Brokerages Set Texas Roadhouse, Inc. (NASDAQ:TXRH) Price Target at $190.26

Texas Roadhouse, Inc. (NASDAQ:TXRH) has been assigned a consensus rating of “Hold” from the twenty-five research firms that are covering the firm, Marketbeat reports. Fourteen research analysts have rated the stock with a hold recommendation and eleven have issued a buy recommendation on the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $190.26.

A number of brokerages have recently commented on TXRH. Evercore ISI raised their price target on Texas Roadhouse from $195.00 to $200.00 and gave the company an “outperform” rating in a report on Tuesday, October 15th. Loop Capital decreased their target price on shares of Texas Roadhouse from $215.00 to $209.00 and set a “buy” rating for the company in a report on Monday, October 28th. Wedbush reiterated an “outperform” rating and issued a $200.00 target price on shares of Texas Roadhouse in a report on Thursday, December 19th. BMO Capital Markets boosted their target price on Texas Roadhouse from $155.00 to $162.00 and gave the company a “market perform” rating in a research note on Friday, October 25th. Finally, Royal Bank of Canada increased their price target on shares of Texas Roadhouse from $175.00 to $185.00 and gave the stock a “sector perform” rating in a research note on Friday, October 25th.

Texas Roadhouse Price Performance

Shares of TXRH opened at $179.29 on Monday. Texas Roadhouse has a 12-month low of $115.48 and a 12-month high of $206.04. The business’s fifty day moving average price is $189.81 and its 200 day moving average price is $178.69. The stock has a market capitalization of $11.96 billion, a PE ratio of 30.81, a price-to-earnings-growth ratio of 1.59 and a beta of 1.01.

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

Texas Roadhouse Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 10th were issued a dividend of $0.61 per share. This represents a $2.44 annualized dividend and a dividend yield of 1.36%. The ex-dividend date was Tuesday, December 10th. Texas Roadhouse’s payout ratio is presently 41.92%.

Insider Buying and Selling at Texas Roadhouse

In other news, CTO Hernan E. Mujica sold 1,500 shares of Texas Roadhouse stock in a transaction that occurred on Thursday, November 14th. The shares were sold at an average price of $202.26, for a total transaction of $303,390.00. Following the completion of the sale, the chief technology officer now owns 16,342 shares in the company, valued at $3,305,332.92. The trade was a 8.41 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Donna E. Epps sold 610 shares of the stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $195.66, for a total transaction of $119,352.60. Following the completion of the transaction, the director now owns 3,532 shares in the company, valued at $691,071.12. This represents a 14.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 3,480 shares of company stock worth $668,603. 0.50% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Texas Roadhouse

Several hedge funds have recently added to or reduced their stakes in TXRH. 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 position in Texas Roadhouse during the third quarter worth $30,000. PSI Advisors LLC raised its stake in Texas Roadhouse by 70.8% in the third quarter. PSI Advisors LLC now owns 181 shares of the restaurant operator’s stock valued at $32,000 after buying an additional 75 shares during the period. UMB Bank n.a. grew its stake in Texas Roadhouse by 118.6% in the 3rd quarter. UMB Bank n.a. now owns 258 shares of the restaurant operator’s stock valued at $46,000 after buying an additional 140 shares during the last quarter. Finally, Ashton Thomas Private Wealth LLC bought a new position in shares of Texas Roadhouse during the second quarter worth approximately $47,000. 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.