Stephens began coverage on shares of Texas Roadhouse (NASDAQ:TXRH – Get Rating) in a research note published on Thursday morning, The Fly reports. The brokerage issued an equal weight rating on the restaurant operator's stock.
Other equities analysts also recently issued reports about the company. Truist Financial reduced their price target on Texas Roadhouse from $113.00 to $105.00 and set a buy rating for the company in a report on Friday, July 1st. Bank of America assumed coverage on Texas Roadhouse in a report on Monday, June 27th. They issued a buy rating and a $96.00 price objective for the company. Deutsche Bank Aktiengesellschaft lifted their price objective on Texas Roadhouse from $91.00 to $97.00 in a report on Friday, July 29th. MKM Partners reduced their price objective on Texas Roadhouse from $115.00 to $100.00 and set a buy rating for the company in a report on Thursday, May 26th. Finally, UBS Group reduced their price objective on Texas Roadhouse from $108.00 to $104.00 in a report on Tuesday, July 26th. Seven research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to MarketBeat, the company has an average rating of Moderate Buy and a consensus price target of $102.05.
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Texas Roadhouse Price Performance
Shares of NASDAQ:TXRH opened at $86.42 on Thursday. Texas Roadhouse has a 1-year low of $68.58 and a 1-year high of $97.43. The company has a debt-to-equity ratio of 0.08, a current ratio of 0.53 and a quick ratio of 0.47. The business has a fifty day moving average price of $88.88 and a 200-day moving average price of $82.47. The company has a market capitalization of $5.89 billion, a PE ratio of 23.61, a PEG ratio of 1.70 and a beta of 0.97.
Texas Roadhouse (NASDAQ:TXRH – Get Rating) last issued its quarterly earnings results on Thursday, July 28th. The restaurant operator reported $1.07 earnings per share for the quarter, beating the consensus estimate of $1.03 by $0.04. Texas Roadhouse had a return on equity of 24.45% and a net
margin of 6.71%. The firm had revenue of $1.02 billion during the quarter, compared to the consensus estimate of $1.02 billion. During the same period last year, the company earned $1.08 earnings per share. The company's revenue was up 14.0% on a year-over-year basis. As a group, equities analysts expect that Texas Roadhouse will post 3.83 EPS for the current fiscal year.
Texas Roadhouse Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 23rd. Stockholders of record on Wednesday, September 7th will be given a dividend of $0.46 per share. The ex-dividend date is Tuesday, September 6th. This represents a $1.84 dividend on an annualized basis and a dividend yield of 2.13%. Texas Roadhouse's payout ratio is currently 50.27%.
Insider Buying and Selling
In related news, General Counsel Christopher C. Colson sold 1,357 shares of the business's stock in a transaction that occurred on Thursday, August 18th. The stock was sold at an average price of $94.36, for a total value of $128,046.52. Following the transaction, the general counsel now directly owns 3,000 shares of the company's stock, valued at approximately $283,080. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, General Counsel Christopher C. Colson sold 1,357 shares of the business's stock in a transaction that occurred on Thursday, August 18th. The stock was sold at an average price of $94.36, for a total value of $128,046.52. Following the transaction, the general counsel now directly owns 3,000 shares of the company's stock, valued at approximately $283,080. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Gerald L. Morgan sold 4,665 shares of the business's stock in a transaction that occurred on Monday, August 15th. The stock was sold at an average price of $95.08, for a total value of $443,548.20. Following the completion of the transaction, the chief executive officer now directly owns 81,547 shares in the company, valued at $7,753,488.76. The disclosure for this sale can be found here. In the last three months, insiders have sold 18,922 shares of company stock valued at $1,739,455. Corporate insiders own 4.99% of the company's stock.
Institutional Trading of Texas Roadhouse
Large investors have recently added to or reduced their stakes in the company. HM Payson & Co. bought a new stake in Texas Roadhouse in the 1st quarter worth approximately $25,000. TCI Wealth Advisors Inc. increased its stake in Texas Roadhouse by 319.5% in the 2nd quarter. TCI Wealth Advisors Inc. now owns 344 shares of the restaurant operator's stock worth $25,000 after acquiring an additional 262 shares during the last quarter. First Horizon Advisors Inc. increased its position in shares of Texas Roadhouse by 96.6% during the 2nd quarter. First Horizon Advisors Inc. now owns 405 shares of the restaurant operator's stock valued at $29,000 after purchasing an additional 199 shares during the last quarter. Neo Ivy Capital Management bought a new position in shares of Texas Roadhouse during the 2nd quarter valued at approximately $32,000. Finally, CENTRAL TRUST Co increased its position in shares of Texas Roadhouse by 92.7% during the 1st quarter. CENTRAL TRUST Co now owns 578 shares of the restaurant operator's stock valued at $48,000 after purchasing an additional 278 shares during the last quarter. Institutional investors own 97.80% of the company's stock.
Texas Roadhouse Company Profile
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Texas Roadhouse, Inc, together with its subsidiaries, operates casual dining restaurants in the United States and internationally. The company operates and franchises restaurants under the Texas Roadhouse, Bubba's 33, and Jaggers names. As of December 28, 2021, it operated 566 domestic restaurants and 101 franchise restaurants.
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