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

Shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) have earned an average recommendation of “Hold” from the twenty-three research firms that are presently covering the firm, Marketbeat Ratings reports. Twelve investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $189.00.

Several analysts have commented on the stock. BMO Capital Markets upped their target price on shares of Texas Roadhouse from $155.00 to $162.00 and gave the company a “market perform” rating in a research report on Friday, October 25th. Evercore ISI upped their price objective on Texas Roadhouse from $195.00 to $200.00 and gave the company an “outperform” rating in a report on Tuesday, October 15th. Bank of America raised their target price on Texas Roadhouse from $206.00 to $234.00 and gave the stock a “buy” rating in a report on Tuesday, October 22nd. Citigroup upped their price target on Texas Roadhouse from $192.00 to $201.00 and gave the company a “buy” rating in a research note on Tuesday, October 1st. Finally, Stifel Nicolaus lifted 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.

Insider Buying and Selling

In other news, CTO Hernan E. Mujica sold 1,500 shares of the stock in a transaction that occurred on Thursday, November 14th. The stock was sold at an average price of $202.26, for a total value of $303,390.00. Following the completion of the sale, the chief technology officer now owns 16,342 shares of the company’s stock, valued at approximately $3,305,332.92. This represents a 8.41 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Donna E. Epps sold 610 shares of the firm’s stock in a transaction on Monday, November 11th. The shares were sold at an average price of $195.66, for a total transaction of $119,352.60. Following the completion of the transaction, the director now directly owns 3,532 shares of the company’s stock, valued at $691,071.12. This represents a 14.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.50% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in Texas Roadhouse in the 2nd quarter valued at about $25,000. Hollencrest Capital Management bought a new position in shares of Texas Roadhouse during the 2nd quarter worth approximately $25,000. LRI Investments LLC bought a new position in shares of Texas Roadhouse during the 1st quarter worth approximately $25,000. True Wealth Design LLC acquired a new position in shares of Texas Roadhouse during the 3rd quarter worth approximately $30,000. Finally, McClarren Financial Advisors Inc. raised its stake in Texas Roadhouse by 4,175.0% in the 2nd quarter. McClarren Financial Advisors Inc. now owns 171 shares of the restaurant operator’s stock valued at $29,000 after acquiring an additional 167 shares during the period. Institutional investors own 94.82% of the company’s stock.

Texas Roadhouse Stock Up 0.9 %

Texas Roadhouse stock opened at $205.27 on Friday. The stock has a market cap of $13.69 billion, a price-to-earnings ratio of 35.27, a P/E/G ratio of 1.75 and a beta of 0.98. Texas Roadhouse has a 12-month low of $110.88 and a 12-month high of $206.04. The business’s 50-day simple moving average is $187.19 and its 200 day simple moving average is $175.13.

Texas Roadhouse (NASDAQ:TXRH) last issued its earnings results on Thursday, October 24th. The restaurant operator reported $1.26 earnings per share (EPS) 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 net margin of 7.65% and a return on equity of 31.33%. The firm’s revenue for the quarter was up 13.5% compared to the same quarter last year. During the same period last year, the business posted $0.95 EPS. As a group, sell-side analysts expect that Texas Roadhouse will post 6.39 EPS for the current year.

Texas Roadhouse Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 10th will be issued a $0.61 dividend. The ex-dividend date is Tuesday, December 10th. This represents a $2.44 dividend on an annualized basis and a dividend yield of 1.19%. Texas Roadhouse’s dividend payout ratio (DPR) is presently 41.92%.

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.