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

Texas Roadhouse, Inc. (NASDAQ:TXRH - Get Free Report) has been given a consensus rating of "Moderate Buy" by the twenty-one analysts that are covering the stock, Marketbeat Ratings reports. Ten investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The average 1-year target price among brokers that have covered the stock in the last year is $192.05.

Several analysts have issued reports on TXRH shares. Wells Fargo & Company cut their price target on shares of Texas Roadhouse from $175.00 to $170.00 and set an "equal weight" rating for the company in a research report on Tuesday, April 22nd. The Goldman Sachs Group upped their price target on shares of Texas Roadhouse from $184.00 to $205.00 and gave the company a "neutral" rating in a research report on Wednesday, June 4th. Stifel Nicolaus cut their price target on shares of Texas Roadhouse from $172.00 to $170.00 and set a "hold" rating for the company in a research report on Tuesday, April 15th. Robert W. Baird set a $180.00 price target on shares of Texas Roadhouse and gave the company an "outperform" rating in a research report on Monday, April 7th. Finally, Wedbush upped their price target on shares of Texas Roadhouse from $200.00 to $210.00 and gave the company an "outperform" rating in a research report on Friday, March 28th.

Insider Transactions at Texas Roadhouse

In other Texas Roadhouse news, Director Donna E. Epps sold 800 shares of the firm's stock in a transaction that occurred on Friday, May 23rd. The shares were sold at an average price of $186.52, for a total transaction of $149,216.00. Following the completion of the transaction, the director owned 4,632 shares of the company's stock, valued at approximately $863,960.64. This trade represents a 14.73% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Gregory N. Moore sold 1,000 shares of the firm's stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $187.62, for a total transaction of $187,620.00. Following the transaction, the director directly owned 38,050 shares of the company's stock, valued at $7,138,941. This represents a 2.56% decrease in their position. The disclosure for this sale can be found here. 0.50% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Texas Roadhouse

Institutional investors and hedge funds have recently made changes to their positions in the business. Brooklyn Investment Group increased its stake in shares of Texas Roadhouse by 478.6% during 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 in the last quarter. Bogart Wealth LLC bought a new position in shares of Texas Roadhouse during the first quarter valued at approximately $33,000. Coppell Advisory Solutions LLC increased its stake in shares of Texas Roadhouse by 56.8% during the fourth quarter. Coppell Advisory Solutions LLC now owns 196 shares of the restaurant operator's stock valued at $35,000 after purchasing an additional 71 shares in the last quarter. SBI Securities Co. Ltd. bought a new position in shares of Texas Roadhouse during the fourth quarter valued at approximately $36,000. Finally, WPG Advisers LLC purchased a new stake in shares of Texas Roadhouse during the first quarter valued at approximately $59,000. Institutional investors own 94.82% of the company's stock.

Texas Roadhouse Stock Down 1.8%

NASDAQ:TXRH traded down $3.47 during midday trading on Monday, hitting $185.99. The company had a trading volume of 768,961 shares, compared to its average volume of 935,955. Texas Roadhouse has a 52-week low of $148.73 and a 52-week high of $206.04. The stock's fifty day moving average price is $187.20 and its 200-day moving average price is $178.54. The company has a market capitalization of $12.34 billion, a PE ratio of 28.70, a P/E/G ratio of 2.53 and a beta of 0.87.

Texas Roadhouse (NASDAQ:TXRH - Get Free Report) last announced its earnings results on Thursday, May 8th. The restaurant operator reported $1.70 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.75 by ($0.05). Texas Roadhouse had a return on equity of 32.33% and a net margin of 7.89%. The company had revenue of $1.45 billion during the quarter, compared to analysts' expectations of $1.44 billion. During the same quarter last year, the firm posted $1.69 earnings per share. The firm's revenue was up 11.8% on a year-over-year basis. As a group, research 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, July 1st. Investors of record on Tuesday, June 3rd were paid a $0.68 dividend. This represents a $2.72 dividend on an annualized basis and a yield of 1.46%. The ex-dividend date was Tuesday, June 3rd. Texas Roadhouse's payout ratio is currently 41.98%.

About Texas Roadhouse

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.