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

Texas Roadhouse, Inc. (NASDAQ:TXRH) has earned an average recommendation of “Hold” from the twenty-five ratings firms that are presently covering the company, MarketBeat reports. Fourteen analysts have rated the stock with a hold recommendation and eleven have issued a buy recommendation on the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $190.91.

Several brokerages have commented on TXRH. Stifel Nicolaus boosted their price objective on shares of Texas Roadhouse from $180.00 to $195.00 and gave the company a “hold” rating in a research report on Friday, October 25th. Wedbush restated an “outperform” rating and set a $200.00 price objective on shares of Texas Roadhouse in a research report on Thursday, December 19th. Truist Financial raised their price objective on Texas Roadhouse from $207.00 to $209.00 and gave the company a “buy” rating in a research note on Wednesday, January 8th. Guggenheim boosted their target price on Texas Roadhouse from $190.00 to $195.00 and gave the stock a “buy” rating in a research note on Wednesday, September 25th. Finally, Loop Capital reduced their price target on shares of Texas Roadhouse from $215.00 to $209.00 and set a “buy” rating on the stock in a research note on Monday, October 28th.

Insider Buying and Selling

In related news, CTO Hernan E. Mujica sold 1,500 shares of the business’s stock in a transaction dated Thursday, November 14th. The shares were sold at an average price of $202.26, for a total transaction of $303,390.00. Following the transaction, the chief technology officer now directly owns 16,342 shares in the company, valued at approximately $3,305,332.92. The trade was a 8.41 % 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, insider Christopher C. Colson sold 1,370 shares of Texas Roadhouse stock in a transaction on Friday, January 10th. The stock was sold at an average price of $179.46, for a total value of $245,860.20. Following the sale, the insider now owns 10,000 shares in the company, valued at $1,794,600. This trade represents a 12.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 3,480 shares of company stock worth $668,603 in the last quarter. Insiders own 0.50% of the company’s stock.

Institutional Trading of Texas Roadhouse

Several hedge funds have recently added to or reduced their stakes in the stock. TD Asset Management Inc bought a new stake in Texas Roadhouse in the 2nd quarter valued at about $275,000. Ashton Thomas Private Wealth LLC bought a new stake in shares of Texas Roadhouse in the second quarter valued at approximately $47,000. American Century Companies Inc. lifted its stake in shares of Texas Roadhouse by 6.4% during the 2nd quarter. American Century Companies Inc. now owns 154,811 shares of the restaurant operator’s stock valued at $26,583,000 after buying an additional 9,288 shares in the last quarter. Federated Hermes Inc. lifted its stake in shares of Texas Roadhouse by 7.0% during the 2nd quarter. Federated Hermes Inc. now owns 147,553 shares of the restaurant operator’s stock valued at $25,336,000 after buying an additional 9,618 shares in the last quarter. Finally, Parallel Advisors LLC boosted its holdings in Texas Roadhouse by 3.7% in the 2nd quarter. Parallel Advisors LLC now owns 6,951 shares of the restaurant operator’s stock worth $1,194,000 after buying an additional 248 shares during the period. Institutional investors own 94.82% of the company’s stock.

Texas Roadhouse Price Performance

Texas Roadhouse stock opened at $178.95 on Monday. The stock’s fifty day moving average price is $189.06 and its two-hundred day moving average price is $178.91. The firm has a market cap of $11.94 billion, a PE ratio of 30.75, a price-to-earnings-growth ratio of 1.34 and a beta of 1.01. Texas Roadhouse has a one year low of $117.98 and a one year high of $206.04.

Texas Roadhouse (NASDAQ:TXRH) last posted its quarterly earnings data on Thursday, October 24th. The restaurant operator reported $1.26 earnings per share for the quarter, missing the consensus estimate of $1.32 by ($0.06). Texas Roadhouse had a return on equity of 31.33% and a net margin of 7.65%. The firm had revenue of $1.27 billion for the quarter, compared to the consensus estimate of $1.27 billion. During the same period in the prior year, the company earned $0.95 EPS. The company’s revenue for the quarter was up 13.5% compared to the same quarter last year. Sell-side analysts expect that Texas Roadhouse will post 6.4 earnings per share for the current fiscal year.

Texas Roadhouse Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 10th were issued a dividend of $0.61 per share. This represents a $2.44 dividend on an annualized basis and a dividend yield of 1.36%. The ex-dividend date of this dividend was Tuesday, December 10th. Texas Roadhouse’s dividend payout ratio is currently 41.92%.

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.