Texas Roadhouse, Inc. (NASDAQ:TXRH) Receives Average Rating of “Hold” from Analysts

Shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) have earned a consensus rating of “Hold” from the twenty-two research firms that are covering the stock, MarketBeat.com reports. Twelve research analysts have rated the stock with a hold recommendation and ten have assigned a buy recommendation to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $168.23.

TXRH has been the topic of a number of recent analyst reports. Benchmark initiated coverage on Texas Roadhouse in a research report on Wednesday, April 10th. They set a “hold” rating on the stock. JPMorgan Chase & Co. increased their price objective on Texas Roadhouse from $145.00 to $184.00 and gave the company a “neutral” rating in a report on Tuesday, May 28th. Barclays upped their price objective on shares of Texas Roadhouse from $138.00 to $160.00 and gave the company an “equal weight” rating in a report on Friday, May 3rd. Morgan Stanley raised their target price on shares of Texas Roadhouse from $155.00 to $162.00 and gave the stock an “equal weight” rating in a report on Tuesday, July 16th. Finally, BTIG Research upped their price target on shares of Texas Roadhouse from $175.00 to $190.00 and gave the company a “buy” rating in a report on Friday.

Texas Roadhouse Price Performance

Shares of NASDAQ TXRH opened at $169.38 on Monday. Texas Roadhouse has a 1-year low of $91.06 and a 1-year high of $175.72. The business has a fifty day moving average price of $169.75 and a 200 day moving average price of $154.04. The stock has a market capitalization of $11.31 billion, a P/E ratio of 34.29, a price-to-earnings-growth ratio of 1.59 and a beta of 1.01.

Texas Roadhouse (NASDAQ:TXRH) last released its quarterly earnings results on Thursday, July 25th. The restaurant operator reported $1.79 EPS for the quarter, beating the consensus estimate of $1.66 by $0.13. Texas Roadhouse had a net margin of 6.94% and a return on equity of 28.85%. The business had revenue of $1.34 billion during the quarter, compared to analyst estimates of $1.34 billion. During the same period in the prior year, the firm posted $1.22 earnings per share. The company’s quarterly revenue was up 14.5% on a year-over-year basis. As a group, equities research analysts anticipate that Texas Roadhouse will post 6.07 earnings per share for the current fiscal year.

Texas Roadhouse Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 25th. Stockholders of record on Wednesday, June 12th were paid a dividend of $0.61 per share. The ex-dividend date was Wednesday, June 12th. This represents a $2.44 dividend on an annualized basis and a dividend yield of 1.44%. Texas Roadhouse’s dividend payout ratio is currently 49.39%.

Insider Buying and Selling

In related news, CEO Gerald L. Morgan sold 15,000 shares of Texas Roadhouse stock in a transaction dated Tuesday, May 28th. The stock was sold at an average price of $171.70, for a total value of $2,575,500.00. Following the sale, the chief executive officer now directly owns 77,847 shares in the company, valued at approximately $13,366,329.90. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In other news, CEO Gerald L. Morgan sold 15,000 shares of the company’s stock in a transaction on Tuesday, May 28th. The shares were sold at an average price of $171.70, for a total transaction of $2,575,500.00. Following the completion of the sale, the chief executive officer now owns 77,847 shares of the company’s stock, valued at $13,366,329.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Curtis Warfield sold 1,025 shares of the stock in a transaction dated Wednesday, May 8th. The shares were sold at an average price of $165.82, for a total transaction of $169,965.50. Following the completion of the sale, the director now owns 12,372 shares of the company’s stock, valued at approximately $2,051,525.04. The disclosure for this sale can be found here. Insiders sold a total of 19,025 shares of company stock worth $3,251,266 in the last 90 days. Insiders own 0.50% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of TXRH. Legato Capital Management LLC acquired a new stake in Texas Roadhouse during the fourth quarter worth about $709,000. Pacer Advisors Inc. raised its position in shares of Texas Roadhouse by 51.0% during the 4th quarter. Pacer Advisors Inc. now owns 14,410 shares of the restaurant operator’s stock valued at $1,761,000 after buying an additional 4,867 shares during the period. Threadgill Financial LLC raised its position in shares of Texas Roadhouse by 0.5% during the 4th quarter. Threadgill Financial LLC now owns 48,472 shares of the restaurant operator’s stock valued at $5,925,000 after buying an additional 245 shares during the period. Gradient Investments LLC lifted its holdings in Texas Roadhouse by 2.2% in the fourth quarter. Gradient Investments LLC now owns 36,762 shares of the restaurant operator’s stock valued at $4,493,000 after acquiring an additional 807 shares during the last quarter. Finally, Trust Point Inc. purchased a new position in Texas Roadhouse in the fourth quarter worth approximately $247,000. Hedge funds and other institutional investors own 94.82% of the company’s stock.

About Texas Roadhouse

Texas Roadhouse, Inc, together with its subsidiaries, operates casual dining restaurants in the United States and internationally. It also operates and franchises restaurants under the Texas Roadhouse, Bubba's 33, and Jaggers names in 49 states and ten internationally. Texas Roadhouse, Inc was founded in 1993 and is based in Louisville, Kentucky.