Texas Roadhouse, Inc. (NASDAQ:TXRH) Receives Average Recommendation of “Hold” from Analysts

Texas Roadhouse, Inc. (NASDAQ:TXRH) has earned a consensus recommendation of “Hold” from the twenty-five analysts that are covering the company, MarketBeat Ratings reports. Fourteen analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $196.3636.

A number of equities research analysts have weighed in on TXRH shares. Piper Sandler lifted their price target on shares of Texas Roadhouse from $190.00 to $192.00 and gave the stock a “neutral” rating in a research note on Monday, May 11th. Citigroup reduced their target price on shares of Texas Roadhouse from $176.00 to $174.00 and set a “neutral” rating on the stock in a research note on Friday, May 8th. Stephens boosted their target price on shares of Texas Roadhouse from $168.00 to $180.00 and gave the company an “equal weight” rating in a research note on Friday, February 20th. JPMorgan Chase & Co. boosted their target price on shares of Texas Roadhouse from $182.00 to $188.00 and gave the company a “neutral” rating in a research note on Thursday, May 14th. Finally, KeyCorp restated a “sector weight” rating on shares of Texas Roadhouse in a research note on Friday, February 20th.

Insider Buying and Selling

In other news, Director Curtis Warfield sold 2,640 shares of the business’s stock in a transaction on Monday, May 11th. The shares were sold at an average price of $183.05, for a total value of $483,252.00. Following the sale, the director owned 5,361 shares in the company, valued at approximately $981,331.05. The trade was a 33.00% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Jane Grote Abell sold 339 shares of the business’s stock in a transaction on Monday, May 18th. The shares were sold at an average price of $177.43, for a total transaction of $60,148.77. Following the completion of the sale, the director owned 2,161 shares in the company, valued at $383,426.23. This represents a 13.56% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 18,217 shares of company stock worth $3,162,560 in the last three months. Company insiders own 0.50% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Elyxium Wealth LLC bought a new position in shares of Texas Roadhouse in the fourth quarter valued at about $25,000. Princeton Global Asset Management LLC bought a new position in shares of Texas Roadhouse in the fourth quarter valued at about $31,000. Measured Wealth Private Client Group LLC bought a new position in shares of Texas Roadhouse in the third quarter valued at about $33,000. Garton & Associates Financial Advisors LLC bought a new position in shares of Texas Roadhouse in the fourth quarter valued at about $34,000. Finally, TD Private Client Wealth LLC raised its holdings in shares of Texas Roadhouse by 137.5% in the fourth quarter. TD Private Client Wealth LLC now owns 266 shares of the restaurant operator’s stock valued at $44,000 after buying an additional 154 shares during the last quarter. 94.82% of the stock is owned by institutional investors.

Texas Roadhouse Stock Down 0.4%

TXRH opened at $181.49 on Thursday. Texas Roadhouse has a fifty-two week low of $153.82 and a fifty-two week high of $199.71. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.46 and a quick ratio of 0.40. The firm’s fifty day moving average price is $167.64 and its two-hundred day moving average price is $173.49. The company has a market capitalization of $11.93 billion, a P/E ratio of 28.99, a P/E/G ratio of 2.00 and a beta of 0.77.

Texas Roadhouse (NASDAQ:TXRH) last posted its quarterly earnings results 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 firm had revenue of $1.63 billion for the quarter, compared to the consensus estimate of $1.64 billion. During the same quarter in the previous year, the company earned $1.70 earnings per share. The business’s revenue was up 10.5% compared to the same quarter last year. On average, analysts anticipate that Texas Roadhouse will post 6.39 EPS for the current year.

Texas Roadhouse Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 2nd will be paid a $0.75 dividend. This represents a $3.00 annualized dividend and a dividend yield of 1.7%. The ex-dividend date is Tuesday, June 2nd. Texas Roadhouse’s payout ratio is currently 47.92%.

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.