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

Texas Roadhouse, Inc. (NASDAQ:TXRH) has earned an average rating of “Hold” from the twenty-two analysts that are covering the stock, MarketBeat Ratings reports. Twelve equities research analysts have rated the stock with a hold rating and ten have issued a buy rating on the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $155.55.

A number of brokerages have commented on TXRH. Jefferies Financial Group increased their target price on Texas Roadhouse from $120.00 to $136.00 and gave the company a “hold” rating in a report on Tuesday, April 16th. Royal Bank of Canada increased their target price on Texas Roadhouse from $145.00 to $165.00 and gave the company a “sector perform” rating in a report on Friday, May 3rd. Wells Fargo & Company increased their price target on Texas Roadhouse from $140.00 to $165.00 and gave the company an “equal weight” rating in a report on Friday, May 3rd. BTIG Research increased their price target on Texas Roadhouse from $155.00 to $175.00 and gave the company a “buy” rating in a report on Friday, May 3rd. Finally, UBS Group increased their price target on Texas Roadhouse from $145.00 to $155.00 and gave the company a “buy” rating in a report on Friday, February 16th.

Texas Roadhouse Stock Down 1.0 %

Shares of TXRH opened at $166.07 on Wednesday. Texas Roadhouse has a 52 week low of $91.06 and a 52 week high of $170.39. The company has a market capitalization of $11.10 billion, a price-to-earnings ratio of 33.62, a PEG ratio of 1.73 and a beta of 1.00. The stock’s 50-day moving average price is $153.17 and its 200-day moving average price is $131.01.

Texas Roadhouse (NASDAQ:TXRH) last issued its quarterly earnings results on Thursday, May 2nd. The restaurant operator reported $1.69 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.65 by $0.04. The company had revenue of $1.32 billion for the quarter, compared to the consensus estimate of $1.32 billion. Texas Roadhouse had a return on equity of 28.85% and a net margin of 6.94%. Texas Roadhouse’s revenue for the quarter was up 12.5% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.28 earnings per share. As a group, equities analysts anticipate that Texas Roadhouse will post 5.9 EPS for the current fiscal year.

Texas Roadhouse Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 26th. Shareholders of record on Wednesday, March 13th were issued a $0.61 dividend. This represents a $2.44 dividend on an annualized basis and a yield of 1.47%. The ex-dividend date of this dividend was Tuesday, March 12th. This is a positive change from Texas Roadhouse’s previous quarterly dividend of $0.55. Texas Roadhouse’s payout ratio is currently 49.39%.

Insider Buying and Selling at Texas Roadhouse

In other Texas Roadhouse news, insider Christopher C. Colson sold 405 shares of Texas Roadhouse stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $149.05, for a total value of $60,365.25. Following the sale, the insider now owns 8,500 shares of the company’s stock, valued at approximately $1,266,925. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, insider Christopher C. Colson sold 405 shares of the business’s stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $149.05, for a total transaction of $60,365.25. Following the sale, the insider now owns 8,500 shares of the company’s stock, valued at approximately $1,266,925. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, President Regina A. Tobin sold 3,064 shares of the business’s stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $150.07, for a total value of $459,814.48. Following the sale, the president now directly owns 15,261 shares in the company, valued at approximately $2,290,218.27. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 12,382 shares of company stock valued at $1,843,145. 0.50% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Texas Roadhouse

Institutional investors and hedge funds have recently bought and sold shares of the stock. Red Spruce Capital LLC raised its holdings in Texas Roadhouse by 0.5% in the 4th quarter. Red Spruce Capital LLC now owns 22,359 shares of the restaurant operator’s stock valued at $2,733,000 after acquiring an additional 110 shares during the last quarter. Avior Wealth Management LLC increased its holdings in shares of Texas Roadhouse by 3.2% during the 4th quarter. Avior Wealth Management LLC now owns 3,579 shares of the restaurant operator’s stock worth $437,000 after buying an additional 111 shares during the last quarter. Fifth Third Bancorp increased its holdings in shares of Texas Roadhouse by 35.8% during the 3rd quarter. Fifth Third Bancorp now owns 474 shares of the restaurant operator’s stock worth $46,000 after buying an additional 125 shares during the last quarter. Prospector Partners LLC increased its holdings in shares of Texas Roadhouse by 0.4% during the 3rd quarter. Prospector Partners LLC now owns 34,575 shares of the restaurant operator’s stock worth $3,323,000 after buying an additional 150 shares during the last quarter. Finally, Treasurer of the State of North Carolina increased its holdings in shares of Texas Roadhouse by 0.5% during the 3rd quarter. Treasurer of the State of North Carolina now owns 29,360 shares of the restaurant operator’s stock worth $2,821,000 after buying an additional 150 shares during the last quarter. Hedge funds and other institutional investors own 94.82% of the company’s stock.

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.