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

Texas Roadhouse, Inc. (NASDAQ:TXRH) has been assigned a consensus rating of “Moderate Buy” from the twenty-three ratings firms that are currently covering the stock, MarketBeat Ratings reports. Twelve research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $209.40.

Several brokerages have recently issued reports on TXRH. Mizuho boosted their price objective on Texas Roadhouse from $190.00 to $230.00 and gave the company an “outperform” rating in a report on Friday, July 31st. TD Cowen boosted their price target on Texas Roadhouse from $205.00 to $230.00 and gave the company a “buy” rating in a report on Friday, August 7th. Robert W. Baird upgraded Texas Roadhouse to a “strong-buy” rating in a research report on Monday, August 24th. Royal Bank Of Canada raised their price objective on shares of Texas Roadhouse from $210.00 to $235.00 and gave the stock an “outperform” rating in a research note on Friday, August 7th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $235.00 target price on shares of Texas Roadhouse in a report on Monday, August 3rd.

Insider Activity

In other news, Director Hugh J. Carroll sold 650 shares of the business’s stock in a transaction dated Tuesday, August 25th. The shares were sold at an average price of $203.99, for a total transaction of $132,593.50. Following the completion of the sale, the director owned 2,883 shares of the company’s stock, valued at $588,103.17. The trade was a 18.40% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Lloyd Marshall sold 500 shares of the firm’s stock in a transaction dated Wednesday, August 26th. The shares were sold at an average price of $204.65, for a total transaction of $102,325.00. Following the completion of the transaction, the insider directly owned 9,826 shares in the company, valued at $2,010,890.90. This represents a 4.84% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 20,396 shares of company stock worth $4,143,825. 0.50% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Texas Roadhouse

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Ranger Investment Management L.P. purchased a new position in Texas Roadhouse during the second quarter worth approximately $21,560,000. The Manufacturers Life Insurance Company acquired a new stake in shares of Texas Roadhouse in the 2nd quarter worth $9,473,000. Stephens Investment Management Group LLC raised its holdings in shares of Texas Roadhouse by 98.2% during the 4th quarter. Stephens Investment Management Group LLC now owns 370,225 shares of the restaurant operator’s stock worth $61,457,000 after acquiring an additional 183,422 shares during the period. Callan Family Office LLC acquired a new position in shares of Texas Roadhouse during the 2nd quarter valued at about $1,449,000. Finally, J. Goldman & Co LP acquired a new position in shares of Texas Roadhouse during the 2nd quarter valued at about $10,434,000. Hedge funds and other institutional investors own 94.82% of the company’s stock.

Texas Roadhouse Trading Up 0.1%

Texas Roadhouse stock opened at $181.22 on Friday. The stock has a 50-day moving average price of $197.59 and a 200 day moving average price of $181.02. The company has a market capitalization of $11.90 billion, a price-to-earnings ratio of 29.00, a price-to-earnings-growth ratio of 1.79 and a beta of 0.78. Texas Roadhouse has a 52 week low of $153.82 and a 52 week high of $216.30. The company has a quick ratio of 0.39, a current ratio of 0.46 and a debt-to-equity ratio of 0.03.

Texas Roadhouse (NASDAQ:TXRH) last issued its quarterly earnings results on Thursday, August 6th. The restaurant operator reported $1.85 earnings per share for the quarter, topping the consensus estimate of $1.83 by $0.02. Texas Roadhouse had a net margin of 6.63% and a return on equity of 27.20%. The company had revenue of $1.68 billion for the quarter, compared to the consensus estimate of $1.67 billion. During the same quarter in the prior year, the company earned $1.86 EPS. Texas Roadhouse’s quarterly revenue was up 11.1% on a year-over-year basis. Sell-side analysts anticipate that Texas Roadhouse will post 6.63 EPS for the current year.

Texas Roadhouse Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 29th. Stockholders of record on Tuesday, September 1st will be paid a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a dividend yield of 1.7%. The ex-dividend date of this dividend is Tuesday, September 1st. Texas Roadhouse’s dividend payout ratio is presently 48.00%.

About Texas Roadhouse

Texas Roadhouse, Inc is a casual-dining restaurant company that operates and franchises restaurants under the Texas Roadhouse, Bubba’s 33 and Jaggers brands. Its restaurants are known for hand-cut steaks, ribs, chicken, burgers and other American-style meals, along with made-from-scratch sides and fresh-baked bread.

Texas Roadhouse restaurants generally emphasize a relaxed, family-friendly atmosphere and an experience centered on affordable, high-quality food. The company’s concepts include Texas Roadhouse steakhouses, Bubba’s 33 sports-themed restaurants and Jaggers fast-casual locations focused on burgers, chicken and fries.

Founded in 1993, Texas Roadhouse has expanded through a combination of company-operated and franchised restaurants.