Texas Roadhouse (NASDAQ:TXRH) Trading Up 4.4% – Should You Buy?

Texas Roadhouse, Inc. (NASDAQ:TXRH)’s stock price traded up 4.4% during mid-day trading on Friday . The company traded as high as $168.31 and last traded at $168.4450. 283,957 shares were traded during mid-day trading, a decline of 73% from the average session volume of 1,068,805 shares. The stock had previously closed at $161.30.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. Benchmark restated a “hold” rating on shares of Texas Roadhouse in a report on Monday, February 23rd. Stifel Nicolaus upped their price objective on shares of Texas Roadhouse from $170.00 to $180.00 and gave the company a “hold” rating in a research note on Tuesday, May 12th. Truist Financial dropped their price objective on shares of Texas Roadhouse from $188.00 to $186.00 and set a “hold” rating for the company in a research note on Friday, February 20th. Royal Bank Of Canada raised shares of Texas Roadhouse from a “sector perform” rating to an “outperform” rating and upped their price objective for the company from $180.00 to $210.00 in a research note on Friday, May 15th. Finally, BMO Capital Markets upped their price objective on shares of Texas Roadhouse from $165.00 to $180.00 and gave the company a “market perform” rating in a research note on Thursday, May 21st. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and fourteen have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $196.36.

Texas Roadhouse Trading Up 4.9%

The company has a market capitalization of $11.12 billion, a PE ratio of 27.06, a P/E/G ratio of 1.82 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. The business has a fifty day moving average price of $167.99 and a 200 day moving average price of $173.78.

Texas Roadhouse (NASDAQ:TXRH) last issued its earnings results on Thursday, May 7th. The restaurant operator reported $1.87 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 company’s revenue for the quarter was up 10.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.70 EPS. Analysts expect that Texas Roadhouse, Inc. will post 6.4 EPS for the current fiscal year.

Texas Roadhouse Announces Dividend

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

Insider Buying and Selling

In related news, insider Lloyd Paul Marshall sold 1,000 shares of the stock in a transaction on Thursday, May 14th. The stock was sold at an average price of $178.34, for a total value of $178,340.00. Following the completion of the sale, the insider directly owned 10,326 shares in the company, valued at approximately $1,841,538.84. This represents a 8.83% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Christopher C. Colson sold 499 shares of the stock in a transaction 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 sale, the insider owned 14,500 shares of the company’s stock, valued at approximately $2,598,690. This represents a 3.33% 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 16,166 shares of company stock valued at $2,813,705. 0.50% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Texas Roadhouse

Institutional investors and hedge funds have recently modified their holdings of the stock. Elyxium Wealth LLC acquired a new stake in shares of Texas Roadhouse in the fourth quarter valued at about $25,000. Princeton Global Asset Management LLC acquired a new stake in Texas Roadhouse in the fourth quarter valued at approximately $31,000. Measured Wealth Private Client Group LLC purchased a new stake in shares of Texas Roadhouse during the third quarter valued at approximately $33,000. Garton & Associates Financial Advisors LLC purchased a new stake in shares of Texas Roadhouse during the fourth quarter valued at approximately $34,000. Finally, TD Private Client Wealth LLC boosted its stake in shares of Texas Roadhouse by 137.5% in the fourth quarter. TD Private Client Wealth LLC now owns 266 shares of the restaurant operator’s stock valued at $44,000 after purchasing an additional 154 shares during the period. Hedge funds and other institutional investors own 94.82% of the company’s stock.

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.