Texas Roadhouse, Inc. (NASDAQ:TXRH – Get Free Report) has received an average rating of “Hold” from the twenty-three brokerages that are covering the stock, Marketbeat.com reports. Thirteen analysts have rated the stock with a hold recommendation and ten have given a buy recommendation to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $194.90.
Several brokerages recently weighed in on TXRH. Stifel Nicolaus lifted their price target on Texas Roadhouse from $170.00 to $180.00 and gave the company a “hold” rating in a research note on Tuesday, May 12th. Royal Bank Of Canada upgraded Texas Roadhouse from a “sector perform” rating to an “outperform” rating and increased their price target for the stock from $180.00 to $210.00 in a research report on Friday, May 15th. Citigroup dropped their price objective on Texas Roadhouse from $176.00 to $174.00 and set a “neutral” rating on the stock in a report on Friday, May 8th. Weiss Ratings restated a “buy (b-)” rating on shares of Texas Roadhouse in a research report on Friday, May 29th. Finally, TD Cowen upped their target price on Texas Roadhouse from $192.00 to $205.00 and gave the stock a “buy” rating in a research note on Wednesday, May 27th.
Get Our Latest Research Report on TXRH
Insider Buying and Selling
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently bought and sold shares of TXRH. AQR Capital Management LLC increased its stake in Texas Roadhouse by 27.4% during the 4th quarter. AQR Capital Management LLC now owns 2,674,102 shares of the restaurant operator’s stock worth $443,901,000 after buying an additional 575,685 shares in the last quarter. Capital World Investors lifted its position in shares of Texas Roadhouse by 13.4% in the fourth quarter. Capital World Investors now owns 2,537,290 shares of the restaurant operator’s stock valued at $421,190,000 after acquiring an additional 300,405 shares in the last quarter. UBS Group AG boosted its stake in shares of Texas Roadhouse by 60.4% in the fourth quarter. UBS Group AG now owns 1,387,454 shares of the restaurant operator’s stock worth $230,317,000 after acquiring an additional 522,509 shares during the last quarter. Geode Capital Management LLC increased its position in shares of Texas Roadhouse by 1.9% during the fourth quarter. Geode Capital Management LLC now owns 1,367,120 shares of the restaurant operator’s stock worth $226,984,000 after purchasing an additional 24,834 shares in the last quarter. Finally, Wellington Management Group LLP increased its position in shares of Texas Roadhouse by 228.4% during the fourth quarter. Wellington Management Group LLP now owns 1,329,052 shares of the restaurant operator’s stock worth $220,623,000 after purchasing an additional 924,306 shares in the last quarter. 94.82% of the stock is owned by hedge funds and other institutional investors.
Texas Roadhouse Stock Down 1.0%
TXRH stock opened at $194.31 on Friday. Texas Roadhouse has a one year low of $153.82 and a one year high of $200.11. 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 firm’s fifty day moving average is $181.01 and its 200 day moving average is $176.93. The firm has a market cap of $12.77 billion, a PE ratio of 31.04, a P/E/G ratio of 2.17 and a beta of 0.78.
Texas Roadhouse (NASDAQ:TXRH – Get Free Report) last issued its quarterly earnings data on Thursday, May 7th. The restaurant operator reported $1.87 earnings per share for the quarter, topping analysts’ consensus estimates of $1.80 by $0.07. Texas Roadhouse had a net margin of 6.85% and a return on equity of 27.86%. The business had revenue of $1.63 billion during the quarter, compared to the consensus estimate of $1.64 billion. During the same quarter in the prior year, the firm posted $1.70 earnings per share. The company’s revenue was up 10.5% compared to the same quarter last year. On average, research analysts forecast that Texas Roadhouse will post 6.45 EPS for the current year.
Texas Roadhouse Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Tuesday, June 2nd were issued a $0.75 dividend. This represents a $3.00 annualized dividend and a yield of 1.5%. The ex-dividend date of this dividend was Tuesday, June 2nd. Texas Roadhouse’s payout ratio is presently 47.92%.
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.
Featured Articles
- Five stocks we like better than Texas Roadhouse
- Confidence Is Back, But Earnings Show the Consumer Is Being Picky
- AeroVironment’s Stock Is Down, But Drone Demand Is Taking Off
- 3M’s Redemption Arc: Can Q2 Earnings Change the Narrative?
- 3 Photonics Companies Making Quantum Tech Possible
Receive News & Ratings for Texas Roadhouse Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Texas Roadhouse and related companies with MarketBeat.com's FREE daily email newsletter.
