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

Shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) have earned an average rating of “Moderate Buy” from the twenty-three research firms that are presently covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, ten have issued a hold recommendation, ten have given a buy recommendation and two have given a strong buy recommendation to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $192.9474.

Several research firms recently weighed in on TXRH. Barclays reduced their price target on shares of Texas Roadhouse from $187.00 to $170.00 and set an “equal weight” rating for the company in a research report on Friday, November 7th. Evercore ISI lowered Texas Roadhouse from an “outperform” rating to an “in-line” rating and set a $190.00 price objective for the company. in a research note on Thursday, September 4th. Stephens decreased their target price on Texas Roadhouse from $175.00 to $168.00 and set an “equal weight” rating on the stock in a research report on Friday, November 7th. Guggenheim reaffirmed a “buy” rating and issued a $210.00 price target on shares of Texas Roadhouse in a research note on Tuesday, September 16th. Finally, Wells Fargo & Company reduced their price objective on Texas Roadhouse from $175.00 to $170.00 and set an “equal weight” rating for the company in a research note on Friday, November 7th.

Insider Activity

In other Texas Roadhouse news, Director Gregory N. Moore sold 1,400 shares of the stock in a transaction dated Wednesday, December 3rd. The shares were sold at an average price of $170.00, for a total value of $238,000.00. Following the completion of the sale, the director owned 32,150 shares in the company, valued at approximately $5,465,500. This represents a 4.17% 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 Hugh J. Carroll sold 1,000 shares of the firm’s stock in a transaction that occurred on Thursday, December 4th. The stock was sold at an average price of $167.27, for a total transaction of $167,270.00. Following the completion of the transaction, 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 SEC filing for this sale provides additional information. Company insiders own 0.50% of the company’s stock.

Institutional Investors Weigh In On Texas Roadhouse

A number of large investors have recently made changes to their positions in the stock. Axiom Investors LLC DE boosted its holdings in Texas Roadhouse by 3,696.7% during the 1st quarter. Axiom Investors LLC DE now owns 2,173,807 shares of the restaurant operator’s stock valued at $362,221,000 after acquiring an additional 2,116,552 shares during the period. Roundview Capital LLC purchased a new stake in Texas Roadhouse during the second quarter worth about $1,482,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its position in shares of Texas Roadhouse by 2,515.2% during the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 417,045 shares of the restaurant operator’s stock worth $78,158,000 after purchasing an additional 401,098 shares in the last quarter. Symphony Financial Ltd. Co. acquired a new stake in shares of Texas Roadhouse during the second quarter worth about $28,465,000. Finally, NorthRock Partners LLC purchased a new position in shares of Texas Roadhouse in the second quarter valued at approximately $276,000. 94.82% of the stock is currently owned by hedge funds and other institutional investors.

Texas Roadhouse Stock Performance

Texas Roadhouse stock opened at $166.21 on Thursday. The stock has a market capitalization of $10.99 billion, a P/E ratio of 25.41, a P/E/G ratio of 2.69 and a beta of 0.88. The company’s fifty day moving average price is $169.34 and its 200 day moving average price is $176.55. Texas Roadhouse has a 1 year low of $148.73 and a 1 year high of $199.99.

Texas Roadhouse (NASDAQ:TXRH) last posted its quarterly earnings data on Thursday, November 6th. The restaurant operator reported $1.25 earnings per share for the quarter, missing analysts’ consensus estimates of $1.28 by ($0.03). The company had revenue of $1.44 billion for the quarter, compared to analyst estimates of $1.43 billion. Texas Roadhouse had a return on equity of 30.59% and a net margin of 7.49%.The business’s revenue was up 12.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.26 earnings per share. Sell-side analysts predict that Texas Roadhouse will post 7.23 EPS for the current year.

Texas Roadhouse Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 30th. Stockholders of record on Tuesday, December 2nd will be given a $0.68 dividend. This represents a $2.72 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date is Tuesday, December 2nd. Texas Roadhouse’s dividend payout ratio is 41.59%.

About Texas Roadhouse

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.