Texas Roadhouse, Inc. (NASDAQ:TXRH) Given Consensus Recommendation of "Moderate Buy" by Analysts

Key Points

• Analysts give Texas Roadhouse a “Moderate Buy” consensus: Of 23 analysts, 10 recommend buying, 12 rate it a hold, and one gives a strong-buy rating. The average 12-month price target is $209.40.
• Texas Roadhouse exceeded quarterly expectations, reporting $1.85 in EPS versus the $1.83 consensus and $1.68 billion in revenue, up 11.1% year over year. Shares recently opened at $189.55.
• The company declared a quarterly dividend of $0.75 per share, equivalent to $3.00 annually and a 1.6% yield. Insiders sold 20,396 shares worth approximately $4.14 million during the last quarter.

Texas Roadhouse, Inc. (NASDAQ:TXRH - Get Free Report) has received a consensus recommendation of "Moderate Buy" from the twenty-three analysts that are presently covering the firm, MarketBeat.com reports. Twelve equities research analysts have rated the stock with a hold recommendation, ten have given a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $209.40.

TXRH has been the subject of several recent analyst reports. Robert W. Baird raised Texas Roadhouse to a "strong-buy" rating in a research report on Monday, August 24th. Barclays dropped their price target on Texas Roadhouse from $188.00 to $175.00 and set an "equal weight" rating on the stock in a research report on Friday, May 8th. Citigroup increased their price objective on Texas Roadhouse from $193.00 to $209.00 and gave the stock a "neutral" rating in a research note on Friday, August 7th. BTIG Research raised their price objective on Texas Roadhouse from $200.00 to $220.00 and gave the stock a "buy" rating in a research report on Friday, August 7th. Finally, Benchmark reaffirmed a "hold" rating on shares of Texas Roadhouse in a research note on Monday, August 10th.

Insider Transactions at Texas Roadhouse

In other news, insider Lloyd Marshall sold 500 shares of the business's stock in a transaction on Wednesday, August 26th. The shares were sold at an average price of $204.65, for a total transaction of $102,325.00. Following the transaction, the insider directly owned 9,826 shares in the company, valued at $2,010,890.90. The trade was a 4.84% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Hugh J. Carroll sold 650 shares of the company's stock in a transaction on Tuesday, August 25th. The stock was sold at an average price of $203.99, for a total transaction of $132,593.50. Following the completion of the transaction, the director directly owned 2,883 shares in the company, valued at $588,103.17. This trade represents a 18.40% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 20,396 shares of company stock worth $4,143,825. 0.50% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of TXRH. Elyxium Wealth LLC purchased a new stake in shares of Texas Roadhouse during the 4th quarter worth about $25,000. Basecamp Wealth Advisors LLC grew its stake in shares of Texas Roadhouse by 5,033.3% in the 1st quarter. Basecamp Wealth Advisors LLC now owns 154 shares of the restaurant operator's stock valued at $25,000 after buying an additional 151 shares in the last quarter. Silvant Capital Management LLC bought a new stake in shares of Texas Roadhouse in the 2nd quarter valued at approximately $32,000. Coppell Advisory Solutions LLC acquired a new position in Texas Roadhouse in the second quarter worth approximately $38,000. Finally, Measured Wealth Private Client Group LLC bought a new position in shares of Texas Roadhouse during the 3rd quarter valued at $33,000. Hedge funds and other institutional investors own 94.82% of the company's stock.

Texas Roadhouse Stock Up 0.3%

Shares of NASDAQ:TXRH opened at $189.55 on Friday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.39 and a current ratio of 0.46. The company has a market cap of $12.44 billion, a PE ratio of 30.33, a price-to-earnings-growth ratio of 1.86 and a beta of 0.78. Texas Roadhouse has a 52 week low of $153.82 and a 52 week high of $216.30. The firm has a 50 day simple moving average of $198.65 and a 200 day simple moving average of $181.04.

Texas Roadhouse (NASDAQ:TXRH - Get Free Report) last posted its quarterly earnings data on Thursday, August 6th. The restaurant operator reported $1.85 EPS for the quarter, topping analysts' consensus estimates of $1.83 by $0.02. Texas Roadhouse had a net margin of 6.63% and a return on equity of 27.20%. The firm had revenue of $1.68 billion during the quarter, compared to analyst estimates of $1.67 billion. During the same quarter last year, the business posted $1.86 EPS. The company's revenue was up 11.1% on a year-over-year basis. As a group, research analysts expect that Texas Roadhouse will post 6.64 earnings per share for the current year.

Texas Roadhouse Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 29th. Investors of record on Tuesday, September 1st will be given a dividend of $0.75 per share. The ex-dividend date of this dividend is Tuesday, September 1st. This represents a $3.00 dividend on an annualized basis and a yield of 1.6%. Texas Roadhouse's payout ratio is presently 48.00%.

Texas Roadhouse Company Profile

Texas Roadhouse, Inc is a casual dining restaurant chain specializing in hand‐cut steaks, fall‐off‐the‐bone ribs, chicken, seafood and house specialties. Each restaurant features a Western‐themed décor, open kitchens and a signature line dance presentation of fresh, made‐from‐scratch sides and breads. The company emphasizes an energetic dining experience, focusing on hospitality, value and a family‐friendly environment.

The concept was created in 1993 by founder Kent Taylor, who sought to combine high‐quality steaks with an approachable, community‐oriented atmosphere.

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