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

Texas Roadhouse, Inc. (NASDAQ:TXRH) has been given a consensus recommendation of “Hold” by the twenty-two ratings firms that are covering the firm, Marketbeat reports. Twelve investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $155.55.

A number of equities research analysts have recently issued reports on TXRH shares. Wedbush increased their price target on shares of Texas Roadhouse from $170.00 to $180.00 and gave the stock an “outperform” rating in a report on Friday, May 3rd. BTIG Research raised their target price on shares of Texas Roadhouse from $155.00 to $175.00 and gave the company a “buy” rating in a research note on Friday, May 3rd. Royal Bank of Canada raised their target price on shares of Texas Roadhouse from $145.00 to $165.00 and gave the company a “sector perform” rating in a research note on Friday, May 3rd. Barclays raised their target price on shares of Texas Roadhouse from $138.00 to $160.00 and gave the company an “equal weight” rating in a research note on Friday, May 3rd. Finally, Stifel Nicolaus raised their target price on shares of Texas Roadhouse from $155.00 to $175.00 and gave the company a “hold” rating in a research note on Monday.

Texas Roadhouse Stock Performance

TXRH opened at $166.07 on Wednesday. The firm has a market cap of $11.10 billion, a P/E ratio of 33.62, a PEG ratio of 1.73 and a beta of 1.00. The firm has a 50-day moving average of $153.17 and a 200 day moving average of $131.01. Texas Roadhouse has a fifty-two week low of $91.06 and a fifty-two week high of $170.39.

Texas Roadhouse (NASDAQ:TXRH) last posted its quarterly earnings results on Thursday, May 2nd. The restaurant operator reported $1.69 earnings per share for the quarter, beating the consensus estimate of $1.65 by $0.04. The company had revenue of $1.32 billion during the quarter, compared to analyst estimates of $1.32 billion. Texas Roadhouse had a net margin of 6.94% and a return on equity of 28.85%. The firm’s revenue for the quarter was up 12.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.28 earnings per share. Equities research analysts predict that Texas Roadhouse will post 5.9 earnings per share for the current fiscal year.

Texas Roadhouse Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 26th. Stockholders of record on Wednesday, March 13th were issued a $0.61 dividend. This is a boost from Texas Roadhouse’s previous quarterly dividend of $0.55. The ex-dividend date of this dividend was Tuesday, March 12th. This represents a $2.44 annualized dividend and a dividend yield of 1.47%. Texas Roadhouse’s dividend payout ratio (DPR) is currently 49.39%.

Insider Transactions at Texas Roadhouse

In related news, CEO Gerald L. Morgan sold 5,000 shares of Texas Roadhouse stock in a transaction on Thursday, February 29th. The shares were sold at an average price of $147.90, for a total value of $739,500.00. Following the sale, the chief executive officer now owns 92,847 shares in the company, valued at $13,732,071.30. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, CEO Gerald L. Morgan sold 5,000 shares of Texas Roadhouse stock in a transaction dated Thursday, February 29th. The stock was sold at an average price of $147.90, for a total value of $739,500.00. Following the completion of the transaction, the chief executive officer now owns 92,847 shares of the company’s stock, valued at approximately $13,732,071.30. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Christopher C. Colson sold 405 shares of Texas Roadhouse stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $149.05, for a total value of $60,365.25. Following the completion of the transaction, the insider now directly owns 8,500 shares of the company’s stock, valued at approximately $1,266,925. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 12,382 shares of company stock worth $1,843,145. Insiders own 0.50% of the company’s stock.

Institutional Investors Weigh In On Texas Roadhouse

Large investors have recently bought and sold shares of the business. Commonwealth Equity Services LLC grew its stake in shares of Texas Roadhouse by 3.2% during the 3rd quarter. Commonwealth Equity Services LLC now owns 6,556 shares of the restaurant operator’s stock valued at $630,000 after purchasing an additional 203 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Texas Roadhouse by 15.7% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 14,607 shares of the restaurant operator’s stock valued at $1,404,000 after acquiring an additional 1,977 shares during the period. Advisor Partners II LLC bought a new position in shares of Texas Roadhouse during the 3rd quarter valued at approximately $213,000. Park Avenue Securities LLC bought a new position in shares of Texas Roadhouse during the 3rd quarter valued at approximately $474,000. Finally, Inspire Investing LLC grew its stake in shares of Texas Roadhouse by 12.8% during the 3rd quarter. Inspire Investing LLC now owns 13,018 shares of the restaurant operator’s stock valued at $1,251,000 after acquiring an additional 1,477 shares during the period. 94.82% of the stock is currently owned by institutional investors.

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.