Texas Roadhouse, Inc. (NASDAQ:TXRH) Receives Average Rating of “Moderate Buy” from Analysts

Texas Roadhouse, Inc. (NASDAQ:TXRH) has been given an average recommendation of “Moderate Buy” by the twenty-three ratings firms that are presently covering the firm, MarketBeat reports. Ten equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have given a strong buy rating to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $196.3333.

Several research firms have recently commented on TXRH. Weiss Ratings reissued a “buy (b-)” rating on shares of Texas Roadhouse in a research note on Monday, December 29th. The Goldman Sachs Group decreased their price target on Texas Roadhouse from $200.00 to $180.00 and set a “neutral” rating on the stock in a report on Wednesday, October 1st. TD Cowen initiated coverage on Texas Roadhouse in a research report on Tuesday. They issued a “buy” rating and a $215.00 price objective for the company. BMO Capital Markets boosted their price objective on Texas Roadhouse from $155.00 to $170.00 and gave the stock a “market perform” rating in a report on Tuesday, January 6th. Finally, Wall Street Zen lowered shares of Texas Roadhouse from a “hold” rating to a “sell” rating in a research note on Saturday, January 3rd.

Texas Roadhouse Trading Down 0.1%

Shares of TXRH stock opened at $191.25 on Friday. Texas Roadhouse has a 1 year low of $148.73 and a 1 year high of $199.99. The firm’s 50 day moving average is $174.73 and its 200-day moving average is $173.74. The firm has a market capitalization of $12.65 billion, a price-to-earnings ratio of 29.24, a PEG ratio of 3.00 and a beta of 0.89.

Texas Roadhouse (NASDAQ:TXRH) last issued its quarterly earnings results on Thursday, November 6th. The restaurant operator reported $1.25 earnings per share for the quarter, missing analysts’ consensus estimates of $1.28 by ($0.03). Texas Roadhouse had a net margin of 7.49% and a return on equity of 30.59%. 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 earned $1.26 EPS. The business’s revenue for the quarter was up 12.8% on a year-over-year basis. On average, equities research analysts forecast that Texas Roadhouse will post 7.23 earnings per share for the current fiscal year.

Texas Roadhouse Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 30th. Shareholders of record on Tuesday, December 2nd were paid a $0.68 dividend. The ex-dividend date of this dividend was Tuesday, December 2nd. This represents a $2.72 dividend on an annualized basis and a yield of 1.4%. Texas Roadhouse’s dividend payout ratio (DPR) is presently 41.59%.

Insiders Place Their Bets

In other news, Director Hugh J. Carroll sold 1,000 shares of the firm’s stock in a transaction on Thursday, December 4th. The stock was sold at an average price of $167.27, for a total value of $167,270.00. Following the transaction, the director directly owned 1,854 shares in the company, valued at $310,118.58. This trade represents a 35.04% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Gregory N. Moore sold 1,400 shares of Texas Roadhouse stock in a transaction on Wednesday, December 3rd. The stock was sold at an average price of $170.00, for a total value of $238,000.00. Following the sale, the director directly owned 32,150 shares of the company’s stock, valued at approximately $5,465,500. This trade represents a 4.17% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 12,400 shares of company stock valued at $2,320,920. Company insiders own 0.50% of the company’s stock.

Hedge Funds Weigh In On Texas Roadhouse

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Farther Finance Advisors LLC grew its position in shares of Texas Roadhouse by 22.8% during the 2nd quarter. Farther Finance Advisors LLC now owns 312 shares of the restaurant operator’s stock worth $59,000 after buying an additional 58 shares during the period. Dakota Wealth Management boosted its stake in Texas Roadhouse by 3.8% during the 2nd quarter. Dakota Wealth Management now owns 1,675 shares of the restaurant operator’s stock worth $314,000 after acquiring an additional 61 shares during the last quarter. Insight Wealth Partners LLC grew its holdings in Texas Roadhouse by 4.3% during the second quarter. Insight Wealth Partners LLC now owns 1,855 shares of the restaurant operator’s stock valued at $348,000 after purchasing an additional 76 shares during the period. NewEdge Advisors LLC increased its stake in Texas Roadhouse by 3.1% in the second quarter. NewEdge Advisors LLC now owns 2,499 shares of the restaurant operator’s stock valued at $468,000 after purchasing an additional 76 shares in the last quarter. Finally, Salomon & Ludwin LLC increased its stake in Texas Roadhouse by 37.2% in the third quarter. Salomon & Ludwin LLC now owns 299 shares of the restaurant operator’s stock valued at $50,000 after purchasing an additional 81 shares in the last quarter. Institutional investors own 94.82% of the company’s stock.

About Texas Roadhouse

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.