Texas Roadhouse, Inc. (NASDAQ:TXRH) Given Consensus Recommendation of "Hold" by Brokerages

Key Points

• Texas Roadhouse has a consensus analyst rating of Hold from 25 brokerages, with an average 1-year price target of about $196.36.
• The company recently reported Q1 earnings of $1.87 per share, topping estimates, while revenue came in slightly below expectations at $1.63 billion; revenue still rose 10.5% year over year.
• Texas Roadhouse also announced a quarterly dividend of $0.75 per share, equivalent to a 1.7% yield, while insiders have sold shares recently and institutional investors continue to own the vast majority of the stock.

Shares of Texas Roadhouse, Inc. (NASDAQ:TXRH - Get Free Report) have been assigned an average recommendation of "Hold" from the twenty-five research firms that are presently covering the stock, MarketBeat.com reports. Fourteen 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 brokerages that have updated their coverage on the stock in the last year is $196.3636.

Several brokerages have recently issued reports on TXRH. Morgan Stanley restated an "overweight" rating and issued a $201.00 price objective on shares of Texas Roadhouse in a research note on Friday, May 8th. The Goldman Sachs Group raised their price objective on shares of Texas Roadhouse from $175.00 to $200.00 and gave the stock a "neutral" rating in a research note on Wednesday, January 28th. BMO Capital Markets raised their price objective on shares of Texas Roadhouse from $165.00 to $180.00 and gave the stock a "market perform" rating in a research note on Thursday, May 21st. Stephens raised their price objective on shares of Texas Roadhouse from $168.00 to $180.00 and gave the stock an "equal weight" rating in a research note on Friday, February 20th. Finally, Guggenheim restated a "buy" rating and issued a $210.00 price objective on shares of Texas Roadhouse in a research note on Monday, May 18th.

Insiders Place Their Bets

In other news, Director Gregory N. Moore sold 1,250 shares of the firm's stock in a transaction on Monday, May 11th. The shares were sold at an average price of $178.14, for a total value of $222,675.00. Following the sale, the director owned 30,900 shares in the company, valued at approximately $5,504,526. This trade represents a 3.89% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Lloyd Paul Marshall sold 1,000 shares of the firm's stock in a transaction on Thursday, May 14th. The stock was sold at an average price of $178.34, for a total transaction of $178,340.00. Following the completion of the sale, the insider owned 10,326 shares in the company, valued at approximately $1,841,538.84. The trade was a 8.83% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 18,217 shares of company stock valued at $3,162,560 in the last 90 days. 0.50% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Texas Roadhouse

Institutional investors have recently bought and sold shares of the business. Elyxium Wealth LLC acquired a new stake in Texas Roadhouse during the fourth quarter worth $25,000. Princeton Global Asset Management LLC acquired a new stake in Texas Roadhouse during the fourth quarter worth $31,000. Measured Wealth Private Client Group LLC acquired a new stake in Texas Roadhouse during the third quarter worth $33,000. Garton & Associates Financial Advisors LLC acquired a new stake in Texas Roadhouse during the fourth quarter worth $34,000. Finally, TD Private Client Wealth LLC boosted its stake in Texas Roadhouse by 137.5% during the fourth quarter. TD Private Client Wealth LLC now owns 266 shares of the restaurant operator's stock worth $44,000 after buying an additional 154 shares in the last quarter. Institutional investors and hedge funds own 94.82% of the company's stock.

Texas Roadhouse Trading Down 0.4%

Shares of TXRH stock opened at $181.49 on Thursday. Texas Roadhouse has a 12 month low of $153.82 and a 12 month high of $199.71. The company has a market cap of $11.93 billion, a PE ratio of 28.99, a price-to-earnings-growth ratio of 2.00 and a beta of 0.77. The business's 50 day moving average is $167.64 and its two-hundred day moving average is $173.49. The company has a quick ratio of 0.40, a current ratio of 0.46 and a debt-to-equity ratio of 0.03.

Texas Roadhouse (NASDAQ:TXRH - Get Free Report) last posted its quarterly earnings data on Thursday, May 7th. The restaurant operator reported $1.87 earnings per share for the quarter, beating the consensus estimate of $1.80 by $0.07. The company had revenue of $1.63 billion during the quarter, compared to analysts' expectations of $1.64 billion. Texas Roadhouse had a return on equity of 27.86% and a net margin of 6.85%.Texas Roadhouse's revenue for the quarter was up 10.5% compared to the same quarter last year. During the same period in the prior year, the business earned $1.70 earnings per share. Equities analysts predict that Texas Roadhouse will post 6.39 EPS for the current year.

Texas Roadhouse Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 2nd will be paid a $0.75 dividend. The ex-dividend date is Tuesday, June 2nd. This represents a $3.00 annualized dividend and a dividend yield of 1.7%. Texas Roadhouse's dividend payout ratio (DPR) is presently 47.92%.

About Texas Roadhouse

Texas Roadhouse, Inc is a casual dining restaurant chain specializing in hand‐cut steaks, fall‐off‐the‐bone ribs, chicken, seafood and house specialties. Each restaurant features a Western‐themed décor, open kitchens and a signature line dance presentation of fresh, made‐from‐scratch sides and breads. The company emphasizes an energetic dining experience, focusing on hospitality, value and a family‐friendly environment.

The concept was created in 1993 by founder Kent Taylor, who sought to combine high‐quality steaks with an approachable, community‐oriented atmosphere.

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