Texas Roadhouse, Inc. (NASDAQ:TXRH) Receives $196.05 Average PT from Brokerages

Shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) have been assigned an average recommendation of “Hold” from the twenty-three research firms that are covering the firm, MarketBeat Ratings reports. Thirteen research analysts have rated the stock with a hold rating and ten have issued a buy rating on the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $194.90.

A number of research analysts recently weighed in on TXRH shares. Weiss Ratings reissued a “buy (b-)” rating on shares of Texas Roadhouse in a report on Friday, May 29th. Barclays reduced their price objective on shares of Texas Roadhouse from $188.00 to $175.00 and set an “equal weight” rating for the company in a research report on Friday, May 8th. Guggenheim reiterated a “buy” rating and issued a $210.00 price objective on shares of Texas Roadhouse in a report on Monday, May 18th. Royal Bank Of Canada raised shares of Texas Roadhouse from a “sector perform” rating to an “outperform” rating and increased their price objective for the company from $180.00 to $210.00 in a research report on Friday, May 15th. Finally, Deutsche Bank Aktiengesellschaft raised their target price on shares of Texas Roadhouse from $200.00 to $212.00 and gave the stock a “buy” rating in a research note on Thursday, July 9th.

Insider Transactions at Texas Roadhouse

In other news, General Counsel Sean G. Renfroe sold 426 shares of the business’s stock in a transaction that occurred on Thursday, July 2nd. The stock was sold at an average price of $192.53, for a total transaction of $82,017.78. Following the completion of the sale, the general counsel owned 860 shares in the company, valued at $165,575.80. The trade was a 33.13% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Christopher C. Colson sold 499 shares of the company’s stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $179.22, for a total value of $89,430.78. Following the completion of the transaction, the insider directly owned 14,500 shares in the company, valued at $2,598,690. The trade was a 3.33% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 6,154 shares of company stock worth $1,115,864. 0.50% of the stock is currently owned by insiders.

Institutional Trading of Texas Roadhouse

Hedge funds have recently added to or reduced their stakes in the company. Elyxium Wealth LLC acquired a new position in Texas Roadhouse in the 4th quarter valued at $25,000. Basecamp Wealth Advisors LLC increased its position in Texas Roadhouse by 5,033.3% during the 1st quarter. Basecamp Wealth Advisors LLC now owns 154 shares of the restaurant operator’s stock worth $25,000 after buying an additional 151 shares during the period. Princeton Global Asset Management LLC acquired a new stake in shares of Texas Roadhouse during the fourth quarter worth $31,000. Measured Wealth Private Client Group LLC acquired a new stake in shares of Texas Roadhouse during the third quarter worth $33,000. Finally, Garton & Associates Financial Advisors LLC bought a new stake in shares of Texas Roadhouse in the fourth quarter valued at about $34,000. 94.82% of the stock is owned by institutional investors and hedge funds.

Texas Roadhouse Stock Performance

Shares of NASDAQ:TXRH opened at $197.03 on Friday. Texas Roadhouse has a 52-week low of $153.82 and a 52-week high of $200.11. The company has a market capitalization of $12.95 billion, a P/E ratio of 31.47, a price-to-earnings-growth ratio of 2.11 and a beta of 0.78. The company has a 50-day simple moving average of $180.54 and a 200 day simple moving average of $176.53. 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 (NASDAQ:TXRH) last announced its quarterly earnings results on Thursday, May 7th. The restaurant operator reported $1.87 earnings per share for the quarter, topping analysts’ consensus estimates of $1.80 by $0.07. Texas Roadhouse had a return on equity of 27.86% and a net margin of 6.85%.The firm had revenue of $1.63 billion for the quarter, compared to the consensus estimate of $1.64 billion. During the same quarter in the previous year, the business earned $1.70 earnings per share. The business’s revenue was up 10.5% compared to the same quarter last year. Sell-side analysts forecast that Texas Roadhouse will post 6.44 earnings per share for the current year.

Texas Roadhouse Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Tuesday, June 2nd were paid a $0.75 dividend. The ex-dividend date was Tuesday, June 2nd. This represents a $3.00 dividend on an annualized basis and a yield of 1.5%. Texas Roadhouse’s dividend payout ratio is 47.92%.

Texas Roadhouse Company Profile

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.