Texas Roadhouse, Inc. (NASDAQ:TXRH) Receives $196.36 Consensus Target Price from Analysts

Texas Roadhouse, Inc. (NASDAQ:TXRH) has received an average recommendation of “Hold” from the twenty-five analysts that are currently covering the stock, Marketbeat.com reports. Fourteen investment analysts have rated the stock with a hold recommendation, ten have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $196.3636.

A number of equities research analysts have issued reports on TXRH shares. Wall Street Zen raised Texas Roadhouse from a “sell” rating to a “hold” rating in a research report on Sunday, May 10th. Stephens upped their target price on Texas Roadhouse from $168.00 to $180.00 and gave the stock an “equal weight” rating in a research report on Friday, February 20th. Citigroup decreased their target price on Texas Roadhouse from $176.00 to $174.00 and set a “neutral” rating for the company in a research report on Friday, May 8th. Stifel Nicolaus upped their target price on Texas Roadhouse from $170.00 to $180.00 and gave the stock a “hold” rating in a research report on Tuesday, May 12th. Finally, BMO Capital Markets upped their target price on Texas Roadhouse from $165.00 to $180.00 and gave the stock a “market perform” rating in a research report on Thursday, May 21st.

Texas Roadhouse Trading Down 2.9%

Shares of NASDAQ TXRH opened at $175.40 on Thursday. The stock has a market cap of $11.53 billion, a price-to-earnings ratio of 28.02, a PEG ratio of 1.98 and a beta of 0.79. The business has a 50 day simple moving average of $168.15 and a 200 day simple moving average of $173.82. Texas Roadhouse has a 52 week low of $153.82 and a 52 week high of $197.00. 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 EPS for the quarter, beating the consensus estimate of $1.80 by $0.07. The business had revenue of $1.63 billion during the quarter, compared to analysts’ expectations of $1.64 billion. Texas Roadhouse had a return on equity of 27.86% and a net margin of 6.85%.The firm’s quarterly revenue was up 10.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.70 EPS. On average, research analysts predict that Texas Roadhouse will post 6.4 earnings per share for the current fiscal year.

Texas Roadhouse Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 2nd will be given a dividend of $0.75 per share. The ex-dividend date of this dividend is Tuesday, June 2nd. This represents a $3.00 dividend on an annualized basis and a yield of 1.7%. Texas Roadhouse’s dividend payout ratio is presently 47.92%.

Insider Activity

In other news, Director Gregory N. Moore sold 1,250 shares of the company’s stock in a transaction that occurred on Monday, May 11th. The stock was sold at an average price of $178.14, for a total transaction of $222,675.00. Following the completion of the transaction, the director directly owned 30,900 shares in the company, valued at $5,504,526. The trade was a 3.89% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Curtis Warfield sold 2,640 shares of the company’s stock in a transaction that occurred on Monday, May 11th. The stock was sold at an average price of $183.05, for a total value of $483,252.00. Following the transaction, the director owned 5,361 shares of the company’s stock, valued at approximately $981,331.05. This trade represents a 33.00% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 18,716 shares of company stock valued at $3,251,991. Insiders own 0.50% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Alliancebernstein L.P. raised its stake in shares of Texas Roadhouse by 14.7% in the third quarter. Alliancebernstein L.P. now owns 3,638,914 shares of the restaurant operator’s stock valued at $604,606,000 after purchasing an additional 466,176 shares in the last quarter. AQR Capital Management LLC raised its stake in shares of Texas Roadhouse by 27.4% in the fourth quarter. AQR Capital Management LLC now owns 2,674,102 shares of the restaurant operator’s stock valued at $443,901,000 after purchasing an additional 575,685 shares in the last quarter. Capital World Investors raised its stake in shares of Texas Roadhouse by 13.4% in the fourth quarter. Capital World Investors now owns 2,537,290 shares of the restaurant operator’s stock valued at $421,190,000 after purchasing an additional 300,405 shares in the last quarter. UBS Group AG raised its stake in shares of Texas Roadhouse by 60.4% in the fourth quarter. UBS Group AG now owns 1,387,454 shares of the restaurant operator’s stock valued at $230,317,000 after purchasing an additional 522,509 shares in the last quarter. Finally, Geode Capital Management LLC raised its stake in shares of Texas Roadhouse by 1.9% in the fourth quarter. Geode Capital Management LLC now owns 1,367,120 shares of the restaurant operator’s stock valued at $226,984,000 after purchasing an additional 24,834 shares in the last quarter. 94.82% of the stock is currently owned by institutional investors and hedge funds.

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.