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

Shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) have received an average recommendation of “Moderate Buy” from the twenty-four research firms that are currently covering the company, MarketBeat reports. Thirteen research analysts have rated the stock with a hold recommendation, ten have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $196.70.

Several brokerages have recently issued reports on TXRH. Mizuho upped their price target on shares of Texas Roadhouse from $190.00 to $200.00 and gave the stock an “outperform” rating in a report on Thursday, February 12th. Zacks Research upgraded shares of Texas Roadhouse from a “strong sell” rating to a “hold” rating in a report on Thursday, January 8th. Sanford C. Bernstein set a $185.00 price target on shares of Texas Roadhouse in a report on Wednesday, January 7th. Morgan Stanley lowered their price target on shares of Texas Roadhouse from $208.00 to $202.00 and set an “overweight” rating for the company in a report on Monday, February 23rd. Finally, BTIG Research reiterated a “buy” rating and set a $200.00 price target on shares of Texas Roadhouse in a report on Friday, February 20th.

Texas Roadhouse Stock Performance

Texas Roadhouse stock opened at $159.94 on Wednesday. Texas Roadhouse has a 52 week low of $150.84 and a 52 week high of $199.99. The stock has a market capitalization of $10.54 billion, a P/E ratio of 26.26, a price-to-earnings-growth ratio of 1.77 and a beta of 0.88. The stock has a fifty day moving average of $175.62 and a 200-day moving average of $173.37.

Texas Roadhouse (NASDAQ:TXRH) last posted its quarterly earnings results on Thursday, February 19th. The restaurant operator reported $1.28 EPS for the quarter, missing analysts’ consensus estimates of $1.53 by ($0.25). Texas Roadhouse had a return on equity of 27.88% and a net margin of 6.90%.The business had revenue of $1.48 billion for the quarter, compared to analyst estimates of $1.50 billion. During the same period last year, the firm posted $1.73 EPS. Texas Roadhouse’s quarterly revenue was up 3.1% on a year-over-year basis. On average, research analysts forecast that Texas Roadhouse will post 7.23 earnings per share for the current year.

Texas Roadhouse Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 17th were issued a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a dividend yield of 1.9%. This is a boost from Texas Roadhouse’s previous quarterly dividend of $0.68. The ex-dividend date was Tuesday, March 17th. Texas Roadhouse’s dividend payout ratio (DPR) is currently 49.26%.

Insider Activity at Texas Roadhouse

In other news, Director Gregory N. Moore sold 1,700 shares of the company’s stock in a transaction on Friday, March 6th. The shares were sold at an average price of $171.59, for a total transaction of $291,703.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Hugh J. Carroll sold 988 shares of the company’s stock in a transaction on Monday, March 16th. The stock was sold at an average price of $170.96, for a total transaction of $168,908.48. Following the transaction, the director owned 866 shares of the company’s stock, valued at $148,051.36. This trade represents a 53.29% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 22,988 shares of company stock valued at $4,133,794. 0.50% of the stock is owned by company insiders.

Institutional Trading of Texas Roadhouse

Institutional investors and hedge funds have recently bought and sold shares of the stock. Caldwell Trust Co acquired a new stake in Texas Roadhouse in the second quarter valued at $28,000. Elyxium Wealth LLC acquired a new stake in Texas Roadhouse in the fourth quarter valued at $25,000. Princeton Global Asset Management LLC acquired a new stake in Texas Roadhouse in the fourth quarter valued at $31,000. Measured Wealth Private Client Group LLC acquired a new stake in Texas Roadhouse in the third quarter valued at $33,000. Finally, Garton & Associates Financial Advisors LLC acquired a new stake in Texas Roadhouse in the fourth quarter valued at $34,000. 94.82% of the stock is currently owned by institutional investors and hedge funds.

About Texas Roadhouse

Texas Roadhouse, Inc is a casual dining restaurant chain specializing in hand‐cut steaks, fall‐off‐the‐bone ribs, chicken, seafood and house specialties. Each restaurant features a Western‐themed décor, open kitchens and a signature line dance presentation of fresh, made‐from‐scratch sides and breads. The company emphasizes an energetic dining experience, focusing on hospitality, value and a family‐friendly environment.

The concept was created in 1993 by founder Kent Taylor, who sought to combine high‐quality steaks with an approachable, community‐oriented atmosphere.