Texas Roadhouse, Inc. (NASDAQ:TXRH) Stock Has Consensus Target Price of $210.48 According to Analysts

Key Points

• Analysts rate Texas Roadhouse “Moderate Buy,” with 10 buy ratings, one strong-buy rating and 12 holds. The consensus 12-month price target is $210.48.
• Texas Roadhouse reported quarterly revenue of $1.68 billion, up 11.1% year over year, and EPS of $1.85, slightly exceeding analyst expectations.
• The company declared a quarterly dividend of $0.75, equivalent to $3.00 annually and a 1.9% yield. Institutional investors own 94.82% of the stock, while insiders sold more than 20,000 shares during the quarter.

Shares of Texas Roadhouse, Inc. (NASDAQ:TXRH - Get Free Report) have earned a consensus rating of "Moderate Buy" from the twenty-three analysts that are presently covering the company, Marketbeat.com reports. Twelve investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $210.48.

Several research firms recently issued reports on TXRH. Mizuho upped their price objective on shares of Texas Roadhouse from $190.00 to $230.00 and gave the stock an "outperform" rating in a report on Friday, July 31st. Morgan Stanley restated an "overweight" rating and set a $212.00 price target on shares of Texas Roadhouse in a report on Friday, August 7th. Weiss Ratings upgraded Texas Roadhouse from a "buy (b-)" rating to a "buy (b)" rating in a research note on Wednesday, September 9th. Stephens boosted their price objective on Texas Roadhouse from $180.00 to $205.00 and gave the stock an "equal weight" rating in a research report on Friday, August 7th. Finally, Piper Sandler increased their target price on Texas Roadhouse from $192.00 to $208.00 and gave the company a "neutral" rating in a research note on Monday, August 10th.

Insider Activity at Texas Roadhouse

In other news, CEO Gerald L. Morgan sold 15,000 shares of the firm's stock in a transaction on Friday, August 21st. The shares were sold at an average price of $202.17, for a total value of $3,032,550.00. Following the sale, the chief executive officer owned 80,970 shares in the company, valued at approximately $16,369,704.90. This trade represents a 15.63% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Hugh J. Carroll sold 650 shares of the business'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 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 position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 20,396 shares of company stock valued at $4,143,825. 0.50% of the stock is owned by corporate insiders.

Institutional Trading of Texas Roadhouse

Several hedge funds and other institutional investors have recently bought and sold shares of TXRH. Ranger Investment Management L.P. bought a new stake in shares of Texas Roadhouse in the second quarter valued at about $21,560,000. The Manufacturers Life Insurance Company acquired a new stake in Texas Roadhouse during the second quarter worth about $9,473,000. J. Goldman & Co LP acquired a new stake in Texas Roadhouse during the second quarter worth about $10,434,000. Bamco Inc. NY bought a new position in Texas Roadhouse during the second quarter valued at about $60,148,000. Finally, Callan Family Office LLC bought a new position in Texas Roadhouse during the second quarter valued at about $1,449,000. 94.82% of the stock is currently owned by institutional investors and hedge funds.

Texas Roadhouse Stock Down 0.8%

TXRH opened at $157.21 on Wednesday. The business has a 50 day moving average price of $191.61 and a 200 day moving average price of $180.03. Texas Roadhouse has a twelve month low of $153.82 and a twelve month high of $216.30. 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 firm has a market cap of $10.32 billion, a P/E ratio of 25.15, a price-to-earnings-growth ratio of 1.57 and a beta of 0.78.

Texas Roadhouse (NASDAQ:TXRH - Get Free Report) last announced its quarterly earnings results on Thursday, August 6th. The restaurant operator reported $1.85 EPS for the quarter, beating the consensus estimate of $1.83 by $0.02. Texas Roadhouse had a return on equity of 27.20% and a net margin of 6.63%.The company had revenue of $1.68 billion for the quarter, compared to the consensus estimate of $1.67 billion. During the same quarter last year, the company posted $1.86 earnings per share. The company's revenue for the quarter was up 11.1% compared to the same quarter last year. Research analysts forecast that Texas Roadhouse will post 6.62 EPS for the current year.

Texas Roadhouse Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 29th. Shareholders of record on Tuesday, September 1st were given a $0.75 dividend. This represents a $3.00 annualized dividend and a yield of 1.9%. The ex-dividend date of this dividend was Tuesday, September 1st. Texas Roadhouse's payout ratio is currently 48.00%.

About Texas Roadhouse

Texas Roadhouse, Inc is a casual dining restaurant company that operates and franchises restaurants under the Texas Roadhouse, Bubba's 33 and Jaggers brands. Its restaurants are known for hand-cut steaks, made-from-scratch sides, fresh-baked bread and a lively, Western-themed atmosphere.

Founded in 1993 and headquartered in Louisville, Kentucky, Texas Roadhouse has grown into an international restaurant operator with locations across the United States and in select foreign markets. The company's business includes company-operated restaurants, franchised and licensed locations, and related support activities.

Texas Roadhouse primarily serves full-service casual dining customers, while Bubba's 33 focuses on burgers, pizza and other American favorites in a sports-oriented setting.

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