Texas Roadhouse, Inc. (NASDAQ:TXRH) Receives $136.05 Average PT from Analysts

Texas Roadhouse, Inc. (NASDAQ:TXRH) has received an average recommendation of “Hold” from the eighteen brokerages that are presently covering the company, MarketBeat Ratings reports. Ten analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $136.05.

Several equities analysts have recently commented on the stock. Stephens started coverage on shares of Texas Roadhouse in a report on Friday. They set an “equal weight” rating and a $150.00 price target on the stock. Morgan Stanley lifted their target price on shares of Texas Roadhouse from $135.00 to $145.00 and gave the company an “equal weight” rating in a research note on Friday. BMO Capital Markets increased their price target on shares of Texas Roadhouse from $110.00 to $130.00 and gave the stock a “market perform” rating in a research note on Friday, February 16th. JPMorgan Chase & Co. lifted their price objective on shares of Texas Roadhouse from $142.00 to $145.00 and gave the company a “neutral” rating in a research note on Tuesday, March 19th. Finally, Northcoast Research cut shares of Texas Roadhouse from a “buy” rating to a “neutral” rating in a report on Tuesday, February 20th.

Insider Activity at Texas Roadhouse

In related news, Director Donna E. Epps sold 670 shares of the business’s stock in a transaction dated Thursday, March 7th. The stock was sold at an average price of $149.97, for a total transaction of $100,479.90. Following the transaction, the director now directly owns 4,142 shares in the company, valued at $621,175.74. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, insider Christopher C. Colson sold 405 shares of Texas Roadhouse stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $149.05, for a total transaction of $60,365.25. Following the sale, the insider now directly owns 8,500 shares in the company, valued at approximately $1,266,925. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Donna E. Epps sold 670 shares of the company’s stock in a transaction dated Thursday, March 7th. The shares were sold at an average price of $149.97, for a total transaction of $100,479.90. Following the completion of the sale, the director now directly owns 4,142 shares in the company, valued at approximately $621,175.74. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 12,382 shares of company stock worth $1,843,145. Company insiders own 0.50% of the company’s stock.

Institutional Trading of Texas Roadhouse

Several institutional investors have recently bought and sold shares of TXRH. Comerica Bank bought a new stake in shares of Texas Roadhouse in the 3rd quarter worth about $10,585,000. Bamco Inc. NY raised its stake in shares of Texas Roadhouse by 16.9% in the third quarter. Bamco Inc. NY now owns 296,213 shares of the restaurant operator’s stock valued at $28,466,000 after acquiring an additional 42,755 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of Texas Roadhouse by 1.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 754,658 shares of the restaurant operator’s stock worth $72,523,000 after acquiring an additional 8,219 shares in the last quarter. Assenagon Asset Management S.A. bought a new stake in Texas Roadhouse during the 3rd quarter worth approximately $8,748,000. Finally, Boston Trust Walden Corp increased its holdings in Texas Roadhouse by 12.9% during the 4th quarter. Boston Trust Walden Corp now owns 777,202 shares of the restaurant operator’s stock valued at $94,997,000 after purchasing an additional 89,019 shares in the last quarter. Institutional investors and hedge funds own 94.82% of the company’s stock.

Texas Roadhouse Stock Performance

Texas Roadhouse stock opened at $148.72 on Friday. The company has a 50 day moving average price of $147.91 and a 200 day moving average price of $124.06. The firm has a market capitalization of $9.94 billion, a price-to-earnings ratio of 32.83, a P/E/G ratio of 1.63 and a beta of 0.99. Texas Roadhouse has a 52 week low of $91.06 and a 52 week high of $157.12.

Texas Roadhouse (NASDAQ:TXRH) last posted its quarterly earnings results on Thursday, February 15th. The restaurant operator reported $1.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.07 by $0.01. Texas Roadhouse had a net margin of 6.58% and a return on equity of 27.43%. The business had revenue of $1.16 billion during the quarter, compared to analyst estimates of $1.16 billion. During the same period in the prior year, the firm earned $0.89 earnings per share. The firm’s revenue was up 15.3% compared to the same quarter last year. Equities analysts forecast that Texas Roadhouse will post 5.73 earnings per share for the current fiscal year.

Texas Roadhouse Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 26th. Stockholders of record on Wednesday, March 13th were given a dividend of $0.61 per share. The ex-dividend date was Tuesday, March 12th. This represents a $2.44 dividend on an annualized basis and a dividend yield of 1.64%. This is a positive change from Texas Roadhouse’s previous quarterly dividend of $0.55. Texas Roadhouse’s dividend payout ratio is currently 53.86%.

About Texas Roadhouse

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.