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

Shares of Texas Roadhouse, Inc. (NASDAQ:TXRH - Get Free Report) have earned a consensus recommendation of "Hold" from the twenty-five analysts that are presently covering the firm, MarketBeat reports. Fourteen research analysts have rated the stock with a hold recommendation and eleven have assigned a buy recommendation to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $190.26.

Several equities analysts have weighed in on the company. Evercore ISI lifted their target price on Texas Roadhouse from $195.00 to $200.00 and gave the company an "outperform" rating in a research report on Tuesday, October 15th. Wedbush reaffirmed an "outperform" rating and set a $200.00 target price on shares of Texas Roadhouse in a research note on Thursday, December 19th. Morgan Stanley raised their price target on shares of Texas Roadhouse from $200.00 to $205.00 and gave the company an "equal weight" rating in a research report on Friday, October 25th. Royal Bank of Canada upped their price objective on Texas Roadhouse from $175.00 to $185.00 and gave the stock a "sector perform" rating in a research report on Friday, October 25th. Finally, Truist Financial lifted their target price on Texas Roadhouse from $207.00 to $209.00 and gave the company a "buy" rating in a report on Wednesday, January 8th.

Insiders Place Their Bets

In other Texas Roadhouse news, insider Christopher C. Colson sold 1,370 shares of Texas Roadhouse stock in a transaction on Friday, January 10th. The shares were sold at an average price of $179.46, for a total value of $245,860.20. Following the transaction, the insider now directly owns 10,000 shares in the company, valued at approximately $1,794,600. The trade was a 12.05 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Donna E. Epps sold 610 shares of the stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $195.66, for a total transaction of $119,352.60. Following the sale, the director now owns 3,532 shares of the company's stock, valued at $691,071.12. This trade represents a 14.73 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 3,480 shares of company stock valued at $668,603 over the last quarter. Company insiders own 0.50% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the stock. Kingsview Wealth Management LLC increased its stake in Texas Roadhouse by 3.1% in the 3rd quarter. Kingsview Wealth Management LLC now owns 1,771 shares of the restaurant operator's stock valued at $313,000 after buying an additional 54 shares during the period. CIBC Asset Management Inc increased its stake in shares of Texas Roadhouse by 3.3% during the third quarter. CIBC Asset Management Inc now owns 1,952 shares of the restaurant operator's stock worth $345,000 after acquiring an additional 62 shares during the period. Insight Wealth Partners LLC raised its holdings in Texas Roadhouse by 3.9% during the third quarter. Insight Wealth Partners LLC now owns 1,818 shares of the restaurant operator's stock worth $321,000 after purchasing an additional 68 shares in the last quarter. PSI Advisors LLC lifted its position in Texas Roadhouse by 70.8% in the third quarter. PSI Advisors LLC now owns 181 shares of the restaurant operator's stock valued at $32,000 after purchasing an additional 75 shares during the period. Finally, Angeles Wealth Management LLC boosted its holdings in Texas Roadhouse by 5.4% in the 3rd quarter. Angeles Wealth Management LLC now owns 1,469 shares of the restaurant operator's stock valued at $259,000 after purchasing an additional 75 shares in the last quarter. Institutional investors and hedge funds own 94.82% of the company's stock.

Texas Roadhouse Stock Performance

NASDAQ:TXRH opened at $178.12 on Monday. Texas Roadhouse has a fifty-two week low of $115.48 and a fifty-two week high of $206.04. The company has a 50 day moving average price of $190.48 and a 200 day moving average price of $178.59. The stock has a market capitalization of $11.88 billion, a P/E ratio of 30.60, a PEG ratio of 1.59 and a beta of 1.01.

Texas Roadhouse (NASDAQ:TXRH - Get Free Report) last released its quarterly earnings results on Thursday, October 24th. The restaurant operator reported $1.26 EPS for the quarter, missing the consensus estimate of $1.32 by ($0.06). The firm had revenue of $1.27 billion for the quarter, compared to analysts' expectations of $1.27 billion. Texas Roadhouse had a return on equity of 31.33% and a net margin of 7.65%. The company's quarterly revenue was up 13.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.95 earnings per share. Research analysts forecast that Texas Roadhouse will post 6.39 earnings per share for the current fiscal year.

Texas Roadhouse Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Tuesday, December 10th were given a $0.61 dividend. The ex-dividend date of this dividend was Tuesday, December 10th. This represents a $2.44 dividend on an annualized basis and a dividend yield of 1.37%. Texas Roadhouse's dividend payout ratio (DPR) is presently 41.92%.

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.