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

Shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) have been given a consensus rating of “Moderate Buy” by the twenty-four analysts that are currently covering the company, Marketbeat.com reports. Thirteen investment analysts have rated the stock with a hold recommendation, ten have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price target among brokers that have covered the stock in the last year is $196.70.

TXRH has been the subject of a number of analyst reports. Benchmark reiterated a “hold” rating on shares of Texas Roadhouse in a research report on Monday, February 23rd. Truist Financial dropped their price target on shares of Texas Roadhouse from $188.00 to $186.00 and set a “hold” rating for the company in a research report on Friday, February 20th. Sanford C. Bernstein set a $185.00 price target on shares of Texas Roadhouse in a research report on Wednesday, January 7th. KeyCorp reiterated a “sector weight” rating on shares of Texas Roadhouse in a research report on Friday, February 20th. Finally, Stephens lifted their price target on shares of Texas Roadhouse from $168.00 to $180.00 and gave the company an “equal weight” rating in a research report on Friday, February 20th.

Insider Buying and Selling

In other news, Director Gregory N. Moore sold 1,700 shares of Texas Roadhouse stock in a transaction that occurred on Friday, March 6th. The shares were sold at an average price of $171.59, for a total value of $291,703.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Hugh J. Carroll sold 988 shares of Texas Roadhouse stock in a transaction that occurred on Monday, March 16th. The shares were sold at an average price of $170.96, for a total transaction of $168,908.48. Following the completion of the sale, the director owned 866 shares of the company’s stock, valued at approximately $148,051.36. The trade was a 53.29% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 22,988 shares of company stock valued at $4,133,794 in the last quarter. Corporate insiders own 0.50% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Caldwell Trust Co bought a new position in shares of Texas Roadhouse in the 2nd quarter valued at $28,000. Elyxium Wealth LLC acquired a new position in shares of Texas Roadhouse during the 4th quarter worth $25,000. Princeton Global Asset Management LLC acquired a new position in shares of Texas Roadhouse during the 4th quarter worth $31,000. Measured Wealth Private Client Group LLC acquired a new position in shares of Texas Roadhouse during the 3rd quarter worth $33,000. Finally, Garton & Associates Financial Advisors LLC acquired a new position in shares of Texas Roadhouse during the 4th quarter worth $34,000. 94.82% of the stock is currently owned by institutional investors and hedge funds.

Texas Roadhouse Stock Down 2.0%

Shares of NASDAQ:TXRH opened at $159.94 on Wednesday. Texas Roadhouse has a 12-month low of $150.84 and a 12-month high of $199.99. The stock has a market cap of $10.54 billion, a PE ratio of 26.26, a P/E/G ratio of 1.77 and a beta of 0.88. The business has a 50 day moving average of $175.62 and a 200-day moving average of $173.37.

Texas Roadhouse (NASDAQ:TXRH) last issued its quarterly earnings data on Thursday, February 19th. The restaurant operator reported $1.28 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.53 by ($0.25). Texas Roadhouse had a return on equity of 27.88% and a net margin of 6.90%.The firm had revenue of $1.48 billion for the quarter, compared to the consensus estimate of $1.50 billion. During the same quarter in the prior year, the firm earned $1.73 EPS. The company’s revenue was up 3.1% on a year-over-year basis. Equities research analysts expect that Texas Roadhouse will post 7.23 earnings per share for the current year.

Texas Roadhouse Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 17th were given a $0.75 dividend. The ex-dividend date was Tuesday, March 17th. This is a positive change from Texas Roadhouse’s previous quarterly dividend of $0.68. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.9%. Texas Roadhouse’s dividend payout ratio (DPR) is presently 49.26%.

Texas Roadhouse Company Profile

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.