Brokerages Set Texas Roadhouse, Inc. (NASDAQ:TXRH) Target Price at $196.05

Shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) have received an average rating of “Hold” from the twenty-three analysts that are covering the stock, Marketbeat reports. Thirteen equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $194.90.

TXRH has been the topic of a number of research analyst reports. Wall Street Zen upgraded shares of Texas Roadhouse from a “sell” rating to a “hold” rating in a research report on Sunday, May 10th. Guggenheim reiterated a “buy” rating and issued a $210.00 price target on shares of Texas Roadhouse in a research note on Monday, May 18th. Stifel Nicolaus increased their price target on Texas Roadhouse from $170.00 to $180.00 and gave the company a “hold” rating in a research note on Tuesday, May 12th. Weiss Ratings reissued a “buy (b-)” rating on shares of Texas Roadhouse in a report on Friday, May 29th. Finally, Citigroup lowered their target price on Texas Roadhouse from $176.00 to $174.00 and set a “neutral” rating for the company in a report on Friday, May 8th.

Texas Roadhouse Stock Performance

Shares of Texas Roadhouse stock opened at $190.86 on Friday. The company has a current ratio of 0.46, a quick ratio of 0.40 and a debt-to-equity ratio of 0.03. The company has a market cap of $12.55 billion, a PE ratio of 30.49, a price-to-earnings-growth ratio of 2.12 and a beta of 0.78. The company has a 50 day moving average of $181.53 and a 200-day moving average of $177.25. Texas Roadhouse has a 1-year low of $153.82 and a 1-year high of $200.11.

Texas Roadhouse (NASDAQ:TXRH) last announced its quarterly earnings data on Thursday, May 7th. The restaurant operator reported $1.87 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.80 by $0.07. The business had revenue of $1.63 billion for the quarter, compared to analysts’ expectations of $1.64 billion. Texas Roadhouse had a net margin of 6.85% and a return on equity of 27.86%. The firm’s quarterly revenue was up 10.5% compared to the same quarter last year. During the same period last year, the firm posted $1.70 earnings per share. As a group, equities research analysts forecast that Texas Roadhouse will post 6.45 earnings per share for the current fiscal year.

Texas Roadhouse Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 2nd were issued a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a dividend yield of 1.6%. The ex-dividend date was Tuesday, June 2nd. Texas Roadhouse’s payout ratio is 47.92%.

Insider Buying and Selling

In related news, insider Lloyd Paul Marshall sold 1,000 shares of Texas Roadhouse stock in a transaction that occurred on Thursday, May 14th. The shares were sold at an average price of $178.34, for a total transaction of $178,340.00. Following the sale, the insider directly owned 10,326 shares in the company, valued at $1,841,538.84. This trade represents a 8.83% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, General Counsel Sean G. Renfroe sold 426 shares of the business’s stock in a transaction that occurred on Thursday, July 2nd. The stock was sold at an average price of $192.53, for a total transaction of $82,017.78. Following the sale, the general counsel directly owned 860 shares in the company, valued at $165,575.80. The trade was a 33.13% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 6,154 shares of company stock valued at $1,115,864 over the last three months. Insiders own 0.50% of the company’s stock.

Hedge Funds Weigh In On Texas Roadhouse

Several large investors have recently modified their holdings of TXRH. Balyasny Asset Management L.P. acquired a new position in shares of Texas Roadhouse during the 3rd quarter valued at $157,310,000. Wellington Management Group LLP grew its holdings in Texas Roadhouse by 228.4% in the fourth quarter. Wellington Management Group LLP now owns 1,329,052 shares of the restaurant operator’s stock worth $220,623,000 after purchasing an additional 924,306 shares during the period. Norges Bank bought a new stake in Texas Roadhouse in the fourth quarter valued at $145,734,000. Steadfast Capital Management LP increased its stake in Texas Roadhouse by 99.2% in the third quarter. Steadfast Capital Management LP now owns 1,275,648 shares of the restaurant operator’s stock valued at $211,949,000 after purchasing an additional 635,178 shares in the last quarter. Finally, AQR Capital Management LLC raised its holdings in shares of Texas Roadhouse by 27.4% during the fourth quarter. AQR Capital Management LLC now owns 2,674,102 shares of the restaurant operator’s stock valued at $443,901,000 after purchasing an additional 575,685 shares during the period. Institutional investors own 94.82% of the company’s stock.

About Texas Roadhouse

Texas Roadhouse, Inc is a casual dining restaurant chain specializing in hand‐cut steaks, fall‐off‐the‐bone ribs, chicken, seafood and house specialties. Each restaurant features a Western‐themed décor, open kitchens and a signature line dance presentation of fresh, made‐from‐scratch sides and breads. The company emphasizes an energetic dining experience, focusing on hospitality, value and a family‐friendly environment.

The concept was created in 1993 by founder Kent Taylor, who sought to combine high‐quality steaks with an approachable, community‐oriented atmosphere.