Analysts Set Texas Roadhouse, Inc. (NASDAQ:TXRH) Price Target at $191.62

Texas Roadhouse, Inc. (NASDAQ:TXRH) has been assigned an average recommendation of “Moderate Buy” from the twenty-one research firms that are presently covering the stock, MarketBeat reports. Ten equities research analysts have rated the stock with a hold recommendation and eleven have assigned a buy recommendation to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $191.62.

A number of equities analysts have recently weighed in on the company. Stifel Nicolaus dropped their target price on Texas Roadhouse from $172.00 to $170.00 and set a “hold” rating on the stock in a report on Tuesday, April 15th. Barclays decreased their target price on shares of Texas Roadhouse from $179.00 to $175.00 and set an “equal weight” rating for the company in a research note on Friday, May 9th. Royal Bank of Canada decreased their target price on shares of Texas Roadhouse from $200.00 to $180.00 and set a “sector perform” rating for the company in a research note on Friday, February 21st. Wells Fargo & Company cut their price objective on Texas Roadhouse from $175.00 to $170.00 and set an “equal weight” rating for the company in a report on Tuesday, April 22nd. Finally, Wedbush upped their target price on Texas Roadhouse from $200.00 to $210.00 and gave the stock an “outperform” rating in a research report on Friday, March 28th.

Insider Buying and Selling at Texas Roadhouse

In related news, President Regina A. Tobin sold 3,154 shares of the business’s stock in a transaction dated Wednesday, March 5th. The stock was sold at an average price of $185.64, for a total transaction of $585,508.56. Following the completion of the transaction, the president now owns 18,414 shares of the company’s stock, valued at approximately $3,418,374.96. The trade was a 14.62% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Gregory N. Moore sold 1,000 shares of Texas Roadhouse stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $187.62, for a total value of $187,620.00. Following the completion of the transaction, the director now directly owns 38,050 shares in the company, valued at approximately $7,138,941. This represents a 2.56% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 17,535 shares of company stock worth $3,140,127 over the last ninety days. Company insiders own 0.50% of the company’s stock.

Institutional Trading of Texas Roadhouse

A number of hedge funds have recently bought and sold shares of the stock. Cornerstone Investment Partners LLC increased its stake in Texas Roadhouse by 2.7% during the fourth quarter. Cornerstone Investment Partners LLC now owns 2,159 shares of the restaurant operator’s stock valued at $390,000 after acquiring an additional 56 shares during the period. Lifestyle Asset Management Inc. lifted its position in Texas Roadhouse by 3.9% in the fourth quarter. Lifestyle Asset Management Inc. now owns 1,603 shares of the restaurant operator’s stock worth $289,000 after purchasing an additional 60 shares during the period. Advisory Alpha LLC lifted its position in Texas Roadhouse by 3.0% in the first quarter. Advisory Alpha LLC now owns 2,063 shares of the restaurant operator’s stock worth $344,000 after purchasing an additional 60 shares during the period. Valeo Financial Advisors LLC lifted its position in Texas Roadhouse by 2.3% in the first quarter. Valeo Financial Advisors LLC now owns 2,750 shares of the restaurant operator’s stock worth $458,000 after purchasing an additional 62 shares during the period. Finally, MassMutual Private Wealth & Trust FSB lifted its position in Texas Roadhouse by 32.2% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 267 shares of the restaurant operator’s stock worth $48,000 after purchasing an additional 65 shares during the period. 94.82% of the stock is owned by institutional investors.

Texas Roadhouse Stock Performance

NASDAQ TXRH opened at $191.36 on Friday. Texas Roadhouse has a twelve month low of $148.73 and a twelve month high of $206.04. The stock has a market cap of $12.72 billion, a price-to-earnings ratio of 29.58, a PEG ratio of 1.23 and a beta of 0.87. The firm’s 50 day moving average price is $170.13 and its two-hundred day moving average price is $179.50.

Texas Roadhouse (NASDAQ:TXRH) last issued its earnings results on Thursday, May 8th. The restaurant operator reported $1.70 EPS for the quarter, missing the consensus estimate of $1.75 by ($0.05). The business had revenue of $1.45 billion during the quarter, compared to analyst estimates of $1.44 billion. Texas Roadhouse had a return on equity of 34.02% and a net margin of 8.07%. The business’s quarterly revenue was up 11.8% on a year-over-year basis. During the same period last year, the business earned $1.69 EPS. On average, research analysts forecast that Texas Roadhouse will post 7.23 EPS for the current fiscal year.

Texas Roadhouse Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 1st. Shareholders of record on Tuesday, June 3rd will be issued a dividend of $0.68 per share. This represents a $2.72 dividend on an annualized basis and a yield of 1.42%. The ex-dividend date is Tuesday, June 3rd. Texas Roadhouse’s dividend payout ratio (DPR) is 41.98%.

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.