Somewhat Positive Press Coverage Somewhat Unlikely to Affect Texas Roadhouse (NASDAQ:TXRH) Stock Price

Media headlines about Texas Roadhouse (NASDAQ:TXRH) have trended somewhat positive this week, Accern Sentiment reports. The research firm ranks the sentiment of press coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Texas Roadhouse earned a news sentiment score of 0.09 on Accern’s scale. Accern also gave news coverage about the restaurant operator an impact score of 47.8154135386518 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.

These are some of the media stories that may have effected Accern Sentiment Analysis’s scoring:

Shares of NASDAQ:TXRH traded up $0.90 during midday trading on Thursday, reaching $60.51. 725,928 shares of the company traded hands, compared to its average volume of 791,679. The firm has a market cap of $4,177.83, a price-to-earnings ratio of 30.72, a PEG ratio of 1.96 and a beta of 0.59. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.73 and a current ratio of 0.78. Texas Roadhouse has a 12 month low of $43.87 and a 12 month high of $60.74.

Texas Roadhouse (NASDAQ:TXRH) last issued its earnings results on Tuesday, February 20th. The restaurant operator reported $0.40 earnings per share for the quarter, beating the 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 company had revenue of $545.10 million during the quarter, compared to analysts’ expectations of $545.24 million. During the same period in the prior year, the business posted $0.29 EPS. Texas Roadhouse’s quarterly revenue was up 12.5% compared to the same quarter last year. equities analysts predict that Texas Roadhouse will post 2.35 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Thursday, March 29th. Stockholders of record on Wednesday, March 14th were given a $0.25 dividend. The ex-dividend date of this dividend was Tuesday, March 13th. This represents a $1.00 annualized dividend and a dividend yield of 1.65%. This is a positive change from Texas Roadhouse’s previous quarterly dividend of $0.21. Texas Roadhouse’s dividend payout ratio is currently 50.76%.

A number of equities analysts have recently issued reports on TXRH shares. Zacks Investment Research downgraded Texas Roadhouse from a “hold” rating to a “sell” rating in a research report on Saturday, January 6th. Jefferies Group upgraded Texas Roadhouse from an “underperform” rating to a “hold” rating and raised their price objective for the stock from $41.00 to $50.00 in a research report on Saturday, December 30th. Telsey Advisory Group raised their price objective on Texas Roadhouse from $54.00 to $58.00 and gave the stock a “market perform” rating in a research report on Thursday, December 21st. Wells Fargo reiterated a “market perform” rating and issued a $52.00 target price (up from $47.00) on shares of Texas Roadhouse in a report on Tuesday, February 13th. Finally, BTIG Research lifted their target price on Texas Roadhouse to $67.00 and gave the stock a “reduce” rating in a report on Tuesday, January 16th. One research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and eleven have given a buy rating to the company’s stock. Texas Roadhouse currently has an average rating of “Hold” and an average target price of $58.67.

In related news, Director James R. Zarley sold 10,900 shares of the firm’s stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $56.82, for a total transaction of $619,338.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, General Counsel Celia Catlett sold 6,337 shares of the firm’s stock in a transaction that occurred on Monday, January 8th. The shares were sold at an average price of $56.11, for a total value of $355,569.07. Following the transaction, the general counsel now directly owns 26,337 shares of the company’s stock, valued at approximately $1,477,769.07. The disclosure for this sale can be found here. Insiders sold a total of 64,418 shares of company stock valued at $3,671,645 in the last three months. Corporate insiders own 7.40% 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.

Insider Buying and Selling by Quarter for Texas Roadhouse (NASDAQ:TXRH)

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