Texas Roadhouse, Inc. (NASDAQ:TXRH) Given Average Rating of “Hold” by Brokerages

Shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) have been given a consensus rating of “Hold” by the twenty-four ratings firms that are covering the stock, Marketbeat reports. Thirteen analysts have rated the stock with a hold recommendation and eleven have assigned a buy recommendation to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $196.0476.

A number of research analysts have issued reports on TXRH shares. Weiss Ratings reissued a “buy (b-)” rating on shares of Texas Roadhouse in a research note on Friday, May 29th. Morgan Stanley reaffirmed an “overweight” rating and set a $201.00 price target on shares of Texas Roadhouse in a research report on Friday, May 8th. Piper Sandler lifted their price objective on Texas Roadhouse from $190.00 to $192.00 and gave the company a “neutral” rating in a report on Monday, May 11th. Guggenheim reiterated a “buy” rating and issued a $210.00 price objective on shares of Texas Roadhouse in a research report on Monday, May 18th. Finally, Stifel Nicolaus increased their target price on Texas Roadhouse from $170.00 to $180.00 and gave the stock a “hold” rating in a research note on Tuesday, May 12th.

Texas Roadhouse Price Performance

Shares of TXRH stock opened at $197.55 on Friday. 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 has a 12-month low of $153.82 and a 12-month high of $197.91. The firm has a fifty day moving average of $180.15 and a 200-day moving average of $176.33. The firm has a market capitalization of $12.98 billion, a price-to-earnings ratio of 31.56, a price-to-earnings-growth ratio of 2.03 and a beta of 0.78.

Texas Roadhouse (NASDAQ:TXRH) last issued its quarterly earnings data on Thursday, May 7th. The restaurant operator reported $1.87 EPS for the quarter, topping the consensus estimate of $1.80 by $0.07. The business had revenue of $1.63 billion for the quarter, compared to the consensus estimate of $1.64 billion. Texas Roadhouse had a return on equity of 27.86% and a net margin of 6.85%.The firm’s revenue was up 10.5% compared to the same quarter last year. During the same quarter last year, the business posted $1.70 EPS. On average, equities research analysts forecast that Texas Roadhouse will post 6.44 earnings per share for the current year.

Texas Roadhouse Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 2nd were issued a $0.75 dividend. This represents a $3.00 annualized dividend and a dividend yield of 1.5%. The ex-dividend date was Tuesday, June 2nd. Texas Roadhouse’s dividend payout ratio is 47.92%.

Insider Buying and Selling

In related 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 directly owned 5,361 shares of the company’s stock, valued at approximately $981,331.05. The trade was a 33.00% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Christopher C. Colson sold 499 shares of the company’s stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $179.22, for a total transaction of $89,430.78. Following the completion of the transaction, the insider directly owned 14,500 shares of the company’s stock, valued at approximately $2,598,690. The trade was a 3.33% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 6,154 shares of company stock valued at $1,115,864. 0.50% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Texas Roadhouse

Large investors have recently added to or reduced their stakes in the company. Bank & Trust Co raised its stake in shares of Texas Roadhouse by 68.1% in the 2nd quarter. Bank & Trust Co now owns 306 shares of the restaurant operator’s stock valued at $59,000 after purchasing an additional 124 shares during the period. Ausbil Investment Management Ltd acquired a new position in shares of Texas Roadhouse during the second quarter worth about $1,537,000. Red Spruce Capital LLC grew its holdings in shares of Texas Roadhouse by 0.8% during the second quarter. Red Spruce Capital LLC now owns 22,192 shares of the restaurant operator’s stock worth $4,288,000 after buying an additional 180 shares in the last quarter. GAMMA Investing LLC raised its position in Texas Roadhouse by 16.6% in the 2nd quarter. GAMMA Investing LLC now owns 2,469 shares of the restaurant operator’s stock valued at $477,000 after buying an additional 351 shares during the last quarter. Finally, Harbor Investment Advisory LLC raised its position in Texas Roadhouse by 2.5% in the 2nd quarter. Harbor Investment Advisory LLC now owns 14,563 shares of the restaurant operator’s stock valued at $2,814,000 after buying an additional 349 shares during 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.