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

Texas Roadhouse, Inc. (NASDAQ:TXRH) has earned an average rating of “Moderate Buy” from the twenty-three research firms that are presently covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating, ten have assigned a buy rating and two have given a strong buy rating to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $192.9474.

TXRH has been the subject of a number of research reports. Wells Fargo & Company lowered their price target on shares of Texas Roadhouse from $175.00 to $170.00 and set an “equal weight” rating for the company in a report on Friday, November 7th. Evercore ISI lowered Texas Roadhouse from an “outperform” rating to an “in-line” rating and set a $190.00 price objective on the stock. in a research report on Thursday, September 4th. The Goldman Sachs Group dropped their target price on Texas Roadhouse from $200.00 to $180.00 and set a “neutral” rating for the company in a research report on Wednesday, October 1st. JPMorgan Chase & Co. decreased their price target on Texas Roadhouse from $200.00 to $182.00 and set a “neutral” rating on the stock in a report on Tuesday, October 7th. Finally, Mizuho upgraded Texas Roadhouse to a “strong-buy” rating in a research report on Tuesday, October 28th.

Texas Roadhouse Stock Performance

Shares of NASDAQ:TXRH opened at $169.00 on Thursday. The business has a fifty day moving average of $169.17 and a 200-day moving average of $177.40. Texas Roadhouse has a twelve month low of $148.73 and a twelve month high of $200.14. The firm has a market cap of $11.18 billion, a PE ratio of 25.84, a price-to-earnings-growth ratio of 2.78 and a beta of 0.88.

Texas Roadhouse (NASDAQ:TXRH) last issued its quarterly 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). The company had revenue of $1.44 billion for the quarter, compared to analyst estimates of $1.43 billion. Texas Roadhouse had a return on equity of 30.59% and a net margin of 7.49%.The firm’s quarterly revenue was up 12.8% on a year-over-year basis. During the same quarter last year, the company earned $1.26 EPS. On average, analysts anticipate that Texas Roadhouse will post 7.23 EPS for the current fiscal year.

Texas Roadhouse Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 30th. Investors of record on Tuesday, December 2nd will be paid a dividend of $0.68 per share. This represents a $2.72 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date of this dividend is Tuesday, December 2nd. Texas Roadhouse’s payout ratio is 41.59%.

Institutional Trading of Texas Roadhouse

A number of institutional investors have recently bought and sold shares of TXRH. Alliancebernstein L.P. lifted its stake in shares of Texas Roadhouse by 528.2% in the 2nd quarter. Alliancebernstein L.P. now owns 3,172,738 shares of the restaurant operator’s stock valued at $594,603,000 after purchasing an additional 2,667,716 shares during the period. Axiom Investors LLC DE grew its stake in shares of Texas Roadhouse by 3,696.7% during the first quarter. Axiom Investors LLC DE now owns 2,173,807 shares of the restaurant operator’s stock worth $362,221,000 after purchasing an additional 2,116,552 shares during the period. Capital World Investors increased its holdings in Texas Roadhouse by 580.2% in the third quarter. Capital World Investors now owns 2,236,885 shares of the restaurant operator’s stock valued at $371,658,000 after purchasing an additional 1,908,033 shares during the last quarter. T. Rowe Price Investment Management Inc. lifted its stake in Texas Roadhouse by 209.3% in the first quarter. T. Rowe Price Investment Management Inc. now owns 1,609,608 shares of the restaurant operator’s stock valued at $268,209,000 after buying an additional 1,089,256 shares during the period. Finally, AQR Capital Management LLC boosted its holdings in Texas Roadhouse by 85.7% during the second quarter. AQR Capital Management LLC now owns 2,343,000 shares of the restaurant operator’s stock worth $439,102,000 after buying an additional 1,081,413 shares during the last quarter. Institutional investors and hedge funds own 94.82% of the company’s stock.

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.