Brokerages Set Texas Roadhouse, Inc. (NASDAQ:TXRH) Target Price at $191.62

Texas Roadhouse, Inc. (NASDAQ:TXRH) has earned a consensus rating of “Moderate Buy” from the twenty-one research firms that are currently covering the stock, Marketbeat.com reports. Ten analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $191.62.

TXRH has been the subject of a number of research analyst reports. JPMorgan Chase & Co. lowered their price target on Texas Roadhouse from $185.00 to $184.00 and set a “neutral” rating for the company in a report on Thursday, March 20th. Guggenheim decreased their target price on Texas Roadhouse from $205.00 to $200.00 and set a “buy” rating on the stock in a research note on Thursday, February 27th. UBS Group decreased their target price on Texas Roadhouse from $210.00 to $200.00 and set a “buy” rating on the stock in a research note on Monday, May 5th. Wedbush increased their target price on Texas Roadhouse from $200.00 to $210.00 and gave the stock an “outperform” rating in a research note on Friday, March 28th. Finally, Robert W. Baird set a $180.00 target price on Texas Roadhouse and gave the stock an “outperform” rating in a research note on Monday, April 7th.

Texas Roadhouse Trading Up 0.9%

NASDAQ TXRH opened at $188.73 on Friday. The stock has a market cap of $12.52 billion, a PE ratio of 29.17, a P/E/G ratio of 1.23 and a beta of 0.87. Texas Roadhouse has a twelve month low of $148.73 and a twelve month high of $206.04. The stock has a fifty day simple moving average of $170.76 and a 200-day simple moving average of $179.57.

Texas Roadhouse (NASDAQ:TXRH) last released its quarterly earnings results on Thursday, May 8th. The restaurant operator reported $1.70 earnings per share for the quarter, missing analysts’ consensus estimates of $1.75 by ($0.05). The business had revenue of $1.45 billion for the quarter, compared to analysts’ expectations of $1.44 billion. Texas Roadhouse had a return on equity of 34.02% and a net margin of 8.07%. The business’s revenue for the quarter was up 11.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.69 earnings per share. Research analysts predict that Texas Roadhouse will post 7.23 EPS for the current year.

Texas Roadhouse Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 1st. Stockholders of record on Tuesday, June 3rd will be given a dividend of $0.68 per share. This represents a $2.72 annualized dividend and a dividend yield of 1.44%. The ex-dividend date of this dividend is Tuesday, June 3rd. Texas Roadhouse’s dividend payout ratio (DPR) is presently 41.98%.

Insider Transactions at Texas Roadhouse

In other news, insider Christopher C. Colson sold 580 shares of the firm’s stock in a transaction dated Friday, February 28th. The stock was sold at an average price of $181.94, for a total transaction of $105,525.20. Following the sale, the insider now owns 12,000 shares of the company’s stock, valued at approximately $2,183,280. This trade represents a 4.61% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CTO Hernan E. Mujica sold 2,050 shares of the firm’s stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $170.66, for a total value of $349,853.00. Following the sale, the chief technology officer now directly owns 17,162 shares in the company, valued at $2,928,866.92. This trade represents a 10.67% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 17,535 shares of company stock valued at $3,140,127. Corporate insiders own 0.50% of the company’s stock.

Institutional Investors Weigh In On Texas Roadhouse

Several hedge funds and other institutional investors have recently made changes to their positions in the business. WBI Investments LLC acquired a new stake in shares of Texas Roadhouse during the 1st quarter worth about $247,000. Geneos Wealth Management Inc. grew its stake in Texas Roadhouse by 36.0% during the 1st quarter. Geneos Wealth Management Inc. now owns 419 shares of the restaurant operator’s stock worth $70,000 after buying an additional 111 shares during the last quarter. Focus Partners Wealth grew its stake in Texas Roadhouse by 23.3% during the 1st quarter. Focus Partners Wealth now owns 6,124 shares of the restaurant operator’s stock worth $1,020,000 after buying an additional 1,157 shares during the last quarter. Advisory Alpha LLC grew its stake in Texas Roadhouse by 3.0% during the 1st quarter. Advisory Alpha LLC now owns 2,063 shares of the restaurant operator’s stock worth $344,000 after buying an additional 60 shares during the last quarter. Finally, Bayforest Capital Ltd grew its stake in Texas Roadhouse by 182.0% during the 1st quarter. Bayforest Capital Ltd now owns 1,461 shares of the restaurant operator’s stock worth $243,000 after buying an additional 943 shares during the last quarter. Institutional investors and hedge funds 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.