Texas Roadhouse, Inc. (NASDAQ:TXRH) Stock Has Consensus Price Target of $206.77

Shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) have earned a consensus rating of “Moderate Buy” from the twenty-five analysts that are presently covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, nine have issued a hold recommendation, thirteen have assigned a buy recommendation and two have issued a strong buy recommendation on the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $206.32.

A number of research firms recently commented on TXRH. UBS Group lifted their price target on Texas Roadhouse from $210.00 to $235.00 and gave the stock a “buy” rating in a research note on Monday, August 3rd. Weiss Ratings upgraded Texas Roadhouse from a “buy (b-)” rating to a “buy (b)” rating in a research note on Wednesday, September 9th. Seaport Research Partners assumed coverage on Texas Roadhouse in a report on Wednesday, September 16th. They set a “buy” rating and a $195.00 target price on the stock. Barclays downgraded Texas Roadhouse from an “equal weight” rating to a “cautious” rating in a report on Wednesday, October 14th. Finally, JPMorgan Chase & Co. decreased their target price on Texas Roadhouse from $202.00 to $200.00 and set a “neutral” rating for the company in a research report on Tuesday, September 29th.

Insider Transactions at Texas Roadhouse

In other Texas Roadhouse news, Director Donna E. Epps sold 820 shares of the business’s stock in a transaction on Monday, August 17th. The shares were sold at an average price of $206.56, for a total transaction of $169,379.20. Following the completion of the sale, the director owned 4,042 shares in the company, valued at $834,915.52. The trade was a 16.87% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Hugh J. Carroll sold 650 shares of the stock in a transaction on Tuesday, August 25th. The stock was sold at an average price of $203.99, for a total transaction of $132,593.50. Following the sale, the director directly owned 2,883 shares in the company, valued at $588,103.17. This trade represents a 18.40% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 19,970 shares of company stock valued at $4,061,808 over the last quarter. Insiders own 0.50% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of TXRH. Signaturefd LLC boosted its holdings in shares of Texas Roadhouse by 3.3% in the 3rd quarter. Signaturefd LLC now owns 1,905 shares of the restaurant operator’s stock valued at $298,000 after buying an additional 61 shares during the period. Glenmede Trust Co. NA grew its position in shares of Texas Roadhouse by 3.9% during the 1st quarter. Glenmede Trust Co. NA now owns 1,815 shares of the restaurant operator’s stock valued at $300,000 after buying an additional 68 shares during the last quarter. Summitry LLC raised its stake in Texas Roadhouse by 1.9% during the first quarter. Summitry LLC now owns 4,140 shares of the restaurant operator’s stock worth $684,000 after acquiring an additional 76 shares during the period. Central Pacific Bank Trust Division raised its stake in Texas Roadhouse by 10.3% during the second quarter. Central Pacific Bank Trust Division now owns 860 shares of the restaurant operator’s stock worth $166,000 after acquiring an additional 80 shares during the period. Finally, Kesler Norman & Wride LLC raised its stake in Texas Roadhouse by 1.5% during the first quarter. Kesler Norman & Wride LLC now owns 5,471 shares of the restaurant operator’s stock worth $904,000 after acquiring an additional 82 shares during the period. 94.82% of the stock is currently owned by institutional investors.

Texas Roadhouse Trading Down 0.2%

NASDAQ TXRH opened at $182.52 on Friday. Texas Roadhouse has a 12 month low of $153.82 and a 12 month high of $216.30. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.46 and a quick ratio of 0.39. The company has a market capitalization of $11.98 billion, a price-to-earnings ratio of 29.20, a price-to-earnings-growth ratio of 1.98 and a beta of 0.80. The company’s fifty day moving average price is $174.19 and its two-hundred day moving average price is $179.15.

Texas Roadhouse (NASDAQ:TXRH) last released its earnings results on Thursday, August 6th. The restaurant operator reported $1.85 earnings per share for the quarter, topping the consensus estimate of $1.83 by $0.02. The company had revenue of $1.68 billion during the quarter, compared to the consensus estimate of $1.67 billion. Texas Roadhouse had a net margin of 6.63% and a return on equity of 27.20%. The company’s revenue was up 11.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.86 EPS. As a group, research analysts predict that Texas Roadhouse will post 6.48 earnings per share for the current fiscal year.

Texas Roadhouse Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 29th. Investors of record on Tuesday, September 1st were paid a dividend of $0.75 per share. The ex-dividend date was Tuesday, September 1st. This represents a $3.00 annualized dividend and a yield of 1.6%. Texas Roadhouse’s dividend payout ratio (DPR) is 48.00%.

Texas Roadhouse Company Profile

Texas Roadhouse, Inc (NASDAQ: TXRH) operates full-service casual dining restaurants under the Texas Roadhouse, Bubba’s 33 and Jaggers brands. Its restaurants serve made-from-scratch meals centered on hand-cut steaks, ribs, chicken, seafood, burgers and other American-style dishes, along with freshly baked rolls and a selection of beverages.

Founded in 1993, Texas Roadhouse began with its first restaurant in Clarksville, Indiana. The company’s restaurant network includes company-owned and franchised locations across the United States, as well as international locations.