Texas Roadhouse, Inc. (NASDAQ:TXRH) Receives Average Recommendation of “Hold” from Analysts


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Texas Roadhouse, Inc. (NASDAQ:TXRH) has been given a consensus rating of “Hold” by the twenty-six analysts that are presently covering the company, Marketbeat reports. One analyst has rated the stock with a sell recommendation, fifteen have given a hold recommendation, five have issued a buy recommendation and two have given a strong buy recommendation to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $143.17.

TXRH has been the topic of a number of analyst reports. Morgan Stanley lifted their price objective on Texas Roadhouse from $94.00 to $110.00 and gave the company an “equal weight” rating in a report on Friday. Raymond James boosted their price target on Texas Roadhouse from $108.00 to $120.00 and gave the stock a “strong-buy” rating in a research note on Friday. Credit Suisse Group upped their target price on Texas Roadhouse from $90.00 to $95.00 and gave the company an “outperform” rating in a research note on Monday, March 1st. Telsey Advisory Group upped their target price on Texas Roadhouse from $102.00 to $116.00 and gave the company a “market perform” rating in a research note on Friday. Finally, JPMorgan Chase & Co. upped their target price on Texas Roadhouse from $90.00 to $99.00 and gave the company an “underweight” rating in a research note on Monday, April 19th.

In other Texas Roadhouse news, Director Curtis Warfield sold 2,688 shares of the company’s stock in a transaction dated Monday, March 1st. The shares were sold at an average price of $92.82, for a total value of $249,500.16. Following the completion of the transaction, the director now directly owns 6,875 shares of the company’s stock, valued at approximately $638,137.50. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CMO S. Chris Jacobsen sold 2,500 shares of the stock in a transaction dated Thursday, February 4th. The stock was sold at an average price of $85.00, for a total transaction of $212,500.00. Following the transaction, the chief marketing officer now directly owns 19,968 shares in the company, valued at approximately $1,697,280. The disclosure for this sale can be found here. Over the last quarter, insiders sold 109,071 shares of company stock valued at $10,386,397. 6.16% of the stock is owned by insiders.

Several large investors have recently made changes to their positions in TXRH. JJJ Advisors Inc. increased its stake in shares of Texas Roadhouse by 37.8% in the first quarter. JJJ Advisors Inc. now owns 405 shares of the restaurant operator’s stock valued at $39,000 after purchasing an additional 111 shares during the period. Exane Derivatives acquired a new stake in shares of Texas Roadhouse in the first quarter valued at approximately $46,000. Endurance Wealth Management Inc. acquired a new position in shares of Texas Roadhouse during the fourth quarter valued at approximately $55,000. James Investment Research Inc. acquired a new position in shares of Texas Roadhouse during the fourth quarter valued at approximately $70,000. Finally, Montag A & Associates Inc. acquired a new position in shares of Texas Roadhouse during the fourth quarter valued at approximately $94,000. Institutional investors own 91.73% of the company’s stock.

TXRH stock traded down $0.42 during trading on Tuesday, hitting $106.99. The company had a trading volume of 19,615 shares, compared to its average volume of 803,902. The firm has a market cap of $7.45 billion, a PE ratio of 136.60, a price-to-earnings-growth ratio of 3.10 and a beta of 1.00. Texas Roadhouse has a 1-year low of $41.68 and a 1-year high of $110.75. The firm has a 50-day moving average price of $98.14 and a 200-day moving average price of $84.59. The company has a quick ratio of 0.96, a current ratio of 1.01 and a debt-to-equity ratio of 0.21.

Texas Roadhouse (NASDAQ:TXRH) last issued its quarterly earnings results on Thursday, April 29th. The restaurant operator reported $0.91 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.59 by $0.32. Texas Roadhouse had a return on equity of 5.97% and a net margin of 2.19%. Sell-side analysts anticipate that Texas Roadhouse will post 0.68 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, June 4th. Investors of record on Wednesday, May 19th will be issued a $0.40 dividend. This is an increase from Texas Roadhouse’s previous quarterly dividend of $0.36. This represents a $1.60 annualized dividend and a yield of 1.50%. The ex-dividend date of this dividend is Tuesday, May 18th.

Texas Roadhouse Company Profile

Texas Roadhouse, Inc, together with its subsidiaries, operates casual dining restaurants in the United States and internationally. The company operates and franchises Texas Roadhouse and Bubba's 33 restaurants. As of December 29, 2020, it operated 537 domestic restaurants and 97 franchise restaurants.

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Analyst Recommendations for Texas Roadhouse (NASDAQ:TXRH)

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