Texas Roadhouse, Inc. (NASDAQ:TXRH) Stock Has Consensus Target Price of $206.77 According to Brokerages

Shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) have been given an average recommendation of “Moderate Buy” by the twenty-five brokerages that are presently covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, nine have given a hold recommendation, thirteen have given a buy recommendation and two have issued a strong buy recommendation on the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $206.77.

A number of research analysts recently weighed in on the stock. Royal Bank Of Canada decreased their price target on shares of Texas Roadhouse from $235.00 to $220.00 and set an “outperform” rating on the stock in a research note on Monday, October 5th. TD Cowen cut their price objective on Texas Roadhouse from $230.00 to $195.00 and set a “buy” rating for the company in a research note on Friday, October 16th. Barclays cut Texas Roadhouse from an “equal weight” rating to a “cautious” rating in a report on Wednesday, October 14th. Vertical Research upgraded Texas Roadhouse to a “buy” rating in a research report on Wednesday, October 14th. Finally, Weiss Ratings raised Texas Roadhouse from a “buy (b-)” rating to a “buy (b)” rating in a research note on Wednesday, September 9th.

Insider Activity

In other Texas Roadhouse news, insider Lloyd Marshall sold 500 shares of the stock in a transaction dated Wednesday, August 26th. The shares were sold at an average price of $204.65, for a total value of $102,325.00. Following the completion of the sale, the insider owned 9,826 shares in the company, valued at approximately $2,010,890.90. This represents a 4.84% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Gerald L. Morgan sold 15,000 shares of the firm’s stock in a transaction that occurred on Friday, August 21st. The stock was sold at an average price of $202.17, for a total transaction of $3,032,550.00. Following the completion of the transaction, 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 SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 19,970 shares of company stock valued at $4,061,808 in the last ninety days. 0.50% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Texas Roadhouse

A number of institutional investors have recently added to or reduced their stakes in TXRH. Ranger Investment Management L.P. acquired a new position in shares of Texas Roadhouse during the 2nd quarter valued at about $21,560,000. The Manufacturers Life Insurance Company purchased a new stake in shares of Texas Roadhouse in the second quarter valued at about $9,473,000. J. Goldman & Co LP purchased a new stake in shares of Texas Roadhouse in the second quarter valued at about $10,434,000. Bamco Inc. NY purchased a new stake in shares of Texas Roadhouse in the second quarter valued at about $60,148,000. Finally, Callan Family Office LLC acquired a new stake in Texas Roadhouse during the second quarter worth about $1,449,000. Hedge funds and other institutional investors own 94.82% of the company’s stock.

Texas Roadhouse Price Performance

Shares of NASDAQ TXRH opened at $182.96 on Friday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.39 and a current ratio of 0.46. The firm has a fifty day moving average of $174.57 and a 200 day moving average of $179.17. The firm has a market cap of $12.01 billion, a PE ratio of 29.27, a PEG ratio of 1.89 and a beta of 0.80. Texas Roadhouse has a one year low of $153.82 and a one year high of $216.30.

Texas Roadhouse (NASDAQ:TXRH) last posted its quarterly earnings data on Thursday, August 6th. The restaurant operator reported $1.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.83 by $0.02. The business had revenue of $1.68 billion for the quarter, compared to the consensus estimate of $1.67 billion. Texas Roadhouse had a net margin of 6.63% and a return on equity of 27.20%. The company’s revenue was up 11.1% compared to the same quarter last year. During the same period last year, the firm posted $1.86 earnings per share. As a group, research analysts predict that Texas Roadhouse will post 6.48 EPS for the current fiscal year.

Texas Roadhouse Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 29th. Shareholders of record on Tuesday, September 1st were issued a $0.75 dividend. The ex-dividend date was Tuesday, September 1st. This represents a $3.00 dividend on an annualized basis and a yield of 1.6%. Texas Roadhouse’s dividend payout ratio (DPR) is presently 48.00%.

About Texas Roadhouse

Texas Roadhouse, Inc (NASDAQ: TXRH) operates full-service casual dining restaurants under the Texas Roadhouse, Bubba’s 33 and Jaggers brands. Its restaurants serve made-from-scratch meals centered on hand-cut steaks, ribs, chicken, seafood, burgers and other American-style dishes, along with freshly baked rolls and a selection of beverages.

Founded in 1993, Texas Roadhouse began with its first restaurant in Clarksville, Indiana. The company’s restaurant network includes company-owned and franchised locations across the United States, as well as international locations.