Texas Roadhouse, Inc. (NASDAQ:TXRH) Receives $191.71 Average Target Price from Analysts

Shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) have been assigned a consensus recommendation of “Moderate Buy” from the twenty-one analysts that are presently covering the firm, MarketBeat reports. Ten research analysts have rated the stock with a hold recommendation and eleven have issued a buy recommendation on the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $191.71.

A number of equities research analysts recently weighed in on the company. Barclays decreased their price objective on Texas Roadhouse from $179.00 to $175.00 and set an “equal weight” rating for the company in a research note on Friday, May 9th. The Goldman Sachs Group upped their price objective on Texas Roadhouse from $184.00 to $205.00 and gave the stock a “neutral” rating in a research note on Wednesday, June 4th. Stifel Nicolaus decreased their price target on Texas Roadhouse from $172.00 to $170.00 and set a “hold” rating for the company in a research note on Tuesday, April 15th. Robert W. Baird set a $180.00 price target on Texas Roadhouse and gave the company an “outperform” rating in a research note on Monday, April 7th. Finally, Wells Fargo & Company decreased their price target on Texas Roadhouse from $175.00 to $170.00 and set an “equal weight” rating for the company in a research note on Tuesday, April 22nd.

Insider Buying and Selling

In related news, Director Donna E. Epps sold 800 shares of the firm’s stock in a transaction dated Friday, May 23rd. The stock was sold at an average price of $186.52, for a total transaction of $149,216.00. Following the sale, the director now directly owns 4,632 shares of the company’s stock, valued at $863,960.64. This trade represents a 14.73% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Gregory N. Moore sold 1,000 shares of the firm’s stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $187.62, for a total value of $187,620.00. Following the completion of the sale, the director now directly owns 38,050 shares in the company, valued at approximately $7,138,941. The trade was a 2.56% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.50% of the stock is owned by corporate insiders.

Institutional Trading of Texas Roadhouse

Institutional investors have recently bought and sold shares of the business. KLP Kapitalforvaltning AS acquired a new stake in Texas Roadhouse in the fourth quarter valued at approximately $2,959,000. Zions Bancorporation N.A. grew its holdings in Texas Roadhouse by 19.5% in the fourth quarter. Zions Bancorporation N.A. now owns 13,152 shares of the restaurant operator’s stock valued at $2,373,000 after purchasing an additional 2,144 shares during the period. Bessemer Group Inc. grew its holdings in Texas Roadhouse by 4.3% in the fourth quarter. Bessemer Group Inc. now owns 176,065 shares of the restaurant operator’s stock valued at $31,768,000 after purchasing an additional 7,301 shares during the period. Chase Investment Counsel Corp acquired a new stake in Texas Roadhouse in the fourth quarter valued at approximately $316,000. Finally, Raymond James Financial Inc. acquired a new stake in Texas Roadhouse in the fourth quarter valued at approximately $55,177,000. 94.82% of the stock is owned by institutional investors and hedge funds.

Texas Roadhouse Trading Up 5.8%

TXRH opened at $192.88 on Thursday. The company has a market capitalization of $12.80 billion, a price-to-earnings ratio of 29.81, a PEG ratio of 1.23 and a beta of 0.90. Texas Roadhouse has a 12-month low of $148.73 and a 12-month high of $206.04. The business’s fifty day simple moving average is $179.24 and its 200-day simple moving average is $178.68.

Texas Roadhouse (NASDAQ:TXRH) last issued its quarterly earnings data on Thursday, May 8th. The restaurant operator reported $1.70 earnings per share for the quarter, missing analysts’ consensus estimates of $1.75 by ($0.05). The company had revenue of $1.45 billion for the quarter, compared to analysts’ expectations of $1.44 billion. Texas Roadhouse had a return on equity of 34.02% and a net margin of 8.07%. The company’s revenue for the quarter was up 11.8% compared to the same quarter last year. During the same quarter last year, the company earned $1.69 earnings per share. On average, equities research analysts predict that Texas Roadhouse will post 7.23 EPS for the current year.

Texas Roadhouse Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 1st. Investors of record on Tuesday, June 3rd will be issued a dividend of $0.68 per share. This represents a $2.72 annualized dividend and a yield of 1.41%. The ex-dividend date of this dividend is Tuesday, June 3rd. Texas Roadhouse’s dividend payout ratio (DPR) is 41.98%.

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.