Texas Roadhouse, Inc. (NASDAQ:TXRH) Receives $190.09 Average Target Price from Brokerages

Shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) have received an average recommendation of “Hold” from the twenty-four research firms that are currently covering the company, Marketbeat Ratings reports. Thirteen equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $190.09.

Several brokerages have issued reports on TXRH. Bank of America lifted their target price on shares of Texas Roadhouse from $206.00 to $234.00 and gave the stock a “buy” rating in a research note on Tuesday, October 22nd. UBS Group upped their price objective on shares of Texas Roadhouse from $200.00 to $210.00 and gave the company a “buy” rating in a research note on Friday, October 25th. Robert W. Baird raised their target price on shares of Texas Roadhouse from $190.00 to $205.00 and gave the stock an “outperform” rating in a research note on Friday, October 25th. The Goldman Sachs Group assumed coverage on Texas Roadhouse in a research report on Thursday, December 5th. They issued a “neutral” rating and a $213.00 price target for the company. Finally, Stifel Nicolaus increased their price target on Texas Roadhouse from $180.00 to $195.00 and gave the company a “hold” rating in a report on Friday, October 25th.

Insider Buying and Selling

In other news, CTO Hernan E. Mujica sold 1,500 shares of the firm’s stock in a transaction on Thursday, November 14th. The shares were sold at an average price of $202.26, for a total value of $303,390.00. Following the sale, the chief technology officer now directly owns 16,342 shares in the company, valued at approximately $3,305,332.92. This trade represents a 8.41 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Donna E. Epps sold 610 shares of the firm’s stock in a transaction on Monday, November 11th. The shares were sold at an average price of $195.66, for a total value of $119,352.60. Following the completion of the sale, the director now owns 3,532 shares in the company, valued at approximately $691,071.12. This represents a 14.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.50% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the stock. Hollencrest Capital Management acquired a new position in shares of Texas Roadhouse in the 2nd quarter valued at $25,000. True Wealth Design LLC acquired a new stake in shares of Texas Roadhouse during the third quarter worth about $30,000. McClarren Financial Advisors Inc. grew its holdings in shares of Texas Roadhouse by 4,175.0% during the second 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 last quarter. PSI Advisors LLC lifted its position in Texas Roadhouse by 70.8% during the 3rd quarter. PSI Advisors LLC now owns 181 shares of the restaurant operator’s stock worth $32,000 after acquiring an additional 75 shares during the period. Finally, UMB Bank n.a. increased its holdings in shares of Texas Roadhouse by 118.6% in the third quarter. UMB Bank n.a. now owns 258 shares of the restaurant operator’s stock valued at $46,000 after purchasing an additional 140 shares during the period. 94.82% of the stock is owned by hedge funds and other institutional investors.

Texas Roadhouse Stock Performance

NASDAQ:TXRH opened at $181.38 on Thursday. The company has a fifty day moving average of $191.47 and a two-hundred day moving average of $177.38. Texas Roadhouse has a fifty-two week low of $115.48 and a fifty-two week high of $206.04. The stock has a market capitalization of $12.10 billion, a PE ratio of 31.17, a P/E/G ratio of 1.59 and a beta of 0.98.

Texas Roadhouse (NASDAQ:TXRH) last announced its earnings results on Thursday, October 24th. The restaurant operator reported $1.26 EPS for the quarter, missing analysts’ consensus estimates of $1.32 by ($0.06). The firm had revenue of $1.27 billion for the quarter, compared to analyst estimates of $1.27 billion. Texas Roadhouse had a net margin of 7.65% and a return on equity of 31.33%. Texas Roadhouse’s revenue was up 13.5% compared to the same quarter last year. During the same period in the previous year, the company earned $0.95 EPS. Research analysts forecast that Texas Roadhouse will post 6.39 earnings per share for the current year.

Texas Roadhouse Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 10th will be paid a $0.61 dividend. The ex-dividend date is Tuesday, December 10th. This represents a $2.44 annualized dividend and a dividend yield of 1.35%. Texas Roadhouse’s dividend payout ratio (DPR) is 41.92%.

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.