Texas Roadhouse, Inc. (NASDAQ:TXRH) Receives $190.26 Average Price Target from Brokerages

Shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) have received an average rating of “Hold” from the twenty-five analysts that are presently covering the firm, Marketbeat Ratings reports. Fourteen research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $190.91.

A number of research firms have commented on TXRH. Stifel Nicolaus raised their target price on shares of Texas Roadhouse from $180.00 to $195.00 and gave the stock a “hold” rating in a research note on Friday, October 25th. Robert W. Baird lifted their price objective on shares of Texas Roadhouse from $190.00 to $205.00 and gave the company an “outperform” rating in a research report on Friday, October 25th. Truist Financial lifted their price objective on shares of Texas Roadhouse from $207.00 to $209.00 and gave the company a “buy” rating in a research report on Wednesday, January 8th. Loop Capital reduced their price objective on shares of Texas Roadhouse from $215.00 to $209.00 and set a “buy” rating on the stock in a research report on Monday, October 28th. Finally, Wedbush reiterated an “outperform” rating and set a $200.00 price objective on shares of Texas Roadhouse in a research report on Thursday, December 19th.

Texas Roadhouse Trading Up 0.4 %

NASDAQ TXRH opened at $178.95 on Monday. Texas Roadhouse has a 12 month low of $117.98 and a 12 month high of $206.04. The stock has a market cap of $11.94 billion, a price-to-earnings ratio of 30.75, a PEG ratio of 1.34 and a beta of 1.01. The company’s 50 day moving average is $189.06 and its two-hundred day moving average is $178.75.

Texas Roadhouse (NASDAQ:TXRH) last released its earnings results on Thursday, October 24th. The restaurant operator reported $1.26 EPS for the quarter, missing analysts’ consensus estimates of $1.32 by ($0.06). Texas Roadhouse had a return on equity of 31.33% and a net margin of 7.65%. The firm had revenue of $1.27 billion for the quarter, compared to the consensus estimate of $1.27 billion. During the same quarter in the previous year, the business posted $0.95 EPS. Texas Roadhouse’s revenue was up 13.5% on a year-over-year basis. Sell-side analysts forecast that Texas Roadhouse will post 6.4 EPS for the current year.

Texas Roadhouse Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 10th were given a dividend of $0.61 per share. The ex-dividend date of this dividend was Tuesday, December 10th. This represents a $2.44 annualized dividend and a dividend yield of 1.36%. Texas Roadhouse’s dividend payout ratio (DPR) is 41.92%.

Insider Transactions at Texas Roadhouse

In related news, insider Christopher C. Colson sold 1,370 shares of Texas Roadhouse stock in a transaction dated Friday, January 10th. The stock was sold at an average price of $179.46, for a total value of $245,860.20. Following the completion of the sale, the insider now directly owns 10,000 shares in the company, valued at $1,794,600. The trade was a 12.05 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Donna E. Epps sold 610 shares of Texas Roadhouse stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $195.66, for a total value of $119,352.60. Following the completion of the sale, the director now owns 3,532 shares of the company’s stock, valued at $691,071.12. The trade was a 14.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 3,480 shares of company stock worth $668,603. 0.50% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Texas Roadhouse

Large investors have recently added to or reduced their stakes in the company. Hantz Financial Services Inc. boosted its position in Texas Roadhouse by 8,594.4% in the third quarter. Hantz Financial Services Inc. now owns 3,130 shares of the restaurant operator’s stock valued at $553,000 after buying an additional 3,094 shares during the last quarter. Massachusetts Financial Services Co. MA purchased a new stake in Texas Roadhouse in the third quarter valued at approximately $17,853,000. Victory Capital Management Inc. boosted its position in Texas Roadhouse by 194.9% in the third quarter. Victory Capital Management Inc. now owns 67,733 shares of the restaurant operator’s stock valued at $11,962,000 after buying an additional 44,768 shares during the last quarter. Thrivent Financial for Lutherans boosted its position in Texas Roadhouse by 0.9% in the third quarter. Thrivent Financial for Lutherans now owns 483,045 shares of the restaurant operator’s stock valued at $85,306,000 after buying an additional 4,391 shares during the last quarter. Finally, First Hawaiian Bank purchased a new stake in Texas Roadhouse in the fourth quarter valued at approximately $1,554,000. 94.82% of the stock is currently owned by institutional investors.

About Texas Roadhouse

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.