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

Shares of Texas Roadhouse, Inc. (NASDAQ:TXRH - Get Free Report) have been given an average recommendation of "Moderate Buy" by the twenty-one analysts that are currently covering the stock, Marketbeat Ratings reports. Ten investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $191.62.

TXRH has been the topic of a number of recent analyst reports. Citigroup lowered shares of Texas Roadhouse from a "buy" rating to a "neutral" rating and reduced their price target for the company from $213.00 to $164.00 in a research report on Wednesday, April 23rd. Stifel Nicolaus cut their target price on shares of Texas Roadhouse from $172.00 to $170.00 and set a "hold" rating for the company in a research note on Tuesday, April 15th. Royal Bank of Canada reduced their target price on Texas Roadhouse from $200.00 to $180.00 and set a "sector perform" rating on the stock in a report on Friday, February 21st. UBS Group decreased their price target on Texas Roadhouse from $210.00 to $200.00 and set a "buy" rating on the stock in a research report on Monday, May 5th. Finally, Wells Fargo & Company dropped their price target on Texas Roadhouse from $175.00 to $170.00 and set an "equal weight" rating for the company in a report on Tuesday, April 22nd.

Insider Activity

In other news, insider Christopher C. Colson sold 580 shares of the company's stock in a transaction dated Friday, February 28th. The stock was sold at an average price of $181.94, for a total value of $105,525.20. Following the completion of the sale, the insider now directly owns 12,000 shares of the company's stock, valued at $2,183,280. This represents a 4.61% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Gregory N. Moore sold 2,700 shares of the stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $168.26, for a total transaction of $454,302.00. The disclosure for this sale can be found here. In the last quarter, insiders have sold 17,535 shares of company stock valued at $3,140,127. 0.50% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Barclays PLC boosted its position in shares of Texas Roadhouse by 14.4% during the third quarter. Barclays PLC now owns 1,180,842 shares of the restaurant operator's stock worth $208,539,000 after purchasing an additional 148,462 shares in the last quarter. Assenagon Asset Management S.A. acquired a new stake in Texas Roadhouse during the 4th quarter worth $12,939,000. Park Avenue Securities LLC lifted its holdings in Texas Roadhouse by 31.1% during the fourth quarter. Park Avenue Securities LLC now owns 5,247 shares of the restaurant operator's stock worth $947,000 after acquiring an additional 1,246 shares in the last quarter. Merit Financial Group LLC bought a new position in Texas Roadhouse during the fourth quarter worth about $382,000. Finally, UMB Bank n.a. grew its stake in Texas Roadhouse by 67.8% in the fourth quarter. UMB Bank n.a. now owns 433 shares of the restaurant operator's stock valued at $78,000 after acquiring an additional 175 shares during the period. Institutional investors and hedge funds own 94.82% of the company's stock.

Texas Roadhouse Price Performance

Shares of TXRH stock opened at $192.92 on Friday. The stock's fifty day simple moving average is $169.29 and its 200 day simple moving average is $179.45. Texas Roadhouse has a one year low of $148.73 and a one year high of $206.04. The firm has a market cap of $12.82 billion, a price-to-earnings ratio of 29.82, a P/E/G ratio of 1.23 and a beta of 0.87.

Texas Roadhouse (NASDAQ:TXRH - Get Free Report) last issued its quarterly earnings data 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 net margin of 8.07% and a return on equity of 34.02%. The company had revenue of $1.45 billion for the quarter, compared to the consensus estimate of $1.44 billion. During the same period in the previous year, the business posted $1.69 earnings per share. The firm's revenue was up 11.8% compared to the same quarter last year. On average, research analysts anticipate that Texas Roadhouse will post 7.23 earnings per share for the current year.

Texas Roadhouse Dividend Announcement

The firm also recently announced 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. The ex-dividend date of this dividend is Tuesday, June 3rd. This represents a $2.72 dividend on an annualized basis and a yield of 1.41%. Texas Roadhouse's payout ratio is presently 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.

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