Somewhat Favorable Press Coverage Somewhat Unlikely to Impact Texas Roadhouse (TXRH) Stock Price

Headlines about Texas Roadhouse (NASDAQ:TXRH) have trended somewhat positive on Saturday, Accern Sentiment Analysis reports. Accern identifies negative and positive press coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Texas Roadhouse earned a news impact score of 0.13 on Accern’s scale. Accern also gave news stories about the restaurant operator an impact score of 45.9351195709784 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.

These are some of the news stories that may have impacted Accern’s analysis:

Shares of Texas Roadhouse (NASDAQ:TXRH) traded up $0.47 during midday trading on Friday, hitting $52.09. 1,031,463 shares of the stock traded hands, compared to its average volume of 575,772. Texas Roadhouse has a 1-year low of $40.28 and a 1-year high of $53.61. The firm has a market capitalization of $3,670.49, a price-to-earnings ratio of 27.75, a price-to-earnings-growth ratio of 2.11 and a beta of 0.52. The company has a current ratio of 0.69, a quick ratio of 0.63 and a debt-to-equity ratio of 0.06.

Texas Roadhouse (NASDAQ:TXRH) last announced its earnings results on Monday, October 30th. The restaurant operator reported $0.43 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.43. Texas Roadhouse had a net margin of 5.73% and a return on equity of 16.71%. The business had revenue of $540.50 million for the quarter, compared to analyst estimates of $538.15 million. During the same quarter last year, the business earned $0.36 earnings per share. The company’s revenue for the quarter was up 12.2% compared to the same quarter last year. equities analysts expect that Texas Roadhouse will post 1.93 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Wednesday, December 13th will be given a $0.21 dividend. The ex-dividend date of this dividend is Tuesday, December 12th. This represents a $0.84 annualized dividend and a dividend yield of 1.61%. Texas Roadhouse’s dividend payout ratio (DPR) is 48.56%.

Several research analysts recently issued reports on the stock. Robert W. Baird reissued a “buy” rating and set a $56.00 target price on shares of Texas Roadhouse in a report on Tuesday, September 19th. Stifel Nicolaus assumed coverage on shares of Texas Roadhouse in a report on Monday, October 2nd. They set a “buy” rating and a $55.00 target price for the company. BMO Capital Markets reduced their target price on shares of Texas Roadhouse from $58.00 to $57.00 and set an “outperform” rating for the company in a report on Tuesday, October 31st. Oppenheimer reissued a “hold” rating on shares of Texas Roadhouse in a report on Tuesday, October 31st. Finally, Zacks Investment Research cut shares of Texas Roadhouse from a “hold” rating to a “sell” rating in a report on Tuesday, October 17th. Three equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and eight have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $51.05.

In other news, Director Kathy Widmer sold 2,000 shares of the firm’s stock in a transaction dated Thursday, September 21st. The shares were sold at an average price of $47.95, for a total value of $95,900.00. Following the transaction, the director now directly owns 11,750 shares of the company’s stock, valued at $563,412.50. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, General Counsel Celia Catlett sold 3,663 shares of the firm’s stock in a transaction dated Monday, November 13th. The stock was sold at an average price of $49.34, for a total transaction of $180,732.42. The disclosure for this sale can be found here. In the last quarter, insiders sold 206,963 shares of company stock worth $10,560,750. Company 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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