Brokerages Set Texas Roadhouse, Inc. (NASDAQ:TXRH) Price Target at $157.77

Shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) have earned a consensus recommendation of “Hold” from the twenty-two ratings firms that are covering the company, Marketbeat Ratings reports. Twelve research analysts have rated the stock with a hold recommendation and ten have assigned a buy recommendation to the company. The average 1-year price target among analysts that have covered the stock in the last year is $157.77.

Several brokerages have commented on TXRH. Citigroup raised their price target on shares of Texas Roadhouse from $178.00 to $183.00 and gave the company a “buy” rating in a report on Friday, May 3rd. Barclays raised their price target on shares of Texas Roadhouse from $138.00 to $160.00 and gave the company an “equal weight” rating in a report on Friday, May 3rd. JPMorgan Chase & Co. raised their price target on shares of Texas Roadhouse from $145.00 to $184.00 and gave the company a “neutral” rating in a report on Tuesday, May 28th. Benchmark initiated coverage on shares of Texas Roadhouse in a research report on Wednesday, April 10th. They set a “hold” rating on the stock. Finally, BMO Capital Markets raised their price objective on shares of Texas Roadhouse from $130.00 to $145.00 and gave the company a “market perform” rating in a research report on Friday, May 3rd.

Insider Buying and Selling at Texas Roadhouse

In other Texas Roadhouse news, Director Curtis Warfield sold 1,025 shares of the business’s stock in a transaction dated Wednesday, May 8th. The shares were sold at an average price of $165.82, for a total value of $169,965.50. Following the transaction, the director now owns 12,372 shares in the company, valued at $2,051,525.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, CTO Hernan E. Mujica sold 3,000 shares of Texas Roadhouse stock in a transaction dated Monday, May 20th. The shares were sold at an average price of $168.60, for a total transaction of $505,800.00. Following the sale, the chief technology officer now owns 17,842 shares of the company’s stock, valued at approximately $3,008,161.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Curtis Warfield sold 1,025 shares of Texas Roadhouse stock in a transaction dated Wednesday, May 8th. The shares were sold at an average price of $165.82, for a total transaction of $169,965.50. Following the sale, the director now directly owns 12,372 shares in the company, valued at approximately $2,051,525.04. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 19,025 shares of company stock worth $3,251,266. 0.50% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Texas Roadhouse

A number of large investors have recently modified their holdings of TXRH. Envestnet Asset Management Inc. boosted its stake in shares of Texas Roadhouse by 47.8% during the 3rd quarter. Envestnet Asset Management Inc. now owns 146,941 shares of the restaurant operator’s stock valued at $14,121,000 after purchasing an additional 47,502 shares in the last quarter. Operose Advisors LLC bought a new stake in shares of Texas Roadhouse during the 3rd quarter valued at about $28,000. Treasurer of the State of North Carolina boosted its stake in shares of Texas Roadhouse by 0.5% during the 3rd quarter. Treasurer of the State of North Carolina now owns 29,360 shares of the restaurant operator’s stock valued at $2,821,000 after purchasing an additional 150 shares in the last quarter. Qube Research & Technologies Ltd boosted its stake in shares of Texas Roadhouse by 60.9% during the 3rd quarter. Qube Research & Technologies Ltd now owns 777,893 shares of the restaurant operator’s stock valued at $74,756,000 after purchasing an additional 294,425 shares in the last quarter. Finally, Bamco Inc. NY boosted its stake in shares of Texas Roadhouse by 16.9% during the 3rd quarter. Bamco Inc. NY now owns 296,213 shares of the restaurant operator’s stock valued at $28,466,000 after purchasing an additional 42,755 shares in the last quarter. Institutional investors own 94.82% of the company’s stock.

Texas Roadhouse Trading Down 1.4 %

TXRH opened at $171.71 on Thursday. The company has a 50 day moving average of $167.10 and a 200 day moving average of $147.33. The company has a market cap of $11.47 billion, a PE ratio of 34.76, a price-to-earnings-growth ratio of 1.69 and a beta of 1.00. Texas Roadhouse has a 12 month low of $91.06 and a 12 month high of $175.72.

Texas Roadhouse (NASDAQ:TXRH) last announced its quarterly earnings results on Thursday, May 2nd. The restaurant operator reported $1.69 EPS for the quarter, beating the consensus estimate of $1.65 by $0.04. Texas Roadhouse had a net margin of 6.94% and a return on equity of 28.85%. The firm had revenue of $1.32 billion during the quarter, compared to the consensus estimate of $1.32 billion. During the same period last year, the firm earned $1.28 EPS. The business’s quarterly revenue was up 12.5% compared to the same quarter last year. Research analysts forecast that Texas Roadhouse will post 6.02 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, June 25th. Shareholders of record on Wednesday, June 12th were given a $0.61 dividend. This represents a $2.44 dividend on an annualized basis and a dividend yield of 1.42%. The ex-dividend date was Wednesday, June 12th. Texas Roadhouse’s payout ratio is 49.39%.

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.