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

Shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) have been assigned a consensus rating of “Hold” from the twenty-four analysts that are presently covering the company, Marketbeat Ratings reports. Thirteen analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $190.09.

Several analysts recently commented on TXRH shares. The Goldman Sachs Group began coverage on shares of Texas Roadhouse in a research note on Thursday, December 5th. They issued a “neutral” rating and a $213.00 price objective for the company. Citigroup lifted their price target on shares of Texas Roadhouse from $192.00 to $201.00 and gave the company a “buy” rating in a research report on Tuesday, October 1st. UBS Group upped their price target on Texas Roadhouse from $200.00 to $210.00 and gave the stock a “buy” rating in a report on Friday, October 25th. Wedbush lifted their price objective on Texas Roadhouse from $190.00 to $200.00 and gave the stock an “outperform” rating in a report on Friday, October 25th. Finally, Robert W. Baird boosted their target price on Texas Roadhouse from $190.00 to $205.00 and gave the stock an “outperform” rating in a research report on Friday, October 25th.

Insider Transactions at Texas Roadhouse

In other news, Director Donna E. Epps sold 610 shares of Texas Roadhouse stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $195.66, for a total transaction of $119,352.60. Following the sale, the director now owns 3,532 shares in the company, valued at $691,071.12. This trade represents a 14.73 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CTO Hernan E. Mujica sold 1,500 shares of the company’s stock in a transaction on Thursday, November 14th. The shares were sold at an average price of $202.26, for a total transaction of $303,390.00. Following the completion of the transaction, the chief technology officer now owns 16,342 shares of the company’s stock, valued at $3,305,332.92. This trade represents a 8.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.50% of the company’s stock.

Institutional Investors Weigh In On Texas Roadhouse

Hedge funds have recently bought and sold shares of the business. Wealth Enhancement Advisory Services LLC increased its position in shares of Texas Roadhouse by 60.6% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 4,425 shares of the restaurant operator’s stock worth $760,000 after purchasing an additional 1,670 shares during the last quarter. Raymond James & Associates grew its position in shares of Texas Roadhouse by 4.6% in the 2nd quarter. Raymond James & Associates now owns 70,827 shares of the restaurant operator’s stock worth $12,162,000 after acquiring an additional 3,120 shares in the last quarter. Fifth Third Bancorp grew its position in shares of Texas Roadhouse by 40.7% in the 2nd quarter. Fifth Third Bancorp now owns 608 shares of the restaurant operator’s stock worth $104,000 after acquiring an additional 176 shares in the last quarter. Fifth Third Wealth Advisors LLC bought a new stake in shares of Texas Roadhouse in the 2nd quarter valued at approximately $400,000. Finally, Raymond James Trust N.A. raised its position in shares of Texas Roadhouse by 109.5% during the 2nd quarter. Raymond James Trust N.A. now owns 4,587 shares of the restaurant operator’s stock valued at $788,000 after acquiring an additional 2,397 shares in the last quarter. Institutional investors and hedge funds own 94.82% of the company’s stock.

Texas Roadhouse Trading Down 4.3 %

Shares of TXRH stock opened at $178.95 on Thursday. The company has a market capitalization of $11.94 billion, a P/E ratio of 30.75, a price-to-earnings-growth ratio of 1.59 and a beta of 0.98. The business’s 50 day moving average is $191.18 and its two-hundred day moving average is $177.20. Texas Roadhouse has a twelve month low of $115.48 and a twelve month high of $206.04.

Texas Roadhouse (NASDAQ:TXRH) last released its earnings results on Thursday, October 24th. The restaurant operator reported $1.26 EPS for the quarter, missing the consensus estimate of $1.32 by ($0.06). Texas Roadhouse had a return on equity of 31.33% and a net margin of 7.65%. The firm had revenue of $1.27 billion during the quarter, compared to analyst estimates of $1.27 billion. During the same quarter last year, the business posted $0.95 EPS. The firm’s revenue was up 13.5% on a year-over-year basis. As a group, equities analysts predict that Texas Roadhouse will post 6.39 earnings per share for the current fiscal year.

Texas Roadhouse Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Tuesday, December 10th will be issued a $0.61 dividend. The ex-dividend date is Tuesday, December 10th. This represents a $2.44 annualized dividend and a yield of 1.36%. Texas Roadhouse’s payout ratio is 41.92%.

Texas Roadhouse Company Profile

Texas Roadhouse, Inc, together with its subsidiaries, operates casual dining restaurants in the United States and internationally. It also operates and franchises restaurants under the Texas Roadhouse, Bubba's 33, and Jaggers names in 49 states and ten internationally. Texas Roadhouse, Inc was founded in 1993 and is based in Louisville, Kentucky.