Texas Roadhouse, Inc. (NASDAQ:TXRH) Receives Consensus Rating of “Moderate Buy” from Analysts

Shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) have been given an average rating of “Moderate Buy” by the twenty-three ratings firms that are presently covering the firm, MarketBeat reports. Eleven research analysts have rated the stock with a hold recommendation and twelve have assigned a buy recommendation to the company. The average 1-year target price among analysts that have covered the stock in the last year is $193.36.

Several research analysts recently weighed in on the stock. Truist Financial reduced their price objective on shares of Texas Roadhouse from $209.00 to $205.00 and set a “buy” rating on the stock in a research note on Friday, February 21st. The Goldman Sachs Group initiated coverage on shares of Texas Roadhouse in a research report on Thursday, December 5th. They set a “neutral” rating and a $213.00 price target on the stock. Stephens lowered their price objective on shares of Texas Roadhouse from $186.00 to $180.00 and set an “equal weight” rating for the company in a research report on Friday, February 21st. Stifel Nicolaus reduced their target price on Texas Roadhouse from $185.00 to $172.00 and set a “hold” rating on the stock in a report on Friday, February 21st. Finally, Morgan Stanley upgraded Texas Roadhouse from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $205.00 to $213.00 in a report on Tuesday, January 21st.

Insider Activity at Texas Roadhouse

In related news, Director Curtis Warfield sold 3,281 shares of the firm’s stock in a transaction on Tuesday, March 4th. The shares were sold at an average price of $183.67, for a total value of $602,621.27. Following the completion of the transaction, the director now directly owns 6,801 shares of the company’s stock, valued at approximately $1,249,139.67. This trade represents a 32.54 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, President Regina A. Tobin sold 3,154 shares of the company’s stock in a transaction on Wednesday, March 5th. The stock was sold at an average price of $185.64, for a total transaction of $585,508.56. Following the sale, the president now directly owns 18,414 shares in the company, valued at $3,418,374.96. This trade represents a 14.62 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 17,905 shares of company stock valued at $3,198,367. 0.50% of the stock is owned by insiders.

Institutional Investors Weigh In On Texas Roadhouse

Hedge funds have recently bought and sold shares of the company. True Wealth Design LLC bought a new stake in Texas Roadhouse in the third quarter valued at approximately $30,000. Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of Texas Roadhouse during the 4th quarter worth approximately $30,000. Coppell Advisory Solutions LLC raised its stake in Texas Roadhouse by 56.8% in the 4th quarter. Coppell Advisory Solutions LLC now owns 196 shares of the restaurant operator’s stock valued at $35,000 after acquiring an additional 71 shares during the period. SBI Securities Co. Ltd. acquired a new stake in Texas Roadhouse during the 4th quarter valued at $36,000. Finally, MassMutual Private Wealth & Trust FSB boosted its position in Texas Roadhouse by 32.2% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 267 shares of the restaurant operator’s stock worth $48,000 after purchasing an additional 65 shares during the period. 94.82% of the stock is currently owned by institutional investors and hedge funds.

Texas Roadhouse Stock Down 2.1 %

NASDAQ:TXRH opened at $171.05 on Friday. Texas Roadhouse has a 12-month low of $146.75 and a 12-month high of $206.04. The stock’s fifty day simple moving average is $176.36 and its 200-day simple moving average is $181.50. The firm has a market capitalization of $11.37 billion, a P/E ratio of 26.44, a P/E/G ratio of 1.23 and a beta of 1.00.

Texas Roadhouse (NASDAQ:TXRH) last released its earnings results on Thursday, February 20th. The restaurant operator reported $1.73 earnings per share for the quarter, beating the consensus estimate of $1.66 by $0.07. The firm had revenue of $1.44 billion for the quarter, compared to analyst estimates of $1.41 billion. Texas Roadhouse had a return on equity of 34.02% and a net margin of 8.07%. As a group, equities research analysts expect that Texas Roadhouse will post 7.23 earnings per share for the current year.

Texas Roadhouse Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Tuesday, March 18th will be paid a dividend of $0.68 per share. This represents a $2.72 dividend on an annualized basis and a dividend yield of 1.59%. This is an increase from Texas Roadhouse’s previous quarterly dividend of $0.61. The ex-dividend date is Tuesday, March 18th. Texas Roadhouse’s dividend payout ratio is currently 42.04%.

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.