Texas Roadhouse, Inc. (NASDAQ:TXRH) Given Average Rating of “Moderate Buy” by Analysts

Texas Roadhouse, Inc. (NASDAQ:TXRH) has been given a consensus recommendation of “Moderate Buy” by the twenty-three ratings firms that are presently covering the firm, MarketBeat reports. Ten research analysts have rated the stock with a hold rating, eleven have given a buy rating and two have issued a strong buy rating on the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $196.3333.

A number of brokerages have recently issued reports on TXRH. Zacks Research upgraded shares of Texas Roadhouse from a “strong sell” rating to a “hold” rating in a research report on Thursday, January 8th. BMO Capital Markets boosted their target price on shares of Texas Roadhouse from $155.00 to $170.00 and gave the company a “market perform” rating in a report on Tuesday, January 6th. UBS Group reaffirmed a “buy” rating on shares of Texas Roadhouse in a research report on Monday, November 10th. Mizuho raised Texas Roadhouse to a “strong-buy” rating in a research report on Tuesday, October 28th. Finally, Royal Bank Of Canada cut their target price on Texas Roadhouse from $185.00 to $175.00 and set a “sector perform” rating on the stock in a research report on Friday, November 7th.

Insider Activity

In other Texas Roadhouse news, Director Hugh J. Carroll sold 1,000 shares of the firm’s stock in a transaction on Thursday, December 4th. The shares were sold at an average price of $167.27, for a total value of $167,270.00. Following the completion of the sale, the director directly owned 1,854 shares in the company, valued at approximately $310,118.58. This trade represents a 35.04% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Gregory N. Moore sold 1,400 shares of the company’s stock in a transaction dated Wednesday, December 3rd. The shares were sold at an average price of $170.00, for a total transaction of $238,000.00. Following the transaction, the director owned 32,150 shares in the company, valued at $5,465,500. This represents a 4.17% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 12,400 shares of company stock worth $2,320,920 in the last quarter. 0.50% of the stock is owned by corporate insiders.

Institutional Trading of Texas Roadhouse

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in TXRH. Alliancebernstein L.P. boosted its holdings in Texas Roadhouse by 528.2% in the second quarter. Alliancebernstein L.P. now owns 3,172,738 shares of the restaurant operator’s stock worth $594,603,000 after acquiring an additional 2,667,716 shares in the last quarter. Capital World Investors lifted its holdings in shares of Texas Roadhouse by 580.2% in the 3rd quarter. Capital World Investors now owns 2,236,885 shares of the restaurant operator’s stock worth $371,658,000 after purchasing an additional 1,908,033 shares in the last quarter. AQR Capital Management LLC grew its position in Texas Roadhouse by 85.7% in 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. Balyasny Asset Management L.P. bought a new stake in Texas Roadhouse during the 3rd quarter valued at $157,310,000. Finally, Victory Capital Management Inc. increased its stake in Texas Roadhouse by 770.6% during the 3rd quarter. Victory Capital Management Inc. now owns 972,251 shares of the restaurant operator’s stock valued at $161,540,000 after purchasing an additional 860,571 shares in the last quarter. 94.82% of the stock is owned by institutional investors.

Texas Roadhouse Trading Down 0.6%

Shares of TXRH opened at $184.96 on Friday. The company has a market capitalization of $12.24 billion, a PE ratio of 28.28, a PEG ratio of 2.92 and a beta of 0.89. The stock’s 50-day moving average price is $175.80 and its two-hundred day moving average price is $173.55. Texas Roadhouse has a 12 month low of $148.73 and a 12 month high of $199.99.

Texas Roadhouse (NASDAQ:TXRH) last issued its quarterly earnings data on Thursday, November 6th. The restaurant operator reported $1.25 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.28 by ($0.03). Texas Roadhouse had a return on equity of 30.59% and a net margin of 7.49%.The company had revenue of $1.44 billion for the quarter, compared to the consensus estimate of $1.43 billion. During the same quarter last year, the business earned $1.26 earnings per share. Texas Roadhouse’s revenue was up 12.8% compared to the same quarter last year. Equities research analysts predict that Texas Roadhouse will post 7.23 EPS for the current fiscal year.

Texas Roadhouse Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 30th. Shareholders of record on Tuesday, December 2nd were issued a dividend of $0.68 per share. This represents a $2.72 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date was Tuesday, December 2nd. Texas Roadhouse’s dividend payout ratio is presently 41.59%.

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.