Texas Roadhouse (NASDAQ:TXRH) Hits New 12-Month High – What’s Next?

Texas Roadhouse, Inc. (NASDAQ:TXRH)’s stock price reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $203.46 and last traded at $203.30, with a volume of 142338 shares trading hands. The stock had previously closed at $202.12.

Analysts Set New Price Targets

TXRH has been the subject of several analyst reports. Loop Capital cut their target price on Texas Roadhouse from $215.00 to $209.00 and set a “buy” rating for the company in a research note on Monday, October 28th. Citigroup boosted their price objective on shares of Texas Roadhouse from $192.00 to $201.00 and gave the company a “buy” rating in a research note on Tuesday, October 1st. Evercore ISI increased their target price on shares of Texas Roadhouse from $195.00 to $200.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 15th. Wedbush boosted their price target on shares of Texas Roadhouse from $190.00 to $200.00 and gave the company an “outperform” rating in a research report on Friday, October 25th. Finally, UBS Group increased their price objective on Texas Roadhouse from $200.00 to $210.00 and gave the stock a “buy” rating in a research report on Friday, October 25th. Twelve analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $189.00.

Texas Roadhouse Stock Performance

The company has a market cap of $13.57 billion, a PE ratio of 34.94, a PEG ratio of 1.72 and a beta of 0.98. The stock’s 50 day moving average price is $185.86 and its 200-day moving average price is $174.61.

Texas Roadhouse (NASDAQ:TXRH) last posted its quarterly earnings results on Thursday, October 24th. The restaurant operator reported $1.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.32 by ($0.06). The business had revenue of $1.27 billion for the quarter, compared to analysts’ expectations of $1.27 billion. Texas Roadhouse had a net margin of 7.65% and a return on equity of 31.33%. The business’s quarterly revenue was up 13.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.95 earnings per share. On average, analysts anticipate that Texas Roadhouse, Inc. will post 6.39 EPS for the current year.

Texas Roadhouse Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 10th will be paid a $0.61 dividend. The ex-dividend date of this dividend is Tuesday, December 10th. This represents a $2.44 dividend on an annualized basis and a yield of 1.20%. Texas Roadhouse’s dividend payout ratio (DPR) is currently 41.92%.

Insider Buying and Selling at Texas Roadhouse

In other news, Director Donna E. Epps sold 610 shares of the company’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $195.66, for a total transaction of $119,352.60. Following the completion of the transaction, the director now directly owns 3,532 shares of the company’s stock, valued at approximately $691,071.12. This represents a 14.73 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CTO Hernan E. Mujica sold 1,500 shares of the firm’s stock in a transaction dated Thursday, November 14th. The stock was sold at an average price of $202.26, for a total value of $303,390.00. Following the completion of the sale, the chief technology officer now directly owns 16,342 shares in the company, valued at $3,305,332.92. The trade was a 8.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.50% of the company’s stock.

Hedge Funds Weigh In On Texas Roadhouse

Hedge funds have recently made changes to their positions in the business. Thurston Springer Miller Herd & Titak Inc. bought a new stake in Texas Roadhouse in the second quarter valued at $25,000. Hollencrest Capital Management bought a new stake in shares of Texas Roadhouse during the 2nd quarter valued at about $25,000. McClarren Financial Advisors Inc. increased its position in shares of Texas Roadhouse by 4,175.0% during the second quarter. McClarren Financial Advisors Inc. now owns 171 shares of the restaurant operator’s stock valued at $29,000 after buying an additional 167 shares during the period. True Wealth Design LLC purchased a new position in shares of Texas Roadhouse during the third quarter valued at about $30,000. Finally, PSI Advisors LLC raised its stake in Texas Roadhouse by 70.8% in the third quarter. PSI Advisors LLC now owns 181 shares of the restaurant operator’s stock worth $32,000 after buying an additional 75 shares in the last quarter. 94.82% of the stock is owned by hedge funds and other institutional investors.

About Texas Roadhouse

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.