Texas Roadhouse, Inc. (NASDAQ:TXRH) Receives $193.21 Consensus PT from Analysts

Texas Roadhouse, Inc. (NASDAQ:TXRH) has received a consensus rating of “Moderate Buy” from the twenty-three research firms that are covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating, ten have given a buy rating and two have assigned a strong buy rating to the company. The average 1-year price objective among analysts that have covered the stock in the last year is $192.9474.

Several equities analysts have commented on the stock. Stifel Nicolaus increased their price target on shares of Texas Roadhouse from $180.00 to $188.00 and gave the company a “hold” rating in a research note on Friday, July 25th. Barclays dropped their target price on shares of Texas Roadhouse from $187.00 to $170.00 and set an “equal weight” rating on the stock in a research report on Friday, November 7th. Evercore ISI lowered shares of Texas Roadhouse from an “outperform” rating to an “in-line” rating and set a $190.00 price target on the stock. in a research note on Thursday, September 4th. Mizuho upgraded shares of Texas Roadhouse to a “strong-buy” rating in a research note on Tuesday, October 28th. Finally, Morgan Stanley dropped their price objective on Texas Roadhouse from $210.00 to $205.00 and set an “overweight” rating on the stock in a report on Monday.

Texas Roadhouse Price Performance

Texas Roadhouse stock opened at $168.10 on Friday. The stock has a market cap of $11.17 billion, a PE ratio of 25.66, a P/E/G ratio of 2.50 and a beta of 0.87. The stock’s fifty day moving average is $167.14 and its two-hundred day moving average is $177.94. Texas Roadhouse has a 1-year low of $148.73 and a 1-year high of $206.04.

Texas Roadhouse (NASDAQ:TXRH) last released its quarterly earnings data on Thursday, November 6th. The restaurant operator reported $1.25 EPS for the quarter, missing analysts’ consensus estimates of $1.28 by ($0.03). Texas Roadhouse had a net margin of 7.72% and a return on equity of 31.52%. The business had revenue of $1.44 billion during the quarter, compared to analysts’ expectations of $1.43 billion. During the same quarter in the previous year, the company posted $1.26 EPS. The company’s revenue was up 12.8% compared to the same quarter last year. On average, research analysts expect that Texas Roadhouse will post 7.23 earnings per share for the current fiscal year.

Texas Roadhouse Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 30th. Shareholders of record on Tuesday, December 2nd will be given a dividend of $0.68 per share. The ex-dividend date of this dividend is Tuesday, December 2nd. This represents a $2.72 annualized dividend and a yield of 1.6%. Texas Roadhouse’s payout ratio is 41.59%.

Insider Buying and Selling at Texas Roadhouse

In other news, President Regina A. Tobin sold 3,153 shares of the stock in a transaction that occurred on Monday, August 18th. The stock was sold at an average price of $173.53, for a total value of $547,140.09. Following the completion of the sale, the president directly owned 15,261 shares of the company’s stock, valued at approximately $2,648,241.33. This represents a 17.12% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CTO Hernan E. Mujica sold 2,189 shares of the firm’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 transaction of $377,383.60. Following the transaction, the chief technology officer owned 17,553 shares in the company, valued at approximately $3,026,137.20. This trade represents a 11.09% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 8,342 shares of company stock worth $1,443,704. 0.50% of the stock is owned by insiders.

Institutional Investors Weigh In On Texas Roadhouse

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Alliancebernstein L.P. raised its stake in shares of Texas Roadhouse by 528.2% during the second quarter. Alliancebernstein L.P. now owns 3,172,738 shares of the restaurant operator’s stock worth $594,603,000 after purchasing an additional 2,667,716 shares during the last quarter. Axiom Investors LLC DE increased its stake in Texas Roadhouse by 3,696.7% in the 1st quarter. Axiom Investors LLC DE now owns 2,173,807 shares of the restaurant operator’s stock valued at $362,221,000 after buying an additional 2,116,552 shares during the period. Capital World Investors raised its position in Texas Roadhouse by 580.2% during the 3rd quarter. Capital World Investors now owns 2,236,885 shares of the restaurant operator’s stock worth $371,658,000 after buying an additional 1,908,033 shares during the last quarter. T. Rowe Price Investment Management Inc. raised its position in Texas Roadhouse by 209.3% during the 1st quarter. T. Rowe Price Investment Management Inc. now owns 1,609,608 shares of the restaurant operator’s stock worth $268,209,000 after buying an additional 1,089,256 shares during the last quarter. Finally, AQR Capital Management LLC lifted its stake in shares of Texas Roadhouse by 85.7% in the 2nd quarter. AQR Capital Management LLC now owns 2,343,000 shares of the restaurant operator’s stock worth $439,102,000 after acquiring an additional 1,081,413 shares during the period. 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.