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

Shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) have been given a consensus rating of “Hold” by the twenty-five research firms that are covering the stock, MarketBeat reports. Fourteen equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $190.91.

A number of research firms have weighed in on TXRH. UBS Group raised their price objective on shares of Texas Roadhouse from $200.00 to $210.00 and gave the company a “buy” rating in a research note on Friday, October 25th. Morgan Stanley raised their price target on shares of Texas Roadhouse from $200.00 to $205.00 and gave the company an “equal weight” rating in a research report on Friday, October 25th. Truist Financial upped their price objective on Texas Roadhouse from $207.00 to $209.00 and gave the company a “buy” rating in a research report on Wednesday, January 8th. The Goldman Sachs Group initiated coverage on Texas Roadhouse in a report on Thursday, December 5th. They issued a “neutral” rating and a $213.00 target price for the company. Finally, Robert W. Baird upped their price target on Texas Roadhouse from $190.00 to $205.00 and gave the company an “outperform” rating in a report on Friday, October 25th.

Texas Roadhouse Trading Up 0.4 %

Shares of TXRH opened at $178.95 on Monday. Texas Roadhouse has a 1-year low of $117.98 and a 1-year high of $206.04. The firm has a market capitalization of $11.94 billion, a price-to-earnings ratio of 30.75, a PEG ratio of 1.34 and a beta of 1.01. The firm’s 50-day moving average price is $189.06 and its 200-day moving average price is $178.91.

Texas Roadhouse (NASDAQ:TXRH) last announced its earnings results on Thursday, October 24th. The restaurant operator reported $1.26 EPS for the quarter, missing analysts’ consensus estimates of $1.32 by ($0.06). The business had revenue of $1.27 billion for the quarter, compared to the consensus estimate of $1.27 billion. Texas Roadhouse had a net margin of 7.65% and a return on equity of 31.33%. The business’s quarterly revenue was up 13.5% on a year-over-year basis. During the same quarter last year, the firm posted $0.95 EPS. On average, research analysts forecast that Texas Roadhouse will post 6.4 EPS for the current fiscal year.

Texas Roadhouse Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 10th were paid a $0.61 dividend. The ex-dividend date was Tuesday, December 10th. This represents a $2.44 dividend on an annualized basis and a dividend yield of 1.36%. Texas Roadhouse’s dividend payout ratio (DPR) is presently 41.92%.

Insider Activity

In other Texas Roadhouse news, CTO Hernan E. Mujica sold 1,500 shares of the stock in a transaction that occurred on Thursday, November 14th. The shares were sold at an average price of $202.26, for a total transaction of $303,390.00. Following the completion of the sale, the chief technology officer now directly owns 16,342 shares of the company’s stock, valued at $3,305,332.92. This trade represents a 8.41 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Donna E. Epps sold 610 shares of the business’s stock in a transaction on Monday, November 11th. The stock was sold at an average price of $195.66, for a total transaction of $119,352.60. Following the completion of the transaction, the director now directly owns 3,532 shares in the company, valued at $691,071.12. This trade represents a 14.73 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 3,480 shares of company stock worth $668,603 in the last three months. Company insiders own 0.50% of the company’s stock.

Institutional Trading of Texas Roadhouse

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. FCG Investment Co boosted its holdings in shares of Texas Roadhouse by 16.0% during the 4th quarter. FCG Investment Co now owns 1,834 shares of the restaurant operator’s stock valued at $331,000 after purchasing an additional 253 shares during the last quarter. Lifestyle Asset Management Inc. lifted its position in shares of Texas Roadhouse by 3.9% in the fourth quarter. Lifestyle Asset Management Inc. now owns 1,603 shares of the restaurant operator’s stock worth $289,000 after buying an additional 60 shares in the last quarter. Inspire Investing LLC boosted its stake in Texas Roadhouse by 89.6% during the fourth quarter. Inspire Investing LLC now owns 9,840 shares of the restaurant operator’s stock valued at $1,775,000 after buying an additional 4,649 shares during the last quarter. Avior Wealth Management LLC grew its holdings in Texas Roadhouse by 12.1% during the 4th quarter. Avior Wealth Management LLC now owns 2,396 shares of the restaurant operator’s stock valued at $432,000 after buying an additional 259 shares in the last quarter. Finally, Mutual Advisors LLC increased its stake in Texas Roadhouse by 8.5% in the 4th quarter. Mutual Advisors LLC now owns 1,946 shares of the restaurant operator’s stock worth $347,000 after acquiring an additional 152 shares during the last quarter. 94.82% of the stock is currently owned by institutional investors.

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.