Texas Roadhouse (NASDAQ:TXRH) Now Covered by Analysts at TD Cowen

TD Cowen started coverage on shares of Texas Roadhouse (NASDAQ:TXRH) in a research report released on Tuesday, Marketbeat.com reports. The brokerage issued a buy rating and a $215.00 price target on the restaurant operator’s stock.

TXRH has been the topic of a number of other research reports. BMO Capital Markets raised their target price on shares of Texas Roadhouse from $155.00 to $170.00 and gave the stock a “market perform” rating in a research note on Tuesday, January 6th. Cowen began coverage on shares of Texas Roadhouse in a research report on Tuesday. They set a “buy” rating on the stock. JPMorgan Chase & Co. lowered their target price on shares of Texas Roadhouse from $200.00 to $182.00 and set a “neutral” rating on the stock in a research note on Tuesday, October 7th. Wells Fargo & Company upgraded Texas Roadhouse from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $170.00 to $195.00 in a research note on Wednesday, December 17th. Finally, Wall Street Zen cut Texas Roadhouse from a “hold” rating to a “sell” rating in a report on Saturday, January 3rd. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and ten have assigned a Hold rating to the company. According to data from MarketBeat, Texas Roadhouse has a consensus rating of “Moderate Buy” and a consensus target price of $195.14.

Texas Roadhouse Trading Up 0.1%

TXRH opened at $194.75 on Tuesday. The firm’s 50 day simple moving average is $173.79 and its two-hundred day simple moving average is $173.49. The company has a market capitalization of $12.88 billion, a PE ratio of 29.78, a PEG ratio of 3.05 and a beta of 0.89. Texas Roadhouse has a 1-year low of $148.73 and a 1-year high of $199.99.

Texas Roadhouse (NASDAQ:TXRH) last announced its earnings results on Thursday, November 6th. The restaurant operator reported $1.25 EPS for the quarter, missing analysts’ consensus estimates of $1.28 by ($0.03). Texas Roadhouse had a return on equity of 30.59% and a net margin of 7.49%.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 prior year, the business posted $1.26 earnings per share. Texas Roadhouse’s revenue for the quarter was up 12.8% compared to the same quarter last year. Equities analysts forecast that Texas Roadhouse will post 7.23 earnings per share for the current fiscal year.

Texas Roadhouse Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 30th. Investors of record on Tuesday, December 2nd were given a $0.68 dividend. This represents a $2.72 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date was Tuesday, December 2nd. Texas Roadhouse’s payout ratio is currently 41.59%.

Insider Buying and Selling at Texas Roadhouse

In other Texas Roadhouse news, Director Hugh J. Carroll sold 1,000 shares of Texas Roadhouse stock in a transaction that occurred on Thursday, December 4th. The stock was sold at an average price of $167.27, for a total value of $167,270.00. Following the sale, the director owned 1,854 shares of the company’s stock, valued at $310,118.58. The trade was a 35.04% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Gregory N. Moore sold 1,400 shares of the company’s stock in a transaction that occurred on Wednesday, December 3rd. The stock was sold at an average price of $170.00, for a total value of $238,000.00. Following the sale, the director directly owned 32,150 shares in the company, valued at $5,465,500. This trade represents a 4.17% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 7,400 shares of company stock worth $1,340,920 in the last quarter. 0.50% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Texas Roadhouse

Institutional investors have recently bought and sold shares of the business. NewEdge Advisors LLC increased its holdings in shares of Texas Roadhouse by 12.0% in the 1st quarter. NewEdge Advisors LLC now owns 2,423 shares of the restaurant operator’s stock worth $404,000 after buying an additional 259 shares during the last quarter. Focus Partners Wealth grew its position in Texas Roadhouse by 23.3% in the first quarter. Focus Partners Wealth now owns 6,124 shares of the restaurant operator’s stock worth $1,020,000 after acquiring an additional 1,157 shares in the last quarter. Geneos Wealth Management Inc. increased its stake in Texas Roadhouse by 36.0% during the first quarter. Geneos Wealth Management Inc. now owns 419 shares of the restaurant operator’s stock worth $70,000 after acquiring an additional 111 shares during the last quarter. Sivia Capital Partners LLC bought a new stake in Texas Roadhouse during the second quarter worth approximately $657,000. Finally, UMB Bank n.a. raised its position in Texas Roadhouse by 26.5% during the second quarter. UMB Bank n.a. now owns 1,016 shares of the restaurant operator’s stock valued at $190,000 after purchasing an additional 213 shares during the period. 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.