Texas Roadhouse, Inc. (NASDAQ:TXRH) Receives $208.48 Average Target Price from Analysts

Shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) have received an average rating of “Hold” from the twenty-three analysts that are covering the company, Marketbeat Ratings reports. Thirteen equities research analysts have rated the stock with a hold recommendation and ten have assigned a buy recommendation to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $208.4762.

Several brokerages have issued reports on TXRH. Robert W. Baird set a $235.00 price objective on shares of Texas Roadhouse in a research note on Friday, August 7th. BMO Capital Markets raised their target price on shares of Texas Roadhouse from $165.00 to $180.00 and gave the stock a “market perform” rating in a research note on Thursday, May 21st. Morgan Stanley reaffirmed an “overweight” rating and issued a $212.00 target price on shares of Texas Roadhouse in a report on Friday, August 7th. Mizuho boosted their price target on shares of Texas Roadhouse from $190.00 to $230.00 and gave the stock an “outperform” rating in a research note on Friday, July 31st. Finally, Stifel Nicolaus increased their price target on shares of Texas Roadhouse from $170.00 to $180.00 and gave the stock a “hold” rating in a report on Tuesday, May 12th.

Texas Roadhouse Trading Down 1.3%

Shares of TXRH stock opened at $204.40 on Tuesday. The company has a market capitalization of $13.42 billion, a P/E ratio of 32.70, a price-to-earnings-growth ratio of 2.05 and a beta of 0.79. The company has a current ratio of 0.46, a quick ratio of 0.39 and a debt-to-equity ratio of 0.03. The business’s 50 day moving average is $192.30 and its two-hundred day moving average is $179.57. Texas Roadhouse has a twelve month low of $153.82 and a twelve month high of $216.30.

Texas Roadhouse (NASDAQ:TXRH) last released its quarterly earnings results on Thursday, August 6th. The restaurant operator reported $1.85 EPS for the quarter, topping the consensus estimate of $1.83 by $0.02. Texas Roadhouse had a return on equity of 27.20% and a net margin of 6.63%.The business had revenue of $1.68 billion during the quarter, compared to analysts’ expectations of $1.67 billion. During the same quarter in the prior year, the business earned $1.86 earnings per share. The company’s quarterly revenue was up 11.1% compared to the same quarter last year. Equities analysts forecast that Texas Roadhouse will post 6.63 EPS for the current year.

Texas Roadhouse Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 29th. Shareholders of record on Tuesday, September 1st will be given a dividend of $0.75 per share. The ex-dividend date is Tuesday, September 1st. This represents a $3.00 annualized dividend and a yield of 1.5%. Texas Roadhouse’s payout ratio is presently 48.00%.

Insider Transactions at Texas Roadhouse

In related news, Director Gregory N. Moore sold 3,000 shares of the company’s stock in a transaction on Tuesday, August 11th. The stock was sold at an average price of $208.32, for a total transaction of $624,960.00. Following the transaction, the director owned 26,900 shares of the company’s stock, valued at $5,603,808. This represents a 10.03% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, General Counsel Sean G. Renfroe sold 426 shares of the company’s stock in a transaction on Thursday, July 2nd. The stock was sold at an average price of $192.53, for a total value of $82,017.78. Following the transaction, the general counsel directly owned 860 shares in the company, valued at $165,575.80. This represents a 33.13% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 3,925 shares of company stock valued at $796,409. Corporate insiders own 0.50% of the company’s stock.

Institutional Investors Weigh In On Texas Roadhouse

Institutional investors have recently made changes to their positions in the stock. BlackRock Inc. purchased a new position in shares of Texas Roadhouse in the 2nd quarter valued at about $1,273,173,000. AQR Capital Management LLC grew its position in Texas Roadhouse by 27.4% during the fourth quarter. AQR Capital Management LLC now owns 2,674,102 shares of the restaurant operator’s stock worth $443,901,000 after buying an additional 575,685 shares during the period. Capital World Investors grew its position in Texas Roadhouse by 13.4% during the fourth quarter. Capital World Investors now owns 2,537,290 shares of the restaurant operator’s stock worth $421,190,000 after buying an additional 300,405 shares during the period. UBS Group AG increased its holdings in Texas Roadhouse by 60.4% in the fourth quarter. UBS Group AG now owns 1,387,454 shares of the restaurant operator’s stock valued at $230,317,000 after buying an additional 522,509 shares in the last quarter. Finally, Geode Capital Management LLC lifted its position in shares of Texas Roadhouse by 1.9% during the 4th quarter. Geode Capital Management LLC now owns 1,367,120 shares of the restaurant operator’s stock valued at $226,984,000 after acquiring an additional 24,834 shares during the period. 94.82% of the stock is currently owned by hedge funds and other institutional investors.

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.