiment Analysis. Accern identifies positive and negative media coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Texas Roadhouse earned a media sentiment score of 0.09 on Accern’s scale. Accern also assigned press coverage about the restaurant operator an impact score of 47.8154135386518 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
These are some of the media headlines that may have effected Accern’s scoring:
- EX-Dividend Schedule: Texas Roadhouse Announced a 19% Dividend Hike; Will Trade Ex-Dividend on March 13, 2018 (finance.yahoo.com)
- Texas Roadhouse Inc (TXRH) Receives Consensus Rating of “Hold” from Analysts (americanbankingnews.com)
- Is Texas Roadhouse Inc (NASDAQ:TXRH) A Financially Sound Company? (finance.yahoo.com)
- Texas Roadhouse (TXRH) Cut to Hold at Zacks Investment Research (americanbankingnews.com)
A number of research firms have recently issued reports on TXRH. BTIG Research increased their target price on Texas Roadhouse to $67.00 and gave the company a “reduce” rating in a report on Tuesday, January 16th. Maxim Group restated a “buy” rating and issued a $65.00 target price (up previously from $60.00) on shares of Texas Roadhouse in a report on Wednesday, January 24th. Barclays increased their target price on Texas Roadhouse from $62.00 to $63.00 and gave the company an “overweight” rating in a report on Wednesday, January 24th. Telsey Advisory Group restated a “market perform” rating and issued a $64.00 target price (up previously from $58.00) on shares of Texas Roadhouse in a report on Thursday, February 15th. Finally, Stephens increased their target price on Texas Roadhouse to $62.00 and gave the company an “overweight” rating in a report on Wednesday, February 21st. One analyst has rated the stock with a sell rating, thirteen have issued a hold rating and nine have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $58.45.
Texas Roadhouse (NASDAQ:TXRH) last announced its quarterly earnings data on Tuesday, February 20th. The restaurant operator reported $0.40 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.37 by $0.03. Texas Roadhouse had a return on equity of 17.20% and a net margin of 5.93%. The business had revenue of $545.10 million during the quarter, compared to analyst estimates of $545.24 million. During the same period last year, the company earned $0.29 earnings per share. Texas Roadhouse’s quarterly revenue was up 12.5% compared to the same quarter last year. analysts predict that Texas Roadhouse will post 2.36 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 29th. Investors of record on Wednesday, March 14th will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 1.71%. This is a positive change from Texas Roadhouse’s previous quarterly dividend of $0.21. The ex-dividend date is Tuesday, March 13th. Texas Roadhouse’s dividend payout ratio (DPR) is currently 45.65%.
In related news, insider S. Chris Jacobsen sold 1,000 shares of the stock in a transaction on Friday, January 12th. The stock was sold at an average price of $57.96, for a total transaction of $57,960.00. Following the completion of the sale, the insider now directly owns 18,033 shares in the company, valued at $1,045,192.68. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, General Counsel Celia Catlett sold 6,337 shares of the stock in a transaction on Monday, January 8th. The stock was sold at an average price of $56.11, for a total value of $355,569.07. Following the sale, the general counsel now owns 26,337 shares of the company’s stock, valued at $1,477,769.07. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 56,418 shares of company stock valued at $3,219,565. 6.60% of the stock is owned by corporate insiders.
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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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