Analysts Set Texas Roadhouse, Inc. (NASDAQ:TXRH) PT at $190.26

Texas Roadhouse, Inc. (NASDAQ:TXRH - Get Free Report) has received a consensus recommendation of "Hold" from the twenty-five analysts that are covering the company, MarketBeat Ratings reports. Fourteen analysts have rated the stock with a hold rating and eleven have issued a buy rating on the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $190.91.

TXRH has been the subject of a number of analyst reports. Robert W. Baird lifted their target price on shares of Texas Roadhouse from $190.00 to $205.00 and gave the stock an "outperform" rating in a research note on Friday, October 25th. Guggenheim boosted their target price on shares of Texas Roadhouse from $190.00 to $195.00 and gave the company a "buy" rating in a research report on Wednesday, September 25th. Citigroup raised their price target on shares of Texas Roadhouse from $192.00 to $201.00 and gave the stock a "buy" rating in a report on Tuesday, October 1st. Barclays upped their price objective on shares of Texas Roadhouse from $160.00 to $175.00 and gave the company an "equal weight" rating in a report on Friday, October 25th. Finally, Royal Bank of Canada reissued a "sector perform" rating and set a $200.00 price objective on shares of Texas Roadhouse in a research report on Thursday.

Insider Activity

In related news, 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 completion of the sale, the director now directly owns 3,532 shares in the company, valued at $691,071.12. This represents a 14.73 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CTO Hernan E. Mujica sold 1,500 shares of Texas Roadhouse stock in a transaction that occurred on Thursday, November 14th. The stock was sold at an average price of $202.26, for a total value of $303,390.00. Following the completion of the transaction, the chief technology officer now directly owns 16,342 shares in the company, valued at $3,305,332.92. This trade represents a 8.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 3,480 shares of company stock worth $668,603. 0.50% of the stock is currently owned by insiders.

Institutional Trading of Texas Roadhouse

A number of institutional investors have recently made changes to their positions in TXRH. TD Asset Management Inc bought a new stake in Texas Roadhouse during the 2nd quarter valued at $275,000. Ashton Thomas Private Wealth LLC bought a new position in shares of Texas Roadhouse during the second quarter valued at about $47,000. American Century Companies Inc. boosted its holdings in shares of Texas Roadhouse by 6.4% during the second quarter. American Century Companies Inc. now owns 154,811 shares of the restaurant operator's stock worth $26,583,000 after purchasing an additional 9,288 shares during the period. Federated Hermes Inc. boosted its holdings in shares of Texas Roadhouse by 7.0% during the second quarter. Federated Hermes Inc. now owns 147,553 shares of the restaurant operator's stock worth $25,336,000 after purchasing an additional 9,618 shares during the period. Finally, Parallel Advisors LLC grew its stake in shares of Texas Roadhouse by 3.7% in the second quarter. Parallel Advisors LLC now owns 6,951 shares of the restaurant operator's stock worth $1,194,000 after purchasing an additional 248 shares during the last quarter. Hedge funds and other institutional investors own 94.82% of the company's stock.

Texas Roadhouse Trading Down 0.5 %

NASDAQ:TXRH traded down $0.97 during mid-day trading on Monday, hitting $178.32. 648,041 shares of the company's stock were exchanged, compared to its average volume of 839,444. Texas Roadhouse has a fifty-two week low of $117.13 and a fifty-two week high of $206.04. The firm has a market capitalization of $11.90 billion, a P/E ratio of 30.64, a PEG ratio of 1.34 and a beta of 1.01. The company has a 50 day simple moving average of $189.44 and a 200-day simple moving average of $178.69.

Texas Roadhouse (NASDAQ:TXRH - Get Free Report) last issued its quarterly earnings data on Thursday, October 24th. The restaurant operator reported $1.26 earnings per share for the quarter, missing the consensus estimate of $1.32 by ($0.06). The business had revenue of $1.27 billion during the quarter, compared to the consensus estimate of $1.27 billion. Texas Roadhouse had a return on equity of 31.33% and a net margin of 7.65%. The business's revenue for the quarter was up 13.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.95 EPS. As a group, analysts expect that Texas Roadhouse will post 6.4 earnings per share for the current 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 paid a $0.61 dividend. The ex-dividend date was Tuesday, December 10th. This represents a $2.44 dividend on an annualized basis and a yield of 1.37%. Texas Roadhouse's dividend payout ratio is presently 41.92%.

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.