Texas Roadhouse, Inc. (NASDAQ:TXRH) Given Average Rating of “Hold” by Brokerages

Shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) have earned a consensus rating of “Hold” from the twenty-five research firms that are presently covering the stock, MarketBeat Ratings reports. Fourteen analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $196.3636.

A number of equities analysts have weighed in on the company. TD Cowen lifted their price objective on Texas Roadhouse from $192.00 to $205.00 and gave the company a “buy” rating in a research note on Wednesday, May 27th. Wall Street Zen upgraded shares of Texas Roadhouse from a “sell” rating to a “hold” rating in a report on Sunday, May 10th. BMO Capital Markets lifted their price objective on Texas Roadhouse from $165.00 to $180.00 and gave the company a “market perform” rating in a research note on Thursday, May 21st. Royal Bank Of Canada raised Texas Roadhouse from a “sector perform” rating to an “outperform” rating and boosted their target price for the company from $180.00 to $210.00 in a report on Friday, May 15th. Finally, Stifel Nicolaus upped their price objective 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.

Insider Buying and Selling

In other news, Director Jane Grote Abell sold 339 shares of the stock in a transaction dated Monday, May 18th. The shares were sold at an average price of $177.43, for a total transaction of $60,148.77. Following the transaction, the director directly owned 2,161 shares in the company, valued at $383,426.23. This represents a 13.56% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Curtis Warfield sold 2,640 shares of the firm’s stock in a transaction that occurred on Monday, May 11th. The shares were sold at an average price of $183.05, for a total transaction of $483,252.00. Following the completion of the transaction, the director owned 5,361 shares in the company, valued at $981,331.05. The trade was a 33.00% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 5,728 shares of company stock worth $1,033,847 over the last ninety days. Insiders own 0.50% of the company’s stock.

Hedge Funds Weigh In On Texas Roadhouse

Several large investors have recently bought and sold shares of the stock. Oak Thistle LLC acquired a new stake in shares of Texas Roadhouse in the fourth quarter worth $1,553,000. 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. Jefferies Financial Group Inc. bought a new position in Texas Roadhouse in the 4th quarter valued at $977,000. Stephens Investment Management Group LLC lifted its stake in Texas Roadhouse by 98.2% in the fourth quarter. Stephens Investment Management Group LLC now owns 370,225 shares of the restaurant operator’s stock valued at $61,457,000 after buying an additional 183,422 shares during the period. Finally, Cinctive Capital Management LP bought a new position in shares of Texas Roadhouse during the 3rd quarter valued at about $18,915,000. Institutional investors and hedge funds own 94.82% of the company’s stock.

Texas Roadhouse Stock Performance

Shares of Texas Roadhouse stock opened at $196.59 on Monday. The stock’s fifty day moving average price is $171.63 and its 200-day moving average price is $174.21. Texas Roadhouse has a 12 month low of $153.82 and a 12 month high of $197.00. The company has a current ratio of 0.46, a quick ratio of 0.40 and a debt-to-equity ratio of 0.03. The firm has a market cap of $12.92 billion, a P/E ratio of 31.40, a P/E/G ratio of 2.08 and a beta of 0.79.

Texas Roadhouse (NASDAQ:TXRH) last released its quarterly earnings results on Thursday, May 7th. The restaurant operator reported $1.87 earnings per share for the quarter, beating analysts’ consensus estimates of $1.80 by $0.07. The business had revenue of $1.63 billion for the quarter, compared to analysts’ expectations of $1.64 billion. Texas Roadhouse had a net margin of 6.85% and a return on equity of 27.86%. The company’s revenue was up 10.5% compared to the same quarter last year. During the same period last year, the business earned $1.70 EPS. On average, equities research analysts expect that Texas Roadhouse will post 6.42 earnings per share for the current fiscal year.

Texas Roadhouse Dividend Announcement

The company also recently declared 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 dividend yield of 1.5%. The ex-dividend date of this dividend is Tuesday, June 2nd. Texas Roadhouse’s dividend payout ratio (DPR) is currently 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.