Texas Roadhouse (NASDAQ:TXRH) Now Covered by Analysts at The Goldman Sachs Group

The Goldman Sachs Group assumed coverage on shares of Texas Roadhouse (NASDAQ:TXRH) in a research note published on Thursday, Marketbeat.com reports. The firm issued a neutral rating and a $213.00 price target on the restaurant operator’s stock.

Other equities research analysts also recently issued reports about the company. UBS Group lifted their price objective on Texas Roadhouse from $200.00 to $210.00 and gave the stock a “buy” rating in a report on Friday, October 25th. Citigroup boosted their price target on Texas Roadhouse from $192.00 to $201.00 and gave the company a “buy” rating in a research note on Tuesday, October 1st. Barclays boosted their price target on Texas Roadhouse from $160.00 to $175.00 and gave the company an “equal weight” rating in a research note on Friday, October 25th. Royal Bank of Canada boosted their price target on Texas Roadhouse from $175.00 to $185.00 and gave the company a “sector perform” rating in a research note on Friday, October 25th. Finally, Loop Capital cut their price target on Texas Roadhouse from $215.00 to $209.00 and set a “buy” rating for the company in a research note on Monday, October 28th. Thirteen analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $190.09.

Texas Roadhouse Stock Performance

NASDAQ TXRH opened at $196.31 on Thursday. Texas Roadhouse has a one year low of $112.87 and a one year high of $206.04. The stock has a 50-day moving average of $188.87 and a 200 day moving average of $175.88. The company has a market capitalization of $13.10 billion, a price-to-earnings ratio of 33.73, a PEG ratio of 1.67 and a beta of 0.98.

Texas Roadhouse (NASDAQ:TXRH) last released its quarterly earnings data on Thursday, October 24th. The restaurant operator reported $1.26 EPS for the quarter, missing the consensus estimate of $1.32 by ($0.06). Texas Roadhouse had a return on equity of 31.33% and a net margin of 7.65%. The business had revenue of $1.27 billion during the quarter, compared to the consensus estimate of $1.27 billion. During the same quarter in the previous year, the business posted $0.95 earnings per share. Texas Roadhouse’s quarterly revenue was up 13.5% compared to the same quarter last year. On average, equities analysts predict that Texas Roadhouse will post 6.39 earnings per share for the current fiscal year.

Texas Roadhouse Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 10th will be issued a dividend of $0.61 per share. The ex-dividend date is Tuesday, December 10th. This represents a $2.44 annualized dividend and a dividend yield of 1.24%. Texas Roadhouse’s dividend payout ratio (DPR) is 41.92%.

Insider Transactions at Texas Roadhouse

In other news, CTO Hernan E. Mujica sold 1,500 shares of the business’s stock in a transaction that occurred on Thursday, November 14th. The stock was sold at an average price of $202.26, for a total transaction of $303,390.00. Following the transaction, the chief technology officer now owns 16,342 shares of the company’s stock, valued at approximately $3,305,332.92. The trade was a 8.41 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Donna E. Epps sold 610 shares of the company’s stock in a transaction on Monday, November 11th. The shares were sold at an average price of $195.66, for a total value of $119,352.60. Following the completion of the transaction, the director now directly owns 3,532 shares in the company, valued at $691,071.12. This trade represents a 14.73 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.50% of the company’s stock.

Hedge Funds Weigh In On Texas Roadhouse

Hedge funds have recently bought and sold shares of the business. Hollencrest Capital Management bought a new position in Texas Roadhouse in the 2nd quarter valued at $25,000. McClarren Financial Advisors Inc. grew its position in Texas Roadhouse by 4,175.0% in the 2nd quarter. McClarren Financial Advisors Inc. now owns 171 shares of the restaurant operator’s stock valued at $29,000 after acquiring an additional 167 shares during the last quarter. True Wealth Design LLC bought a new position in Texas Roadhouse in the 3rd quarter valued at $30,000. PSI Advisors LLC grew its position in Texas Roadhouse by 70.8% in the 3rd quarter. PSI Advisors LLC now owns 181 shares of the restaurant operator’s stock valued at $32,000 after acquiring an additional 75 shares during the last quarter. Finally, UMB Bank n.a. grew its position in Texas Roadhouse by 118.6% in the 3rd quarter. UMB Bank n.a. now owns 258 shares of the restaurant operator’s stock valued at $46,000 after acquiring an additional 140 shares during 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.