Texas Roadhouse, Inc. (NASDAQ:TXRH) Given Average Recommendation of “Hold” by Brokerages

Texas Roadhouse, Inc. (NASDAQ:TXRH) has earned a consensus rating of “Hold” from the twenty-two ratings firms that are presently covering the company, Marketbeat Ratings reports. Twelve equities research analysts have rated the stock with a hold recommendation and ten have issued a buy recommendation on the company. The average 1 year target price among brokerages that have covered the stock in the last year is $157.86.

Several research analysts have recently commented on TXRH shares. Benchmark started coverage on Texas Roadhouse in a research note on Wednesday, April 10th. They set a “hold” rating for the company. Stifel Nicolaus upped their price objective on shares of Texas Roadhouse from $155.00 to $175.00 and gave the company a “hold” rating in a report on Monday, May 6th. Jefferies Financial Group increased their price objective on shares of Texas Roadhouse from $120.00 to $136.00 and gave the company a “hold” rating in a research report on Tuesday, April 16th. Morgan Stanley lifted their target price on shares of Texas Roadhouse from $145.00 to $155.00 and gave the stock an “equal weight” rating in a report on Friday, May 3rd. Finally, Stephens increased their price target on shares of Texas Roadhouse from $150.00 to $164.00 and gave the company an “equal weight” rating in a report on Friday, May 3rd.

Insider Buying and Selling

In other Texas Roadhouse news, Director Curtis Warfield sold 1,025 shares of the stock in a transaction dated Wednesday, May 8th. The stock was sold at an average price of $165.82, for a total value of $169,965.50. Following the completion of the transaction, the director now directly owns 12,372 shares in the company, valued at $2,051,525.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other Texas Roadhouse news, CTO Hernan E. Mujica sold 3,000 shares of the business’s stock in a transaction that occurred on Monday, May 20th. The shares were sold at an average price of $168.60, for a total transaction of $505,800.00. Following the sale, the chief technology officer now directly owns 17,842 shares of the company’s stock, valued at approximately $3,008,161.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Curtis Warfield sold 1,025 shares of the firm’s stock in a transaction on Wednesday, May 8th. The shares were sold at an average price of $165.82, for a total transaction of $169,965.50. Following the transaction, the director now directly owns 12,372 shares of the company’s stock, valued at approximately $2,051,525.04. The disclosure for this sale can be found here. Insiders have sold 19,025 shares of company stock worth $3,251,266 in the last 90 days. Insiders own 0.50% of the company’s stock.

Institutional Trading of Texas Roadhouse

Institutional investors have recently modified their holdings of the business. LRI Investments LLC bought a new stake in shares of Texas Roadhouse in the 1st quarter valued at about $25,000. Operose Advisors LLC acquired a new stake in Texas Roadhouse during the 3rd quarter valued at approximately $28,000. Rise Advisors LLC acquired a new stake in Texas Roadhouse during the 1st quarter valued at approximately $32,000. China Universal Asset Management Co. Ltd. raised its holdings in Texas Roadhouse by 454.5% during the 1st quarter. China Universal Asset Management Co. Ltd. now owns 244 shares of the restaurant operator’s stock worth $38,000 after purchasing an additional 200 shares during the last quarter. Finally, TFC Financial Management Inc. lifted its position in shares of Texas Roadhouse by 100.0% in the 4th quarter. TFC Financial Management Inc. now owns 580 shares of the restaurant operator’s stock worth $71,000 after purchasing an additional 290 shares during the period. Institutional investors own 94.82% of the company’s stock.

Texas Roadhouse Trading Down 0.6 %

NASDAQ:TXRH opened at $166.64 on Thursday. The stock has a market capitalization of $11.13 billion, a PE ratio of 33.73, a P/E/G ratio of 1.63 and a beta of 1.01. Texas Roadhouse has a 1-year low of $91.06 and a 1-year high of $175.72. The firm has a fifty day simple moving average of $167.86 and a 200 day simple moving average of $148.43.

Texas Roadhouse (NASDAQ:TXRH) last announced its quarterly earnings data on Thursday, May 2nd. The restaurant operator reported $1.69 EPS for the quarter, beating analysts’ consensus estimates of $1.65 by $0.04. Texas Roadhouse had a net margin of 6.94% and a return on equity of 28.85%. The company had revenue of $1.32 billion during the quarter, compared to the consensus estimate of $1.32 billion. During the same quarter last year, the firm posted $1.28 EPS. The company’s quarterly revenue was up 12.5% on a year-over-year basis. On average, equities analysts predict that Texas Roadhouse will post 6.02 earnings per share for the current fiscal year.

Texas Roadhouse Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 25th. Stockholders of record on Wednesday, June 12th were paid a $0.61 dividend. This represents a $2.44 dividend on an annualized basis and a dividend yield of 1.46%. The ex-dividend date was Wednesday, June 12th. Texas Roadhouse’s payout ratio is 49.39%.

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.