Texas Roadhouse, Inc. (NASDAQ:TXRH) Receives $193.36 Average PT from Analysts

Texas Roadhouse, Inc. (NASDAQ:TXRH - Get Free Report) has received an average rating of "Moderate Buy" from the twenty-three research firms that are covering the firm, MarketBeat Ratings reports. Eleven investment analysts have rated the stock with a hold recommendation and twelve have issued a buy recommendation on the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $193.36.

A number of research analysts have recently weighed in on the company. Gordon Haskett downgraded Texas Roadhouse from a "buy" rating to a "hold" rating and set a $192.00 price target on the stock. in a report on Wednesday, January 8th. Stifel Nicolaus lowered their target price on Texas Roadhouse from $185.00 to $172.00 and set a "hold" rating on the stock in a research note on Friday, February 21st. Morgan Stanley raised shares of Texas Roadhouse from an "equal weight" rating to an "overweight" rating and increased their price target for the stock from $205.00 to $213.00 in a research report on Tuesday, January 21st. Barclays lowered their price objective on shares of Texas Roadhouse from $194.00 to $178.00 and set an "equal weight" rating on the stock in a research report on Friday, February 21st. Finally, Guggenheim cut their target price on shares of Texas Roadhouse from $205.00 to $200.00 and set a "buy" rating for the company in a research report on Thursday, February 27th.

Insider Buying and Selling at Texas Roadhouse

In other news, President Regina A. Tobin sold 3,154 shares of the stock in a transaction on Wednesday, March 5th. The shares were 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 owns 18,414 shares in the company, valued at approximately $3,418,374.96. This represents a 14.62 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Christopher C. Colson sold 1,370 shares of Texas Roadhouse stock in a transaction dated Friday, January 10th. The shares were sold at an average price of $179.46, for a total transaction of $245,860.20. Following the sale, the insider now owns 10,000 shares in the company, valued at approximately $1,794,600. This trade represents a 12.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 17,905 shares of company stock valued at $3,198,367 in the last ninety days. Company insiders own 0.50% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in TXRH. True Wealth Design LLC acquired a new position in shares of Texas Roadhouse in the 3rd quarter worth approximately $30,000. Mirae Asset Global Investments Co. Ltd. bought a new stake in Texas Roadhouse in the fourth quarter valued at $30,000. Coppell Advisory Solutions LLC raised its stake in Texas Roadhouse by 56.8% during the fourth quarter. Coppell Advisory Solutions LLC now owns 196 shares of the restaurant operator's stock worth $35,000 after acquiring an additional 71 shares in the last quarter. SBI Securities Co. Ltd. acquired a new position in Texas Roadhouse during the fourth quarter worth $36,000. Finally, MassMutual Private Wealth & Trust FSB lifted its holdings in shares of Texas Roadhouse by 32.2% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 267 shares of the restaurant operator's stock valued at $48,000 after acquiring an additional 65 shares during the period. Institutional investors own 94.82% of the company's stock.

Texas Roadhouse Price Performance

Shares of NASDAQ TXRH traded up $3.30 during mid-day trading on Friday, reaching $172.22. 769,696 shares of the company traded hands, compared to its average volume of 842,775. The firm has a market cap of $11.44 billion, a PE ratio of 26.62, a price-to-earnings-growth ratio of 1.23 and a beta of 1.00. Texas Roadhouse has a fifty-two week low of $146.75 and a fifty-two week high of $206.04. The stock has a fifty day simple moving average of $175.70 and a 200-day simple moving average of $181.78.

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

Texas Roadhouse Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Tuesday, March 18th were issued a dividend of $0.68 per share. The ex-dividend date was Tuesday, March 18th. This is a positive change from Texas Roadhouse's previous quarterly dividend of $0.61. This represents a $2.72 dividend on an annualized basis and a dividend yield of 1.58%. Texas Roadhouse's payout ratio is 42.04%.

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.