Analysts Set Texas Roadhouse, Inc. (NASDAQ:TXRH) Price Target at $196.36

Shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) have been assigned an average recommendation of “Hold” from the twenty-five ratings firms that are covering the company, Marketbeat Ratings reports. Fourteen investment analysts have rated the stock with a hold recommendation, ten have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $196.3636.

A number of research analysts have recently commented on the stock. Wells Fargo & Company cut their price objective on shares of Texas Roadhouse from $220.00 to $200.00 and set an “overweight” rating for the company in a research report on Thursday, April 16th. Weiss Ratings reissued a “buy (b-)” rating on shares of Texas Roadhouse in a research report on Friday, May 29th. Truist Financial dropped their price target on shares of Texas Roadhouse from $188.00 to $186.00 and set a “hold” rating for the company in a research report on Friday, February 20th. 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 research report on Tuesday, May 12th. Finally, BTIG Research reissued a “buy” rating and issued a $200.00 price target on shares of Texas Roadhouse in a research report on Friday, February 20th.

Insider Transactions at Texas Roadhouse

In related news, insider Lloyd Paul Marshall sold 1,000 shares of the stock in a transaction dated Thursday, May 14th. The shares were sold at an average price of $178.34, for a total value of $178,340.00. Following the completion of the transaction, the insider owned 10,326 shares of the company’s stock, valued at $1,841,538.84. This represents a 8.83% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CTO Hernan E. Mujica sold 5,000 shares of the firm’s stock in a transaction that occurred on Friday, March 13th. The stock was sold at an average price of $170.00, for a total transaction of $850,000.00. Following the sale, the chief technology officer directly owned 15,552 shares of the company’s stock, valued at approximately $2,643,840. The trade was a 24.33% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 18,716 shares of company stock valued at $3,251,991. Corporate insiders own 0.50% of the company’s stock.

Institutional Trading of Texas Roadhouse

Several hedge funds have recently modified their holdings of TXRH. Capital World Investors increased its holdings in shares of Texas Roadhouse by 580.2% during the third quarter. Capital World Investors now owns 2,236,885 shares of the restaurant operator’s stock worth $371,658,000 after buying an additional 1,908,033 shares in the last quarter. Balyasny Asset Management L.P. acquired a new stake in shares of Texas Roadhouse during the third quarter worth approximately $157,310,000. Wellington Management Group LLP increased its holdings in shares of Texas Roadhouse by 228.4% during the fourth quarter. Wellington Management Group LLP now owns 1,329,052 shares of the restaurant operator’s stock worth $220,623,000 after buying an additional 924,306 shares in the last quarter. Norges Bank acquired a new stake in shares of Texas Roadhouse during the fourth quarter worth approximately $145,734,000. Finally, Victory Capital Management Inc. increased its holdings in shares of Texas Roadhouse by 770.6% during the third quarter. Victory Capital Management Inc. now owns 972,251 shares of the restaurant operator’s stock worth $161,540,000 after buying an additional 860,571 shares in the last quarter. Institutional investors and hedge funds own 94.82% of the company’s stock.

Texas Roadhouse Stock Down 2.8%

Shares of TXRH opened at $166.19 on Thursday. The company has a 50-day simple moving average of $168.13 and a 200-day simple moving average of $173.83. The firm has a market capitalization of $10.92 billion, a P/E ratio of 26.55, a P/E/G ratio of 1.87 and a beta of 0.79. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.40 and a current ratio of 0.46. Texas Roadhouse has a 52 week low of $153.82 and a 52 week high of $197.00.

Texas Roadhouse (NASDAQ:TXRH) last announced its quarterly earnings data on Thursday, May 7th. The restaurant operator reported $1.87 EPS for the quarter, beating analysts’ consensus estimates of $1.80 by $0.07. The business had revenue of $1.63 billion during the quarter, compared to analyst estimates of $1.64 billion. Texas Roadhouse had a net margin of 6.85% and a return on equity of 27.86%. The firm’s revenue for the quarter was up 10.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.70 earnings per share. On average, equities research analysts expect that Texas Roadhouse will post 6.4 earnings per share for the current year.

Texas Roadhouse Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Tuesday, June 2nd will be given a $0.75 dividend. This represents a $3.00 annualized dividend and a yield of 1.8%. The ex-dividend date of this dividend is Tuesday, June 2nd. Texas Roadhouse’s dividend payout ratio is 47.92%.

About Texas Roadhouse

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.