Analysts Set Texas Roadhouse, Inc. (NASDAQ:TXRH) Target Price at $195.25

Texas Roadhouse, Inc. (NASDAQ:TXRH) has received an average rating of “Moderate Buy” from the twenty-three brokerages that are presently covering the company, MarketBeat reports. Eleven analysts have rated the stock with a hold recommendation, eleven have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $195.25.

Several equities research analysts have weighed in on TXRH shares. Stephens set a $175.00 price target on shares of Texas Roadhouse in a research report on Monday. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Texas Roadhouse in a research note on Wednesday, October 8th. Guggenheim reaffirmed a “buy” rating and set a $210.00 price objective on shares of Texas Roadhouse in a research note on Tuesday, September 16th. Melius Research raised shares of Texas Roadhouse to a “strong-buy” rating in a research note on Monday, July 14th. Finally, The Goldman Sachs Group lowered their price objective on shares of Texas Roadhouse from $200.00 to $180.00 and set a “neutral” rating for the company in a research note on Wednesday, October 1st.

Insiders Place Their Bets

In other Texas Roadhouse news, President Regina A. Tobin sold 3,153 shares of the company’s stock in a transaction on Monday, August 18th. The shares were sold at an average price of $173.53, for a total value of $547,140.09. Following the completion of the transaction, the president directly owned 15,261 shares in the company, valued at approximately $2,648,241.33. This represents a 17.12% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Gregory N. Moore sold 3,000 shares of the stock in a transaction dated Monday, August 18th. The stock was sold at an average price of $173.06, for a total transaction of $519,180.00. Following the completion of the transaction, the director owned 34,550 shares of the company’s stock, valued at approximately $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. In the last ninety days, insiders sold 8,342 shares of company stock worth $1,443,704. 0.50% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of TXRH. Brooklyn Investment Group increased its stake in shares of Texas Roadhouse by 478.6% in the 1st quarter. Brooklyn Investment Group now owns 162 shares of the restaurant operator’s stock worth $27,000 after acquiring an additional 134 shares in the last quarter. Caldwell Trust Co bought a new position in shares of Texas Roadhouse in the 2nd quarter worth about $28,000. Bogart Wealth LLC bought a new position in shares of Texas Roadhouse in the 1st quarter worth about $33,000. Ameritas Advisory Services LLC purchased a new stake in Texas Roadhouse during the 2nd quarter valued at about $53,000. Finally, WPG Advisers LLC purchased a new stake in Texas Roadhouse during the 1st quarter valued at about $59,000. 94.82% of the stock is currently owned by institutional investors.

Texas Roadhouse Stock Performance

Shares of Texas Roadhouse stock opened at $177.48 on Wednesday. Texas Roadhouse has a 52-week low of $148.73 and a 52-week high of $206.04. The stock has a market capitalization of $11.79 billion, a price-to-earnings ratio of 27.10, a price-to-earnings-growth ratio of 2.56 and a beta of 0.82. The company has a fifty day moving average of $168.98 and a 200-day moving average of $176.87.

Texas Roadhouse (NASDAQ:TXRH) last announced its quarterly earnings data on Thursday, August 7th. The restaurant operator reported $1.86 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.95 by ($0.09). Texas Roadhouse had a net margin of 7.72% and a return on equity of 31.52%. The business had revenue of $1.51 billion during the quarter, compared to analysts’ expectations of $1.50 billion. During the same period last year, the company posted $1.79 EPS. Texas Roadhouse’s revenue for the quarter was up 12.7% on a year-over-year basis. On average, equities research analysts forecast that Texas Roadhouse will post 7.23 earnings per share for the current fiscal year.

Texas Roadhouse Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Tuesday, September 2nd were paid a dividend of $0.68 per share. This represents a $2.72 annualized dividend and a dividend yield of 1.5%. The ex-dividend date of this dividend was Tuesday, September 2nd. Texas Roadhouse’s dividend payout ratio is 41.53%.

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.