Texas Roadhouse, Inc. (NASDAQ:TXRH) Given Average Rating of “Moderate Buy” by Analysts

Texas Roadhouse, Inc. (NASDAQ:TXRH) has received an average rating of “Moderate Buy” from the twenty-one ratings firms that are presently covering the firm, MarketBeat reports. Nine research analysts have rated the stock with a hold recommendation and twelve have given a buy recommendation to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $194.62.

A number of equities analysts recently weighed in on TXRH shares. JPMorgan Chase & Co. lowered their target price on shares of Texas Roadhouse from $185.00 to $184.00 and set a “neutral” rating on the stock in a report on Thursday, March 20th. Barclays raised their target price on shares of Texas Roadhouse from $178.00 to $179.00 and gave the company an “equal weight” rating in a research note on Tuesday. Truist Financial lowered their price target on Texas Roadhouse from $209.00 to $205.00 and set a “buy” rating on the stock in a research report on Friday, February 21st. Stephens cut their price objective on Texas Roadhouse from $186.00 to $180.00 and set an “equal weight” rating for the company in a research report on Friday, February 21st. Finally, Stifel Nicolaus decreased their target price on Texas Roadhouse from $172.00 to $170.00 and set a “hold” rating on the stock in a report on Tuesday, April 15th.

Texas Roadhouse Price Performance

Texas Roadhouse stock opened at $162.95 on Wednesday. The company has a market cap of $10.83 billion, a price-to-earnings ratio of 25.19, a P/E/G ratio of 1.23 and a beta of 0.88. The firm has a 50-day moving average of $170.18 and a 200-day moving average of $180.33. Texas Roadhouse has a one year low of $148.73 and a one year high of $206.04.

Texas Roadhouse (NASDAQ:TXRH) last posted its quarterly earnings results on Thursday, February 20th. The restaurant operator reported $1.73 earnings per share for the quarter, beating analysts’ consensus estimates of $1.66 by $0.07. The firm had revenue of $1.44 billion during the quarter, compared to the consensus estimate of $1.41 billion. Texas Roadhouse had a return on equity of 34.02% and a net margin of 8.07%. As a group, sell-side analysts expect that Texas Roadhouse will post 7.23 earnings per share for the current year.

Texas Roadhouse Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Tuesday, March 18th were given a $0.68 dividend. The ex-dividend date of this dividend was Tuesday, March 18th. This represents a $2.72 dividend on an annualized basis and a yield of 1.67%. This is a positive change from Texas Roadhouse’s previous quarterly dividend of $0.61. Texas Roadhouse’s dividend payout ratio (DPR) is currently 42.04%.

Insider Transactions at Texas Roadhouse

In other Texas Roadhouse news, insider Christopher C. Colson sold 580 shares of the company’s stock in a transaction dated Friday, February 28th. The stock was sold at an average price of $181.94, for a total value of $105,525.20. Following the sale, the insider now owns 12,000 shares in the company, valued at approximately $2,183,280. The trade was a 4.61 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Gregory N. Moore sold 2,700 shares of the firm’s stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $168.26, for a total value of $454,302.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 16,535 shares of company stock worth $2,952,507. Corporate insiders own 0.50% of the company’s stock.

Institutional Investors Weigh In On Texas Roadhouse

A number of institutional investors have recently modified their holdings of TXRH. KLP Kapitalforvaltning AS bought a new stake in Texas Roadhouse during the fourth quarter valued at $2,959,000. Zions Bancorporation N.A. increased its holdings in Texas Roadhouse by 19.5% in the fourth quarter. Zions Bancorporation N.A. now owns 13,152 shares of the restaurant operator’s stock worth $2,373,000 after purchasing an additional 2,144 shares in the last quarter. Bessemer Group Inc. lifted its stake in Texas Roadhouse by 4.3% in the fourth quarter. Bessemer Group Inc. now owns 176,065 shares of the restaurant operator’s stock valued at $31,768,000 after buying an additional 7,301 shares during the period. Chase Investment Counsel Corp acquired a new position in Texas Roadhouse in the fourth quarter valued at approximately $316,000. Finally, Raymond James Financial Inc. bought a new position in shares of Texas Roadhouse during the 4th quarter worth approximately $55,177,000. 94.82% of the stock is 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.