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

Texas Roadhouse, Inc. (NASDAQ:TXRH) has been given an average rating of “Hold” by the twenty-three brokerages that are currently covering the firm, Marketbeat Ratings reports. Twelve analysts have rated the stock with a hold recommendation and eleven have issued a buy recommendation on the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $189.00.

Several analysts have commented on the stock. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Texas Roadhouse from $190.00 to $193.00 and gave the stock a “buy” rating in a research note on Tuesday, July 16th. Citigroup lifted their target price on shares of Texas Roadhouse from $192.00 to $201.00 and gave the stock a “buy” rating in a research note on Tuesday, October 1st. BMO Capital Markets lifted their target price on shares of Texas Roadhouse from $155.00 to $162.00 and gave the stock a “market perform” rating in a research note on Friday, October 25th. Guggenheim boosted 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. Finally, Barclays boosted their price objective on shares of Texas Roadhouse from $160.00 to $175.00 and gave the company an “equal weight” rating in a research note on Friday, October 25th.

Hedge Funds Weigh In On Texas Roadhouse

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Ontario Teachers Pension Plan Board acquired a new position in Texas Roadhouse in the 1st quarter worth $2,338,000. Mirae Asset Global Investments Co. Ltd. acquired a new position in Texas Roadhouse in the 1st quarter worth $4,522,000. Sei Investments Co. lifted its holdings in Texas Roadhouse by 31.6% in the 1st quarter. Sei Investments Co. now owns 73,707 shares of the restaurant operator’s stock worth $11,385,000 after buying an additional 17,691 shares in the last quarter. Vanguard Group Inc. lifted its holdings in Texas Roadhouse by 0.8% in the 1st quarter. Vanguard Group Inc. now owns 6,476,056 shares of the restaurant operator’s stock worth $1,000,356,000 after buying an additional 53,419 shares in the last quarter. Finally, SG Americas Securities LLC lifted its holdings in Texas Roadhouse by 200.6% in the 2nd quarter. SG Americas Securities LLC now owns 19,067 shares of the restaurant operator’s stock worth $3,274,000 after buying an additional 12,725 shares in the last quarter. Institutional investors and hedge funds own 94.82% of the company’s stock.

Texas Roadhouse Price Performance

Shares of TXRH opened at $193.18 on Wednesday. The firm has a 50 day simple moving average of $172.81 and a 200-day simple moving average of $168.86. Texas Roadhouse has a 1-year low of $98.18 and a 1-year high of $193.23. The stock has a market cap of $12.88 billion, a price-to-earnings ratio of 33.19, a price-to-earnings-growth ratio of 1.59 and a beta of 0.99.

Texas Roadhouse (NASDAQ:TXRH) last released its earnings results on Thursday, October 24th. The restaurant operator reported $1.26 EPS for the quarter, missing the consensus estimate of $1.32 by ($0.06). The firm had revenue of $1.27 billion during the quarter, compared to analysts’ expectations of $1.27 billion. Texas Roadhouse had a return on equity of 31.33% and a net margin of 7.65%. The firm’s revenue was up 13.5% on a year-over-year basis. During the same period in the previous year, the firm posted $0.95 earnings per share. On average, equities analysts expect that Texas Roadhouse will post 6.38 earnings per share for the current fiscal year.

Texas Roadhouse Announces Dividend

The firm also recently announced 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 dividend yield of 1.26%. Texas Roadhouse’s payout ratio is 41.92%.

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.