Texas Roadhouse, Inc. (NASDAQ:TXRH) Given Consensus Rating of "Hold" by Analysts

Texas Roadhouse, Inc. (NASDAQ:TXRH - Get Free Report) has received a consensus rating of "Hold" from the twenty-four research firms that are presently covering the firm, MarketBeat Ratings reports. Thirteen equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $190.09.

A number of brokerages recently commented on TXRH. Evercore ISI upped their target price on Texas Roadhouse from $195.00 to $200.00 and gave the company an "outperform" rating in a report on Tuesday, October 15th. Wedbush reaffirmed an "outperform" rating and issued a $200.00 target price on shares of Texas Roadhouse in a research report on Thursday. Truist Financial boosted their price target on shares of Texas Roadhouse from $202.00 to $207.00 and gave the company a "buy" rating in a research report on Friday, October 25th. Stifel Nicolaus lifted their price objective on Texas Roadhouse from $180.00 to $195.00 and gave the company a "hold" rating in a research report on Friday, October 25th. Finally, Barclays raised their target price on Texas Roadhouse from $160.00 to $175.00 and gave the company an "equal weight" rating in a research note on Friday, October 25th.

Texas Roadhouse Stock Performance

Shares of NASDAQ TXRH traded up $3.91 during mid-day trading on Thursday, hitting $182.86. The stock had a trading volume of 912,322 shares, compared to its average volume of 761,147. The business has a 50 day moving average price of $191.18 and a two-hundred day moving average price of $177.20. Texas Roadhouse has a 1 year low of $115.48 and a 1 year high of $206.04. The firm has a market cap of $12.20 billion, a P/E ratio of 31.42, a price-to-earnings-growth ratio of 1.59 and a beta of 0.98.

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

Texas Roadhouse Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Tuesday, December 10th will be given a dividend of $0.61 per share. The ex-dividend date of this dividend is Tuesday, December 10th. This represents a $2.44 annualized dividend and a yield of 1.33%. Texas Roadhouse's dividend payout ratio (DPR) is 41.92%.

Insider Buying and Selling at Texas Roadhouse

In related news, CTO Hernan E. Mujica sold 1,500 shares of the stock in a transaction dated Thursday, November 14th. The stock was sold at an average price of $202.26, for a total transaction of $303,390.00. Following the completion of the sale, the chief technology officer now owns 16,342 shares in the company, valued at approximately $3,305,332.92. This trade represents a 8.41 % 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 company's stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $195.66, for a total value of $119,352.60. Following the completion of the transaction, the director now owns 3,532 shares of the company's stock, valued at $691,071.12. The trade was a 14.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.50% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Texas Roadhouse

Hedge funds have recently modified their holdings of the stock. State Street Corp lifted its position in Texas Roadhouse by 2.0% during the third quarter. State Street Corp now owns 1,982,848 shares of the restaurant operator's stock valued at $350,171,000 after purchasing an additional 38,723 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of Texas Roadhouse by 1.5% in the 3rd quarter. Geode Capital Management LLC now owns 1,201,641 shares of the restaurant operator's stock valued at $212,261,000 after acquiring an additional 18,126 shares during the last quarter. Barclays PLC grew its position in Texas Roadhouse by 14.4% in the third quarter. Barclays PLC now owns 1,180,842 shares of the restaurant operator's stock worth $208,539,000 after acquiring an additional 148,462 shares in the last quarter. Geneva Capital Management LLC raised its position in Texas Roadhouse by 0.4% during the third quarter. Geneva Capital Management LLC now owns 922,405 shares of the restaurant operator's stock valued at $162,897,000 after purchasing an additional 3,584 shares during the period. Finally, AQR Capital Management LLC lifted its stake in shares of Texas Roadhouse by 22.3% in the 2nd quarter. AQR Capital Management LLC now owns 909,847 shares of the restaurant operator's stock valued at $156,230,000 after purchasing an additional 165,738 shares during the last quarter. Hedge funds and other institutional investors own 94.82% of the company's stock.

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.