Brokerages Set Texas Roadhouse, Inc. (NASDAQ:TXRH) Target Price at $208.48

Texas Roadhouse, Inc. (NASDAQ:TXRH) has been assigned an average recommendation of “Hold” from the twenty-three analysts that are covering the firm, Marketbeat reports. Thirteen investment analysts have rated the stock with a hold recommendation and ten have given a buy recommendation to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $208.4762.

Several equities analysts recently issued reports on TXRH shares. BTIG Research upped their target price on Texas Roadhouse from $200.00 to $220.00 and gave the company a “buy” rating in a research report on Friday, August 7th. Citigroup lifted their price target on Texas Roadhouse from $193.00 to $209.00 and gave the stock a “neutral” rating in a research report on Friday, August 7th. Royal Bank Of Canada boosted their price target on Texas Roadhouse from $210.00 to $235.00 and gave the company an “outperform” rating in a research note on Friday, August 7th. Mizuho increased their price objective on Texas Roadhouse from $190.00 to $230.00 and gave the company an “outperform” rating in a report on Friday, July 31st. Finally, Morgan Stanley restated an “overweight” rating and issued a $212.00 price objective on shares of Texas Roadhouse in a research note on Friday, August 7th.

Texas Roadhouse Trading Down 3.4%

Texas Roadhouse stock opened at $207.01 on Tuesday. Texas Roadhouse has a one year low of $153.82 and a one year high of $216.30. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.40 and a current ratio of 0.46. The stock has a market cap of $13.61 billion, a PE ratio of 33.12, a price-to-earnings-growth ratio of 2.12 and a beta of 0.79. The stock has a 50-day moving average of $190.83 and a two-hundred day moving average of $179.29.

Texas Roadhouse (NASDAQ:TXRH) last announced its quarterly earnings data on Thursday, August 6th. The restaurant operator reported $1.85 EPS for the quarter, beating the consensus estimate of $1.83 by $0.02. Texas Roadhouse had a net margin of 6.63% and a return on equity of 27.20%. The firm had revenue of $1.68 billion during the quarter, compared to analyst estimates of $1.67 billion. During the same period last year, the firm posted $1.86 EPS. Texas Roadhouse’s revenue was up 11.1% on a year-over-year basis. On average, research analysts anticipate that Texas Roadhouse will post 6.63 EPS for the current fiscal year.

Texas Roadhouse Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 29th. Investors of record on Tuesday, September 1st will be issued a $0.75 dividend. This represents a $3.00 annualized dividend and a yield of 1.4%. The ex-dividend date is Tuesday, September 1st. Texas Roadhouse’s dividend payout ratio is 48.00%.

Insider Buying and Selling at Texas Roadhouse

In other news, insider Christopher C. Colson sold 499 shares of the company’s stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $179.22, for a total value of $89,430.78. Following the sale, the insider directly owned 14,500 shares of the company’s stock, valued at $2,598,690. This represents a 3.33% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Gregory N. Moore sold 3,000 shares of the stock in a transaction on Tuesday, August 11th. The stock was sold at an average price of $208.32, for a total transaction of $624,960.00. Following the completion of the sale, the director owned 26,900 shares in the company, valued at $5,603,808. The trade was a 10.03% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 4,264 shares of company stock valued at $856,557. 0.50% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Texas Roadhouse

Several hedge funds have recently added to or reduced their stakes in TXRH. NewEdge Advisors LLC raised its stake in shares of Texas Roadhouse by 12.0% during the 1st quarter. NewEdge Advisors LLC now owns 2,423 shares of the restaurant operator’s stock valued at $404,000 after buying an additional 259 shares during the last quarter. Focus Partners Wealth boosted its stake in shares of Texas Roadhouse by 23.3% in the first quarter. Focus Partners Wealth now owns 6,124 shares of the restaurant operator’s stock worth $1,020,000 after buying an additional 1,157 shares during the last quarter. Geneos Wealth Management Inc. boosted its stake in shares of Texas Roadhouse by 36.0% in the first quarter. Geneos Wealth Management Inc. now owns 419 shares of the restaurant operator’s stock worth $70,000 after buying an additional 111 shares during the last quarter. Sivia Capital Partners LLC acquired a new stake in Texas Roadhouse during the second quarter worth about $657,000. Finally, Marshall Wace LLP acquired a new stake in Texas Roadhouse during the second quarter worth about $1,936,000. 94.82% of the stock is owned by hedge funds and other institutional investors.

Texas Roadhouse Company Profile

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.