Analysts Set Texas Roadhouse, Inc. (NASDAQ:TXRH) Target Price at $196.57

Texas Roadhouse, Inc. (NASDAQ:TXRHGet Free Report) has received an average recommendation of “Moderate Buy” from the twenty-three research firms that are covering the firm, MarketBeat.com reports. Eleven analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating on the company. The average 1 year price target among brokerages that have covered the stock in the last year is $196.5714.

A number of analysts recently commented on TXRH shares. Wells Fargo & Company upped their price objective on shares of Texas Roadhouse from $195.00 to $220.00 and gave the company an “overweight” rating in a research report on Thursday, January 22nd. Barclays lifted their price target on shares of Texas Roadhouse from $170.00 to $185.00 and gave the company an “equal weight” rating in a research report on Wednesday, January 7th. TD Cowen began coverage on Texas Roadhouse in a research note on Tuesday, January 20th. They issued a “buy” rating and a $215.00 price target for the company. Wall Street Zen cut shares of Texas Roadhouse from a “hold” rating to a “sell” rating in a research report on Saturday, January 3rd. Finally, Truist Financial set a $188.00 target price on Texas Roadhouse and gave the stock a “hold” rating in a research report on Tuesday, February 10th.

Get Our Latest Report on TXRH

Key Texas Roadhouse News

Here are the key news stories impacting Texas Roadhouse this week:

Insider Buying and Selling at Texas Roadhouse

In other Texas Roadhouse news, Director Hugh J. Carroll sold 1,000 shares of Texas Roadhouse stock in a transaction that occurred on Thursday, December 4th. The stock was sold at an average price of $167.27, for a total value of $167,270.00. Following the sale, the director owned 1,854 shares of the company’s stock, valued at $310,118.58. The trade was a 35.04% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Gregory N. Moore sold 1,400 shares of the stock in a transaction on Wednesday, December 3rd. The stock was sold at an average price of $170.00, for a total value of $238,000.00. Following the transaction, the director directly owned 32,150 shares in the company, valued at $5,465,500. The trade was a 4.17% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 12,400 shares of company stock valued at $2,320,920 over the last ninety days. 0.50% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Texas Roadhouse

Several institutional investors and hedge funds have recently modified their holdings of the company. Alliancebernstein L.P. grew its holdings in shares of Texas Roadhouse by 528.2% during the second quarter. Alliancebernstein L.P. now owns 3,172,738 shares of the restaurant operator’s stock worth $594,603,000 after purchasing an additional 2,667,716 shares during the last quarter. Capital World Investors lifted its stake in shares of Texas Roadhouse by 580.2% in the 3rd quarter. Capital World Investors now owns 2,236,885 shares of the restaurant operator’s stock valued at $371,658,000 after purchasing an additional 1,908,033 shares in the last quarter. AQR Capital Management LLC boosted its stake in shares of Texas Roadhouse by 85.7% in the second quarter. AQR Capital Management LLC now owns 2,343,000 shares of the restaurant operator’s stock valued at $439,102,000 after purchasing an additional 1,081,413 shares during the period. Balyasny Asset Management L.P. bought a new position in Texas Roadhouse during the 3rd quarter valued at $157,310,000. Finally, Wellington Management Group LLP boosted its holdings in shares of Texas Roadhouse by 228.4% in the 4th quarter. Wellington Management Group LLP now owns 1,329,052 shares of the restaurant operator’s stock valued at $220,623,000 after buying an additional 924,306 shares during the period. Hedge funds and other institutional investors own 94.82% of the company’s stock.

Texas Roadhouse Price Performance

Shares of TXRH opened at $182.53 on Tuesday. The company’s fifty day moving average price is $180.60 and its 200 day moving average price is $173.58. Texas Roadhouse has a one year low of $148.73 and a one year high of $199.99. The company has a market capitalization of $12.07 billion, a PE ratio of 27.91, a price-to-earnings-growth ratio of 3.05 and a beta of 0.88.

Texas Roadhouse (NASDAQ:TXRHGet Free Report) last posted its earnings results on Thursday, February 19th. The restaurant operator reported $1.28 EPS for the quarter, missing the consensus estimate of $1.57 by ($0.29). Texas Roadhouse had a return on equity of 30.59% and a net margin of 7.49%.The company had revenue of $1.48 billion for the quarter, compared to the consensus estimate of $1.50 billion. During the same quarter last year, the business earned $1.73 EPS. Texas Roadhouse’s quarterly revenue was up 3.1% compared to the same quarter last year. Analysts anticipate that Texas Roadhouse will post 7.23 earnings per share for the current year.

Texas Roadhouse Increases Dividend

The firm also recently declared 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. This is an increase from Texas Roadhouse’s previous quarterly dividend of $0.68. This represents a $3.00 annualized dividend and a dividend yield of 1.6%. The ex-dividend date is Tuesday, March 17th. Texas Roadhouse’s dividend payout ratio (DPR) is presently 41.59%.

About Texas Roadhouse

(Get Free Report)

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.

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Analyst Recommendations for Texas Roadhouse (NASDAQ:TXRH)

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