Texas Roadhouse, Inc. (NASDAQ:TXRH) Given Consensus Rating of “Hold” by Analysts

Shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) have been assigned an average recommendation of “Hold” from the twenty-two analysts that are presently covering the company, MarketBeat Ratings reports. Twelve investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $157.86.

TXRH has been the topic of a number of research reports. BTIG Research upped their price target on shares of Texas Roadhouse from $155.00 to $175.00 and gave the stock a “buy” rating in a research note on Friday, May 3rd. JPMorgan Chase & Co. raised their price target on Texas Roadhouse from $145.00 to $184.00 and gave the stock a “neutral” rating in a research note on Tuesday, May 28th. Benchmark initiated coverage on Texas Roadhouse in a report on Wednesday, April 10th. They issued a “hold” rating on the stock. Wedbush lifted their target price on shares of Texas Roadhouse from $170.00 to $180.00 and gave the company an “outperform” rating in a research note on Friday, May 3rd. Finally, Evercore ISI increased their price target on shares of Texas Roadhouse from $160.00 to $175.00 and gave the stock an “outperform” rating in a research note on Friday, May 3rd.

Insider Buying and Selling

In other Texas Roadhouse news, Director Curtis Warfield sold 1,025 shares of the stock in a transaction on Wednesday, May 8th. The shares were sold at an average price of $165.82, for a total value of $169,965.50. Following the completion of the sale, the director now directly owns 12,372 shares of the company’s stock, valued at approximately $2,051,525.04. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, CEO Gerald L. Morgan sold 15,000 shares of the business’s stock in a transaction dated Tuesday, May 28th. The stock was sold at an average price of $171.70, for a total transaction of $2,575,500.00. Following the transaction, the chief executive officer now directly owns 77,847 shares in the company, valued at $13,366,329.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Curtis Warfield sold 1,025 shares of the firm’s stock in a transaction that occurred on Wednesday, May 8th. The stock was sold at an average price of $165.82, for a total value of $169,965.50. Following the completion of the sale, the director now owns 12,372 shares of the company’s stock, valued at approximately $2,051,525.04. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 19,025 shares of company stock valued at $3,251,266. 0.50% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of TXRH. LRI Investments LLC bought a new stake in Texas Roadhouse in the 1st quarter valued at $25,000. Operose Advisors LLC bought a new stake in Texas Roadhouse in the third quarter valued at about $28,000. Rise Advisors LLC acquired a new position in Texas Roadhouse in the first quarter worth about $32,000. China Universal Asset Management Co. Ltd. lifted its stake in Texas Roadhouse by 454.5% during the first quarter. China Universal Asset Management Co. Ltd. now owns 244 shares of the restaurant operator’s stock worth $38,000 after purchasing an additional 200 shares during the period. Finally, TFC Financial Management Inc. boosted its holdings in Texas Roadhouse by 100.0% during the fourth quarter. TFC Financial Management Inc. now owns 580 shares of the restaurant operator’s stock valued at $71,000 after purchasing an additional 290 shares in the last quarter. 94.82% of the stock is currently owned by institutional investors and hedge funds.

Texas Roadhouse Trading Down 0.8 %

Shares of NASDAQ TXRH opened at $170.36 on Thursday. Texas Roadhouse has a one year low of $91.06 and a one year high of $175.72. The business has a 50-day moving average price of $167.45 and a two-hundred day moving average price of $147.94. The firm has a market capitalization of $11.38 billion, a PE ratio of 34.49, a PEG ratio of 1.67 and a beta of 1.01.

Texas Roadhouse (NASDAQ:TXRH) last posted its quarterly earnings results on Thursday, May 2nd. The restaurant operator reported $1.69 EPS for the quarter, topping the consensus estimate of $1.65 by $0.04. Texas Roadhouse had a net margin of 6.94% and a return on equity of 28.85%. The business had revenue of $1.32 billion during the quarter, compared to analysts’ expectations of $1.32 billion. During the same period last year, the company posted $1.28 earnings per share. The firm’s quarterly revenue was up 12.5% compared to the same quarter last year. Research analysts anticipate that Texas Roadhouse will post 6.02 EPS for the current year.

Texas Roadhouse Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 25th. Stockholders of record on Wednesday, June 12th were paid a $0.61 dividend. The ex-dividend date was Wednesday, June 12th. This represents a $2.44 annualized dividend and a dividend yield of 1.43%. Texas Roadhouse’s payout ratio is 49.39%.

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.