Analysts Set Texas Roadhouse, Inc. (NASDAQ:TXRH) Price Target at $169.86

Texas Roadhouse, Inc. (NASDAQ:TXRH) has been given an average rating of “Hold” by the twenty-two ratings firms that are covering the stock, Marketbeat reports. Twelve investment analysts have rated the stock with a hold recommendation and ten have assigned a buy recommendation to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $169.86.

Several equities analysts recently issued reports on TXRH shares. Bank of America lifted their price objective on shares of Texas Roadhouse from $189.00 to $205.00 and gave the company a “buy” rating in a report on Wednesday, July 17th. Wells Fargo & Company upped their price objective on Texas Roadhouse from $165.00 to $175.00 and gave the stock an “equal weight” rating in a research note on Friday, July 26th. Evercore ISI raised their price objective on Texas Roadhouse from $175.00 to $195.00 and gave the company an “outperform” rating in a research report on Friday, July 26th. Royal Bank of Canada boosted their target price on shares of Texas Roadhouse from $165.00 to $175.00 and gave the stock a “sector perform” rating in a report on Friday, June 7th. Finally, BMO Capital Markets raised their price target on shares of Texas Roadhouse from $145.00 to $155.00 and gave the company a “market perform” rating in a report on Friday, July 26th.

Texas Roadhouse Stock Down 1.6 %

Shares of NASDAQ:TXRH opened at $167.26 on Friday. The business’s 50 day moving average is $169.55 and its 200 day moving average is $159.55. The stock has a market cap of $11.15 billion, a P/E ratio of 33.86, a price-to-earnings-growth ratio of 1.52 and a beta of 1.01. Texas Roadhouse has a 52-week low of $91.06 and a 52-week high of $177.72.

Texas Roadhouse (NASDAQ:TXRH) last announced its quarterly earnings results on Thursday, July 25th. The restaurant operator reported $1.79 EPS for the quarter, beating the consensus estimate of $1.64 by $0.15. Texas Roadhouse had a return on equity of 30.94% and a net margin of 7.47%. The firm had revenue of $1.34 billion for the quarter, compared to analyst estimates of $1.34 billion. During the same quarter last year, the firm posted $1.22 earnings per share. The business’s revenue for the quarter was up 14.5% on a year-over-year basis. On average, sell-side analysts anticipate that Texas Roadhouse will post 6.32 EPS for the current fiscal year.

Texas Roadhouse Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 24th. Investors of record on Wednesday, September 4th will be paid a $0.61 dividend. The ex-dividend date is Wednesday, September 4th. This represents a $2.44 dividend on an annualized basis and a yield of 1.46%. Texas Roadhouse’s dividend payout ratio (DPR) is 49.39%.

Insider Buying and Selling at Texas Roadhouse

In related news, CEO Gerald L. Morgan sold 15,000 shares of the stock in a transaction that occurred on Tuesday, May 28th. The shares were sold at an average price of $171.70, for a total value of $2,575,500.00. Following the transaction, the chief executive officer now owns 77,847 shares in the company, valued at approximately $13,366,329.90. The sale was disclosed in a filing with the SEC, which is available through this link. Company insiders own 0.50% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. LRI Investments LLC acquired a new position in Texas Roadhouse in the first quarter valued at approximately $25,000. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of Texas Roadhouse in the 2nd quarter valued at $25,000. Hollencrest Capital Management purchased a new stake in Texas Roadhouse during the second quarter worth $25,000. McClarren Financial Advisors Inc. grew its position in Texas Roadhouse by 4,175.0% during the second quarter. McClarren Financial Advisors Inc. now owns 171 shares of the restaurant operator’s stock valued at $29,000 after buying an additional 167 shares during the period. Finally, Rise Advisors LLC purchased a new position in Texas Roadhouse in the first quarter valued at $32,000. 94.82% of the stock is currently owned by institutional investors and hedge funds.

Texas Roadhouse Company Profile

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.