Texas Roadhouse, Inc. (NASDAQ:TXRH) Receives $196.55 Average PT from Analysts

Texas Roadhouse, Inc. (NASDAQ:TXRH) has been given an average rating of “Moderate Buy” by the twenty-six analysts that are currently covering the firm, Marketbeat.com reports. Thirteen investment analysts have rated the stock with a hold recommendation, twelve have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price objective among brokers that have covered the stock in the last year is $196.5455.

A number of research analysts have recently weighed in on the company. Sanford C. Bernstein set a $185.00 price objective on Texas Roadhouse in a report on Wednesday, January 7th. Wells Fargo & Company lifted their target price on Texas Roadhouse from $195.00 to $220.00 and gave the stock an “overweight” rating in a report on Thursday, January 22nd. Truist Financial dropped their target price on Texas Roadhouse from $188.00 to $186.00 and set a “hold” rating on the stock in a research report on Friday, February 20th. Mizuho increased their price target on shares of Texas Roadhouse from $190.00 to $200.00 and gave the stock an “outperform” rating in a report on Thursday, February 12th. Finally, Morgan Stanley reduced their price target on shares of Texas Roadhouse from $208.00 to $202.00 and set an “overweight” rating for the company in a research report on Monday, February 23rd.

Insider Buying and Selling at Texas Roadhouse

In other Texas Roadhouse news, Director Donna E. Epps sold 850 shares of the company’s stock in a transaction on Friday, March 6th. The shares were sold at an average price of $172.45, for a total value of $146,582.50. Following the sale, the director directly owned 4,892 shares of the company’s stock, valued at approximately $843,625.40. This represents a 14.80% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CTO Hernan E. Mujica sold 5,000 shares of the stock in a transaction dated Friday, March 13th. The stock was sold at an average price of $170.00, for a total value of $850,000.00. Following the sale, the chief technology officer directly owned 15,552 shares in the company, valued at $2,643,840. This represents a 24.33% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 17,550 shares of company stock worth $3,203,936. 0.50% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Texas Roadhouse

Several institutional investors and hedge funds have recently modified their holdings of the stock. NewEdge Advisors LLC raised its position in Texas Roadhouse by 12.0% during the first quarter. NewEdge Advisors LLC now owns 2,423 shares of the restaurant operator’s stock valued at $404,000 after acquiring an additional 259 shares in the last quarter. Focus Partners Wealth lifted its holdings in Texas Roadhouse by 23.3% in the first quarter. Focus Partners Wealth now owns 6,124 shares of the restaurant operator’s stock valued at $1,020,000 after acquiring an additional 1,157 shares during the period. Geneos Wealth Management Inc. boosted its position in Texas Roadhouse by 36.0% in the 1st quarter. Geneos Wealth Management Inc. now owns 419 shares of the restaurant operator’s stock worth $70,000 after purchasing an additional 111 shares in the last quarter. Sivia Capital Partners LLC acquired a new stake in shares of Texas Roadhouse during the 2nd quarter worth approximately $657,000. Finally, Aviva PLC grew its stake in shares of Texas Roadhouse by 4.2% during the 2nd quarter. Aviva PLC now owns 2,428 shares of the restaurant operator’s stock worth $455,000 after purchasing an additional 98 shares during the period. Institutional investors and hedge funds own 94.82% of the company’s stock.

Texas Roadhouse Price Performance

Shares of TXRH opened at $171.23 on Friday. The firm has a market capitalization of $11.33 billion, a PE ratio of 28.12, a price-to-earnings-growth ratio of 1.84 and a beta of 0.86. Texas Roadhouse has a 1-year low of $148.73 and a 1-year high of $199.99. The company’s fifty day moving average price is $182.81 and its 200-day moving average price is $173.53.

Texas Roadhouse (NASDAQ:TXRH) last released its earnings results on Thursday, February 19th. The restaurant operator reported $1.28 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.53 by ($0.25). Texas Roadhouse had a net margin of 6.90% and a return on equity of 27.88%. The firm had revenue of $1.48 billion during the quarter, compared to analyst estimates of $1.50 billion. During the same period in the previous year, the company earned $1.73 earnings per share. Texas Roadhouse’s revenue was up 3.1% on a year-over-year basis. As a group, research analysts anticipate that Texas Roadhouse will post 7.23 EPS for the current fiscal year.

Texas Roadhouse Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 17th will be paid a $0.75 dividend. The ex-dividend date is Tuesday, March 17th. This is an increase from Texas Roadhouse’s previous quarterly dividend of $0.68. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.8%. Texas Roadhouse’s dividend payout ratio (DPR) is currently 49.26%.

Texas Roadhouse Company Profile

Texas Roadhouse, Inc is a casual dining restaurant chain specializing in hand‐cut steaks, fall‐off‐the‐bone ribs, chicken, seafood and house specialties. Each restaurant features a Western‐themed décor, open kitchens and a signature line dance presentation of fresh, made‐from‐scratch sides and breads. The company emphasizes an energetic dining experience, focusing on hospitality, value and a family‐friendly environment.

The concept was created in 1993 by founder Kent Taylor, who sought to combine high‐quality steaks with an approachable, community‐oriented atmosphere.