Texas Roadhouse, Inc. (NASDAQ:TXRH) Receives $191.71 Consensus PT from Analysts

Texas Roadhouse, Inc. (NASDAQ:TXRH - Get Free Report) has been given a consensus rating of "Moderate Buy" by the twenty-one analysts that are presently covering the company, MarketBeat Ratings reports. Ten research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $191.71.

Several equities research analysts have issued reports on the stock. Guggenheim lowered their target price on shares of Texas Roadhouse from $205.00 to $200.00 and set a "buy" rating on the stock in a research note on Thursday, February 27th. Robert W. Baird set a $180.00 price objective on shares of Texas Roadhouse and gave the company an "outperform" rating in a research note on Monday, April 7th. Truist Financial decreased their target price on shares of Texas Roadhouse from $209.00 to $205.00 and set a "buy" rating on the stock in a research note on Friday, February 21st. Stifel Nicolaus lowered their price target on shares of Texas Roadhouse from $172.00 to $170.00 and set a "hold" rating on the stock in a research report on Tuesday, April 15th. Finally, The Goldman Sachs Group increased their price objective on Texas Roadhouse from $184.00 to $205.00 and gave the stock a "neutral" rating in a research report on Wednesday, June 4th.

Insider Buying and Selling at Texas Roadhouse

In other news, Director Gregory N. Moore sold 1,000 shares of the company's stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $187.62, for a total value of $187,620.00. Following the completion of the sale, the director now directly owns 38,050 shares of the company's stock, valued at approximately $7,138,941. This represents a 2.56% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Donna E. Epps sold 800 shares of the firm's stock in a transaction dated Friday, May 23rd. The stock was sold at an average price of $186.52, for a total value of $149,216.00. Following the transaction, the director now directly owns 4,632 shares in the company, valued at approximately $863,960.64. This represents a 14.73% decrease in their position. The disclosure for this sale can be found here. 0.50% of the stock is owned by company insiders.

Institutional Trading of Texas Roadhouse

A number of hedge funds have recently added to or reduced their stakes in the stock. First Hawaiian Bank increased its holdings in shares of Texas Roadhouse by 101.0% in the first quarter. First Hawaiian Bank now owns 17,309 shares of the restaurant operator's stock valued at $2,884,000 after purchasing an additional 8,698 shares during the period. Strs Ohio purchased a new position in Texas Roadhouse in the 1st quarter valued at $4,732,000. WBI Investments LLC purchased a new position in Texas Roadhouse in the 1st quarter valued at $247,000. Geneos Wealth Management Inc. raised its position in Texas Roadhouse by 36.0% during the 1st quarter. Geneos Wealth Management Inc. now owns 419 shares of the restaurant operator's stock worth $70,000 after buying an additional 111 shares during the last quarter. Finally, Focus Partners Wealth raised its position in Texas Roadhouse by 23.3% during the 1st quarter. Focus Partners Wealth now owns 6,124 shares of the restaurant operator's stock worth $1,020,000 after buying an additional 1,157 shares during the last quarter. 94.82% of the stock is owned by institutional investors and hedge funds.

Texas Roadhouse Stock Performance

Shares of TXRH traded down $1.20 during mid-day trading on Thursday, hitting $186.64. 793,320 shares of the company were exchanged, compared to its average volume of 915,747. The stock has a market cap of $12.38 billion, a price-to-earnings ratio of 28.85, a price-to-earnings-growth ratio of 1.23 and a beta of 0.89. Texas Roadhouse has a 1-year low of $148.73 and a 1-year high of $206.04. The company has a 50 day moving average of $177.24 and a 200-day moving average of $179.37.

Texas Roadhouse (NASDAQ:TXRH - Get Free Report) last issued its quarterly earnings results on Thursday, May 8th. The restaurant operator reported $1.70 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.75 by ($0.05). Texas Roadhouse had a return on equity of 34.02% and a net margin of 8.07%. The firm had revenue of $1.45 billion during the quarter, compared to analyst estimates of $1.44 billion. During the same period in the prior year, the firm earned $1.69 earnings per share. The business's revenue was up 11.8% on a year-over-year basis. Research analysts anticipate that Texas Roadhouse will post 7.23 earnings per share for the current fiscal year.

Texas Roadhouse Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 1st. Shareholders of record on Tuesday, June 3rd will be given a dividend of $0.68 per share. This represents a $2.72 annualized dividend and a yield of 1.46%. The ex-dividend date is Tuesday, June 3rd. Texas Roadhouse's dividend payout ratio (DPR) is 41.98%.

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.