Texas Roadhouse (TXRH) Earns Daily Coverage Optimism Rating of 0.19

Media stories about Texas Roadhouse (NASDAQ:TXRH) have been trending somewhat positive this week, Accern Sentiment Analysis reports. The research firm rates the sentiment of news coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Texas Roadhouse earned a media sentiment score of 0.19 on Accern’s scale. Accern also assigned media stories about the restaurant operator an impact score of 46.0053466991874 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.

Here are some of the news articles that may have impacted Accern Sentiment’s rankings:

Texas Roadhouse (NASDAQ:TXRH) opened at 48.83 on Friday. The company has a market capitalization of $3.47 billion, a P/E ratio of 29.40 and a beta of 0.54. Texas Roadhouse has a one year low of $37.23 and a one year high of $51.91. The company’s 50-day moving average is $49.68 and its 200 day moving average is $47.34.

Texas Roadhouse (NASDAQ:TXRH) last released its quarterly earnings results on Monday, July 31st. The restaurant operator reported $0.53 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.53. Texas Roadhouse had a net margin of 5.63% and a return on equity of 16.49%. The business had revenue of $566.30 million for the quarter, compared to the consensus estimate of $563.23 million. During the same period in the prior year, the company posted $0.47 earnings per share. Texas Roadhouse’s revenue was up 11.3% compared to the same quarter last year. Analysts predict that Texas Roadhouse will post $1.93 EPS for the current year.

Several analysts have issued reports on TXRH shares. Maxim Group restated a “buy” rating and issued a $52.00 price target on shares of Texas Roadhouse in a research report on Thursday, April 27th. Telsey Advisory Group raised their price target on shares of Texas Roadhouse from $46.00 to $54.00 and gave the stock a “market perform” rating in a research report on Tuesday, May 2nd. BMO Capital Markets restated a “hold” rating and issued a $48.00 price target (up from $41.00) on shares of Texas Roadhouse in a research report on Tuesday, May 2nd. Royal Bank Of Canada raised their price target on shares of Texas Roadhouse from $49.00 to $53.00 and gave the stock a “sector perform” rating in a research report on Tuesday, May 2nd. Finally, Barclays PLC raised their price target on shares of Texas Roadhouse from $47.00 to $53.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 2nd. Two analysts have rated the stock with a sell rating, eleven have given a hold rating and seven have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $50.11.

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In other Texas Roadhouse news, Director Kathy Widmer sold 5,200 shares of the stock in a transaction dated Wednesday, May 31st. The shares were sold at an average price of $48.97, for a total transaction of $254,644.00. Following the sale, the director now directly owns 13,750 shares in the company, valued at $673,337.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider S. Chris Jacobsen sold 2,500 shares of the stock in a transaction dated Friday, August 11th. The stock was sold at an average price of $49.25, for a total transaction of $123,125.00. Following the sale, the insider now owns 15,184 shares in the company, valued at $747,812. The disclosure for this sale can be found here. Corporate insiders own 7.40% of the company’s stock.

Texas Roadhouse Company Profile

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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