Texas Roadhouse (NASDAQ:TXRH) Earns Sector Perform Rating from Royal Bank of Canada

Royal Bank of Canada reiterated their sector perform rating on shares of Texas Roadhouse (NASDAQ:TXRH) in a report published on Thursday morning,Benzinga reports. They currently have a $200.00 target price on the restaurant operator’s stock.

A number of other brokerages have also recently commented on TXRH. Stifel Nicolaus increased their price target on shares of Texas Roadhouse from $180.00 to $195.00 and gave the company a “hold” rating in a research note on Friday, October 25th. Citigroup lifted their price target on Texas Roadhouse from $192.00 to $201.00 and gave the stock a “buy” rating in a report on Tuesday, October 1st. UBS Group upped their price objective on Texas Roadhouse from $200.00 to $210.00 and gave the company a “buy” rating in a research note on Friday, October 25th. The Goldman Sachs Group assumed coverage on Texas Roadhouse in a research note on Thursday, December 5th. They set a “neutral” rating and a $213.00 target price for the company. Finally, Robert W. Baird increased their price target on Texas Roadhouse from $190.00 to $205.00 and gave the company an “outperform” rating in a research note on Friday, October 25th. Fourteen analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $190.91.

Texas Roadhouse Price Performance

Shares of NASDAQ TXRH opened at $178.32 on Thursday. Texas Roadhouse has a fifty-two week low of $117.13 and a fifty-two week high of $206.04. The stock has a market capitalization of $11.90 billion, a price-to-earnings ratio of 30.64, a PEG ratio of 1.34 and a beta of 1.01. The business has a 50-day moving average of $189.44 and a 200-day moving average of $178.69.

Texas Roadhouse (NASDAQ:TXRH) last posted its quarterly earnings results on Thursday, October 24th. The restaurant operator reported $1.26 earnings per share for the quarter, missing the consensus estimate of $1.32 by ($0.06). The company had revenue of $1.27 billion for the quarter, compared to analyst estimates of $1.27 billion. Texas Roadhouse had a return on equity of 31.33% and a net margin of 7.65%. The firm’s revenue for the quarter was up 13.5% compared to the same quarter last year. During the same period last year, the firm earned $0.95 EPS. On average, sell-side analysts expect that Texas Roadhouse will post 6.4 EPS for the current year.

Texas Roadhouse Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 10th were issued a $0.61 dividend. This represents a $2.44 annualized dividend and a yield of 1.37%. The ex-dividend date of this dividend was Tuesday, December 10th. Texas Roadhouse’s dividend payout ratio is currently 41.92%.

Insider Transactions at Texas Roadhouse

In other Texas Roadhouse news, insider Christopher C. Colson sold 1,370 shares of the company’s stock in a transaction on Friday, January 10th. The stock was sold at an average price of $179.46, for a total transaction of $245,860.20. Following the completion of the sale, the insider now directly owns 10,000 shares in the company, valued at $1,794,600. This represents a 12.05 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CTO Hernan E. Mujica sold 1,500 shares of Texas Roadhouse stock in a transaction on Thursday, November 14th. The shares were sold at an average price of $202.26, for a total value of $303,390.00. Following the completion of the transaction, the chief technology officer now owns 16,342 shares in the company, valued at approximately $3,305,332.92. The trade was a 8.41 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 3,480 shares of company stock valued at $668,603. Company insiders own 0.50% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Hollencrest Capital Management acquired a new position in Texas Roadhouse during the 2nd quarter worth approximately $25,000. True Wealth Design LLC acquired a new position in shares of Texas Roadhouse during the third quarter worth $30,000. PSI Advisors LLC boosted its holdings in shares of Texas Roadhouse by 70.8% during 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 in the last quarter. UMB Bank n.a. grew its position in Texas Roadhouse by 118.6% during the 3rd quarter. UMB Bank n.a. now owns 258 shares of the restaurant operator’s stock worth $46,000 after acquiring an additional 140 shares during the last quarter. Finally, MassMutual Private Wealth & Trust FSB increased its holdings in Texas Roadhouse by 32.2% in the 4th 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 in 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.