Texas Roadhouse, Inc. (NASDAQ:TXRH) Given Consensus Recommendation of "Hold" by Brokerages

Texas Roadhouse, Inc. (NASDAQ:TXRH - Get Free Report) has been given an average rating of "Hold" by the twenty-two research firms that are currently covering the company, MarketBeat reports. Twelve analysts have rated the stock with a hold recommendation and ten have given a buy recommendation to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $169.86.

Several analysts have issued reports on TXRH shares. Wells Fargo & Company boosted their price objective on Texas Roadhouse from $165.00 to $175.00 and gave the stock an "equal weight" rating in a report on Friday, July 26th. Morgan Stanley upped their price target on shares of Texas Roadhouse from $155.00 to $162.00 and gave the company an "equal weight" rating in a research report on Tuesday, July 16th. Royal Bank of Canada increased their target price on Texas Roadhouse from $165.00 to $175.00 and gave the company a "sector perform" rating in a report on Friday, June 7th. Citigroup lifted their price target on Texas Roadhouse from $178.00 to $183.00 and gave the company a "buy" rating in a report on Friday, May 3rd. Finally, Barclays increased their price objective on Texas Roadhouse from $138.00 to $160.00 and gave the stock an "equal weight" rating in a research note on Friday, May 3rd.

Texas Roadhouse Stock Performance

NASDAQ TXRH traded down $2.74 on Friday, reaching $167.26. The company's stock had a trading volume of 723,214 shares, compared to its average volume of 799,172. The firm's 50 day moving average is $169.55 and its two-hundred day moving average is $159.08. The stock has a market cap of $11.15 billion, a PE ratio of 33.86, a PEG ratio of 1.52 and a beta of 1.01. Texas Roadhouse has a twelve month low of $91.06 and a twelve month high of $177.72.

Texas Roadhouse (NASDAQ:TXRH - Get Free Report) last released its earnings results on Thursday, July 25th. The restaurant operator reported $1.79 EPS for the quarter, beating the consensus estimate of $1.64 by $0.15. The business had revenue of $1.34 billion during the quarter, compared to analyst estimates of $1.34 billion. Texas Roadhouse had a net margin of 7.47% and a return on equity of 30.94%. The business's quarterly revenue was up 14.5% on a year-over-year basis. During the same period in the prior year, the business earned $1.22 earnings per share. Equities research analysts anticipate that Texas Roadhouse will post 6.32 EPS for the current fiscal year.

Texas Roadhouse Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 24th. Stockholders of record on Wednesday, September 4th will be issued a dividend of $0.61 per share. This represents a $2.44 dividend on an annualized basis and a dividend yield of 1.46%. The ex-dividend date is Wednesday, September 4th. Texas Roadhouse's payout ratio is 49.39%.

Insider Activity

In other Texas Roadhouse news, CTO Hernan E. Mujica sold 3,000 shares of the firm's stock in a transaction dated Monday, May 20th. The shares were 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 can be accessed through the SEC website. In related news, CEO Gerald L. Morgan sold 15,000 shares of the stock in a transaction dated 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 owns 77,847 shares in the company, valued at approximately $13,366,329.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CTO Hernan E. Mujica sold 3,000 shares of the company's stock in a transaction dated Monday, May 20th. The stock was sold at an average price of $168.60, for a total transaction of $505,800.00. Following the sale, the chief technology officer now directly owns 17,842 shares in the company, valued at $3,008,161.20. The disclosure for this sale can be found here. 0.50% of the stock is owned by company insiders.

Institutional Trading of Texas Roadhouse

A number of hedge funds and other institutional investors have recently made changes to their positions in TXRH. LRI Investments LLC acquired a new stake in Texas Roadhouse in the 1st quarter valued at about $25,000. Thurston Springer Miller Herd & Titak Inc. bought a new position in Texas Roadhouse in the 2nd quarter worth approximately $25,000. Hollencrest Capital Management acquired a new position in Texas Roadhouse during the 2nd quarter worth $25,000. McClarren Financial Advisors Inc. raised its position in shares of Texas Roadhouse by 4,175.0% during the second quarter. McClarren Financial Advisors Inc. now owns 171 shares of the restaurant operator's stock worth $29,000 after acquiring an additional 167 shares during the last quarter. Finally, Rise Advisors LLC bought a new stake in shares of Texas Roadhouse during the first quarter worth $32,000. 94.82% of the stock is currently owned by institutional investors and hedge funds.

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.