Texas Roadhouse, Inc. (NASDAQ:TXRH) Receives $194.62 Average Target Price from Brokerages

Texas Roadhouse, Inc. (NASDAQ:TXRH - Get Free Report) has received a consensus recommendation of "Moderate Buy" from the twenty-one analysts that are currently covering the firm, Marketbeat.com reports. Ten equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $192.29.

TXRH has been the topic of a number of research reports. JPMorgan Chase & Co. dropped their target price on shares of Texas Roadhouse from $185.00 to $184.00 and set a "neutral" rating on the stock in a report on Thursday, March 20th. Gordon Haskett downgraded Texas Roadhouse from a "buy" rating to a "hold" rating and set a $192.00 target price for the company. in a research note on Wednesday, January 8th. Robert W. Baird set a $180.00 price target on Texas Roadhouse and gave the stock an "outperform" rating in a research report on Monday, April 7th. Morgan Stanley upgraded Texas Roadhouse from an "equal weight" rating to an "overweight" rating and boosted their price objective for the company from $205.00 to $213.00 in a research report on Tuesday, January 21st. Finally, Wells Fargo & Company dropped their target price on Texas Roadhouse from $175.00 to $170.00 and set an "equal weight" rating on the stock in a research report on Tuesday, April 22nd.

Insider Activity at Texas Roadhouse

In other Texas Roadhouse news, Director Gregory N. Moore sold 2,700 shares of the business's stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $168.26, for a total transaction of $454,302.00. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Curtis Warfield sold 3,281 shares of the firm's stock in a transaction dated Tuesday, March 4th. The stock was sold at an average price of $183.67, for a total transaction of $602,621.27. Following the completion of the transaction, the director now owns 6,801 shares of the company's stock, valued at approximately $1,249,139.67. The trade was a 32.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 16,535 shares of company stock valued at $2,952,507 over the last ninety days. Insiders own 0.50% of the company's stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Cornerstone Investment Partners LLC grew its stake in Texas Roadhouse by 2.7% during the 4th quarter. Cornerstone Investment Partners LLC now owns 2,159 shares of the restaurant operator's stock valued at $390,000 after acquiring an additional 56 shares in the last quarter. Lifestyle Asset Management Inc. grew its position in Texas Roadhouse by 3.9% during the fourth quarter. Lifestyle Asset Management Inc. now owns 1,603 shares of the restaurant operator's stock valued at $289,000 after purchasing an additional 60 shares in the last quarter. MassMutual Private Wealth & Trust FSB increased its stake in Texas Roadhouse by 32.2% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 267 shares of the restaurant operator's stock valued at $48,000 after buying an additional 65 shares during the period. Optas LLC increased its stake in Texas Roadhouse by 1.3% in the 1st quarter. Optas LLC now owns 5,217 shares of the restaurant operator's stock valued at $869,000 after buying an additional 65 shares during the period. Finally, Oregon Public Employees Retirement Fund grew its holdings in shares of Texas Roadhouse by 0.5% during the 1st quarter. Oregon Public Employees Retirement Fund now owns 13,627 shares of the restaurant operator's stock valued at $2,271,000 after acquiring an additional 66 shares in the last quarter. Hedge funds and other institutional investors own 94.82% of the company's stock.

Texas Roadhouse Stock Performance

Shares of Texas Roadhouse stock traded up $5.02 during trading on Wednesday, reaching $166.66. The company had a trading volume of 1,863,973 shares, compared to its average volume of 884,280. The company has a market cap of $11.07 billion, a price-to-earnings ratio of 25.76, a price-to-earnings-growth ratio of 1.23 and a beta of 0.88. Texas Roadhouse has a fifty-two week low of $148.73 and a fifty-two week high of $206.04. The firm's fifty day moving average is $169.35 and its 200-day moving average is $180.03.

Texas Roadhouse (NASDAQ:TXRH - Get Free Report) last announced its quarterly earnings data on Thursday, February 20th. The restaurant operator reported $1.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.66 by $0.07. Texas Roadhouse had a return on equity of 34.02% and a net margin of 8.07%. The firm had revenue of $1.44 billion for the quarter, compared to analysts' expectations of $1.41 billion. On average, research analysts anticipate that Texas Roadhouse will post 7.23 EPS for the current fiscal year.

Texas Roadhouse Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Tuesday, March 18th were paid a $0.68 dividend. The ex-dividend date was Tuesday, March 18th. This represents a $2.72 annualized dividend and a dividend yield of 1.63%. This is a boost from Texas Roadhouse's previous quarterly dividend of $0.61. Texas Roadhouse's payout ratio is currently 42.04%.

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.