Texas Roadhouse (NASDAQ:TXRH) Research Coverage Started at Stephens

Stephens began coverage on shares of Texas Roadhouse (NASDAQ:TXRHGet Rating) in a research report released on Thursday, The Fly reports. The firm issued an equal weight rating on the restaurant operator’s stock.

A number of other research firms have also recently commented on TXRH. Bank of America initiated coverage on Texas Roadhouse in a research note on Monday, June 27th. They issued a buy rating and a $96.00 price target for the company. Barclays cut their price objective on Texas Roadhouse from $92.00 to $87.00 and set an equal weight rating on the stock in a report on Thursday, June 9th. Deutsche Bank Aktiengesellschaft increased their price objective on Texas Roadhouse from $91.00 to $97.00 in a report on Friday, July 29th. Morgan Stanley increased their price objective on Texas Roadhouse from $93.00 to $95.00 and gave the company an equal weight rating in a report on Tuesday, August 16th. Finally, UBS Group cut their price objective on Texas Roadhouse from $108.00 to $104.00 in a report on Tuesday, July 26th. Seven equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of Moderate Buy and an average price target of $102.05.

Texas Roadhouse Trading Down 3.4 %

Shares of NASDAQ TXRH opened at $86.42 on Thursday. The company has a debt-to-equity ratio of 0.08, a current ratio of 0.53 and a quick ratio of 0.47. The stock has a market capitalization of $5.89 billion, a P/E ratio of 23.61, a price-to-earnings-growth ratio of 1.70 and a beta of 0.97. Texas Roadhouse has a 1-year low of $68.58 and a 1-year high of $97.43. The business has a fifty day moving average price of $88.88 and a 200 day moving average price of $82.47.

Texas Roadhouse (NASDAQ:TXRHGet Rating) last released its quarterly earnings results on Thursday, July 28th. The restaurant operator reported $1.07 EPS for the quarter, beating analysts’ consensus estimates of $1.03 by $0.04. Texas Roadhouse had a return on equity of 24.45% and a net margin of 6.71%. The company had revenue of $1.02 billion during the quarter, compared to analysts’ expectations of $1.02 billion. During the same period last year, the business posted $1.08 earnings per share. The firm’s revenue was up 14.0% compared to the same quarter last year. Equities research analysts expect that Texas Roadhouse will post 3.83 EPS for the current fiscal year.

Texas Roadhouse Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, September 23rd. Stockholders of record on Wednesday, September 7th will be given a $0.46 dividend. The ex-dividend date is Tuesday, September 6th. This represents a $1.84 annualized dividend and a dividend yield of 2.13%. Texas Roadhouse’s dividend payout ratio (DPR) is presently 50.27%.

Insider Activity

In other news, CEO Gerald L. Morgan sold 4,665 shares of the firm’s stock in a transaction that occurred on Monday, August 15th. The stock was sold at an average price of $95.08, for a total value of $443,548.20. Following the transaction, the chief executive officer now owns 81,547 shares in the company, valued at $7,753,488.76. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, General Counsel Christopher C. Colson sold 1,357 shares of the firm’s stock in a transaction that occurred on Thursday, August 18th. The stock was sold at an average price of $94.36, for a total value of $128,046.52. Following the transaction, the general counsel now owns 3,000 shares in the company, valued at $283,080. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Gerald L. Morgan sold 4,665 shares of Texas Roadhouse stock in a transaction that occurred on Monday, August 15th. The stock was sold at an average price of $95.08, for a total value of $443,548.20. Following the transaction, the chief executive officer now owns 81,547 shares in the company, valued at approximately $7,753,488.76. The disclosure for this sale can be found here. Insiders have sold a total of 18,922 shares of company stock worth $1,739,455 over the last quarter. 4.99% 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 the stock. Verition Fund Management LLC lifted its position in Texas Roadhouse by 160.1% during the second quarter. Verition Fund Management LLC now owns 6,674 shares of the restaurant operator’s stock worth $489,000 after buying an additional 4,108 shares in the last quarter. M&G Investment Management Ltd. purchased a new position in Texas Roadhouse during the second quarter worth approximately $1,553,000. Prelude Capital Management LLC purchased a new position in Texas Roadhouse during the second quarter worth approximately $466,000. Captrust Financial Advisors lifted its position in Texas Roadhouse by 4.5% during the second quarter. Captrust Financial Advisors now owns 3,743 shares of the restaurant operator’s stock worth $274,000 after buying an additional 161 shares in the last quarter. Finally, Legal & General Group Plc lifted its position in Texas Roadhouse by 1.3% during the second quarter. Legal & General Group Plc now owns 106,766 shares of the restaurant operator’s stock worth $7,815,000 after buying an additional 1,418 shares in the last quarter. Hedge funds and other institutional investors own 97.80% of the company’s stock.

About Texas Roadhouse

(Get Rating)

Texas Roadhouse, Inc, together with its subsidiaries, operates casual dining restaurants in the United States and internationally. The company operates and franchises restaurants under the Texas Roadhouse, Bubba's 33, and Jaggers names. As of December 28, 2021, it operated 566 domestic restaurants and 101 franchise restaurants.

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Analyst Recommendations for Texas Roadhouse (NASDAQ:TXRH)

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