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

Key Points

• "Moderate Buy" consensus from 26 analysts (13 hold, 12 buy, 1 strong buy) with an average 12‑month price target of $196.55.
• Texas Roadhouse missed the latest quarter's estimates—EPS $1.28 vs. $1.53 expected and revenue $1.48B vs. $1.50B—though revenue was up 3.1% year‑over‑year, and the company raised its quarterly dividend to $0.75 ($3.00 annualized, ~1.8% yield).
• Insiders have sold shares recently (17,550 shares worth about $3.2M in the past three months) while institutional investors own roughly 94.8% of the stock; TXRH trades near $170 with a market cap of $11.26B and a 52‑week range of $148.73–$199.99.

Texas Roadhouse, Inc. (NASDAQ:TXRH - Get Free Report) has been given a consensus recommendation of "Moderate Buy" by the twenty-six research firms that are currently covering the company, MarketBeat reports. Thirteen investment analysts have rated the stock with a hold recommendation, twelve have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price target among analysts that have covered the stock in the last year is $196.5455.

TXRH has been the subject of several research reports. Truist Financial reduced their price objective on Texas Roadhouse from $188.00 to $186.00 and set a "hold" rating for the company in a research report on Friday, February 20th. Weiss Ratings reaffirmed a "buy (b-)" rating on shares of Texas Roadhouse in a research report on Monday, December 29th. Sanford C. Bernstein set a $185.00 target price on shares of Texas Roadhouse in a research note on Wednesday, January 7th. Wells Fargo & Company raised their price target on shares of Texas Roadhouse from $195.00 to $220.00 and gave the stock an "overweight" rating in a research report on Thursday, January 22nd. Finally, KeyCorp restated a "sector weight" rating on shares of Texas Roadhouse in a report on Friday, February 20th.

Texas Roadhouse Stock Performance

Texas Roadhouse stock opened at $170.24 on Friday. The business's 50-day simple moving average is $182.87 and its 200-day simple moving average is $173.56. The firm has a market capitalization of $11.26 billion, a PE ratio of 27.95, a PEG ratio of 1.84 and a beta of 0.86. Texas Roadhouse has a 52 week low of $148.73 and a 52 week high of $199.99.

Texas Roadhouse (NASDAQ:TXRH - Get Free Report) last announced its earnings results on Thursday, February 19th. The restaurant operator reported $1.28 earnings per share for the quarter, missing the consensus estimate of $1.53 by ($0.25). The business had revenue of $1.48 billion for the quarter, compared to the consensus estimate of $1.50 billion. Texas Roadhouse had a net margin of 6.90% and a return on equity of 27.88%. Texas Roadhouse's revenue for the quarter was up 3.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.73 EPS. Research analysts forecast that Texas Roadhouse will post 7.23 earnings per share for the current year.

Texas Roadhouse Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Tuesday, March 17th will be given a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a yield of 1.8%. This is a boost from Texas Roadhouse's previous quarterly dividend of $0.68. The ex-dividend date of this dividend is Tuesday, March 17th. Texas Roadhouse's dividend payout ratio (DPR) is 44.66%.

Insider Transactions at Texas Roadhouse

In other news, CTO Hernan E. Mujica sold 5,000 shares of the business's stock in a transaction that occurred on Friday, March 13th. The stock was sold at an average price of $170.00, for a total transaction of $850,000.00. Following the sale, the chief technology officer directly owned 15,552 shares in the company, valued at approximately $2,643,840. The trade was a 24.33% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Gerald L. Morgan sold 5,000 shares of the business's stock in a transaction that occurred on Tuesday, January 20th. The shares were sold at an average price of $196.00, for a total value of $980,000.00. Following the sale, the chief executive officer owned 91,774 shares in the company, valued at approximately $17,987,704. This represents a 5.17% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 17,550 shares of company stock valued at $3,203,936. 0.50% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Texas Roadhouse

A number of institutional investors have recently bought and sold shares of the business. Caldwell Trust Co acquired a new position in shares of Texas Roadhouse in the 2nd quarter valued at $28,000. Elyxium Wealth LLC acquired a new stake in shares of Texas Roadhouse during the 4th quarter valued at about $25,000. Princeton Global Asset Management LLC bought a new stake in Texas Roadhouse in the fourth quarter valued at about $31,000. Measured Wealth Private Client Group LLC bought a new stake in Texas Roadhouse in the third quarter valued at about $33,000. Finally, Garton & Associates Financial Advisors LLC acquired a new position in Texas Roadhouse in the fourth quarter worth about $34,000. Institutional investors and hedge funds own 94.82% of the company's stock.

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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