Texas Roadhouse (TXRH) Receives Average Rating of “Hold” from Brokerages

Texas Roadhouse (NASDAQ:TXRH) has been given a consensus rating of “Hold” by the twenty-four analysts that are currently covering the firm, MarketBeat.com reports. Three research analysts have rated the stock with a sell recommendation, twelve have issued a hold recommendation and nine have issued a buy recommendation on the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $61.46.

Several equities research analysts have recently issued reports on TXRH shares. ValuEngine lowered shares of Texas Roadhouse from a “buy” rating to a “hold” rating in a report on Monday, April 2nd. Zacks Investment Research lowered shares of Texas Roadhouse from a “buy” rating to a “hold” rating in a report on Wednesday, March 7th. Longbow Research lowered shares of Texas Roadhouse from a “buy” rating to a “neutral” rating in a report on Tuesday, April 17th. Stifel Nicolaus raised their target price on shares of Texas Roadhouse from $62.00 to $68.00 and gave the stock a “buy” rating in a report on Wednesday, April 18th. Finally, Wells Fargo & Co restated a “market perform” rating and issued a $52.00 target price (up previously from $47.00) on shares of Texas Roadhouse in a report on Tuesday, February 13th.

Texas Roadhouse traded up $0.63, hitting $60.82, during trading on Thursday, MarketBeat.com reports. 724,766 shares of the company’s stock traded hands, compared to its average volume of 830,552. Texas Roadhouse has a 52 week low of $44.29 and a 52 week high of $64.96. The company has a quick ratio of 0.80, a current ratio of 0.85 and a debt-to-equity ratio of 0.06. The firm has a market capitalization of $4.28 billion, a P/E ratio of 30.88, a price-to-earnings-growth ratio of 2.13 and a beta of 0.56.

Texas Roadhouse (NASDAQ:TXRH) last released its quarterly earnings data on Monday, April 30th. The restaurant operator reported $0.76 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.76. The business had revenue of $627.70 million during the quarter, compared to analyst estimates of $626.34 million. Texas Roadhouse had a net margin of 6.66% and a return on equity of 17.97%. Texas Roadhouse’s quarterly revenue was up 10.6% compared to the same quarter last year. During the same quarter last year, the business earned $0.61 earnings per share. analysts anticipate that Texas Roadhouse will post 2.38 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 29th. Investors of record on Wednesday, June 13th will be issued a dividend of $0.25 per share. The ex-dividend date is Tuesday, June 12th. This represents a $1.00 dividend on an annualized basis and a yield of 1.64%. Texas Roadhouse’s payout ratio is 50.76%.

In other Texas Roadhouse news, Director James R. Zarley sold 10,900 shares of the firm’s stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $56.82, for a total transaction of $619,338.00. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Kathy Widmer sold 8,000 shares of the firm’s stock in a transaction dated Monday, March 26th. The shares were sold at an average price of $56.51, for a total transaction of $452,080.00. Following the transaction, the director now directly owns 10,950 shares in the company, valued at approximately $618,784.50. The disclosure for this sale can be found here. Company insiders own 5.89% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of TXRH. BlackRock Inc. increased its position in Texas Roadhouse by 25.5% during the 1st quarter. BlackRock Inc. now owns 8,815,125 shares of the restaurant operator’s stock valued at $509,337,000 after purchasing an additional 1,793,043 shares during the period. Westfield Capital Management Co. LP purchased a new position in Texas Roadhouse during the 1st quarter valued at about $24,656,000. Stifel Financial Corp increased its position in Texas Roadhouse by 1,520.3% during the 1st quarter. Stifel Financial Corp now owns 214,218 shares of the restaurant operator’s stock valued at $12,399,000 after purchasing an additional 200,997 shares during the period. Eaton Vance Management increased its position in Texas Roadhouse by 50.3% during the 4th quarter. Eaton Vance Management now owns 591,142 shares of the restaurant operator’s stock valued at $31,141,000 after purchasing an additional 197,951 shares during the period. Finally, Amundi Pioneer Asset Management Inc. purchased a new position in Texas Roadhouse during the 4th quarter valued at about $8,666,000. 88.72% of the stock is currently owned by institutional investors and hedge funds.

Texas Roadhouse Company Profile

Texas Roadhouse, Inc, together with its subsidiaries, operates casual dining restaurants in the United States and internationally. The company operates and franchises Texas Roadhouse and Bubba's 33 restaurants. As of February 20, 2018, it owned and operated approximately 550 restaurants. Texas Roadhouse, Inc was founded in 1993 and is based in Louisville, Kentucky.

Analyst Recommendations for Texas Roadhouse (NASDAQ:TXRH)

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