Texas Roadhouse, Inc. (NASDAQ:TXRH) Stock Has Consensus Price Target of $210.48

Texas Roadhouse, Inc. (NASDAQ:TXRH) has earned an average recommendation of “Moderate Buy” from the twenty-three ratings firms that are presently covering the firm, Marketbeat reports. Twelve analysts have rated the stock with a hold recommendation, ten have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $210.48.

A number of research analysts recently weighed in on the stock. UBS Group raised their target price on shares of Texas Roadhouse from $210.00 to $235.00 and gave the company a “buy” rating in a report on Monday, August 3rd. KeyCorp reissued a “sector weight” rating on shares of Texas Roadhouse in a research note on Friday. Stephens boosted their target price on shares of Texas Roadhouse from $180.00 to $205.00 and gave the stock an “equal weight” rating in a report on Friday, August 7th. Citigroup increased their price target on shares of Texas Roadhouse from $193.00 to $209.00 and gave the company a “neutral” rating in a report on Friday, August 7th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $235.00 price target on shares of Texas Roadhouse in a research report on Monday, August 3rd.

Insider Activity at Texas Roadhouse

In related news, CEO Gerald Morgan sold 15,000 shares of the firm’s stock in a transaction on Friday, August 21st. The stock was sold at an average price of $202.17, for a total value of $3,032,550.00. Following the completion of the sale, the chief executive officer directly owned 80,970 shares in the company, valued at $16,369,704.90. This trade represents a 15.63% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Gregory Moore sold 3,000 shares of Texas Roadhouse stock in a transaction on Tuesday, August 11th. The stock was sold at an average price of $208.32, for a total transaction of $624,960.00. Following the transaction, the director directly owned 26,900 shares of the company’s stock, valued at $5,603,808. The trade was a 10.03% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 19,970 shares of company stock worth $4,061,808 in the last ninety days. Corporate insiders own 0.50% of the company’s stock.

Hedge Funds Weigh In On Texas Roadhouse

A number of large investors have recently made changes to their positions in the company. Versant Capital Management Inc grew its holdings in Texas Roadhouse by 155.1% during the 3rd quarter. Versant Capital Management Inc now owns 528 shares of the restaurant operator’s stock valued at $83,000 after purchasing an additional 321 shares during the last quarter. Cim Investment Management Inc. lifted its stake in Texas Roadhouse by 7.3% in the second quarter. Cim Investment Management Inc. now owns 1,935 shares of the restaurant operator’s stock worth $374,000 after purchasing an additional 131 shares during the last quarter. QRG Capital Management Inc. lifted its stake in Texas Roadhouse by 23.7% in the second quarter. QRG Capital Management Inc. now owns 5,882 shares of the restaurant operator’s stock worth $1,137,000 after purchasing an additional 1,128 shares during the last quarter. WINTON GROUP Ltd purchased a new position in shares of Texas Roadhouse during the second quarter valued at approximately $232,000. Finally, NewEdge Advisors LLC boosted its position in shares of Texas Roadhouse by 21.7% during the second quarter. NewEdge Advisors LLC now owns 3,909 shares of the restaurant operator’s stock valued at $755,000 after buying an additional 696 shares during the period. 94.82% of the stock is owned by hedge funds and other institutional investors.

Texas Roadhouse Price Performance

NASDAQ:TXRH opened at $156.14 on Wednesday. The business’s 50-day moving average is $189.49 and its 200 day moving average is $179.73. Texas Roadhouse has a 12 month low of $153.82 and a 12 month high of $216.30. The company has a market capitalization of $10.25 billion, a P/E ratio of 24.98, a P/E/G ratio of 1.55 and a beta of 0.80. The company has a current ratio of 0.46, a quick ratio of 0.39 and a debt-to-equity ratio of 0.03.

Texas Roadhouse (NASDAQ:TXRH) last released its quarterly earnings results on Thursday, August 6th. The restaurant operator reported $1.85 earnings per share for the quarter, beating the consensus estimate of $1.83 by $0.02. The business had revenue of $1.68 billion during the quarter, compared to analysts’ expectations of $1.67 billion. Texas Roadhouse had a return on equity of 27.20% and a net margin of 6.63%.The firm’s revenue for the quarter was up 11.1% compared to the same quarter last year. During the same quarter last year, the business posted $1.86 EPS. On average, equities research analysts forecast that Texas Roadhouse will post 6.61 earnings per share for the current fiscal year.

Texas Roadhouse Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 29th. Stockholders of record on Tuesday, September 1st were given a dividend of $0.75 per share. The ex-dividend date of this dividend was Tuesday, September 1st. This represents a $3.00 annualized dividend and a dividend yield of 1.9%. Texas Roadhouse’s payout ratio is currently 48.00%.

Texas Roadhouse Company Profile

Texas Roadhouse, Inc is a casual dining restaurant company that operates and franchises restaurants under the Texas Roadhouse, Bubba’s 33 and Jaggers brands. Its restaurants are known for hand-cut steaks, made-from-scratch sides, fresh-baked bread and a lively, Western-themed atmosphere.

Founded in 1993 and headquartered in Louisville, Kentucky, Texas Roadhouse has grown into an international restaurant operator with locations across the United States and in select foreign markets. The company’s business includes company-operated restaurants, franchised and licensed locations, and related support activities.

Texas Roadhouse primarily serves full-service casual dining customers, while Bubba’s 33 focuses on burgers, pizza and other American favorites in a sports-oriented setting.