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

Texas Roadhouse, Inc. (NASDAQ:TXRH - Get Free Report) has been given a consensus recommendation of "Moderate Buy" by the twenty-one ratings firms that are currently covering the firm, MarketBeat Ratings reports. Ten investment analysts have rated the stock with a hold recommendation and eleven have assigned a buy recommendation to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $192.05.

Several analysts have issued reports on the stock. 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 report on Friday, March 28th. Wells Fargo & Company reduced their target price on Texas Roadhouse from $175.00 to $170.00 and set an "equal weight" rating on the stock in a research note on Tuesday, April 22nd. Barclays lowered their target price on Texas Roadhouse from $179.00 to $175.00 and set an "equal weight" rating on the stock in a report on Friday, May 9th. The Goldman Sachs Group upped their price objective on Texas Roadhouse from $184.00 to $205.00 and gave the company a "neutral" rating in a research report on Wednesday, June 4th. Finally, Citigroup cut Texas Roadhouse from a "buy" rating to a "neutral" rating and dropped their price objective for the stock from $213.00 to $164.00 in a research report on Wednesday, April 23rd.

Insiders Place Their Bets

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

Hedge Funds Weigh In On Texas Roadhouse

A number of institutional investors and hedge funds have recently bought and sold shares of TXRH. Vanguard Group Inc. boosted its stake in shares of Texas Roadhouse by 1.2% in the fourth quarter. Vanguard Group Inc. now owns 6,540,615 shares of the restaurant operator's stock valued at $1,180,123,000 after purchasing an additional 76,051 shares during the period. Invesco Ltd. lifted its holdings in Texas Roadhouse by 5.9% in the 4th quarter. Invesco Ltd. now owns 2,479,323 shares of the restaurant operator's stock worth $447,344,000 after buying an additional 138,675 shares in the last quarter. Axiom Investors LLC DE boosted its position in Texas Roadhouse by 3,696.7% in 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 buying an additional 2,116,552 shares during the last quarter. T. Rowe Price Investment Management Inc. grew its stake in shares of Texas Roadhouse by 209.3% during the first 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 acquiring an additional 1,089,256 shares in the last quarter. Finally, FMR LLC increased its position in shares of Texas Roadhouse by 44.8% during the fourth quarter. FMR LLC now owns 1,300,987 shares of the restaurant operator's stock worth $234,737,000 after acquiring an additional 402,465 shares during the last quarter. Hedge funds and other institutional investors own 94.82% of the company's stock.

Texas Roadhouse Price Performance

Shares of TXRH stock traded down $3.47 during midday trading on Monday, reaching $185.99. 741,651 shares of the company traded hands, compared to its average volume of 935,954. The firm's 50 day simple moving average is $186.82 and its two-hundred day simple moving average is $178.50. The firm has a market cap of $12.34 billion, a PE ratio of 28.70, a price-to-earnings-growth ratio of 2.53 and a beta of 0.87. Texas Roadhouse has a 1-year low of $148.73 and a 1-year high of $206.04.

Texas Roadhouse (NASDAQ:TXRH - Get Free Report) last posted its earnings results on Thursday, May 8th. The restaurant operator reported $1.70 earnings per share for the quarter, missing the consensus estimate of $1.75 by ($0.05). Texas Roadhouse had a net margin of 7.89% and a return on equity of 32.33%. The firm had revenue of $1.45 billion during the quarter, compared to analyst estimates of $1.44 billion. During the same period last year, the company posted $1.69 EPS. The firm's revenue for the quarter was up 11.8% on a year-over-year basis. As a group, research analysts anticipate that Texas Roadhouse will post 7.23 earnings per share for the current fiscal year.

Texas Roadhouse Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, July 1st. Stockholders of record on Tuesday, June 3rd were given a $0.68 dividend. This represents a $2.72 annualized dividend and a dividend yield of 1.46%. The ex-dividend date was Tuesday, June 3rd. Texas Roadhouse's payout ratio is currently 41.98%.

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.