Texas Roadhouse, Inc. (NASDAQ:TXRH) Receives $195.25 Average PT from Analysts

Shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) have been assigned a consensus rating of “Moderate Buy” from the twenty-three research firms that are currently covering the firm, MarketBeat.com reports. Eleven analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $195.50.

A number of equities analysts have issued reports on TXRH shares. Guggenheim reaffirmed a “buy” rating and issued a $210.00 price objective on shares of Texas Roadhouse in a research note on Tuesday, September 16th. Stephens set a $175.00 price objective on shares of Texas Roadhouse in a research note on Monday, October 13th. Stifel Nicolaus raised their price objective 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 raised their price objective on shares of Texas Roadhouse from $175.00 to $189.00 and gave the company an “equal weight” rating in a research note on Thursday, July 17th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Texas Roadhouse in a research note on Wednesday, October 8th.

Insider Transactions at Texas Roadhouse

In other news, CTO Hernan E. Mujica sold 2,189 shares of Texas Roadhouse stock in a transaction on Thursday, August 21st. The shares were sold at an average price of $172.40, for a total transaction of $377,383.60. Following the transaction, the chief technology officer directly owned 17,553 shares of the company’s stock, valued at $3,026,137.20. This trade represents a 11.09% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, President Regina A. Tobin sold 3,153 shares of Texas Roadhouse stock in a transaction on Monday, August 18th. The stock was sold at an average price of $173.53, for a total transaction of $547,140.09. Following 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 ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 8,342 shares of company stock valued at $1,443,704 over the last three months. 0.50% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Texas Roadhouse

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Caldwell Trust Co acquired a new position in Texas Roadhouse in the 2nd quarter worth $28,000. Brooklyn Investment Group boosted its stake in 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 purchasing an additional 134 shares during the period. Bogart Wealth LLC acquired a new position in Texas Roadhouse in the 1st quarter worth $33,000. Ameritas Advisory Services LLC acquired a new position in Texas Roadhouse in the 2nd quarter worth $53,000. Finally, Salomon & Ludwin LLC increased its stake in Texas Roadhouse by 37.2% in the 3rd quarter. Salomon & Ludwin LLC now owns 299 shares of the restaurant operator’s stock valued at $50,000 after buying an additional 81 shares during the last quarter. 94.82% of the stock is owned by institutional investors.

Texas Roadhouse Price Performance

Shares of Texas Roadhouse stock opened at $178.03 on Wednesday. The firm has a market cap of $11.83 billion, a P/E ratio of 27.18, a P/E/G ratio of 2.65 and a beta of 0.82. The firm has a 50 day simple moving average of $169.09 and a 200 day simple moving average of $177.11. Texas Roadhouse has a fifty-two week low of $148.73 and a fifty-two week high of $206.04.

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 the consensus estimate of $1.50 billion. During the same period in the previous year, the business posted $1.79 earnings per share. Texas Roadhouse’s revenue was up 12.7% compared to the same quarter last year. On average, sell-side analysts expect that Texas Roadhouse will post 7.23 EPS for the current year.

Texas Roadhouse Dividend Announcement

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

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.