Texas Roadhouse, Inc. (NASDAQ:TXRH) Stock Has Consensus Target Price of $206.77

Key Points

• Analyst sentiment is moderately bullish: Twenty-five analysts give Texas Roadhouse a consensus “Moderate Buy” rating, with an average 12-month price target of $206.77.
• The company recently exceeded quarterly expectations, reporting $1.85 in EPS and $1.68 billion in revenue, while revenue increased 11.1% year over year.
• Texas Roadhouse pays a quarterly dividend of $0.75 per share, equivalent to an annualized $3.00 dividend and a 1.8% yield; institutional investors own 94.82% of the stock.

Shares of Texas Roadhouse, Inc. (NASDAQ:TXRH - Get Free Report) have been assigned an average recommendation of "Moderate Buy" from the twenty-five analysts that are covering the company, Marketbeat reports. One analyst has rated the stock with a sell recommendation, nine have issued a hold recommendation, thirteen have assigned a buy recommendation and two have given a strong buy recommendation to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $206.77.

TXRH has been the subject of several research reports. Jefferies Financial Group raised Texas Roadhouse from a "hold" rating to a "buy" rating and increased their price objective for the company from $186.00 to $190.00 in a report on Wednesday, October 14th. Morgan Stanley boosted their price target on shares of Texas Roadhouse from $212.00 to $221.00 and gave the company an "overweight" rating in a research report on Thursday, October 15th. UBS Group upped their price objective on shares of Texas Roadhouse from $210.00 to $235.00 and gave the stock a "buy" rating in a research report on Monday, August 3rd. Barclays lowered Texas Roadhouse from an "equal weight" rating to a "cautious" rating in a research note on Wednesday, October 14th. Finally, Seaport Research Partners started coverage on shares of Texas Roadhouse in a report on Wednesday, September 16th. They set a "buy" rating and a $195.00 target price on the stock.

Texas Roadhouse Stock Performance

Shares of TXRH opened at $165.66 on Friday. The company has a current ratio of 0.46, a quick ratio of 0.39 and a debt-to-equity ratio of 0.03. The company has a market capitalization of $10.87 billion, a price-to-earnings ratio of 26.51, a PEG ratio of 1.67 and a beta of 0.80. The stock has a 50 day moving average of $176.77 and a 200 day moving average of $179.55. Texas Roadhouse has a 12 month low of $153.82 and a 12 month high of $216.30.

Texas Roadhouse (NASDAQ:TXRH - Get Free Report) last posted its quarterly earnings data on Thursday, August 6th. The restaurant operator reported $1.85 earnings per share for the quarter, topping the consensus estimate of $1.83 by $0.02. The business had revenue of $1.68 billion for the quarter, compared to analysts' expectations of $1.67 billion. Texas Roadhouse had a return on equity of 27.20% and a net margin of 6.63%. The business's revenue was up 11.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.86 earnings per share. As a group, sell-side analysts forecast that Texas Roadhouse will post 6.48 earnings per share for the current year.

Texas Roadhouse Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 29th. Stockholders of record on Tuesday, September 1st were paid a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date of this dividend was Tuesday, September 1st. Texas Roadhouse's dividend payout ratio is 48.00%.

Insider Buying and Selling

In related news, Director Gregory Moore sold 3,000 shares of Texas Roadhouse stock in a transaction on Tuesday, August 11th. The shares were sold at an average price of $208.32, for a total value of $624,960.00. Following the transaction, the director directly owned 26,900 shares of the company's stock, valued at $5,603,808. The trade was a 10.03% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Hugh Carroll sold 650 shares of the company's stock in a transaction on Tuesday, August 25th. The shares were sold at an average price of $203.99, for a total transaction of $132,593.50. Following the sale, the director owned 2,883 shares of the company's stock, valued at $588,103.17. This represents a 18.40% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 19,970 shares of company stock valued at $4,061,808 over the last quarter. Company insiders own 0.50% of the company's stock.

Institutional Trading of Texas Roadhouse

A number of institutional investors have recently modified their holdings of the company. BlackRock Inc. purchased a new position in Texas Roadhouse in the 2nd quarter worth approximately $1,273,173,000. Bank of America Corp DE bought a new position in Texas Roadhouse in the 2nd quarter worth approximately $113,993,000. Park Presidio Capital LLC purchased a new stake in Texas Roadhouse during the 2nd quarter valued at approximately $102,977,000. Bank of New York Mellon Corp purchased a new stake in Texas Roadhouse during the 2nd quarter valued at approximately $95,158,000. Finally, Bamco Inc. NY bought a new stake in shares of Texas Roadhouse during the second quarter valued at approximately $60,148,000. 94.82% of the stock is currently owned by hedge funds and other institutional investors.

Texas Roadhouse Company Profile

Texas Roadhouse, Inc NASDAQ: TXRH operates full-service casual dining restaurants under the Texas Roadhouse, Bubba's 33 and Jaggers brands. Its restaurants serve made-from-scratch meals centered on hand-cut steaks, ribs, chicken, seafood, burgers and other American-style dishes, along with freshly baked rolls and a selection of beverages.

Founded in 1993, Texas Roadhouse began with its first restaurant in Clarksville, Indiana. The company's restaurant network includes company-owned and franchised locations across the United States, as well as international locations.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.