Texas Roadhouse (NASDAQ:TXRH) Hits New 1-Year High – Should You Buy?

Texas Roadhouse, Inc. (NASDAQ:TXRH)’s stock price hit a new 52-week high on Monday . The company traded as high as $212.17 and last traded at $212.6850, with a volume of 52673 shares changing hands. The stock had previously closed at $205.44.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on TXRH shares. TD Cowen lifted their price target on Texas Roadhouse from $192.00 to $205.00 and gave the company a “buy” rating in a report on Wednesday, May 27th. Wall Street Zen upgraded shares of Texas Roadhouse from a “sell” rating to a “hold” rating in a research report on Sunday, May 10th. Piper Sandler raised their price objective on shares of Texas Roadhouse from $190.00 to $192.00 and gave the company a “neutral” rating in a research report on Monday, May 11th. Morgan Stanley reaffirmed an “overweight” rating and issued a $201.00 target price on shares of Texas Roadhouse in a research note on Friday, May 8th. Finally, Barclays reduced their target price on shares of Texas Roadhouse from $188.00 to $175.00 and set an “equal weight” rating on the stock in a research report on Friday, May 8th. Ten investment analysts have rated the stock with a Buy rating and thirteen have issued a Hold rating to the company. According to MarketBeat.com, Texas Roadhouse presently has an average rating of “Hold” and an average target price of $198.80.

Texas Roadhouse Stock Down 1.2%

The company has a market cap of $13.69 billion, a P/E ratio of 33.27, a price-to-earnings-growth ratio of 2.33 and a beta of 0.79. The company has a current ratio of 0.46, a quick ratio of 0.40 and a debt-to-equity ratio of 0.03. The firm’s 50 day moving average price is $185.89 and its 200-day moving average price is $178.50.

Texas Roadhouse (NASDAQ:TXRH) last posted its quarterly earnings results on Thursday, May 7th. The restaurant operator reported $1.87 earnings per share for the quarter, topping analysts’ consensus estimates of $1.80 by $0.07. Texas Roadhouse had a net margin of 6.85% and a return on equity of 27.86%. The business had revenue of $1.63 billion during the quarter, compared to the consensus estimate of $1.64 billion. During the same period in the previous year, the firm posted $1.70 earnings per share. Texas Roadhouse’s revenue for the quarter was up 10.5% compared to the same quarter last year. As a group, equities research analysts expect that Texas Roadhouse, Inc. will post 6.45 EPS for the current year.

Insider Buying and Selling

In other news, insider Christopher C. Colson sold 499 shares of the stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $179.22, for a total value of $89,430.78. Following the transaction, the insider owned 14,500 shares of the company’s stock, valued at $2,598,690. This represents a 3.33% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Lloyd Paul Marshall sold 1,000 shares of Texas Roadhouse stock in a transaction on Thursday, May 14th. The stock was sold at an average price of $178.34, for a total value of $178,340.00. Following the sale, the insider directly owned 10,326 shares of the company’s stock, valued at approximately $1,841,538.84. This trade represents a 8.83% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 6,154 shares of company stock worth $1,115,864 over the last 90 days. 0.50% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Oak Thistle LLC bought a new position in shares of Texas Roadhouse during the fourth quarter worth $1,553,000. Stephens Investment Management Group LLC increased its position in shares of Texas Roadhouse by 98.2% in the 4th quarter. Stephens Investment Management Group LLC now owns 370,225 shares of the restaurant operator’s stock valued at $61,457,000 after buying an additional 183,422 shares in the last quarter. Jefferies Financial Group Inc. bought a new stake in shares of Texas Roadhouse in the 4th quarter valued at $977,000. Amica Mutual Insurance Co. acquired a new stake in Texas Roadhouse during the 4th quarter worth $989,000. Finally, Geode Capital Management LLC raised its stake in Texas Roadhouse by 1.9% during the 4th quarter. Geode Capital Management LLC now owns 1,367,120 shares of the restaurant operator’s stock worth $226,984,000 after buying an additional 24,834 shares during the period. Institutional investors own 94.82% of the company’s stock.

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.