Texas Roadhouse (NASDAQ:TXRH) Reaches New 1-Year Low – Time to Sell?

Shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) hit a new 52-week low during trading on Monday . The stock traded as low as $155.57 and last traded at $155.3650, with a volume of 320752 shares. The stock had previously closed at $158.29.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on TXRH. Citigroup lowered their price target on shares of Texas Roadhouse from $184.00 to $176.00 and set a “neutral” rating on the stock in a report on Friday, April 24th. Morgan Stanley set a $199.00 target price on shares of Texas Roadhouse in a research report on Tuesday, April 21st. Barclays set a $188.00 target price on shares of Texas Roadhouse in a research note on Friday, February 20th. BTIG Research reissued a “buy” rating and issued a $200.00 price target on shares of Texas Roadhouse in a research report on Friday, February 20th. Finally, TD Cowen started coverage on shares of Texas Roadhouse in a research note on Tuesday, January 20th. They set a “buy” rating and a $215.00 price target for the company. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and thirteen have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $195.14.

Texas Roadhouse Stock Down 1.5%

The stock has a fifty day simple moving average of $168.05 and a 200-day simple moving average of $172.98. The company has a market capitalization of $10.28 billion, a P/E ratio of 25.60, a PEG ratio of 1.81 and a beta of 0.77.

Texas Roadhouse (NASDAQ:TXRH) last announced its earnings results on Thursday, February 19th. The restaurant operator reported $1.28 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.53 by ($0.25). Texas Roadhouse had a return on equity of 27.88% and a net margin of 6.90%.The firm had revenue of $1.48 billion for the quarter, compared to analyst estimates of $1.50 billion. During the same quarter last year, the business earned $1.73 EPS. The company’s revenue for the quarter was up 3.1% compared to the same quarter last year. Analysts predict that Texas Roadhouse, Inc. will post 6.34 earnings per share for the current fiscal year.

Texas Roadhouse Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 17th were issued a dividend of $0.75 per share. The ex-dividend date of this dividend was Tuesday, March 17th. This is a positive change from Texas Roadhouse’s previous quarterly dividend of $0.68. This represents a $3.00 annualized dividend and a dividend yield of 1.9%. Texas Roadhouse’s dividend payout ratio (DPR) is 49.26%.

Insiders Place Their Bets

In other Texas Roadhouse news, CTO Hernan E. Mujica sold 5,000 shares of Texas Roadhouse stock in a transaction on Friday, March 13th. The stock was sold at an average price of $170.00, for a total value of $850,000.00. Following the completion of the transaction, the chief technology officer owned 15,552 shares in the company, valued at approximately $2,643,840. The trade was a 24.33% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, President Regina A. Tobin sold 4,450 shares of the business’s stock in a transaction on Thursday, March 19th. The stock was sold at an average price of $171.00, for a total value of $760,950.00. Following the completion of the transaction, the president directly owned 13,778 shares in the company, valued at approximately $2,356,038. This represents a 24.41% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 12,988 shares of company stock worth $2,218,144 over the last ninety days. 0.50% of the stock is owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. State of Michigan Retirement System grew its holdings in Texas Roadhouse by 1.3% during the 1st quarter. State of Michigan Retirement System now owns 15,878 shares of the restaurant operator’s stock worth $2,622,000 after acquiring an additional 200 shares during the last quarter. Principal Financial Group Inc. raised its stake in shares of Texas Roadhouse by 5.0% in the first quarter. Principal Financial Group Inc. now owns 148,837 shares of the restaurant operator’s stock worth $24,579,000 after acquiring an additional 7,039 shares during the last quarter. Chicago Partners Investment Group LLC lifted its position in shares of Texas Roadhouse by 160.0% during the first quarter. Chicago Partners Investment Group LLC now owns 5,488 shares of the restaurant operator’s stock worth $868,000 after purchasing an additional 3,377 shares in the last quarter. Pittenger & Anderson Inc. acquired a new position in shares of Texas Roadhouse during the first quarter worth approximately $300,000. Finally, Fifth Third Bancorp grew its stake in shares of Texas Roadhouse by 2,346.4% during the first quarter. Fifth Third Bancorp now owns 15,755 shares of the restaurant operator’s stock valued at $2,602,000 after purchasing an additional 15,111 shares during the last quarter. 94.82% of the stock is owned by institutional investors.

About Texas Roadhouse

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.