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

Shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) have been assigned an average rating of “Moderate Buy” from the twenty-three brokerages that are currently covering the company, MarketBeat reports. Twelve research analysts have rated the stock with a hold recommendation, ten have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $209.40.

A number of equities research analysts recently weighed in on TXRH shares. Mizuho raised their price target on shares of Texas Roadhouse from $190.00 to $230.00 and gave the company an “outperform” rating in a report on Friday, July 31st. JPMorgan Chase & Co. upped their price objective on shares of Texas Roadhouse from $182.00 to $188.00 and gave the company a “neutral” rating in a research report on Thursday, May 14th. Royal Bank Of Canada raised their target price on Texas Roadhouse from $210.00 to $235.00 and gave the company an “outperform” rating in a research note on Friday, August 7th. UBS Group lifted their target price on Texas Roadhouse from $210.00 to $235.00 and gave the stock a “buy” rating in a research report on Monday, August 3rd. Finally, Morgan Stanley reiterated an “overweight” rating and issued a $212.00 price target on shares of Texas Roadhouse in a research note on Friday, August 7th.

Texas Roadhouse Stock Down 2.0%

NASDAQ TXRH opened at $179.27 on Friday. The stock has a market cap of $11.77 billion, a PE ratio of 28.68, a P/E/G ratio of 1.80 and a beta of 0.78. Texas Roadhouse has a fifty-two week low of $153.82 and a fifty-two week high of $216.30. The business has a 50 day moving average price of $198.11 and a two-hundred day moving average price of $181.01. The company has a quick ratio of 0.39, a current ratio of 0.46 and a debt-to-equity ratio of 0.03.

Texas Roadhouse (NASDAQ:TXRH) last posted its quarterly earnings data on Thursday, August 6th. The restaurant operator reported $1.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.83 by $0.02. Texas Roadhouse had a net margin of 6.63% and a return on equity of 27.20%. The company had revenue of $1.68 billion for the quarter, compared to analyst estimates of $1.67 billion. During the same quarter last year, the firm posted $1.86 earnings per share. The business’s quarterly revenue was up 11.1% on a year-over-year basis. As a group, sell-side analysts predict that Texas Roadhouse will post 6.64 EPS for the current fiscal year.

Texas Roadhouse Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 29th. Shareholders of record on Tuesday, September 1st will be given a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date of this dividend is Tuesday, September 1st. Texas Roadhouse’s dividend payout ratio is presently 48.00%.

Insider Activity at Texas Roadhouse

In other news, insider Lloyd Marshall sold 500 shares of the firm’s stock in a transaction that occurred on Wednesday, August 26th. The shares were sold at an average price of $204.65, for a total transaction of $102,325.00. Following the completion of the sale, the insider owned 9,826 shares of the company’s stock, valued at approximately $2,010,890.90. This trade represents a 4.84% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Hugh Carroll sold 650 shares of Texas Roadhouse stock in a transaction on Tuesday, August 25th. The stock was sold at an average price of $203.99, for a total transaction of $132,593.50. Following the completion of the sale, the director owned 2,883 shares of the company’s stock, valued at approximately $588,103.17. This trade represents a 18.40% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 20,396 shares of company stock worth $4,143,825. 0.50% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Texas Roadhouse

A number of institutional investors have recently modified their holdings of TXRH. Elyxium Wealth LLC acquired a new position in Texas Roadhouse in the fourth quarter worth about $25,000. Basecamp Wealth Advisors LLC raised its stake in Texas Roadhouse by 5,033.3% during the first quarter. Basecamp Wealth Advisors LLC now owns 154 shares of the restaurant operator’s stock valued at $25,000 after buying an additional 151 shares in the last quarter. Silvant Capital Management LLC bought a new position in Texas Roadhouse during the 2nd quarter worth approximately $32,000. Measured Wealth Private Client Group LLC bought a new position in Texas Roadhouse during the 3rd quarter worth approximately $33,000. Finally, Garton & Associates Financial Advisors LLC acquired a new position in shares of Texas Roadhouse in the 4th quarter worth approximately $34,000. Institutional investors and hedge funds own 94.82% of the company’s stock.

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.