Texas Roadhouse, Inc. (NASDAQ:TXRH) Receives $192.73 Average PT from Analysts

Texas Roadhouse, Inc. (NASDAQ:TXRH) has earned a consensus rating of “Moderate Buy” from the twenty-three brokerages that are currently covering the company, MarketBeat reports. Eleven analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $192.73.

A number of brokerages recently issued reports on TXRH. Stifel Nicolaus decreased their price objective on shares of Texas Roadhouse from $185.00 to $172.00 and set a “hold” rating for the company in a report on Friday, February 21st. Stephens cut their price target on shares of Texas Roadhouse from $186.00 to $180.00 and set an “equal weight” rating on the stock in a research note on Friday, February 21st. The Goldman Sachs Group assumed coverage on shares of Texas Roadhouse in a research note on Thursday, December 5th. They issued a “neutral” rating and a $213.00 price target on the stock. Morgan Stanley raised shares of Texas Roadhouse from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $205.00 to $213.00 in a research note on Tuesday, January 21st. Finally, Wedbush cut their price target on shares of Texas Roadhouse from $220.00 to $200.00 and set an “outperform” rating on the stock in a research note on Friday, February 21st.

Insider Buying and Selling

In related news, Director Gregory N. Moore sold 2,700 shares of the business’s stock in a transaction on Monday, February 24th. The shares were sold at an average price of $168.26, for a total transaction of $454,302.00. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, President Regina A. Tobin sold 3,154 shares of the company’s stock in a transaction on Wednesday, March 5th. The shares were sold at an average price of $185.64, for a total transaction of $585,508.56. Following the completion of the transaction, the president now owns 18,414 shares in the company, valued at approximately $3,418,374.96. This represents a 14.62 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 17,905 shares of company stock worth $3,198,367. Insiders own 0.50% of the company’s stock.

Hedge Funds Weigh In On Texas Roadhouse

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

Texas Roadhouse Stock Performance

Shares of NASDAQ TXRH opened at $179.23 on Tuesday. The stock has a market cap of $11.96 billion, a P/E ratio of 27.70, a P/E/G ratio of 1.23 and a beta of 1.02. The firm has a 50 day moving average price of $178.62 and a 200 day moving average price of $180.82. Texas Roadhouse has a 52-week low of $146.75 and a 52-week high of $206.04.

Texas Roadhouse (NASDAQ:TXRH) last issued its quarterly earnings data on Thursday, February 20th. The restaurant operator reported $1.73 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.66 by $0.07. The firm had revenue of $1.44 billion during the quarter, compared to analysts’ expectations of $1.41 billion. Texas Roadhouse had a net margin of 8.07% and a return on equity of 34.02%. Analysts predict that Texas Roadhouse will post 7.23 earnings per share for the current fiscal year.

Texas Roadhouse Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Tuesday, March 18th will be issued a dividend of $0.68 per share. This represents a $2.72 dividend on an annualized basis and a yield of 1.52%. 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 payout ratio is presently 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.