Texas Roadhouse, Inc. (NASDAQ:TXRH) Receives Average Recommendation of "Hold" from Analysts

Key Points

• Analysts are broadly neutral on Texas Roadhouse: 13 of 23 analysts rate the stock “Hold,” while 10 recommend buying it. The average 12-month price target is $208.48.
• Recent analyst actions were mixed, with price targets ranging from $175 to $230; TD Cowen was the most bullish, while Barclays lowered its target to $175.
• Texas Roadhouse slightly exceeded quarterly expectations, reporting $1.85 in EPS and $1.68 billion in revenue, up 11.1% year over year. The company also declared a quarterly dividend of $0.75 per share, yielding about 1.4% annually.

Shares of Texas Roadhouse, Inc. (NASDAQ:TXRH - Get Free Report) have earned an average recommendation of "Hold" from the twenty-three research firms that are presently covering the firm, MarketBeat reports. Thirteen research analysts have rated the stock with a hold recommendation and ten have assigned a buy recommendation to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $208.4762.

A number of research firms have commented on TXRH. Barclays decreased their price target on Texas Roadhouse from $188.00 to $175.00 and set an "equal weight" rating for the company in a research note on Friday, May 8th. JPMorgan Chase & Co. raised their price target on shares of Texas Roadhouse from $182.00 to $188.00 and gave the stock a "neutral" rating in a report on Thursday, May 14th. TD Cowen upped their target price on Texas Roadhouse from $205.00 to $230.00 and gave the company a "buy" rating in a research report on Friday. Stephens lifted their price target on Texas Roadhouse from $180.00 to $205.00 and gave the stock an "equal weight" rating in a research report on Friday. Finally, Citigroup increased their price objective on Texas Roadhouse from $193.00 to $209.00 and gave the company a "neutral" rating in a report on Friday.

Insider Buying and Selling at Texas Roadhouse

In other Texas Roadhouse news, insider Lloyd Paul Marshall sold 1,000 shares of the company's stock in a transaction on Thursday, May 14th. The shares were sold at an average price of $178.34, for a total value of $178,340.00. Following the sale, the insider directly owned 10,326 shares of the company's stock, valued at approximately $1,841,538.84. This represents a 8.83% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Jane Grote Abell sold 339 shares of Texas Roadhouse stock in a transaction dated Monday, May 18th. The shares were sold at an average price of $177.43, for a total value of $60,148.77. Following the transaction, the director owned 2,161 shares of the company's stock, valued at $383,426.23. The trade was a 13.56% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 2,264 shares of company stock valued at $409,937 over the last quarter. Insiders own 0.50% of the company's stock.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the stock. Elyxium Wealth LLC purchased a new position in shares of Texas Roadhouse during the 4th quarter valued at approximately $25,000. Basecamp Wealth Advisors LLC grew its position in Texas Roadhouse by 5,033.3% during the first quarter. Basecamp Wealth Advisors LLC now owns 154 shares of the restaurant operator's stock valued at $25,000 after buying an additional 151 shares during the period. Measured Wealth Private Client Group LLC purchased a new position in Texas Roadhouse in the third quarter valued at $33,000. Garton & Associates Financial Advisors LLC acquired a new position in shares of Texas Roadhouse in the fourth quarter worth about $34,000. Finally, TD Private Client Wealth LLC boosted its stake in shares of Texas Roadhouse by 137.5% during the 4th quarter. TD Private Client Wealth LLC now owns 266 shares of the restaurant operator's stock worth $44,000 after acquiring an additional 154 shares in the last quarter. 94.82% of the stock is owned by institutional investors and hedge funds.

Texas Roadhouse Price Performance

Shares of TXRH opened at $207.46 on Tuesday. The company has a 50 day moving average of $188.18 and a two-hundred day moving average of $178.88. 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 has a twelve month low of $153.82 and a twelve month high of $213.26. The company has a market cap of $13.64 billion, a price-to-earnings ratio of 33.19, a price-to-earnings-growth ratio of 2.29 and a beta of 0.79.

Texas Roadhouse (NASDAQ:TXRH - Get Free Report) last issued its quarterly earnings data on Thursday, August 6th. The restaurant operator reported $1.85 EPS for the quarter, beating the consensus estimate of $1.83 by $0.02. The firm had revenue of $1.68 billion during the quarter, compared to analyst estimates of $1.67 billion. Texas Roadhouse had a return on equity of 27.20% and a net margin of 6.63%.The business's revenue for the quarter was up 11.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.86 EPS. As a group, analysts predict that Texas Roadhouse will post 6.49 earnings per share for the current fiscal year.

Texas Roadhouse Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 29th. Shareholders of record on Tuesday, September 1st will be paid a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a yield of 1.4%. The ex-dividend date is Tuesday, September 1st. Texas Roadhouse's payout ratio is presently 48.00%.

Texas Roadhouse Company Profile

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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