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

Key Points

• Texas Roadhouse, Inc. has received an average rating of "Moderate Buy" from 22 brokerages, with 11 hold ratings, 10 buy ratings, and 1 strong buy rating, and an average 12-month target price of $197.35.
• Recent insider sales include CTO Hernan E. Mujica selling 2,189 shares and President Regina A. Tobin selling 3,153 shares, resulting in a total insider sale of 8,342 shares worth approximately $1.44 million over the last ninety days.
• Texas Roadhouse also declared a quarterly dividend of $0.68 to be paid on September 30th, with a dividend yield of 1.7% and a payout ratio of 41.53%.

Texas Roadhouse, Inc. (NASDAQ:TXRH - Get Free Report) has received an average rating of "Moderate Buy" from the twenty-two brokerages that are presently covering the company, Marketbeat Ratings reports. Eleven analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating on the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $197.35.

A number of research analysts recently commented on the company. Guggenheim restated a "buy" rating and issued a $210.00 price target on shares of Texas Roadhouse in a research report on Tuesday. Barclays raised their target price on shares of Texas Roadhouse from $175.00 to $189.00 and gave the company an "equal weight" rating in a report on Thursday, July 17th. Bank of America boosted their target price on shares of Texas Roadhouse from $203.00 to $219.00 and gave the company a "buy" rating in a research report on Friday, July 18th. Melius Research upgraded shares of Texas Roadhouse to a "strong-buy" rating in a research report on Monday, July 14th. Finally, UBS Group lifted their price objective on shares of Texas Roadhouse from $200.00 to $220.00 and gave the company a "buy" rating in a research note on Friday, June 6th.

Insider Buying and Selling

In other news, CTO Hernan E. Mujica sold 2,189 shares of the stock in a transaction dated Thursday, August 21st. The shares were sold at an average price of $172.40, for a total value of $377,383.60. Following the completion of the transaction, the chief technology officer owned 17,553 shares of the company's stock, valued at approximately $3,026,137.20. This represents a 11.09% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, President Regina A. Tobin sold 3,153 shares of Texas Roadhouse stock in a transaction that occurred on Monday, August 18th. The shares were sold at an average price of $173.53, for a total transaction of $547,140.09. Following the sale, the president directly owned 15,261 shares in the company, valued at $2,648,241.33. This trade represents a 17.12% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 8,342 shares of company stock worth $1,443,704 in the last ninety days. 0.50% of the stock is owned by insiders.

Institutional Investors Weigh In On Texas Roadhouse

Hedge funds and other institutional investors have recently bought and sold shares of the company. Brooklyn Investment Group raised its position in Texas Roadhouse by 478.6% in the first quarter. Brooklyn Investment Group now owns 162 shares of the restaurant operator's stock valued at $27,000 after purchasing an additional 134 shares during the last quarter. Bogart Wealth LLC acquired a new position in shares of Texas Roadhouse in the first quarter valued at approximately $33,000. Ameritas Advisory Services LLC bought a new position in Texas Roadhouse in the 2nd quarter valued at approximately $53,000. WPG Advisers LLC acquired a new stake in Texas Roadhouse during the 1st quarter worth approximately $59,000. Finally, Farther Finance Advisors LLC boosted its position in Texas Roadhouse by 22.8% during the 2nd quarter. Farther Finance Advisors LLC now owns 312 shares of the restaurant operator's stock worth $59,000 after buying an additional 58 shares during the period. Institutional investors own 94.82% of the company's stock.

Texas Roadhouse Trading Down 1.0%

Shares of TXRH stock opened at $158.24 on Friday. The stock has a market cap of $10.52 billion, a P/E ratio of 24.16, a price-to-earnings-growth ratio of 2.18 and a beta of 0.84. Texas Roadhouse has a 1 year low of $148.73 and a 1 year high of $206.04. The stock has a 50 day simple moving average of $176.14 and a 200 day simple moving average of $177.88.

Texas Roadhouse (NASDAQ:TXRH - Get Free Report) last posted its quarterly earnings data on Thursday, August 7th. The restaurant operator reported $1.86 EPS for the quarter, missing analysts' consensus estimates of $1.95 by ($0.09). The company had revenue of $1.51 billion for the quarter, compared to the consensus estimate of $1.50 billion. Texas Roadhouse had a return on equity of 31.52% and a net margin of 7.72%.Texas Roadhouse's revenue was up 12.7% on a year-over-year basis. During the same quarter last year, the business earned $1.79 EPS. Analysts forecast that Texas Roadhouse will post 7.23 EPS for the current year.

Texas Roadhouse Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Tuesday, September 2nd will be paid a $0.68 dividend. The ex-dividend date is Tuesday, September 2nd. This represents a $2.72 annualized dividend and a dividend yield of 1.7%. Texas Roadhouse's dividend payout ratio (DPR) is presently 41.53%.

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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