Texas Roadhouse, Inc. (NASDAQ:TXRH) Receives Consensus Rating of “Hold” from Brokerages

Texas Roadhouse, Inc. (NASDAQ:TXRH) has received a consensus recommendation of “Hold” from the twenty-three research firms that are presently covering the stock, Marketbeat.com reports. Twelve analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $189.00.

A number of equities research analysts have commented on TXRH shares. Morgan Stanley raised their price target on Texas Roadhouse from $200.00 to $205.00 and gave the company an “equal weight” rating in a report on Friday, October 25th. Evercore ISI lifted their target price on Texas Roadhouse from $195.00 to $200.00 and gave the company an “outperform” rating in a research note on Tuesday, October 15th. Wedbush upped their price target on Texas Roadhouse from $190.00 to $200.00 and gave the stock an “outperform” rating in a research note on Friday, October 25th. Loop Capital reduced their price objective on shares of Texas Roadhouse from $215.00 to $209.00 and set a “buy” rating on the stock in a research report on Monday, October 28th. Finally, Royal Bank of Canada boosted their target price on shares of Texas Roadhouse from $175.00 to $185.00 and gave the stock a “sector perform” rating in a report on Friday, October 25th.

Texas Roadhouse Stock Down 1.9 %

TXRH stock opened at $187.52 on Wednesday. The business’s 50-day moving average price is $174.66 and its 200-day moving average price is $170.05. The stock has a market cap of $12.50 billion, a P/E ratio of 32.22, a PEG ratio of 1.63 and a beta of 0.98. Texas Roadhouse has a twelve month low of $101.73 and a twelve month high of $196.29.

Texas Roadhouse (NASDAQ:TXRH) last posted its quarterly 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). The firm 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 quarter in the previous year, the company earned $0.95 earnings per share. On average, equities research analysts expect that Texas Roadhouse will post 6.37 earnings per share for the current fiscal year.

Texas Roadhouse Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 24th. Investors of record on Wednesday, September 4th were issued a dividend of $0.61 per share. The ex-dividend date of this dividend was Wednesday, September 4th. This represents a $2.44 annualized dividend and a yield of 1.30%. Texas Roadhouse’s payout ratio is 41.92%.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the business. LRI Investments LLC bought a new stake in shares of Texas Roadhouse during the 1st quarter worth approximately $25,000. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of Texas Roadhouse during the second quarter valued at $25,000. Hollencrest Capital Management bought a new position in shares of Texas Roadhouse in the second quarter worth about $25,000. McClarren Financial Advisors Inc. increased its stake in Texas Roadhouse by 4,175.0% in the 2nd quarter. McClarren Financial Advisors Inc. now owns 171 shares of the restaurant operator’s stock worth $29,000 after buying an additional 167 shares during the period. Finally, PSI Advisors LLC lifted its holdings in Texas Roadhouse by 70.8% during the 3rd quarter. PSI Advisors LLC now owns 181 shares of the restaurant operator’s stock valued at $32,000 after buying an additional 75 shares in the last quarter. Hedge funds and other institutional investors own 94.82% of the company’s stock.

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.