Texas Roadhouse’s (TXRH) “Buy (B)” Rating Reiterated at Weiss Ratings

Weiss Ratings reissued their buy (b) rating on shares of Texas Roadhouse (NASDAQ:TXRH) in a research note released on Wednesday,Weiss Ratings reports.

A number of other research analysts also recently weighed in on the stock. Guggenheim restated a “buy” rating and set a $210.00 price target on shares of Texas Roadhouse in a report on Tuesday, September 16th. Melius started coverage on shares of Texas Roadhouse in a report on Monday, July 14th. They set a “buy” rating and a $235.00 price target on the stock. The Goldman Sachs Group dropped their target price on shares of Texas Roadhouse from $200.00 to $180.00 and set a “neutral” rating on the stock in a report on Wednesday, October 1st. Evercore ISI downgraded shares of Texas Roadhouse from an “outperform” rating to an “in-line” rating and set a $190.00 target price on the stock. in a report on Thursday, September 4th. Finally, Stifel Nicolaus lifted their target price on shares of Texas Roadhouse from $180.00 to $188.00 and gave the stock a “hold” rating in a report on Friday, July 25th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and eleven have assigned a Hold rating to the company. According to MarketBeat.com, Texas Roadhouse currently has an average rating of “Moderate Buy” and a consensus price target of $196.00.

Texas Roadhouse Trading Down 2.6%

Texas Roadhouse stock opened at $163.33 on Wednesday. The company has a market capitalization of $10.85 billion, a P/E ratio of 24.94, a P/E/G ratio of 2.30 and a beta of 0.82. The firm’s fifty day simple moving average is $169.88 and its 200-day simple moving average is $176.82. Texas Roadhouse has a 1-year low of $148.73 and a 1-year high of $206.04.

Texas Roadhouse (NASDAQ:TXRH) last released its quarterly earnings results on Thursday, August 7th. The restaurant operator reported $1.86 earnings per share for the quarter, missing analysts’ consensus estimates of $1.95 by ($0.09). The business had revenue of $1.51 billion for the quarter, compared to the consensus estimate of $1.50 billion. Texas Roadhouse had a net margin of 7.72% and a return on equity of 31.52%. The firm’s revenue for the quarter was up 12.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.79 EPS. On average, equities research analysts predict that Texas Roadhouse will post 7.23 earnings per share for the current year.

Texas Roadhouse Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Tuesday, September 2nd were given a $0.68 dividend. This represents a $2.72 annualized dividend and a yield of 1.7%. The ex-dividend date was Tuesday, September 2nd. Texas Roadhouse’s dividend payout ratio (DPR) is currently 41.53%.

Insiders Place Their Bets

In other Texas Roadhouse news, Director Gregory N. Moore sold 3,000 shares of the firm’s stock in a transaction on Monday, August 18th. The shares were sold at an average price of $173.06, for a total value of $519,180.00. Following the sale, the director directly owned 34,550 shares in the company, valued at $5,979,223. This trade represents a 7.99% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, President Regina A. Tobin sold 3,153 shares of Texas Roadhouse stock in a transaction dated Monday, August 18th. The shares were sold at an average price of $173.53, for a total transaction of $547,140.09. Following the sale, the president owned 15,261 shares in the company, valued at approximately $2,648,241.33. This trade represents a 17.12% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 8,342 shares of company stock worth $1,443,704 in the last ninety days. Insiders own 0.50% of the company’s stock.

Institutional Trading of Texas Roadhouse

Institutional investors have recently made changes to their positions in the business. Axiom Investors LLC DE boosted its position in shares of 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 in the last quarter. Golden State Wealth Management LLC boosted its position in shares of Texas Roadhouse by 157.3% during the 1st quarter. Golden State Wealth Management LLC now owns 4,658 shares of the restaurant operator’s stock valued at $776,000 after acquiring an additional 2,848 shares in the last quarter. Roundview Capital LLC acquired a new stake in shares of Texas Roadhouse during the 2nd quarter valued at about $1,482,000. Wealth Enhancement Advisory Services LLC boosted its position in shares of Texas Roadhouse by 253.5% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 38,086 shares of the restaurant operator’s stock valued at $6,346,000 after acquiring an additional 27,312 shares in the last quarter. Finally, Night Squared LP acquired a new position in Texas Roadhouse in the first quarter valued at about $6,461,000. 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.