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

Shares of Texas Roadhouse, Inc. (NASDAQ:TXRHGet Rating) have received an average rating of “Moderate Buy” from the twenty ratings firms that are presently covering the firm, Marketbeat reports. Six investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $103.68.

TXRH has been the topic of a number of recent analyst reports. Robert W. Baird lifted their price target on shares of Texas Roadhouse from $87.00 to $98.00 and gave the stock a “neutral” rating in a research report on Friday, October 28th. Barclays boosted their price objective on shares of Texas Roadhouse from $90.00 to $101.00 and gave the company an “equal weight” rating in a research report on Thursday, January 5th. BMO Capital Markets lifted their price target on shares of Texas Roadhouse from $90.00 to $95.00 in a research note on Friday, October 28th. Truist Financial lifted their price target on shares of Texas Roadhouse from $108.00 to $110.00 and gave the company a “buy” rating in a research note on Friday, October 28th. Finally, Stephens lowered their price objective on shares of Texas Roadhouse from $90.00 to $86.00 and set an “equal weight” rating on the stock in a research note on Friday, October 28th.

Insider Buying and Selling at Texas Roadhouse

In related news, insider Christopher C. Colson sold 1,634 shares of the firm’s stock in a transaction dated Tuesday, January 10th. The shares were sold at an average price of $97.08, for a total transaction of $158,628.72. Following the transaction, the insider now directly owns 5,000 shares of the company’s stock, valued at $485,400. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, insider Christopher C. Colson sold 1,634 shares of the firm’s stock in a transaction dated Tuesday, January 10th. The shares were sold at an average price of $97.08, for a total transaction of $158,628.72. Following the completion of the sale, the insider now owns 5,000 shares in the company, valued at $485,400. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director James R. Zarley sold 42,500 shares of the firm’s stock in a transaction dated Tuesday, November 22nd. The stock was sold at an average price of $97.51, for a total transaction of $4,144,175.00. Following the sale, the director now owns 32,843 shares of the company’s stock, valued at approximately $3,202,520.93. The disclosure for this sale can be found here. Over the last three months, insiders have sold 46,951 shares of company stock valued at $4,577,490. Corporate insiders own 0.60% of the company’s stock.

Hedge Funds Weigh In On Texas Roadhouse

A number of large investors have recently modified their holdings of the company. Crossmark Global Holdings Inc. boosted its position in shares of Texas Roadhouse by 2.3% in the third quarter. Crossmark Global Holdings Inc. now owns 5,853 shares of the restaurant operator’s stock valued at $510,000 after acquiring an additional 133 shares during the period. Synovus Financial Corp lifted its position in Texas Roadhouse by 1.5% during the third quarter. Synovus Financial Corp now owns 9,808 shares of the restaurant operator’s stock valued at $856,000 after purchasing an additional 141 shares during the last quarter. CWM LLC lifted its position in Texas Roadhouse by 14.5% during the third quarter. CWM LLC now owns 1,142 shares of the restaurant operator’s stock valued at $100,000 after purchasing an additional 145 shares during the last quarter. Janiczek Wealth Management LLC lifted its position in Texas Roadhouse by 13.7% during the third quarter. Janiczek Wealth Management LLC now owns 1,264 shares of the restaurant operator’s stock valued at $111,000 after purchasing an additional 152 shares during the last quarter. Finally, Truist Financial Corp lifted its position in Texas Roadhouse by 0.3% during the third quarter. Truist Financial Corp now owns 47,947 shares of the restaurant operator’s stock valued at $4,185,000 after purchasing an additional 160 shares during the last quarter. 97.52% of the stock is currently owned by institutional investors.

Texas Roadhouse Stock Performance

NASDAQ:TXRH opened at $101.14 on Thursday. The firm has a market capitalization of $6.77 billion, a PE ratio of 26.34, a price-to-earnings-growth ratio of 1.56 and a beta of 0.95. The firm has a 50-day moving average price of $97.27 and a 200 day moving average price of $92.23. The company has a quick ratio of 0.47, a current ratio of 0.54 and a debt-to-equity ratio of 0.08. Texas Roadhouse has a 12-month low of $68.58 and a 12-month high of $102.68.

Texas Roadhouse (NASDAQ:TXRHGet Rating) last issued its quarterly earnings results on Thursday, October 27th. The restaurant operator reported $0.93 earnings per share for the quarter, beating analysts’ consensus estimates of $0.87 by $0.06. Texas Roadhouse had a net margin of 6.74% and a return on equity of 25.94%. The business had revenue of $993.30 million during the quarter, compared to analyst estimates of $972.75 million. Research analysts anticipate that Texas Roadhouse will post 4.09 earnings per share for the current fiscal year.

Texas Roadhouse Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 23rd. Shareholders of record on Wednesday, December 7th were paid a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a dividend yield of 1.82%. The ex-dividend date was Tuesday, December 6th. Texas Roadhouse’s dividend payout ratio (DPR) is 47.92%.

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.

See Also

Analyst Recommendations for Texas Roadhouse (NASDAQ:TXRH)

Receive News & Ratings for Texas Roadhouse Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Texas Roadhouse and related companies with MarketBeat.com's FREE daily email newsletter.