Texas Roadhouse's (TXRH) Outperform Rating Reiterated at Wedbush

Wedbush restated their outperform rating on shares of Texas Roadhouse (NASDAQ:TXRH - Free Report) in a report released on Thursday,Benzinga reports. They currently have a $200.00 price objective on the restaurant operator's stock.

A number of other equities analysts have also recently issued reports on the stock. Guggenheim increased their price objective on shares of Texas Roadhouse from $190.00 to $195.00 and gave the company a "buy" rating in a research note on Wednesday, September 25th. Evercore ISI increased their target price on Texas Roadhouse from $195.00 to $200.00 and gave the stock an "outperform" rating in a report on Tuesday, October 15th. Royal Bank of Canada upped their price target on Texas Roadhouse from $175.00 to $185.00 and gave the company a "sector perform" 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 report on Friday, October 25th. Finally, Bank of America increased their target price on shares of Texas Roadhouse from $206.00 to $234.00 and gave the stock a "buy" rating in a research report on Tuesday, October 22nd. Thirteen equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $190.09.

Texas Roadhouse Stock Up 2.2 %

NASDAQ TXRH traded up $3.91 during trading on Thursday, hitting $182.86. The company's stock had a trading volume of 912,322 shares, compared to its average volume of 761,147. Texas Roadhouse has a 52 week low of $115.48 and a 52 week 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. The firm has a 50 day moving average price of $191.18 and a 200 day moving average price of $177.20.

Texas Roadhouse (NASDAQ:TXRH - Get Free Report) last announced its earnings results on Thursday, October 24th. The restaurant operator reported $1.26 earnings per share (EPS) 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 company had revenue of $1.27 billion for the quarter, compared to the consensus estimate of $1.27 billion. During the same period last year, the firm posted $0.95 EPS. The company's revenue was up 13.5% compared to the same quarter last year. On average, equities analysts expect that Texas Roadhouse will post 6.39 earnings per share for the current year.

Texas Roadhouse Dividend Announcement

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

Insider Activity

In other Texas Roadhouse news, Director Donna E. Epps sold 610 shares of the stock in a transaction on Monday, November 11th. The shares were sold at an average price of $195.66, for a total value of $119,352.60. Following the completion of the sale, the director now owns 3,532 shares in the company, valued at $691,071.12. This trade represents a 14.73 % decrease in their ownership of the stock. 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 dated Thursday, November 14th. The shares were sold at an average price of $202.26, for a total transaction of $303,390.00. Following the completion of the transaction, the chief technology officer now directly owns 16,342 shares of the company's stock, valued at approximately $3,305,332.92. This trade represents a 8.41 % decrease in their position. The disclosure for this sale can be found here. 0.50% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Texas Roadhouse

Hedge funds have recently bought and sold shares of the company. Kingsview Wealth Management LLC raised its position in shares of Texas Roadhouse by 3.1% in the third quarter. Kingsview Wealth Management LLC now owns 1,771 shares of the restaurant operator's stock valued at $313,000 after purchasing an additional 54 shares during the period. CIBC Asset Management Inc lifted its position in Texas Roadhouse by 3.3% during the third quarter. CIBC Asset Management Inc now owns 1,952 shares of the restaurant operator's stock worth $345,000 after acquiring an additional 62 shares during the last quarter. Insight Wealth Partners LLC lifted its position in Texas Roadhouse by 3.9% during the third quarter. Insight Wealth Partners LLC now owns 1,818 shares of the restaurant operator's stock worth $321,000 after acquiring an additional 68 shares during the last quarter. PSI Advisors LLC boosted its holdings in shares of Texas Roadhouse by 70.8% during the third quarter. PSI Advisors LLC now owns 181 shares of the restaurant operator's stock worth $32,000 after acquiring an additional 75 shares during the period. Finally, Angeles Wealth Management LLC grew its position in shares of Texas Roadhouse by 5.4% in the third quarter. Angeles Wealth Management LLC now owns 1,469 shares of the restaurant operator's stock valued at $259,000 after purchasing an additional 75 shares during the last quarter. 94.82% of the stock is currently owned by institutional investors and hedge funds.

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.