Texas Roadhouse, Inc. (NASDAQ:TXRH) Receives Consensus Rating of “Hold” from Analysts

Shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) have received an average rating of “Hold” from the twenty-two analysts that are covering the stock, MarketBeat reports. Twelve analysts have rated the stock with a hold recommendation and ten have issued a buy recommendation on the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $169.48.

TXRH has been the subject of several recent analyst reports. Wells Fargo & Company upped their price objective on Texas Roadhouse from $165.00 to $175.00 and gave the stock an “equal weight” rating in a research report on Friday. Jefferies Financial Group upped their price objective on Texas Roadhouse from $120.00 to $136.00 and gave the stock a “hold” rating in a research report on Tuesday, April 16th. Evercore ISI increased their target price on Texas Roadhouse from $175.00 to $195.00 and gave the company an “outperform” rating in a research report on Friday. Truist Financial increased their target price on Texas Roadhouse from $185.00 to $196.00 and gave the company a “buy” rating in a research report on Friday. Finally, Wedbush increased their target price on Texas Roadhouse from $180.00 to $190.00 and gave the company an “outperform” rating in a research report on Friday, July 19th.

Texas Roadhouse Stock Performance

NASDAQ:TXRH opened at $169.38 on Monday. The stock has a fifty day moving average price of $169.75 and a 200-day moving average price of $154.52. The company has a market cap of $11.31 billion, a price-to-earnings ratio of 34.29, a PEG ratio of 1.58 and a beta of 1.01. Texas Roadhouse has a fifty-two week low of $91.06 and a fifty-two week high of $175.72.

Texas Roadhouse (NASDAQ:TXRH) last released its earnings results on Thursday, July 25th. The restaurant operator reported $1.79 earnings per share for the quarter, beating analysts’ consensus estimates of $1.64 by $0.15. The firm had revenue of $1.34 billion during the quarter, compared to the consensus estimate of $1.34 billion. Texas Roadhouse had a return on equity of 30.94% and a net margin of 7.47%. The company’s revenue was up 14.5% compared to the same quarter last year. During the same period in the prior year, the company posted $1.22 EPS. Research analysts predict that Texas Roadhouse will post 6.23 EPS for the current fiscal year.

Texas Roadhouse Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 25th. Investors of record on Wednesday, June 12th were paid a dividend of $0.61 per share. The ex-dividend date of this dividend was Wednesday, June 12th. This represents a $2.44 annualized dividend and a yield of 1.44%. Texas Roadhouse’s dividend payout ratio is currently 49.39%.

Insider Buying and Selling

In related news, CEO Gerald L. Morgan sold 15,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 28th. The stock was sold at an average price of $171.70, for a total transaction of $2,575,500.00. Following the completion of the sale, the chief executive officer now owns 77,847 shares of the company’s stock, valued at $13,366,329.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, Director Curtis Warfield sold 1,025 shares of the firm’s stock in a transaction that occurred on Wednesday, May 8th. The stock was sold at an average price of $165.82, for a total transaction of $169,965.50. Following the completion of the sale, the director now owns 12,372 shares of the company’s stock, valued at $2,051,525.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Gerald L. Morgan sold 15,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 28th. The stock was sold at an average price of $171.70, for a total value of $2,575,500.00. Following the sale, the chief executive officer now directly owns 77,847 shares of the company’s stock, valued at approximately $13,366,329.90. The disclosure for this sale can be found here. Insiders sold 19,025 shares of company stock valued at $3,251,266 over the last 90 days. Company insiders own 0.50% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Bridgefront Capital LLC bought a new position in Texas Roadhouse in the fourth quarter worth approximately $736,000. Ontario Teachers Pension Plan Board bought a new position in Texas Roadhouse in the first quarter worth approximately $2,338,000. Bank of Nova Scotia boosted its holdings in Texas Roadhouse by 5,135.0% in the fourth quarter. Bank of Nova Scotia now owns 222,538 shares of the restaurant operator’s stock worth $27,200,000 after acquiring an additional 218,287 shares in the last quarter. Los Angeles Capital Management LLC boosted its holdings in Texas Roadhouse by 158.3% in the first quarter. Los Angeles Capital Management LLC now owns 22,510 shares of the restaurant operator’s stock worth $3,477,000 after acquiring an additional 13,795 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. bought a new position in Texas Roadhouse in the first quarter worth approximately $4,522,000. Institutional investors own 94.82% of the company’s stock.

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.