Texas Roadhouse, Inc. (NASDAQ:TXRH) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) have been assigned an average recommendation of “Moderate Buy” from the twenty-three research firms that are covering the firm, Marketbeat reports. Ten analysts have rated the stock with a hold rating, eleven have given a buy rating and two have given a strong buy rating to the company. The average 1 year price target among analysts that have covered the stock in the last year is $197.2857.

A number of research firms have commented on TXRH. Sanford C. Bernstein set a $185.00 price objective on Texas Roadhouse in a research note on Wednesday, January 7th. Wells Fargo & Company increased their price objective on shares of Texas Roadhouse from $195.00 to $220.00 and gave the stock an “overweight” rating in a report on Thursday, January 22nd. Zacks Research upgraded shares of Texas Roadhouse from a “strong sell” rating to a “hold” rating in a research report on Thursday, January 8th. Wall Street Zen lowered shares of Texas Roadhouse from a “hold” rating to a “sell” rating in a research report on Saturday, January 3rd. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of Texas Roadhouse in a report on Monday, December 29th.

Insider Transactions at Texas Roadhouse

In related news, Director Hugh J. Carroll sold 1,000 shares of Texas Roadhouse stock in a transaction dated Thursday, December 4th. The stock was sold at an average price of $167.27, for a total value of $167,270.00. Following the completion of the sale, the director directly owned 1,854 shares in the company, valued at $310,118.58. This trade represents a 35.04% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Gerald L. Morgan sold 5,000 shares of the business’s stock in a transaction dated Tuesday, January 20th. The stock was sold at an average price of $196.00, for a total value of $980,000.00. Following the sale, the chief executive officer directly owned 91,774 shares of the company’s stock, valued at $17,987,704. This represents a 5.17% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 12,400 shares of company stock worth $2,320,920 over the last 90 days. 0.50% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of TXRH. Caldwell Trust Co bought a new stake in shares of Texas Roadhouse during the second quarter worth approximately $28,000. Princeton Global Asset Management LLC bought a new position in Texas Roadhouse in the fourth quarter valued at approximately $31,000. Measured Wealth Private Client Group LLC acquired a new stake in Texas Roadhouse during the 3rd quarter worth $33,000. Root Financial Partners LLC bought a new stake in shares of Texas Roadhouse during the 3rd quarter valued at $36,000. Finally, Salomon & Ludwin LLC lifted its stake in shares of Texas Roadhouse by 37.2% in the 3rd quarter. Salomon & Ludwin LLC now owns 299 shares of the restaurant operator’s stock valued at $50,000 after purchasing an additional 81 shares during the period. Institutional investors own 94.82% of the company’s stock.

Texas Roadhouse Trading Up 1.2%

NASDAQ TXRH opened at $184.02 on Friday. Texas Roadhouse has a 1-year low of $148.73 and a 1-year high of $199.99. The company has a 50 day moving average of $176.45 and a 200-day moving average of $173.68. The firm has a market cap of $12.17 billion, a price-to-earnings ratio of 28.14, a PEG ratio of 2.97 and a beta of 0.89.

Texas Roadhouse (NASDAQ:TXRH) last announced its earnings results on Thursday, November 6th. The restaurant operator reported $1.25 EPS for the quarter, missing the consensus estimate of $1.28 by ($0.03). Texas Roadhouse had a return on equity of 30.59% and a net margin of 7.49%.The business had revenue of $1.44 billion during the quarter, compared to analyst estimates of $1.43 billion. During the same period in the previous year, the firm earned $1.26 earnings per share. The firm’s revenue was up 12.8% compared to the same quarter last year. On average, analysts forecast that Texas Roadhouse will post 7.23 earnings per share for the current year.

Texas Roadhouse Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 30th. Stockholders of record on Tuesday, December 2nd were paid a $0.68 dividend. This represents a $2.72 annualized dividend and a dividend yield of 1.5%. The ex-dividend date of this dividend was Tuesday, December 2nd. Texas Roadhouse’s dividend payout ratio (DPR) is 41.59%.

About Texas Roadhouse

Texas Roadhouse, Inc is a casual dining restaurant chain specializing in hand?cut steaks, fall?off?the?bone ribs, chicken, seafood and house specialties. Each restaurant features a Western?themed décor, open kitchens and a signature line dance presentation of fresh, made?from?scratch sides and breads. The company emphasizes an energetic dining experience, focusing on hospitality, value and a family?friendly environment.

The concept was created in 1993 by founder Kent Taylor, who sought to combine high?quality steaks with an approachable, community?oriented atmosphere.