Texas Roadhouse, Inc. (NASDAQ:TXRH) Receives $193.36 Consensus Price Target from Brokerages

Texas Roadhouse, Inc. (NASDAQ:TXRH - Get Free Report) has been given a consensus recommendation of "Moderate Buy" by the twenty-three ratings firms that are presently covering the firm, Marketbeat.com reports. Eleven research analysts have rated the stock with a hold recommendation and twelve have given a buy recommendation to the company. The average 1 year price target among analysts that have covered the stock in the last year is $193.36.

TXRH has been the subject of a number of research reports. Citigroup lifted their price target on Texas Roadhouse from $212.00 to $213.00 and gave the stock a "buy" rating in a research note on Friday, February 21st. Stifel Nicolaus lowered their price target on Texas Roadhouse from $185.00 to $172.00 and set a "hold" rating for the company in a report on Friday, February 21st. Guggenheim reduced their price objective on Texas Roadhouse from $205.00 to $200.00 and set a "buy" rating on the stock in a research note on Thursday, February 27th. Royal Bank of Canada lowered their target price on shares of Texas Roadhouse from $200.00 to $180.00 and set a "sector perform" rating for the company in a research note on Friday, February 21st. Finally, Stephens dropped their target price on shares of Texas Roadhouse from $186.00 to $180.00 and set an "equal weight" rating on the stock in a report on Friday, February 21st.

Texas Roadhouse Trading Down 2.6 %

NASDAQ TXRH traded down $4.42 during mid-day trading on Friday, reaching $166.63. 1,868,665 shares of the company's stock traded hands, compared to its average volume of 841,384. The company has a fifty day simple moving average of $176.36 and a 200-day simple moving average of $181.78. Texas Roadhouse has a 1-year low of $146.75 and a 1-year high of $206.04. The company has a market cap of $11.07 billion, a price-to-earnings ratio of 25.75, a P/E/G ratio of 1.23 and a beta of 1.00.

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Texas Roadhouse (NASDAQ:TXRH - Get Free Report) last posted its quarterly earnings results on Thursday, February 20th. The restaurant operator reported $1.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.66 by $0.07. Texas Roadhouse had a net margin of 8.07% and a return on equity of 34.02%. The firm had revenue of $1.44 billion for the quarter, compared to analysts' expectations of $1.41 billion. Equities research analysts forecast that Texas Roadhouse will post 7.23 earnings per share for the current fiscal year.

Texas Roadhouse Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Tuesday, March 18th will be issued a $0.68 dividend. This is a positive change from Texas Roadhouse's previous quarterly dividend of $0.61. The ex-dividend date is Tuesday, March 18th. This represents a $2.72 annualized dividend and a dividend yield of 1.63%. Texas Roadhouse's dividend payout ratio is 42.04%.

Insider Buying and Selling

In other news, Director Curtis Warfield sold 3,281 shares of the company's stock in a transaction on Tuesday, March 4th. The stock was sold at an average price of $183.67, for a total transaction of $602,621.27. Following the completion of the sale, the director now directly owns 6,801 shares of the company's stock, valued at $1,249,139.67. This represents a 32.54 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, President Regina A. Tobin sold 3,154 shares of Texas Roadhouse stock in a transaction dated Wednesday, March 5th. The stock was sold at an average price of $185.64, for a total value of $585,508.56. Following the completion of the transaction, the president now directly owns 18,414 shares in the company, valued at $3,418,374.96. This represents a 14.62 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 17,905 shares of company stock valued at $3,198,367 over the last three months. Company insiders own 0.50% of the company's stock.

Institutional Investors Weigh In On Texas Roadhouse

A number of large investors have recently made changes to their positions in TXRH. Hantz Financial Services Inc. increased its holdings in shares of Texas Roadhouse by 8,594.4% in the 3rd quarter. Hantz Financial Services Inc. now owns 3,130 shares of the restaurant operator's stock valued at $553,000 after purchasing an additional 3,094 shares during the period. Zions Bancorporation N.A. boosted its stake in shares of Texas Roadhouse by 19.5% during the 4th quarter. Zions Bancorporation N.A. now owns 13,152 shares of the restaurant operator's stock valued at $2,373,000 after buying an additional 2,144 shares during the period. KLP Kapitalforvaltning AS purchased a new position in shares of Texas Roadhouse during the 4th quarter valued at $2,959,000. Chase Investment Counsel Corp acquired a new position in Texas Roadhouse in the 4th quarter worth about $316,000. Finally, Raymond James Financial Inc. acquired a new position in Texas Roadhouse in the fourth quarter worth approximately $55,177,000. Institutional investors and hedge funds own 94.82% of the company's stock.

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.