Texas Roadhouse, Inc. (NASDAQ:TXRH) Receives Consensus Recommendation of “Hold” from Analysts

Texas Roadhouse, Inc. (NASDAQ:TXRH) has been assigned an average rating of “Hold” from the twenty-five research firms that are presently covering the stock, MarketBeat reports. Fourteen equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $196.3636.

TXRH has been the topic of a number of research analyst reports. TD Cowen increased their price objective on shares of Texas Roadhouse from $192.00 to $205.00 and gave the stock a “buy” rating in a report on Wednesday, May 27th. Guggenheim reissued a “buy” rating and set a $210.00 price objective on shares of Texas Roadhouse in a report on Monday, May 18th. JPMorgan Chase & Co. increased their price objective on shares of Texas Roadhouse from $182.00 to $188.00 and gave the stock a “neutral” rating in a report on Thursday, May 14th. Royal Bank Of Canada raised shares of Texas Roadhouse from a “sector perform” rating to an “outperform” rating and increased their price objective for the stock from $180.00 to $210.00 in a report on Friday, May 15th. Finally, 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.

Texas Roadhouse Price Performance

TXRH opened at $196.59 on Monday. The firm’s 50-day simple moving average is $171.63 and its 200-day simple moving average is $174.27. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.40 and a current ratio of 0.46. Texas Roadhouse has a twelve month low of $153.82 and a twelve month high of $197.00. The firm has a market cap of $12.92 billion, a price-to-earnings ratio of 31.40, a PEG ratio of 2.15 and a beta of 0.79.

Texas Roadhouse (NASDAQ:TXRH) last posted its earnings results on Thursday, May 7th. The restaurant operator reported $1.87 earnings per share for the quarter, topping the consensus estimate 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 for the quarter, compared to analyst estimates of $1.64 billion. During the same quarter in the prior year, the firm earned $1.70 EPS. The firm’s quarterly revenue was up 10.5% compared to the same quarter last year. Equities research analysts anticipate that Texas Roadhouse will post 6.42 EPS for the current fiscal year.

Texas Roadhouse Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Tuesday, June 2nd will be paid a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date of this dividend is Tuesday, June 2nd. Texas Roadhouse’s payout ratio is 47.92%.

Insiders Place Their Bets

In other news, Director Gregory N. Moore sold 1,250 shares of the firm’s stock in a transaction on Monday, May 11th. The stock was sold at an average price of $178.14, for a total value of $222,675.00. Following the transaction, the director directly owned 30,900 shares in the company, valued at $5,504,526. This trade represents a 3.89% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Curtis Warfield sold 2,640 shares of the firm’s stock in a transaction on Monday, May 11th. The stock was sold at an average price of $183.05, for a total value of $483,252.00. Following the completion of the transaction, the director owned 5,361 shares in the company, valued at $981,331.05. This represents a 33.00% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 5,728 shares of company stock worth $1,033,847 over the last three months. Insiders own 0.50% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of TXRH. Elyxium Wealth LLC acquired a new position in Texas Roadhouse during the fourth quarter worth $25,000. Basecamp Wealth Advisors LLC raised its position in Texas Roadhouse by 5,033.3% during the first quarter. Basecamp Wealth Advisors LLC now owns 154 shares of the restaurant operator’s stock worth $25,000 after acquiring an additional 151 shares in the last quarter. Princeton Global Asset Management LLC bought a new stake in Texas Roadhouse during the fourth quarter worth $31,000. Measured Wealth Private Client Group LLC bought a new position in shares of Texas Roadhouse in the 3rd quarter valued at about $33,000. Finally, Garton & Associates Financial Advisors LLC acquired a new position in shares of Texas Roadhouse during the 4th quarter worth about $34,000. Institutional investors own 94.82% of the company’s stock.

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.