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

Texas Roadhouse, Inc. (NASDAQ:TXRH – Get Rating) has been assigned a consensus recommendation of “Hold” from the twenty ratings firms that are covering the company, MarketBeat Ratings reports. Seven analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $112.88.

Several analysts have weighed in on the stock. Truist Financial lifted their price objective on shares of Texas Roadhouse from $110.00 to $120.00 in a research note on Friday, May 5th. Royal Bank of Canada reduced their price target on Texas Roadhouse from $102.00 to $101.00 and set a “sector perform” rating on the stock in a research report on Friday, February 17th. Morgan Stanley lifted their price objective on Texas Roadhouse from $102.00 to $106.00 and gave the company an “equal weight” rating in a report on Monday, April 17th. Stephens increased their target price on Texas Roadhouse from $86.00 to $100.00 and gave the stock an “equal weight” rating in a report on Friday, February 17th. Finally, Raymond James cut Texas Roadhouse from an “outperform” rating to a “market perform” rating in a research report on Monday, April 17th.

Insiders Place Their Bets

In other news, President Regina A. Tobin sold 2,215 shares of the business’s stock in a transaction dated Friday, February 24th. The stock was sold at an average price of $103.84, for a total transaction of $230,005.60. Following the sale, the president now directly owns 13,248 shares in the company, valued at $1,375,672.32. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other Texas Roadhouse news, CEO Gerald L. Morgan sold 2,500 shares of the company’s stock in a transaction that occurred on Thursday, May 18th. The shares were sold at an average price of $115.00, for a total value of $287,500.00. Following the completion of the transaction, the chief executive officer now directly owns 94,824 shares in the company, valued at approximately $10,904,760. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, President Regina A. Tobin sold 2,215 shares of Texas Roadhouse stock in a transaction on Friday, February 24th. The stock was sold at an average price of $103.84, for a total transaction of $230,005.60. Following the transaction, the president now owns 13,248 shares in the company, valued at approximately $1,375,672.32. The disclosure for this sale can be found here. Insiders sold a total of 15,202 shares of company stock valued at $1,661,105 in the last 90 days. Corporate insiders own 0.50% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. TFC Financial Management Inc. grew its position in shares of Texas Roadhouse by 480.0% in the 1st quarter. TFC Financial Management Inc. now owns 290 shares of the restaurant operator’s stock valued at $31,000 after buying an additional 240 shares during the last quarter. Neo Ivy Capital Management acquired a new stake in Texas Roadhouse during the 2nd quarter valued at approximately $32,000. Ellevest Inc. raised its holdings in Texas Roadhouse by 121.8% during the 4th quarter. Ellevest Inc. now owns 386 shares of the restaurant operator’s stock worth $35,000 after purchasing an additional 212 shares during the last quarter. Coppell Advisory Solutions Corp. acquired a new position in shares of Texas Roadhouse in the 4th quarter worth approximately $44,000. Finally, Belpointe Asset Management LLC boosted its stake in shares of Texas Roadhouse by 71.9% in the 1st quarter. Belpointe Asset Management LLC now owns 459 shares of the restaurant operator’s stock valued at $50,000 after purchasing an additional 192 shares during the last quarter. 97.52% of the stock is owned by institutional investors.

Texas Roadhouse Stock Down 1.1 %

Shares of NASDAQ:TXRH opened at $110.85 on Wednesday. Texas Roadhouse has a 12-month low of $68.58 and a 12-month high of $116.72. The business has a 50 day moving average of $108.83 and a 200-day moving average of $102.71. The stock has a market cap of $7.43 billion, a PE ratio of 26.58, a P/E/G ratio of 1.42 and a beta of 0.95.

Texas Roadhouse (NASDAQ:TXRH – Get Rating) last released its quarterly earnings results on Thursday, May 4th. The restaurant operator reported $1.28 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.39 by ($0.11). Texas Roadhouse had a net margin of 6.69% and a return on equity of 27.79%. The firm had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.15 billion. During the same quarter last year, the firm earned $1.08 earnings per share. The business’s revenue for the quarter was up 18.9% compared to the same quarter last year. Equities research analysts expect that Texas Roadhouse will post 4.66 earnings per share for the current year.

Texas Roadhouse Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 23rd. Investors of record on Wednesday, June 7th will be given a dividend of $0.55 per share. The ex-dividend date is Tuesday, June 6th. This represents a $2.20 dividend on an annualized basis and a yield of 1.98%. Texas Roadhouse’s dividend payout ratio is currently 52.76%.

About Texas Roadhouse

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Texas Roadhouse, Inc is a full-service, casual dining restaurant chain, which offers assorted seasoned and aged steaks hand-cut daily on the premises and cooked to order over open gas-fired grills. It operates restaurants under the Texas Roadhouse and Aspen Creek names. The firm also offers its guests a selection of ribs, fish, seafood, chicken, pork chops, pulled pork and vegetable plates, an assortment of hamburgers, salads and sandwiches.