Brokerages Set Texas Roadhouse, Inc. (NASDAQ:TXRH) PT at $189.00

Shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) have received an average recommendation of “Hold” from the twenty-three ratings firms that are covering the company, Marketbeat.com reports. Twelve investment analysts have rated the stock with a hold rating and eleven have issued a buy rating on the company. The average 1-year target price among brokerages that have covered the stock in the last year is $189.00.

Several brokerages have recently issued reports on TXRH. Truist Financial boosted their price objective on shares of Texas Roadhouse from $202.00 to $207.00 and gave the company a “buy” rating in a research note on Friday, October 25th. Morgan Stanley boosted their price target on Texas Roadhouse from $200.00 to $205.00 and gave the company an “equal weight” rating in a research report on Friday, October 25th. Barclays raised their price objective on Texas Roadhouse from $160.00 to $175.00 and gave the stock an “equal weight” rating in a report on Friday, October 25th. UBS Group boosted their target price on Texas Roadhouse from $200.00 to $210.00 and gave the stock a “buy” rating in a report on Friday, October 25th. Finally, Wedbush raised their price target on shares of Texas Roadhouse from $190.00 to $200.00 and gave the company an “outperform” rating in a report on Friday, October 25th.

Insider Transactions at Texas Roadhouse

In other Texas Roadhouse news, CTO Hernan E. Mujica sold 1,500 shares of the business’s stock in a transaction 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Donna E. Epps sold 610 shares of the stock in a transaction on Monday, November 11th. The stock was sold at an average price of $195.66, for a total transaction of $119,352.60. Following the sale, the director now directly owns 3,532 shares in the company, valued at $691,071.12. This trade represents a 14.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.50% of the company’s stock.

Institutional Investors Weigh In On Texas Roadhouse

A number of institutional investors have recently modified their holdings of TXRH. LRI Investments LLC acquired a new stake in Texas Roadhouse in the first quarter worth $25,000. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of Texas Roadhouse in the 2nd quarter worth about $25,000. Hollencrest Capital Management bought a new stake in Texas Roadhouse in the 2nd quarter valued at about $25,000. McClarren Financial Advisors Inc. lifted its position in Texas Roadhouse by 4,175.0% in the 2nd quarter. McClarren Financial Advisors Inc. now owns 171 shares of the restaurant operator’s stock valued at $29,000 after purchasing an additional 167 shares during the last quarter. Finally, True Wealth Design LLC acquired a new position in Texas Roadhouse during the 3rd quarter valued at about $30,000. Institutional investors own 94.82% of the company’s stock.

Texas Roadhouse Trading Down 0.7 %

NASDAQ TXRH opened at $203.36 on Friday. The business’s 50-day moving average price is $186.48 and its 200 day moving average price is $174.81. Texas Roadhouse has a twelve month low of $110.88 and a twelve month high of $205.85. The company has a market capitalization of $13.57 billion, a PE ratio of 34.94, a price-to-earnings-growth ratio of 1.72 and a beta of 0.98.

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

Texas Roadhouse Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 10th will be given a $0.61 dividend. This represents a $2.44 annualized dividend and a dividend yield of 1.20%. The ex-dividend date is Tuesday, December 10th. Texas Roadhouse’s payout ratio is currently 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.