Texas Roadhouse, Inc. (NASDAQ:TXRH) Receives $190.09 Average Target Price from Analysts

Shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) have received an average rating of “Hold” from the twenty-four research firms that are presently covering the company, MarketBeat Ratings reports. Thirteen investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $190.09.

TXRH has been the topic of a number of recent research reports. Bank of America raised their price objective on Texas Roadhouse from $206.00 to $234.00 and gave the company a “buy” rating in a research report on Tuesday, October 22nd. Robert W. Baird lifted their price objective on shares of Texas Roadhouse from $190.00 to $205.00 and gave the stock an “outperform” rating in a research report on Friday, October 25th. Morgan Stanley increased their target price on shares of Texas Roadhouse from $200.00 to $205.00 and gave the company an “equal weight” rating in a research report on Friday, October 25th. Wedbush reaffirmed an “outperform” rating and issued a $200.00 price target on shares of Texas Roadhouse in a report on Thursday, December 19th. Finally, The Goldman Sachs Group assumed coverage on Texas Roadhouse in a report on Thursday, December 5th. They set a “neutral” rating and a $213.00 price objective for the company.

Texas Roadhouse Stock Performance

NASDAQ:TXRH opened at $182.58 on Thursday. The firm has a 50-day simple moving average of $191.57 and a 200-day simple moving average of $177.60. Texas Roadhouse has a one year low of $115.48 and a one year high of $206.04. The firm has a market cap of $12.18 billion, a P/E ratio of 31.37, a P/E/G ratio of 1.59 and a beta of 0.98.

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

Texas Roadhouse Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Tuesday, December 10th will be given a dividend of $0.61 per share. This represents a $2.44 annualized dividend and a yield of 1.34%. The ex-dividend date is Tuesday, December 10th. Texas Roadhouse’s dividend payout ratio is currently 41.92%.

Insiders Place Their Bets

In other Texas Roadhouse news, Director Donna E. Epps sold 610 shares of the company’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $195.66, for a total value of $119,352.60. Following the completion of the transaction, the director now owns 3,532 shares in the company, valued at approximately $691,071.12. This represents a 14.73 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CTO Hernan E. Mujica sold 1,500 shares of the firm’s stock in a transaction dated Thursday, November 14th. The shares were sold at an average price of $202.26, for a total value of $303,390.00. Following the sale, the chief technology officer now owns 16,342 shares in the company, 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. Insiders own 0.50% of the company’s stock.

Institutional Trading of Texas Roadhouse

Several institutional investors have recently bought and sold shares of the business. Hollencrest Capital Management acquired a new position in shares of Texas Roadhouse during the 2nd quarter worth approximately $25,000. McClarren Financial Advisors Inc. lifted its holdings in Texas Roadhouse by 4,175.0% during the second quarter. McClarren Financial Advisors Inc. now owns 171 shares of the restaurant operator’s stock valued at $29,000 after purchasing an additional 167 shares in the last quarter. True Wealth Design LLC acquired a new stake in shares of Texas Roadhouse in the third quarter valued at about $30,000. PSI Advisors LLC increased its stake in shares of Texas Roadhouse by 70.8% during the third quarter. PSI Advisors LLC now owns 181 shares of the restaurant operator’s stock worth $32,000 after purchasing an additional 75 shares in the last quarter. Finally, UMB Bank n.a. raised its position in shares of Texas Roadhouse by 118.6% during the 3rd quarter. UMB Bank n.a. now owns 258 shares of the restaurant operator’s stock worth $46,000 after purchasing an additional 140 shares during the last quarter. 94.82% of the stock is owned by institutional investors and hedge funds.

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.