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

Texas Roadhouse, Inc. (NASDAQ:TXRH) has earned a consensus rating of “Moderate Buy” from the twenty-one ratings firms that are presently covering the firm, Marketbeat Ratings reports. Ten analysts have rated the stock with a hold recommendation and eleven have given a buy recommendation to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $191.71.

A number of equities analysts recently commented on the company. Wedbush lifted their price objective on Texas Roadhouse from $200.00 to $210.00 and gave the stock an “outperform” rating in a research report on Friday, March 28th. Truist Financial reduced their price objective on Texas Roadhouse from $209.00 to $205.00 and set a “buy” rating on the stock in a research report on Friday, February 21st. Guggenheim reduced their price objective on Texas Roadhouse from $205.00 to $200.00 and set a “buy” rating on the stock in a research report on Thursday, February 27th. Citigroup downgraded Texas Roadhouse from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $213.00 to $164.00 in a research report on Wednesday, April 23rd. Finally, The Goldman Sachs Group lifted their price objective on Texas Roadhouse from $184.00 to $205.00 and gave the stock a “neutral” rating in a research report on Wednesday, June 4th.

Insider Activity

In other news, Director Gregory N. Moore sold 1,000 shares of Texas Roadhouse stock in a transaction on Monday, May 12th. The stock was sold at an average price of $187.62, for a total value of $187,620.00. Following the completion of the sale, the director now directly owns 38,050 shares of the company’s stock, valued at approximately $7,138,941. The trade was a 2.56% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Donna E. Epps sold 800 shares of the business’s stock in a transaction on Friday, May 23rd. The stock was sold at an average price of $186.52, for a total value of $149,216.00. Following the transaction, the director now directly owns 4,632 shares of the company’s stock, valued at $863,960.64. The trade was a 14.73% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.50% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Brooklyn Investment Group grew its stake in Texas Roadhouse by 478.6% during the 1st 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. Mirae Asset Global Investments Co. Ltd. acquired a new position in Texas Roadhouse during the 4th quarter worth $30,000. Bogart Wealth LLC acquired a new position in Texas Roadhouse during the 1st quarter worth $33,000. Coppell Advisory Solutions LLC grew its stake in Texas Roadhouse by 56.8% during the 4th quarter. Coppell Advisory Solutions LLC now owns 196 shares of the restaurant operator’s stock worth $35,000 after purchasing an additional 71 shares in the last quarter. Finally, SBI Securities Co. Ltd. acquired a new position in Texas Roadhouse during the 4th quarter worth $36,000. 94.82% of the stock is owned by institutional investors and hedge funds.

Texas Roadhouse Price Performance

NASDAQ TXRH opened at $192.88 on Thursday. The company has a market cap of $12.80 billion, a PE ratio of 29.81, a price-to-earnings-growth ratio of 1.23 and a beta of 0.90. The stock’s 50 day simple moving average is $179.24 and its 200-day simple moving average is $178.68. Texas Roadhouse has a 1-year low of $148.73 and a 1-year high of $206.04.

Texas Roadhouse (NASDAQ:TXRH) last released its earnings results on Thursday, May 8th. The restaurant operator reported $1.70 earnings per share for the quarter, missing the consensus estimate of $1.75 by ($0.05). The firm had revenue of $1.45 billion during the quarter, compared to analysts’ expectations of $1.44 billion. Texas Roadhouse had a net margin of 8.07% and a return on equity of 34.02%. The business’s revenue was up 11.8% compared to the same quarter last year. During the same quarter last year, the business earned $1.69 EPS. On average, equities research analysts anticipate that Texas Roadhouse will post 7.23 EPS for the current fiscal year.

Texas Roadhouse Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 1st. Stockholders of record on Tuesday, June 3rd will be paid a $0.68 dividend. The ex-dividend date is Tuesday, June 3rd. This represents a $2.72 dividend on an annualized basis and a dividend yield of 1.41%. Texas Roadhouse’s payout ratio is presently 41.98%.

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.