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

Shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) have earned a consensus rating of “Moderate Buy” from the twenty-three research firms that are covering the company, Marketbeat reports. Eleven analysts have rated the stock with a hold rating and twelve have issued a buy rating on the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $193.36.

A number of equities research analysts have recently weighed in on TXRH shares. Royal Bank of Canada dropped their price objective on shares of Texas Roadhouse from $200.00 to $180.00 and set a “sector perform” rating on the stock in a report on Friday, February 21st. JPMorgan Chase & Co. dropped their price target on Texas Roadhouse from $185.00 to $184.00 and set a “neutral” rating on the stock in a research note on Thursday, March 20th. Gordon Haskett cut Texas Roadhouse from a “buy” rating to a “hold” rating and set a $192.00 price objective for the company. in a research note on Wednesday, January 8th. Wedbush upped their target price on Texas Roadhouse from $200.00 to $210.00 and gave the company an “outperform” rating in a research report on Friday, March 28th. Finally, Stifel Nicolaus reduced their price target on shares of Texas Roadhouse from $185.00 to $172.00 and set a “hold” rating for the company in a research report on Friday, February 21st.

Texas Roadhouse Stock Performance

Shares of NASDAQ TXRH opened at $159.86 on Friday. Texas Roadhouse has a fifty-two week low of $146.75 and a fifty-two week high of $206.04. The company has a market cap of $10.62 billion, a PE ratio of 24.71, a P/E/G ratio of 1.23 and a beta of 1.00. The business has a 50-day simple moving average of $175.08 and a two-hundred day simple moving average of $181.66.

Texas Roadhouse (NASDAQ:TXRH) last released its earnings results on Thursday, February 20th. The restaurant operator reported $1.73 EPS for the quarter, topping analysts’ consensus estimates of $1.66 by $0.07. The company had revenue of $1.44 billion during the quarter, compared to analysts’ expectations of $1.41 billion. Texas Roadhouse had a net margin of 8.07% and a return on equity of 34.02%. On average, sell-side analysts predict that Texas Roadhouse will post 7.23 earnings per share for the current fiscal year.

Texas Roadhouse Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Tuesday, March 18th were issued a dividend of $0.68 per share. This is a boost from Texas Roadhouse’s previous quarterly dividend of $0.61. This represents a $2.72 annualized dividend and a dividend yield of 1.70%. The ex-dividend date of this dividend was Tuesday, March 18th. Texas Roadhouse’s payout ratio is currently 42.04%.

Insider Activity

In other Texas Roadhouse news, President Regina A. Tobin sold 3,154 shares of the company’s stock in a transaction on Wednesday, March 5th. The stock was sold at an average price of $185.64, for a total value of $585,508.56. Following the completion of the sale, the president now directly owns 18,414 shares in the company, valued at $3,418,374.96. This represents a 14.62 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CTO Hernan E. Mujica sold 2,050 shares of the firm’s stock in a transaction on Monday, February 24th. The stock was sold at an average price of $170.66, for a total value of $349,853.00. Following the completion of the sale, the chief technology officer now directly owns 17,162 shares of the company’s stock, valued at $2,928,866.92. This trade represents a 10.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 17,905 shares of company stock worth $3,198,367 over the last ninety days. Corporate insiders own 0.50% of the company’s stock.

Hedge Funds Weigh In On Texas Roadhouse

Institutional investors and hedge funds have recently bought and sold shares of the company. Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of Texas Roadhouse during the 4th quarter valued at approximately $30,000. True Wealth Design LLC acquired a new stake in Texas Roadhouse during the third quarter worth $30,000. Coppell Advisory Solutions LLC raised its position in Texas Roadhouse by 56.8% in the fourth quarter. Coppell Advisory Solutions LLC now owns 196 shares of the restaurant operator’s stock valued at $35,000 after purchasing an additional 71 shares during the period. SBI Securities Co. Ltd. acquired a new position in shares of Texas Roadhouse in the 4th quarter valued at $36,000. Finally, MassMutual Private Wealth & Trust FSB grew its holdings in shares of Texas Roadhouse by 32.2% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 267 shares of the restaurant operator’s stock worth $48,000 after purchasing an additional 65 shares during the period. 94.82% of the stock is currently owned by institutional investors and hedge funds.

Texas Roadhouse Company Profile

Texas Roadhouse, Inc, together with its subsidiaries, operates casual dining restaurants in the United States and internationally. It also operates and franchises restaurants under the Texas Roadhouse, Bubba's 33, and Jaggers names in 49 states and ten internationally. Texas Roadhouse, Inc was founded in 1993 and is based in Louisville, Kentucky.