Texas Roadhouse, Inc. (NASDAQ:TXRH) Given Consensus Recommendation of “Buy” by Brokerages

Texas Roadhouse, Inc. (NASDAQ:TXRHGet Rating) has received an average recommendation of “Buy” from the twenty-five analysts that are presently covering the firm, Marketbeat Ratings reports. Nine research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $106.64.

A number of equities research analysts have recently issued reports on the stock. MKM Partners upped their target price on shares of Texas Roadhouse from $113.00 to $119.00 and gave the company a “buy” rating in a report on Wednesday, February 23rd. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Texas Roadhouse from $118.00 to $112.00 and set a “buy” rating on the stock in a report on Wednesday, February 23rd. StockNews.com cut shares of Texas Roadhouse from a “buy” rating to a “hold” rating in a report on Friday, March 25th. Barclays upped their target price on shares of Texas Roadhouse from $92.00 to $95.00 and gave the company an “equal weight” rating in a report on Wednesday, February 23rd. Finally, UBS Group raised shares of Texas Roadhouse from a “neutral” rating to a “buy” rating and upped their target price for the company from $98.00 to $108.00 in a report on Thursday, January 6th.

In other news, General Counsel Christopher C. Colson sold 4,000 shares of the firm’s stock in a transaction on Friday, February 25th. The shares were sold at an average price of $89.76, for a total transaction of $359,040.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Tonya Robinson sold 2,499 shares of the firm’s stock in a transaction on Tuesday, March 1st. The shares were sold at an average price of $92.00, for a total transaction of $229,908.00. The disclosure for this sale can be found here. Insiders have sold a total of 9,799 shares of company stock worth $872,001 in the last quarter. 0.60% of the stock is currently owned by company insiders.

Several hedge funds have recently added to or reduced their stakes in TXRH. Nordea Investment Management AB raised its stake in shares of Texas Roadhouse by 87.8% during the third quarter. Nordea Investment Management AB now owns 3,444,839 shares of the restaurant operator’s stock valued at $318,371,000 after acquiring an additional 1,610,854 shares during the last quarter. Wellington Management Group LLP bought a new position in Texas Roadhouse during the third quarter worth $105,826,000. Pensioenfonds Rail & OV raised its stake in Texas Roadhouse by 394.7% during the fourth quarter. Pensioenfonds Rail & OV now owns 989,308 shares of the restaurant operator’s stock worth $88,325,000 after buying an additional 789,308 shares during the last quarter. Norges Bank bought a new position in Texas Roadhouse during the fourth quarter worth $54,405,000. Finally, Goldman Sachs Group Inc. raised its stake in Texas Roadhouse by 40.3% during the third quarter. Goldman Sachs Group Inc. now owns 1,621,282 shares of the restaurant operator’s stock worth $148,072,000 after buying an additional 465,294 shares during the last quarter. 94.62% of the stock is owned by hedge funds and other institutional investors.

NASDAQ:TXRH traded up $1.90 on Tuesday, hitting $85.33. 5,438 shares of the company’s stock were exchanged, compared to its average volume of 1,208,767. The firm has a 50-day moving average price of $84.35 and a 200-day moving average price of $86.87. The company has a debt-to-equity ratio of 0.67, a current ratio of 0.94 and a quick ratio of 0.88. Texas Roadhouse has a 52 week low of $69.54 and a 52 week high of $110.75. The company has a market cap of $5.90 billion, a P/E ratio of 24.14, a price-to-earnings-growth ratio of 2.23 and a beta of 0.99.

Texas Roadhouse (NASDAQ:TXRHGet Rating) last issued its quarterly earnings results on Tuesday, February 22nd. The restaurant operator reported $0.76 EPS for the quarter, topping the consensus estimate of $0.67 by $0.09. Texas Roadhouse had a net margin of 7.08% and a return on equity of 23.21%. The firm had revenue of $895.59 million for the quarter, compared to analysts’ expectations of $892.53 million. During the same period in the previous year, the firm posted $0.28 EPS. The company’s revenue for the quarter was up 40.4% on a year-over-year basis. On average, research analysts expect that Texas Roadhouse will post 3.67 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Friday, March 25th. Investors of record on Wednesday, March 9th were given a dividend of $0.46 per share. This is a positive change from Texas Roadhouse’s previous quarterly dividend of $0.40. The ex-dividend date of this dividend was Tuesday, March 8th. This represents a $1.84 annualized dividend and a dividend yield of 2.16%. Texas Roadhouse’s dividend payout ratio (DPR) is currently 52.57%.

Texas Roadhouse Company Profile (Get Rating)

Texas Roadhouse, Inc, together with its subsidiaries, operates casual dining restaurants in the United States and internationally. The company operates and franchises restaurants under the Texas Roadhouse, Bubba's 33, and Jaggers names. As of December 28, 2021, it operated 566 domestic restaurants and 101 franchise restaurants.

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Analyst Recommendations for Texas Roadhouse (NASDAQ:TXRH)

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