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

Key Points

• Texas Roadhouse, Inc. (NASDAQ:TXRH) has received an average rating of "Moderate Buy" from 23 research firms, with a target price averaging $195.25 among analysts.
• Recent transactions by insiders include sales from Director Gregory N. Moore and CTO Hernan E. Mujica, resulting in notable decreases in their stock positions.
• Texas Roadhouse recently declared a quarterly dividend of $0.68 per share, representing a 1.6% yield with a payout ratio of 41.53%.

Shares of Texas Roadhouse, Inc. (NASDAQ:TXRH - Get Free Report) have been assigned an average recommendation of "Moderate Buy" from the twenty-three research firms that are currently covering the company, MarketBeat.com reports. Eleven investment analysts have rated the stock with a hold recommendation, eleven have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $195.25.

A number of brokerages have commented on TXRH. Melius Research upgraded Texas Roadhouse to a "strong-buy" rating in a research note on Monday, July 14th. Stephens set a $175.00 target price on Texas Roadhouse in a research note on Monday. Bank of America boosted their target price on Texas Roadhouse from $203.00 to $219.00 and gave the company a "buy" rating in a research note on Friday, July 18th. Guggenheim restated a "buy" rating and issued a $210.00 target price on shares of Texas Roadhouse in a research note on Tuesday, September 16th. Finally, Weiss Ratings restated a "buy (b)" rating on shares of Texas Roadhouse in a research note on Wednesday, October 8th.

Insider Transactions at Texas Roadhouse

In other news, Director Gregory N. Moore sold 3,000 shares of the company's stock in a transaction dated Monday, August 18th. The stock was sold at an average price of $173.06, for a total transaction of $519,180.00. Following the completion of the sale, the director owned 34,550 shares in the company, valued at approximately $5,979,223. This represents a 7.99% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CTO Hernan E. Mujica sold 2,189 shares of the company's stock in a transaction dated Thursday, August 21st. The stock was sold at an average price of $172.40, for a total value of $377,383.60. Following the sale, the chief technology officer owned 17,553 shares of the company's stock, valued at approximately $3,026,137.20. This trade represents a 11.09% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 8,342 shares of company stock worth $1,443,704. 0.50% of the stock is owned by corporate insiders.

Institutional Trading of Texas Roadhouse

Several hedge funds have recently added to or reduced their stakes in the business. Alliancebernstein L.P. boosted its stake in Texas Roadhouse by 528.2% during the 2nd quarter. Alliancebernstein L.P. now owns 3,172,738 shares of the restaurant operator's stock valued at $594,603,000 after purchasing an additional 2,667,716 shares during the period. Invesco Ltd. boosted its stake in Texas Roadhouse by 17.2% during the 2nd quarter. Invesco Ltd. now owns 2,603,729 shares of the restaurant operator's stock valued at $487,965,000 after purchasing an additional 382,699 shares during the period. AQR Capital Management LLC boosted its stake in Texas Roadhouse by 85.7% during the 2nd quarter. AQR Capital Management LLC now owns 2,343,000 shares of the restaurant operator's stock valued at $439,102,000 after purchasing an additional 1,081,413 shares during the period. Axiom Investors LLC DE boosted its stake in Texas Roadhouse by 3,696.7% during the 1st quarter. Axiom Investors LLC DE now owns 2,173,807 shares of the restaurant operator's stock valued at $362,221,000 after purchasing an additional 2,116,552 shares during the period. Finally, T. Rowe Price Investment Management Inc. boosted its stake in Texas Roadhouse by 209.3% during the 1st quarter. T. Rowe Price Investment Management Inc. now owns 1,609,608 shares of the restaurant operator's stock valued at $268,209,000 after purchasing an additional 1,089,256 shares during the period. Institutional investors own 94.82% of the company's stock.

Texas Roadhouse Trading Down 1.2%

NASDAQ:TXRH opened at $169.83 on Wednesday. The business's fifty day moving average price is $169.37 and its 200 day moving average price is $176.80. Texas Roadhouse has a 1-year low of $148.73 and a 1-year high of $206.04. The firm has a market capitalization of $11.29 billion, a price-to-earnings ratio of 25.93, a PEG ratio of 2.55 and a beta of 0.82.

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

Texas Roadhouse Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Tuesday, September 2nd were paid a dividend of $0.68 per share. This represents a $2.72 annualized dividend and a dividend yield of 1.6%. The ex-dividend date was Tuesday, September 2nd. Texas Roadhouse's dividend payout ratio is 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.