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

Shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) have earned an average recommendation of “Hold” from the twenty-one analysts that are presently covering the stock, Marketbeat Ratings reports. Twelve research analysts have rated the stock with a hold rating and nine have issued a buy rating on the company. The average 1 year target price among analysts that have covered the stock in the last year is $171.85.

A number of analysts have issued reports on the company. Evercore ISI lifted their price objective on Texas Roadhouse from $175.00 to $195.00 and gave the stock an “outperform” rating in a research note on Friday, July 26th. Bank of America raised their target price 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. 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 research note on Friday, July 26th. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Texas Roadhouse from $190.00 to $193.00 and gave the stock a “buy” rating in a research note on Tuesday, July 16th. Finally, BMO Capital Markets upped their target price on shares of Texas Roadhouse from $145.00 to $155.00 and gave the company a “market perform” rating in a research report on Friday, July 26th.

Texas Roadhouse Stock Performance

Shares of NASDAQ TXRH opened at $161.26 on Tuesday. The company has a market cap of $10.75 billion, a P/E ratio of 32.64, a P/E/G ratio of 1.46 and a beta of 0.99. Texas Roadhouse has a 52-week low of $91.06 and a 52-week high of $177.72. The firm’s fifty day moving average is $168.45 and its two-hundred day moving average is $162.97.

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

Texas Roadhouse Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 24th. Stockholders of record on Wednesday, September 4th will be given a dividend of $0.61 per share. The ex-dividend date is Wednesday, September 4th. This represents a $2.44 annualized dividend and a dividend yield of 1.51%. Texas Roadhouse’s dividend payout ratio (DPR) is 49.39%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of TXRH. Vanguard Group Inc. raised its position in shares of Texas Roadhouse by 0.8% in the 1st quarter. Vanguard Group Inc. now owns 6,476,056 shares of the restaurant operator’s stock worth $1,000,356,000 after acquiring an additional 53,419 shares in the last quarter. AQR Capital Management LLC increased its holdings in shares of Texas Roadhouse by 22.3% during the second quarter. AQR Capital Management LLC now owns 909,847 shares of the restaurant operator’s stock valued at $156,230,000 after acquiring an additional 165,738 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in Texas Roadhouse by 3.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 833,790 shares of the restaurant operator’s stock worth $101,916,000 after purchasing an additional 31,079 shares in the last quarter. Westfield Capital Management Co. LP grew its position in Texas Roadhouse by 9.3% during the 4th quarter. Westfield Capital Management Co. LP now owns 768,526 shares of the restaurant operator’s stock worth $93,937,000 after purchasing an additional 65,480 shares during the last quarter. Finally, Marshall Wace LLP increased its stake in Texas Roadhouse by 128.9% during the 2nd quarter. Marshall Wace LLP now owns 765,096 shares of the restaurant operator’s stock valued at $131,375,000 after purchasing an additional 430,814 shares in the last quarter. Institutional investors own 94.82% of the company’s stock.

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.