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

Texas Roadhouse, Inc. (NASDAQ:TXRH) has received an average recommendation of “Hold” from the twenty-two research firms that are currently covering the company, Marketbeat reports. Twelve equities research analysts have rated the stock with a hold recommendation and ten have issued a buy recommendation on the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $157.86.

TXRH has been the subject of several analyst reports. Morgan Stanley raised their price target on shares of Texas Roadhouse from $145.00 to $155.00 and gave the company an “equal weight” rating in a report on Friday, May 3rd. Wells Fargo & Company boosted their target price on Texas Roadhouse from $140.00 to $165.00 and gave the stock an “equal weight” rating in a research report on Friday, May 3rd. Jefferies Financial Group raised their price target on Texas Roadhouse from $120.00 to $136.00 and gave the company a “hold” rating in a report on Tuesday, April 16th. JPMorgan Chase & Co. boosted their price objective on Texas Roadhouse from $145.00 to $184.00 and gave the stock a “neutral” rating in a report on Tuesday, May 28th. Finally, Stephens upped their price objective on shares of Texas Roadhouse from $150.00 to $164.00 and gave the stock an “equal weight” rating in a research report on Friday, May 3rd.

Texas Roadhouse Stock Performance

Shares of TXRH opened at $166.64 on Thursday. Texas Roadhouse has a 52-week low of $91.06 and a 52-week high of $175.72. The stock’s 50-day simple moving average is $167.86 and its 200 day simple moving average is $148.43. The stock has a market capitalization of $11.13 billion, a price-to-earnings ratio of 33.73, a price-to-earnings-growth ratio of 1.63 and a beta of 1.01.

Texas Roadhouse (NASDAQ:TXRH) last announced its quarterly earnings results on Thursday, May 2nd. The restaurant operator reported $1.69 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.65 by $0.04. The firm had revenue of $1.32 billion for the quarter, compared to the consensus estimate of $1.32 billion. Texas Roadhouse had a net margin of 6.94% and a return on equity of 28.85%. The company’s revenue for the quarter was up 12.5% on a year-over-year basis. During the same period in the prior year, the firm posted $1.28 earnings per share. On average, research analysts forecast that Texas Roadhouse will post 6.02 earnings per share for the current fiscal year.

Texas Roadhouse Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 25th. Shareholders of record on Wednesday, June 12th were paid a $0.61 dividend. The ex-dividend date was Wednesday, June 12th. This represents a $2.44 dividend on an annualized basis and a yield of 1.46%. Texas Roadhouse’s dividend payout ratio (DPR) is currently 49.39%.

Insider Activity

In related news, CEO Gerald L. Morgan sold 15,000 shares of the company’s stock in a transaction on Tuesday, May 28th. The shares were sold at an average price of $171.70, for a total transaction of $2,575,500.00. Following the completion of the sale, the chief executive officer now directly owns 77,847 shares in the company, valued at approximately $13,366,329.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, CTO Hernan E. Mujica sold 3,000 shares of the company’s stock in a transaction that occurred on Monday, May 20th. The stock was sold at an average price of $168.60, for a total transaction of $505,800.00. Following the completion of the transaction, the chief technology officer now owns 17,842 shares in the company, valued at $3,008,161.20. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Gerald L. Morgan sold 15,000 shares of the firm’s stock in a transaction on Tuesday, May 28th. The stock was sold at an average price of $171.70, for a total value of $2,575,500.00. Following the completion of the sale, the chief executive officer now directly owns 77,847 shares of the company’s stock, valued at approximately $13,366,329.90. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 19,025 shares of company stock valued at $3,251,266. 0.50% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in TXRH. Envestnet Asset Management Inc. raised its stake in Texas Roadhouse by 47.8% in the third quarter. Envestnet Asset Management Inc. now owns 146,941 shares of the restaurant operator’s stock worth $14,121,000 after buying an additional 47,502 shares in the last quarter. Operose Advisors LLC bought a new position in shares of Texas Roadhouse in the 3rd quarter worth approximately $28,000. Treasurer of the State of North Carolina boosted its position in shares of Texas Roadhouse by 0.5% during the third quarter. Treasurer of the State of North Carolina now owns 29,360 shares of the restaurant operator’s stock valued at $2,821,000 after purchasing an additional 150 shares in the last quarter. Qube Research & Technologies Ltd boosted its position in shares of Texas Roadhouse by 60.9% during the third quarter. Qube Research & Technologies Ltd now owns 777,893 shares of the restaurant operator’s stock valued at $74,756,000 after purchasing an additional 294,425 shares in the last quarter. Finally, Bamco Inc. NY grew its stake in Texas Roadhouse by 16.9% in the third quarter. Bamco Inc. NY now owns 296,213 shares of the restaurant operator’s stock worth $28,466,000 after purchasing an additional 42,755 shares during the period. 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.