Brokerages Set Texas Roadhouse, Inc. (NASDAQ:TXRH) Price Target at $196.57

Texas Roadhouse, Inc. (NASDAQ:TXRH) has received an average recommendation of “Moderate Buy” from the twenty-six brokerages that are covering the company, Marketbeat reports. Thirteen analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating on the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $196.5455.

A number of research analysts have recently commented on the company. Mizuho increased their price objective on Texas Roadhouse from $190.00 to $200.00 and gave the company an “outperform” rating in a report on Thursday, February 12th. Benchmark reaffirmed a “hold” rating on shares of Texas Roadhouse in a report on Monday. BMO Capital Markets reissued a “market perform” rating and set a $165.00 price objective on shares of Texas Roadhouse in a report on Friday. Barclays set a $188.00 price objective on shares of Texas Roadhouse in a research report on Friday. Finally, Wells Fargo & Company increased their target price on shares of Texas Roadhouse from $195.00 to $220.00 and gave the company an “overweight” rating in a research report on Thursday, January 22nd.

Insider Activity

In related news, CEO Gerald L. Morgan sold 5,000 shares of the company’s stock in a transaction dated Tuesday, January 20th. The stock was sold at an average price of $196.00, for a total value of $980,000.00. Following the completion of the sale, the chief executive officer directly owned 91,774 shares of the company’s stock, valued at $17,987,704. This represents a 5.17% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Hugh J. Carroll sold 1,000 shares of Texas Roadhouse stock in a transaction that occurred on Thursday, December 4th. The stock was sold at an average price of $167.27, for a total value of $167,270.00. Following the transaction, the director directly owned 1,854 shares in the company, valued at approximately $310,118.58. This trade represents a 35.04% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 12,400 shares of company stock valued at $2,320,920. Insiders own 0.50% of the company’s stock.

Institutional Trading of Texas Roadhouse

Institutional investors and hedge funds have recently bought and sold shares of the business. Caldwell Trust Co purchased a new position in Texas Roadhouse during the 2nd quarter worth $28,000. Elyxium Wealth LLC acquired a new stake in shares of Texas Roadhouse during the fourth quarter worth about $25,000. Princeton Global Asset Management LLC purchased a new position in shares of Texas Roadhouse during the fourth quarter worth about $31,000. Measured Wealth Private Client Group LLC acquired a new position in Texas Roadhouse in the 3rd quarter valued at about $33,000. Finally, Garton & Associates Financial Advisors LLC acquired a new position in Texas Roadhouse in the 4th quarter valued at about $34,000. Hedge funds and other institutional investors own 94.82% of the company’s stock.

Texas Roadhouse Trading Down 0.5%

Shares of TXRH opened at $177.93 on Tuesday. The firm has a market capitalization of $11.77 billion, a price-to-earnings ratio of 29.22, a PEG ratio of 2.92 and a beta of 0.88. The firm’s fifty day simple moving average is $180.97 and its 200-day simple moving average is $173.35. Texas Roadhouse has a twelve month low of $148.73 and a twelve month high of $199.99.

Texas Roadhouse (NASDAQ:TXRH) last posted its earnings results on Thursday, February 19th. The restaurant operator reported $1.28 EPS for the quarter, missing the consensus estimate of $1.53 by ($0.25). Texas Roadhouse had a net margin of 6.90% and a return on equity of 27.88%. The business had revenue of $1.48 billion during the quarter, compared to analysts’ expectations of $1.50 billion. During the same period last year, the company earned $1.73 EPS. The business’s quarterly revenue was up 3.1% compared to the same quarter last year. On average, 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, March 31st. Stockholders of record on Tuesday, March 17th will be given a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.7%. This is an increase from Texas Roadhouse’s previous quarterly dividend of $0.68. The ex-dividend date is Tuesday, March 17th. Texas Roadhouse’s payout ratio is presently 44.66%.

Texas Roadhouse Company Profile

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.