Texas Roadhouse, Inc. (NASDAQ:TXRH) Receives $169.86 Consensus Price Target from Brokerages

Texas Roadhouse, Inc. (NASDAQ:TXRH) has received a consensus recommendation of “Hold” from the twenty-two research firms that are covering the firm, MarketBeat reports. Twelve investment analysts have rated the stock with a hold recommendation and ten have issued a buy recommendation on the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $169.86.

A number of research analysts have recently commented on the stock. Stifel Nicolaus increased their target price on shares of Texas Roadhouse from $155.00 to $175.00 and gave the stock a “hold” rating in a report on Monday, May 6th. JPMorgan Chase & Co. dropped their price target on Texas Roadhouse from $184.00 to $180.00 and set a “neutral” rating for the company in a research note on Monday, July 29th. Evercore ISI upped their target price on Texas Roadhouse from $175.00 to $195.00 and gave the stock an “outperform” rating in a report on Friday, July 26th. Wedbush lifted their price target on Texas Roadhouse from $180.00 to $190.00 and gave the company an “outperform” rating in a research note on Friday, July 19th. Finally, Royal Bank of Canada raised their price objective on shares of Texas Roadhouse from $165.00 to $175.00 and gave the company a “sector perform” rating in a report on Friday, June 7th.

Texas Roadhouse Price Performance

Shares of TXRH opened at $167.26 on Friday. The firm has a 50 day simple moving average of $169.55 and a two-hundred day simple moving average of $159.55. Texas Roadhouse has a one year low of $91.06 and a one year high of $177.72. The company has a market cap of $11.15 billion, a P/E ratio of 33.86, a P/E/G ratio of 1.52 and a beta of 1.01.

Texas Roadhouse (NASDAQ:TXRH) last issued its quarterly earnings results on Thursday, July 25th. The restaurant operator reported $1.79 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.64 by $0.15. Texas Roadhouse had a return on equity of 30.94% and a net margin of 7.47%. The company had revenue of $1.34 billion for the quarter, compared to analyst estimates of $1.34 billion. During the same quarter last year, the company posted $1.22 EPS. The company’s revenue for the quarter was up 14.5% compared to the same quarter last year. On average, analysts expect that Texas Roadhouse will post 6.32 earnings per share for the current fiscal year.

Texas Roadhouse Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 24th. Stockholders of record on Wednesday, September 4th will be paid a $0.61 dividend. The ex-dividend date of this dividend is Wednesday, September 4th. This represents a $2.44 annualized dividend and a dividend yield of 1.46%. Texas Roadhouse’s dividend payout ratio is currently 49.39%.

Insider Activity at Texas Roadhouse

In other Texas Roadhouse news, CEO Gerald L. Morgan sold 15,000 shares of the firm’s stock in a transaction on Tuesday, May 28th. The shares were sold at an average price of $171.70, for a total value of $2,575,500.00. Following the completion of the sale, the chief executive officer now directly owns 77,847 shares in the company, valued at $13,366,329.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.50% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Norges Bank acquired a new position in shares of Texas Roadhouse during the fourth quarter worth approximately $78,544,000. Balyasny Asset Management L.P. increased its stake in Texas Roadhouse by 4,150.1% during the 4th quarter. Balyasny Asset Management L.P. now owns 451,697 shares of the restaurant operator’s stock valued at $55,211,000 after purchasing an additional 441,069 shares in the last quarter. Marshall Wace LLP increased its stake in Texas Roadhouse by 128.9% during the 2nd quarter. Marshall Wace LLP now owns 765,096 shares of the restaurant operator’s stock valued at $131,375,000 after purchasing an additional 430,814 shares in the last quarter. Armistice Capital LLC acquired a new position in Texas Roadhouse during the fourth quarter worth $28,724,000. Finally, Bank of Nova Scotia lifted its stake in shares of Texas Roadhouse by 5,135.0% in the fourth quarter. Bank of Nova Scotia now owns 222,538 shares of the restaurant operator’s stock valued at $27,200,000 after buying an additional 218,287 shares in the last quarter. Institutional investors 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.