Brokerages Set Texas Roadhouse, Inc. (NASDAQ:TXRH) Price Target at $208.48

Texas Roadhouse, Inc. (NASDAQ:TXRH) has been assigned an average rating of “Hold” from the twenty-three research firms that are presently covering the stock, Marketbeat reports. Thirteen investment analysts have rated the stock with a hold recommendation and ten have assigned a buy recommendation to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $208.4762.

A number of equities research analysts have issued reports on the stock. Guggenheim reissued a “buy” rating and set a $210.00 target price on shares of Texas Roadhouse in a research note on Monday, May 18th. Wall Street Zen raised shares of Texas Roadhouse from a “sell” rating to a “hold” rating in a research note on Sunday, May 10th. Benchmark reaffirmed a “hold” rating on shares of Texas Roadhouse in a research note on Monday, August 10th. Citigroup increased their price objective on Texas Roadhouse from $193.00 to $209.00 and gave the stock a “neutral” rating in a report on Friday, August 7th. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $235.00 price objective on shares of Texas Roadhouse in a research report on Monday, August 3rd.

Texas Roadhouse Stock Performance

TXRH stock opened at $207.10 on Tuesday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.40 and a current ratio of 0.46. The stock has a market cap of $13.61 billion, a P/E ratio of 33.14, a P/E/G ratio of 2.05 and a beta of 0.79. The firm has a 50 day simple moving average of $191.57 and a 200 day simple moving average of $179.48. Texas Roadhouse has a 52 week low of $153.82 and a 52 week high of $216.30.

Texas Roadhouse (NASDAQ:TXRH) last announced its quarterly earnings data on Thursday, August 6th. The restaurant operator reported $1.85 EPS for the quarter, beating analysts’ consensus estimates of $1.83 by $0.02. The firm had revenue of $1.68 billion for the quarter, compared to the consensus estimate of $1.67 billion. Texas Roadhouse had a net margin of 6.63% and a return on equity of 27.20%. The firm’s revenue was up 11.1% on a year-over-year basis. During the same period in the previous year, the firm posted $1.86 earnings per share. Research analysts anticipate that Texas Roadhouse will post 6.63 earnings per share for the current fiscal year.

Texas Roadhouse Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 29th. Stockholders of record on Tuesday, September 1st will be paid a dividend of $0.75 per share. The ex-dividend date of this dividend is Tuesday, September 1st. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.4%. Texas Roadhouse’s dividend payout ratio (DPR) is 48.00%.

Insider Transactions at Texas Roadhouse

In related news, Director Jane Grote Abell sold 339 shares of the stock in a transaction that occurred on Monday, May 18th. The stock was 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 in the company, valued at approximately $383,426.23. This represents a 13.56% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, General Counsel Sean G. Renfroe sold 426 shares of the firm’s stock in a transaction that occurred on Thursday, July 2nd. The shares were sold at an average price of $192.53, for a total transaction of $82,017.78. Following the transaction, the general counsel directly owned 860 shares in the company, valued at approximately $165,575.80. The trade was a 33.13% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 4,264 shares of company stock valued at $856,557 in the last quarter. Corporate insiders own 0.50% of the company’s stock.

Institutional Trading of Texas Roadhouse

Several large investors have recently added to or reduced their stakes in TXRH. Man Group plc acquired a new position in shares of Texas Roadhouse during the 2nd quarter worth $7,553,000. Jupiter Topco LLC acquired a new stake in shares of Texas Roadhouse in the 2nd quarter valued at $5,730,000. J. Goldman & Co LP acquired a new stake in shares of Texas Roadhouse in the 2nd quarter valued at $10,434,000. Hsbc Holdings PLC bought a new stake in Texas Roadhouse in the second quarter worth $3,385,000. Finally, Palisade Capital Management LP bought a new stake in Texas Roadhouse in the second quarter worth $9,474,000. 94.82% of the stock is owned by institutional investors.

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.