Texas Roadhouse’s (TXRH) “Buy (B)” Rating Reiterated at Weiss Ratings

Weiss Ratings restated their buy (b) rating on shares of Texas Roadhouse (NASDAQ:TXRH) in a research note issued to investors on Friday morning,Weiss Ratings reports.

Other research analysts also recently issued research reports about the company. Citigroup boosted their target price on Texas Roadhouse from $180.00 to $197.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 29th. Guggenheim reissued a “buy” rating and set a $210.00 target price on shares of Texas Roadhouse in a research note on Tuesday, September 16th. JPMorgan Chase & Co. lowered their price objective on Texas Roadhouse from $200.00 to $182.00 and set a “neutral” rating for the company in a research note on Tuesday, October 7th. Truist Financial set a $212.00 price objective on Texas Roadhouse and gave the company a “buy” rating in a research note on Wednesday, July 2nd. Finally, The Goldman Sachs Group lowered their price objective on Texas Roadhouse from $200.00 to $180.00 and set a “neutral” rating for the company in a research note on Wednesday, October 1st. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $197.16.

Texas Roadhouse Trading Down 0.5%

Shares of NASDAQ TXRH opened at $175.54 on Friday. The company has a market cap of $11.66 billion, a price-to-earnings ratio of 26.80, a PEG ratio of 2.60 and a beta of 0.82. Texas Roadhouse has a 12 month low of $148.73 and a 12 month high of $206.04. The stock has a 50-day moving average price of $169.29 and a two-hundred day moving average price of $177.68.

Texas Roadhouse (NASDAQ:TXRH) last issued its earnings results on Thursday, August 7th. The restaurant operator reported $1.86 EPS for the quarter, missing the consensus estimate of $1.95 by ($0.09). The business had revenue of $1.51 billion for the quarter, compared to analyst estimates of $1.50 billion. Texas Roadhouse had a return on equity of 31.52% and a net margin of 7.72%.The firm’s revenue was up 12.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.79 EPS. On average, sell-side analysts predict that Texas Roadhouse will post 7.23 earnings per share for the current year.

Texas Roadhouse Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Tuesday, September 2nd were issued a $0.68 dividend. The ex-dividend date was Tuesday, September 2nd. This represents a $2.72 annualized dividend and a yield of 1.5%. Texas Roadhouse’s dividend payout ratio is presently 41.53%.

Insider Activity at Texas Roadhouse

In related news, CTO Hernan E. Mujica sold 2,189 shares of the company’s stock in a transaction that occurred on Thursday, August 21st. The stock was sold at an average price of $172.40, for a total value of $377,383.60. Following the sale, the chief technology officer directly owned 17,553 shares in the company, valued at $3,026,137.20. This represents a 11.09% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Gregory N. Moore sold 3,000 shares of the company’s stock in a transaction that occurred on Monday, August 18th. The shares were sold at an average price of $173.06, for a total value of $519,180.00. Following the completion of the sale, the director owned 34,550 shares in the company, valued at $5,979,223. The trade was a 7.99% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 8,342 shares of company stock worth $1,443,704 over the last ninety days. Insiders own 0.50% of the company’s stock.

Institutional Trading of Texas Roadhouse

Several institutional investors have recently added to or reduced their stakes in TXRH. GAMMA Investing LLC boosted its holdings in Texas Roadhouse by 16.1% in the first quarter. GAMMA Investing LLC now owns 1,951 shares of the restaurant operator’s stock valued at $325,000 after acquiring an additional 271 shares during the last quarter. Janney Montgomery Scott LLC boosted its holdings in shares of Texas Roadhouse by 65.1% during the 1st quarter. Janney Montgomery Scott LLC now owns 8,499 shares of the restaurant operator’s stock worth $1,416,000 after buying an additional 3,352 shares in the last quarter. Cambridge Investment Research Advisors Inc. boosted its holdings in shares of Texas Roadhouse by 23.3% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 3,065 shares of the restaurant operator’s stock worth $511,000 after buying an additional 580 shares in the last quarter. Golden State Wealth Management LLC boosted its holdings in shares of Texas Roadhouse by 157.3% during the 1st quarter. Golden State Wealth Management LLC now owns 4,658 shares of the restaurant operator’s stock worth $776,000 after buying an additional 2,848 shares in the last quarter. Finally, Park Place Capital Corp boosted its holdings in shares of Texas Roadhouse by 459.1% during the 1st quarter. Park Place Capital Corp now owns 369 shares of the restaurant operator’s stock worth $61,000 after buying an additional 303 shares in the last quarter. 94.82% of the stock is currently owned by 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.