Texas Roadhouse, Inc. (NASDAQ:TXRH) Receives $193.36 Consensus PT from Brokerages

Texas Roadhouse, Inc. (NASDAQ:TXRH) has been assigned a consensus rating of “Moderate Buy” from the twenty-three ratings firms that are covering the company, Marketbeat reports. Eleven equities research analysts have rated the stock with a hold recommendation and twelve have given a buy recommendation to the company. The average 1 year price objective among analysts that have covered the stock in the last year is $193.36.

Several equities research analysts recently weighed in on the stock. JPMorgan Chase & Co. reduced their price target on shares of Texas Roadhouse from $185.00 to $184.00 and set a “neutral” rating on the stock in a research report on Thursday, March 20th. Morgan Stanley upgraded shares of Texas Roadhouse from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $205.00 to $213.00 in a report on Tuesday, January 21st. Citigroup increased their price target on shares of Texas Roadhouse from $212.00 to $213.00 and gave the company a “buy” rating in a report on Friday, February 21st. Stifel Nicolaus reduced their price objective on Texas Roadhouse from $185.00 to $172.00 and set a “hold” rating on the stock in a research note on Friday, February 21st. Finally, Royal Bank of Canada lowered their price objective on Texas Roadhouse from $200.00 to $180.00 and set a “sector perform” rating for the company in a research note on Friday, February 21st.

Insider Activity

In other news, CTO Hernan E. Mujica sold 2,050 shares of the stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $170.66, for a total transaction of $349,853.00. Following the transaction, the chief technology officer now directly owns 17,162 shares in the company, valued at approximately $2,928,866.92. This trade represents a 10.67 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Christopher C. Colson sold 1,370 shares of Texas Roadhouse stock in a transaction that occurred on Friday, January 10th. The shares were sold at an average price of $179.46, for a total transaction of $245,860.20. Following the transaction, the insider now directly owns 10,000 shares in the company, valued at approximately $1,794,600. The trade was a 12.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 17,905 shares of company stock worth $3,198,367. Company insiders own 0.50% of the company’s stock.

Institutional Trading of Texas Roadhouse

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Norges Bank purchased a new stake in shares of Texas Roadhouse during the 4th quarter worth $155,239,000. FMR LLC lifted its position in shares of Texas Roadhouse by 81.6% during the third quarter. FMR LLC now owns 898,522 shares of the restaurant operator’s stock valued at $158,679,000 after buying an additional 403,720 shares during the last quarter. Franklin Resources Inc. boosted its holdings in shares of Texas Roadhouse by 76.0% in the 3rd quarter. Franklin Resources Inc. now owns 893,925 shares of the restaurant operator’s stock valued at $157,375,000 after buying an additional 385,998 shares in the last quarter. Erste Asset Management GmbH purchased a new position in shares of Texas Roadhouse in the 3rd quarter worth approximately $66,609,000. Finally, T. Rowe Price Investment Management Inc. raised its stake in shares of Texas Roadhouse by 255.1% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 520,352 shares of the restaurant operator’s stock worth $93,888,000 after acquiring an additional 373,812 shares in the last quarter. Institutional investors own 94.82% of the company’s stock.

Texas Roadhouse Stock Down 4.3 %

Shares of Texas Roadhouse stock opened at $159.86 on Friday. Texas Roadhouse has a twelve month low of $146.75 and a twelve month high of $206.04. The business has a 50-day moving average price of $175.08 and a 200-day moving average price of $181.66. The firm has a market cap of $10.62 billion, a price-to-earnings ratio of 24.71, a PEG ratio of 1.23 and a beta of 1.00.

Texas Roadhouse (NASDAQ:TXRH) last released its quarterly earnings results on Thursday, February 20th. The restaurant operator reported $1.73 earnings per share for the quarter, beating the consensus estimate of $1.66 by $0.07. The business had revenue of $1.44 billion during the quarter, compared to analysts’ expectations of $1.41 billion. Texas Roadhouse had a return on equity of 34.02% and a net margin of 8.07%. On average, equities analysts expect that Texas Roadhouse will post 7.23 EPS for the current fiscal year.

Texas Roadhouse Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Tuesday, March 18th were given a dividend of $0.68 per share. This is an increase from Texas Roadhouse’s previous quarterly dividend of $0.61. The ex-dividend date of this dividend was Tuesday, March 18th. This represents a $2.72 dividend on an annualized basis and a dividend yield of 1.70%. Texas Roadhouse’s dividend payout ratio is presently 42.04%.

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.