Analysts Set Texas Roadhouse, Inc. (NASDAQ:TXRH) PT at $193.21

Shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) have received a consensus recommendation of “Moderate Buy” from the twenty-three research firms that are currently covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating, ten have assigned a buy rating and two have assigned a strong buy rating to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $192.9474.

A number of brokerages have weighed in on TXRH. Citigroup lifted their price target on shares of Texas Roadhouse from $180.00 to $197.00 and gave the company a “neutral” rating in a report on Tuesday, July 29th. Stifel Nicolaus increased their target price on Texas Roadhouse from $180.00 to $188.00 and gave the stock a “hold” rating in a research report on Friday, July 25th. Evercore ISI cut Texas Roadhouse from an “outperform” rating to an “in-line” rating and set a $190.00 target price on the stock. in a report on Thursday, September 4th. Bank of America upped their price target on Texas Roadhouse from $203.00 to $219.00 and gave the stock a “buy” rating in a research note on Friday, July 18th. Finally, Wells Fargo & Company cut their price objective on Texas Roadhouse from $175.00 to $170.00 and set an “equal weight” rating on the stock in a report on Friday, November 7th.

Insider Buying and Selling

In related news, President Regina A. Tobin sold 3,153 shares of the firm’s stock in a transaction dated Monday, August 18th. The stock was sold at an average price of $173.53, for a total transaction of $547,140.09. Following the sale, the president directly owned 15,261 shares in the company, valued at approximately $2,648,241.33. This trade represents a 17.12% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Gregory N. Moore sold 3,000 shares of the company’s stock in a transaction that occurred on Monday, August 18th. The stock was sold at an average price of $173.06, for a total value of $519,180.00. Following the completion of the transaction, the director owned 34,550 shares of the company’s stock, valued at approximately $5,979,223. This represents a 7.99% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders sold 8,342 shares of company stock valued at $1,443,704. Company insiders own 0.50% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the stock. Brooklyn Investment Group grew its stake in Texas Roadhouse by 478.6% in the first quarter. Brooklyn Investment Group now owns 162 shares of the restaurant operator’s stock worth $27,000 after purchasing an additional 134 shares in the last quarter. Caldwell Trust Co bought a new position in Texas Roadhouse during the 2nd quarter worth approximately $28,000. Bogart Wealth LLC bought a new position in Texas Roadhouse during the 1st quarter worth approximately $33,000. Root Financial Partners LLC acquired a new position in shares of Texas Roadhouse in the 3rd quarter worth approximately $36,000. Finally, Salomon & Ludwin LLC increased its holdings in shares of Texas Roadhouse by 37.2% in the 3rd quarter. Salomon & Ludwin LLC now owns 299 shares of the restaurant operator’s stock valued at $50,000 after acquiring an additional 81 shares during the last quarter. 94.82% of the stock is currently owned by institutional investors.

Texas Roadhouse Trading Up 1.4%

NASDAQ TXRH opened at $163.98 on Friday. The business’s 50-day moving average price is $167.25 and its 200 day moving average price is $178.08. Texas Roadhouse has a twelve month low of $148.73 and a twelve month high of $206.04. The company has a market capitalization of $10.90 billion, a PE ratio of 25.04, a price-to-earnings-growth ratio of 2.50 and a beta of 0.87.

Texas Roadhouse (NASDAQ:TXRH) last released its earnings results on Thursday, November 6th. The restaurant operator reported $1.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.28 by ($0.03). Texas Roadhouse had a return on equity of 31.52% and a net margin of 7.72%.The company had revenue of $1.44 billion during the quarter, compared to analyst estimates of $1.43 billion. During the same period in the prior year, the business posted $1.26 earnings per share. Texas Roadhouse’s revenue was up 12.8% on a year-over-year basis. Equities analysts predict that Texas Roadhouse will post 7.23 EPS for the current year.

Texas Roadhouse Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 30th. Stockholders of record on Tuesday, December 2nd will be given a $0.68 dividend. The ex-dividend date of this dividend is Tuesday, December 2nd. This represents a $2.72 annualized dividend and a dividend yield of 1.7%. Texas Roadhouse’s dividend payout ratio is presently 41.59%.

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.