Texas Roadhouse, Inc. (NASDAQ:TXRH) Receives Average Recommendation of "Moderate Buy" from Brokerages

Shares of Texas Roadhouse, Inc. (NASDAQ:TXRH - Get Free Report) have received an average rating of "Moderate Buy" from the twenty-three brokerages that are presently covering the company, MarketBeat reports. Eleven analysts have rated the stock with a hold recommendation and twelve have issued a buy recommendation on the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $192.73.

A number of equities analysts have recently weighed in on TXRH shares. Gordon Haskett cut Texas Roadhouse from a "buy" rating to a "hold" rating and set a $192.00 price target for the company. in a report on Wednesday, January 8th. Wedbush dropped their price objective on Texas Roadhouse from $220.00 to $200.00 and set an "outperform" rating on the stock in a report on Friday, February 21st. Barclays reduced their target price on shares of Texas Roadhouse from $194.00 to $178.00 and set an "equal weight" rating for the company in a report on Friday, February 21st. Stifel Nicolaus dropped their price objective on shares of Texas Roadhouse from $185.00 to $172.00 and set a "hold" rating on the stock in a research note on Friday, February 21st. Finally, The Goldman Sachs Group initiated coverage on Texas Roadhouse in a report on Thursday, December 5th. They issued a "neutral" rating and a $213.00 target price for the company.

Insider Activity at Texas Roadhouse

In other news, insider Christopher C. Colson sold 1,370 shares of the stock in a transaction dated Friday, January 10th. The shares were sold at an average price of $179.46, for a total value of $245,860.20. Following the completion of the transaction, the insider now owns 10,000 shares of the company's stock, valued at approximately $1,794,600. This represents a 12.05 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Curtis Warfield sold 4,190 shares of the company's stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $178.80, for a total transaction of $749,172.00. Following the transaction, the director now owns 10,082 shares of the company's stock, valued at $1,802,661.60. This trade represents a 29.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 17,905 shares of company stock worth $3,198,367. Company insiders own 0.50% of the company's stock.

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Institutional Investors Weigh In On Texas Roadhouse

Several institutional investors have recently bought and sold shares of TXRH. Hantz Financial Services Inc. raised its holdings in Texas Roadhouse by 8,594.4% during the 3rd quarter. Hantz Financial Services Inc. now owns 3,130 shares of the restaurant operator's stock valued at $553,000 after acquiring an additional 3,094 shares during the period. Massachusetts Financial Services Co. MA purchased a new position in Texas Roadhouse in the 3rd quarter worth $17,853,000. Victory Capital Management Inc. lifted its stake 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 worth $11,962,000 after purchasing an additional 44,768 shares during the last quarter. Chase Investment Counsel Corp purchased a new stake in Texas Roadhouse during the fourth quarter valued at about $316,000. Finally, First Hawaiian Bank purchased a new position in shares of Texas Roadhouse in the fourth quarter worth about $1,554,000. Institutional investors own 94.82% of the company's stock.

Texas Roadhouse Price Performance

Texas Roadhouse stock traded down $2.74 during mid-day trading on Tuesday, reaching $176.49. 525,499 shares of the company traded hands, compared to its average volume of 1,150,848. The firm's fifty day moving average is $178.62 and its two-hundred day moving average is $180.82. Texas Roadhouse has a fifty-two week low of $146.75 and a fifty-two week high of $206.04. The company has a market capitalization of $11.77 billion, a price-to-earnings ratio of 27.22, a price-to-earnings-growth ratio of 1.23 and a beta of 1.02.

Texas Roadhouse (NASDAQ:TXRH - Get Free Report) last released its quarterly earnings results on Thursday, February 20th. The restaurant operator reported $1.73 earnings per share for the quarter, topping analysts' consensus estimates of $1.66 by $0.07. Texas Roadhouse had a return on equity of 34.02% and a net margin of 8.07%. The company had revenue of $1.44 billion during the quarter, compared to analysts' expectations of $1.41 billion. As a group, equities research analysts predict that Texas Roadhouse will post 7.23 earnings per share for the current year.

Texas Roadhouse Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Tuesday, March 18th will be given a dividend of $0.68 per share. This represents a $2.72 dividend on an annualized basis and a dividend yield of 1.54%. The ex-dividend date of this dividend is Tuesday, March 18th. This is a positive change from Texas Roadhouse's previous quarterly dividend of $0.61. Texas Roadhouse's dividend payout ratio is presently 42.04%.

Texas Roadhouse Company Profile

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.