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

Texas Roadhouse, Inc. (NASDAQ:TXRH) has been given an average rating of “Hold” by the twenty-five ratings firms that are currently covering the firm, MarketBeat.com reports. Fourteen investment 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 price target among brokerages that have covered the stock in the last year is $196.3636.

TXRH has been the subject of a number of research analyst reports. Barclays dropped their price target on Texas Roadhouse from $188.00 to $175.00 and set an “equal weight” rating for the company in a research report on Friday, May 8th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $200.00 price objective on shares of Texas Roadhouse in a research note on Friday, May 8th. Wall Street Zen raised shares of Texas Roadhouse from a “sell” rating to a “hold” rating in a research note on Sunday, May 10th. JPMorgan Chase & Co. raised their price objective on shares of Texas Roadhouse from $182.00 to $188.00 and gave the stock a “neutral” rating in a research note on Thursday, May 14th. Finally, Wells Fargo & Company dropped their price objective on shares of Texas Roadhouse from $220.00 to $200.00 and set an “overweight” rating for the company in a research note on Thursday, April 16th.

Texas Roadhouse Stock Performance

Shares of TXRH stock opened at $177.75 on Monday. Texas Roadhouse has a fifty-two week low of $153.82 and a fifty-two week high of $197.00. The stock has a market cap of $11.68 billion, a P/E ratio of 28.39, a P/E/G ratio of 1.94 and a beta of 0.79. The business has a fifty day simple moving average of $169.31 and a 200-day simple moving average of $173.59. The company has a quick ratio of 0.40, a current ratio of 0.46 and a debt-to-equity ratio of 0.03.

Texas Roadhouse (NASDAQ:TXRH) last announced its quarterly earnings results on Thursday, May 7th. The restaurant operator reported $1.87 earnings per share for the quarter, beating analysts’ consensus estimates of $1.80 by $0.07. Texas Roadhouse had a return on equity of 27.86% and a net margin of 6.85%.The business had revenue of $1.63 billion during the quarter, compared to analysts’ expectations of $1.64 billion. During the same quarter last year, the business posted $1.70 earnings per share. The business’s revenue for the quarter was up 10.5% on a year-over-year basis. On average, analysts forecast that Texas Roadhouse will post 6.42 earnings per share for the current fiscal year.

Texas Roadhouse Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 2nd will be paid a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date of this dividend is Tuesday, June 2nd. Texas Roadhouse’s dividend payout ratio (DPR) is 47.92%.

Insider Buying and Selling at Texas Roadhouse

In related news, Director Gregory N. Moore sold 1,250 shares of Texas Roadhouse stock in a transaction dated Monday, May 11th. The stock was sold at an average price of $178.14, for a total transaction of $222,675.00. Following the completion of the sale, the director owned 30,900 shares in the company, valued at approximately $5,504,526. This trade represents a 3.89% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Jane Grote Abell sold 339 shares of Texas Roadhouse stock in a transaction dated Monday, May 18th. The stock was sold at an average price of $177.43, for a total value of $60,148.77. Following the sale, the director owned 2,161 shares of the company’s stock, valued at approximately $383,426.23. This represents a 13.56% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 5,728 shares of company stock worth $1,033,847. 0.50% of the stock is currently owned by insiders.

Institutional Trading of Texas Roadhouse

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Capital World Investors grew its stake in Texas Roadhouse by 580.2% in the 3rd quarter. Capital World Investors now owns 2,236,885 shares of the restaurant operator’s stock worth $371,658,000 after acquiring an additional 1,908,033 shares during the period. Balyasny Asset Management L.P. purchased a new stake in Texas Roadhouse in the 3rd quarter worth approximately $157,310,000. Wellington Management Group LLP grew its stake in Texas Roadhouse by 228.4% in the 4th quarter. Wellington Management Group LLP now owns 1,329,052 shares of the restaurant operator’s stock worth $220,623,000 after acquiring an additional 924,306 shares during the period. Norges Bank purchased a new stake in Texas Roadhouse in the 4th quarter worth approximately $145,734,000. Finally, Victory Capital Management Inc. grew its stake in Texas Roadhouse by 770.6% in the 3rd quarter. Victory Capital Management Inc. now owns 972,251 shares of the restaurant operator’s stock worth $161,540,000 after acquiring an additional 860,571 shares during the period. Hedge funds and other institutional investors own 94.82% of the company’s stock.

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.