Analysts Set Texas Roadhouse, Inc. (NASDAQ:TXRH) Price Target at $193.36

Texas Roadhouse, Inc. (NASDAQ:TXRH) has been assigned a consensus rating of “Moderate Buy” from the twenty-three ratings firms that are presently covering the stock, MarketBeat reports. Eleven investment analysts have rated the stock with a hold rating and twelve have issued a buy rating on the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $193.36.

A number of analysts have commented on TXRH shares. Stephens reduced their price target on Texas Roadhouse from $186.00 to $180.00 and set an “equal weight” rating for the company in a research report on Friday, February 21st. Truist Financial reduced their target price on shares of Texas Roadhouse from $209.00 to $205.00 and set a “buy” rating for the company in a report on Friday, February 21st. Stifel Nicolaus lowered their price target on shares of Texas Roadhouse from $185.00 to $172.00 and set a “hold” rating on the stock in a report on Friday, February 21st. Gordon Haskett cut shares of Texas Roadhouse from a “buy” rating to a “hold” rating and set a $192.00 price objective for the company. in a research note on Wednesday, January 8th. Finally, Guggenheim lowered their target price on shares of Texas Roadhouse from $205.00 to $200.00 and set a “buy” rating on the stock in a research note on Thursday, February 27th.

Texas Roadhouse Stock Up 2.0 %

Shares of NASDAQ:TXRH opened at $172.22 on Friday. The stock has a market capitalization of $11.44 billion, a PE ratio of 26.62, a price-to-earnings-growth ratio of 1.23 and a beta of 1.00. The firm’s 50 day moving average price is $175.70 and its 200-day moving average price is $181.78. Texas Roadhouse has a twelve month low of $146.75 and a twelve month high of $206.04.

Texas Roadhouse (NASDAQ:TXRH) last issued its quarterly earnings results on Thursday, February 20th. The restaurant operator reported $1.73 earnings per share for the quarter, topping the consensus estimate of $1.66 by $0.07. The business had revenue of $1.44 billion for the quarter, compared to analysts’ expectations of $1.41 billion. Texas Roadhouse had a net margin of 8.07% and a return on equity of 34.02%. Analysts expect that Texas Roadhouse will post 7.23 earnings per share for the current fiscal year.

Texas Roadhouse Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Tuesday, March 18th were paid a dividend of $0.68 per share. This is a boost from Texas Roadhouse’s previous quarterly dividend of $0.61. This represents a $2.72 annualized dividend and a yield of 1.58%. The ex-dividend date of this dividend was Tuesday, March 18th. Texas Roadhouse’s payout ratio is presently 42.04%.

Insider Buying and Selling at Texas Roadhouse

In related news, insider Christopher C. Colson sold 580 shares of the stock in a transaction on Friday, February 28th. The stock was sold at an average price of $181.94, for a total transaction of $105,525.20. Following the sale, the insider now owns 12,000 shares in the company, valued at approximately $2,183,280. This represents a 4.61 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, President Regina A. Tobin sold 3,154 shares of Texas Roadhouse stock in a transaction on Wednesday, March 5th. The stock was sold at an average price of $185.64, for a total transaction of $585,508.56. Following the transaction, the president now directly owns 18,414 shares of the company’s stock, valued at $3,418,374.96. The trade was a 14.62 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 17,905 shares of company stock worth $3,198,367 over the last ninety days. Company insiders own 0.50% of the company’s stock.

Institutional Trading of Texas Roadhouse

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in TXRH. Mirae Asset Global Investments Co. Ltd. bought a new position in shares of Texas Roadhouse during the fourth quarter valued at approximately $30,000. True Wealth Design LLC bought a new position in Texas Roadhouse in the 3rd quarter valued at $30,000. Coppell Advisory Solutions LLC increased its stake in Texas Roadhouse by 56.8% in the fourth quarter. Coppell Advisory Solutions LLC now owns 196 shares of the restaurant operator’s stock worth $35,000 after purchasing an additional 71 shares during the period. SBI Securities Co. Ltd. bought a new stake in shares of Texas Roadhouse during the fourth quarter worth $36,000. Finally, MassMutual Private Wealth & Trust FSB boosted its stake in shares of Texas Roadhouse by 32.2% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 267 shares of the restaurant operator’s stock valued at $48,000 after purchasing an additional 65 shares during the period. 94.82% of the stock is owned by hedge funds and other institutional investors.

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.