Texas Roadhouse (NASDAQ:TXRH) Reaches New 1-Year High – Should You Buy?

Shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) hit a new 52-week high on Tuesday . The stock traded as high as $203.46 and last traded at $203.30, with a volume of 142338 shares. The stock had previously closed at $202.12.

Wall Street Analyst Weigh In

Several equities analysts have commented on TXRH shares. Morgan Stanley raised their price objective on Texas Roadhouse from $200.00 to $205.00 and gave the company an “equal weight” rating in a research report on Friday, October 25th. Stifel Nicolaus boosted their price objective on shares of Texas Roadhouse from $180.00 to $195.00 and gave the stock a “hold” rating in a research note on Friday, October 25th. Wedbush upped their price objective on shares of Texas Roadhouse from $190.00 to $200.00 and gave the stock an “outperform” rating in a report on Friday, October 25th. Citigroup lifted their target price on shares of Texas Roadhouse from $192.00 to $201.00 and gave the company a “buy” rating in a report on Tuesday, October 1st. Finally, Bank of America upped their price target on Texas Roadhouse from $206.00 to $234.00 and gave the stock a “buy” rating in a research note on Tuesday, October 22nd. Twelve equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $189.00.

Texas Roadhouse Price Performance

The company has a market cap of $13.57 billion, a PE ratio of 34.94, a PEG ratio of 1.72 and a beta of 0.98. The business has a 50-day moving average of $185.86 and a 200 day moving average of $174.61.

Texas Roadhouse (NASDAQ:TXRH) last issued its quarterly earnings data on Thursday, October 24th. The restaurant operator reported $1.26 earnings per share for the quarter, missing the consensus estimate of $1.32 by ($0.06). The business had revenue of $1.27 billion during the quarter, compared to the consensus estimate of $1.27 billion. Texas Roadhouse had a return on equity of 31.33% and a net margin of 7.65%. Texas Roadhouse’s revenue for the quarter was up 13.5% on a year-over-year basis. During the same quarter last year, the company earned $0.95 EPS. On average, equities analysts predict that Texas Roadhouse, Inc. will post 6.39 EPS for the current fiscal year.

Texas Roadhouse Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 10th will be paid a dividend of $0.61 per share. This represents a $2.44 annualized dividend and a dividend yield of 1.20%. The ex-dividend date of this dividend is Tuesday, December 10th. Texas Roadhouse’s dividend payout ratio is presently 41.92%.

Insider Activity

In related news, CTO Hernan E. Mujica sold 1,500 shares of Texas Roadhouse stock in a transaction on Thursday, November 14th. The shares were sold at an average price of $202.26, for a total transaction of $303,390.00. Following the transaction, the chief technology officer now owns 16,342 shares in the company, valued at approximately $3,305,332.92. The trade was a 8.41 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Donna E. Epps sold 610 shares of the stock in a transaction on Monday, November 11th. The stock was sold at an average price of $195.66, for a total value of $119,352.60. Following the completion of the sale, the director now owns 3,532 shares of the company’s stock, valued at $691,071.12. The trade was a 14.73 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.50% of the company’s stock.

Hedge Funds Weigh In On Texas Roadhouse

Large investors have recently made changes to their positions in the business. Thurston Springer Miller Herd & Titak Inc. purchased a new position in Texas Roadhouse in the 2nd quarter worth approximately $25,000. Hollencrest Capital Management bought a new stake in shares of Texas Roadhouse during the second quarter valued at approximately $25,000. McClarren Financial Advisors Inc. lifted its holdings in shares of Texas Roadhouse by 4,175.0% in the second quarter. McClarren Financial Advisors Inc. now owns 171 shares of the restaurant operator’s stock worth $29,000 after buying an additional 167 shares in the last quarter. True Wealth Design LLC purchased a new position in shares of Texas Roadhouse in the third quarter worth $30,000. Finally, PSI Advisors LLC boosted its position in shares of Texas Roadhouse by 70.8% during the third quarter. PSI Advisors LLC now owns 181 shares of the restaurant operator’s stock worth $32,000 after acquiring an additional 75 shares during the last quarter. 94.82% of the stock is currently 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.