Texas Roadhouse, Inc. (NASDAQ:TXRH) Receives Consensus Rating of "Moderate Buy" from Analysts

Shares of Texas Roadhouse, Inc. (NASDAQ:TXRH - Get Free Report) have been given a consensus rating of "Moderate Buy" by the twenty-one brokerages that are presently covering the company, MarketBeat.com reports. Ten investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $191.62.

Several equities analysts recently commented on TXRH shares. Wells Fargo & Company cut their price target on shares of Texas Roadhouse from $175.00 to $170.00 and set an "equal weight" rating on the stock in a report on Tuesday, April 22nd. Citigroup downgraded shares of Texas Roadhouse from a "buy" rating to a "neutral" rating and cut their price target for the company from $213.00 to $164.00 in a report on Wednesday, April 23rd. Stifel Nicolaus cut their price target on shares of Texas Roadhouse from $172.00 to $170.00 and set a "hold" rating on the stock in a report on Tuesday, April 15th. JPMorgan Chase & Co. cut their price target 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. Finally, Guggenheim dropped 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.

Texas Roadhouse Price Performance

Shares of NASDAQ TXRH traded up $1.26 during mid-day trading on Friday, hitting $189.99. 662,543 shares of the company's stock traded hands, compared to its average volume of 910,050. The company's 50-day moving average is $170.76 and its two-hundred day moving average is $179.57. The company has a market capitalization of $12.60 billion, a P/E ratio of 29.36, a PEG ratio of 1.23 and a beta of 0.87. Texas Roadhouse has a 1 year low of $148.73 and a 1 year high of $206.04.

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

Texas Roadhouse Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 1st. Stockholders of record on Tuesday, June 3rd will be paid a dividend of $0.68 per share. The ex-dividend date is Tuesday, June 3rd. This represents a $2.72 dividend on an annualized basis and a dividend yield of 1.43%. Texas Roadhouse's dividend payout ratio is presently 41.98%.

Insider Activity

In other news, President Regina A. Tobin sold 3,154 shares of the stock in a transaction that occurred on Wednesday, March 5th. The shares were sold at an average price of $185.64, for a total transaction of $585,508.56. Following the transaction, the president now directly owns 18,414 shares in the company, valued at approximately $3,418,374.96. This trade represents a 14.62% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CTO Hernan E. Mujica sold 2,050 shares of the stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $170.66, for a total transaction of $349,853.00. Following the transaction, the chief technology officer now owns 17,162 shares in the company, valued at approximately $2,928,866.92. This represents a 10.67% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 18,335 shares of company stock worth $3,289,343. Corporate insiders own 0.50% of the company's stock.

Hedge Funds Weigh In On Texas Roadhouse

Hedge funds and other institutional investors have recently modified their holdings of the business. Barclays PLC boosted its stake in Texas Roadhouse by 14.4% in the third quarter. Barclays PLC now owns 1,180,842 shares of the restaurant operator's stock valued at $208,539,000 after acquiring an additional 148,462 shares in the last quarter. Assenagon Asset Management S.A. acquired a new stake in Texas Roadhouse in the fourth quarter valued at approximately $12,939,000. Park Avenue Securities LLC boosted its stake in Texas Roadhouse by 31.1% in the fourth quarter. Park Avenue Securities LLC now owns 5,247 shares of the restaurant operator's stock valued at $947,000 after acquiring an additional 1,246 shares in the last quarter. Merit Financial Group LLC acquired a new stake in Texas Roadhouse in the fourth quarter valued at approximately $382,000. Finally, UMB Bank n.a. boosted 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 in the last quarter. 94.82% of the stock is currently owned by institutional investors.

About Texas Roadhouse

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.