Texas Roadhouse, Inc. (NASDAQ:TXRH) Receives Consensus Rating of “Moderate Buy” from Brokerages

Shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) have earned an average recommendation of “Moderate Buy” from the twenty-three analysts that are presently covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, nine have given a hold recommendation, eleven have issued a buy recommendation and two have given a strong buy recommendation to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $194.2632.

A number of analysts have weighed in on TXRH shares. UBS Group reissued a “buy” rating on shares of Texas Roadhouse in a report on Monday, November 10th. Zacks Research cut shares of Texas Roadhouse from a “hold” rating to a “strong sell” rating in a research note on Wednesday, October 22nd. Truist Financial cut their price target on Texas Roadhouse from $210.00 to $195.00 and set a “buy” rating for the company in a report on Friday, November 7th. Weiss Ratings reissued a “buy (b-)” rating on shares of Texas Roadhouse in a report on Monday, December 22nd. Finally, Royal Bank Of Canada cut their target price on Texas Roadhouse from $185.00 to $175.00 and set a “sector perform” rating for the company in a research note on Friday, November 7th.

Texas Roadhouse Stock Down 0.0%

Texas Roadhouse stock opened at $170.75 on Monday. Texas Roadhouse has a 12 month low of $148.73 and a 12 month high of $199.99. The company’s fifty day simple moving average is $169.69 and its 200-day simple moving average is $174.44. The stock has a market cap of $11.30 billion, a P/E ratio of 26.11, a P/E/G ratio of 2.78 and a beta of 0.88.

Texas Roadhouse (NASDAQ:TXRH) last issued its quarterly earnings data on Thursday, November 6th. The restaurant operator reported $1.25 earnings per share for the quarter, missing analysts’ consensus estimates of $1.28 by ($0.03). Texas Roadhouse had a net margin of 7.49% and a return on equity of 30.59%. The company had revenue of $1.44 billion during the quarter, compared to the consensus estimate of $1.43 billion. During the same period in the previous year, the business posted $1.26 earnings per share. The firm’s revenue was up 12.8% on a year-over-year basis. On average, equities research analysts expect that Texas Roadhouse will post 7.23 earnings per share for the current fiscal year.

Texas Roadhouse Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 30th. Investors of record on Tuesday, December 2nd will be issued a $0.68 dividend. This represents a $2.72 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date of this dividend is Tuesday, December 2nd. Texas Roadhouse’s payout ratio is currently 41.59%.

Insiders Place Their Bets

In other Texas Roadhouse news, Director Hugh J. Carroll sold 1,000 shares of the company’s stock in a transaction on Thursday, December 4th. The shares were sold at an average price of $167.27, for a total transaction of $167,270.00. Following the completion of the sale, the director owned 1,854 shares in the company, valued at approximately $310,118.58. The trade was a 35.04% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Gregory N. Moore sold 1,400 shares of the company’s stock in a transaction on Wednesday, December 3rd. The shares were sold at an average price of $170.00, for a total transaction of $238,000.00. Following the completion of the sale, the director owned 32,150 shares of the company’s stock, valued at approximately $5,465,500. This represents a 4.17% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.50% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Texas Roadhouse

Institutional investors have recently made changes to their positions in the company. Alliancebernstein L.P. boosted its position in Texas Roadhouse by 14.7% in the third quarter. Alliancebernstein L.P. now owns 3,638,914 shares of the restaurant operator’s stock valued at $604,606,000 after buying an additional 466,176 shares in the last quarter. Invesco Ltd. boosted its stake in Texas Roadhouse by 17.2% during the second quarter. Invesco Ltd. now owns 2,603,729 shares of the restaurant operator’s stock worth $487,965,000 after acquiring an additional 382,699 shares in the last quarter. AQR Capital Management LLC raised its stake in Texas Roadhouse by 85.7% during the 2nd quarter. AQR Capital Management LLC now owns 2,343,000 shares of the restaurant operator’s stock worth $439,102,000 after buying an additional 1,081,413 shares during the period. Capital World Investors increased its stake in Texas Roadhouse by 580.2% during the 3rd quarter. Capital World Investors now owns 2,236,885 shares of the restaurant operator’s stock valued at $371,658,000 after purchasing an additional 1,908,033 shares in the last quarter. Finally, Axiom Investors LLC DE boosted its stake in 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 purchasing an additional 2,116,552 shares during the last quarter. Institutional investors own 94.82% of the company’s stock.

About Texas Roadhouse

Texas Roadhouse, Inc is a casual dining restaurant chain specializing in hand‐cut steaks, fall‐off‐the‐bone ribs, chicken, seafood and house specialties. Each restaurant features a Western‐themed décor, open kitchens and a signature line dance presentation of fresh, made‐from‐scratch sides and breads. The company emphasizes an energetic dining experience, focusing on hospitality, value and a family‐friendly environment.

The concept was created in 1993 by founder Kent Taylor, who sought to combine high‐quality steaks with an approachable, community‐oriented atmosphere.