Texas Roadhouse (NASDAQ:TXRH) Raised to “Buy” at StockNews.com

StockNews.com upgraded shares of Texas Roadhouse (NASDAQ:TXRH – Get Rating) from a hold rating to a buy rating in a report published on Sunday.

TXRH has been the topic of several other reports. BMO Capital Markets lowered their target price on Texas Roadhouse from $95.00 to $90.00 in a research note on Friday, May 6th. Deutsche Bank Aktiengesellschaft lowered their target price on Texas Roadhouse from $112.00 to $107.00 in a research note on Monday, May 9th. Citigroup initiated coverage on Texas Roadhouse in a research note on Tuesday, April 12th. They issued a buy rating and a $105.00 target price on the stock. Gordon Haskett upgraded Texas Roadhouse from a hold rating to a buy rating and set a $110.00 target price on the stock in a research note on Monday, February 28th. Finally, Northcoast Research initiated coverage on Texas Roadhouse in a research note on Wednesday, May 4th. They issued a buy rating and a $108.00 target price on the stock. Seven research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of Buy and an average price target of $106.00.

TXRH opened at $69.92 on Friday. The firm has a market cap of $4.77 billion, a price-to-earnings ratio of 19.05, a price-to-earnings-growth ratio of 1.86 and a beta of 0.94. Texas Roadhouse has a 52 week low of $68.58 and a 52 week high of $102.80. The business’s 50 day moving average is $80.86 and its two-hundred day moving average is $84.85. The company has a quick ratio of 0.73, a current ratio of 0.79 and a debt-to-equity ratio of 0.10.

Texas Roadhouse (NASDAQ:TXRH – Get Rating) last released its quarterly earnings results on Thursday, May 5th. The restaurant operator reported $1.08 EPS for the quarter, topping the consensus estimate of $0.91 by $0.17. The company had revenue of $987.60 million for the quarter, compared to analyst estimates of $973.62 million. Texas Roadhouse had a return on equity of 24.11% and a net margin of 7.02%. The firm’s revenue was up 23.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.91 earnings per share. Equities analysts expect that Texas Roadhouse will post 3.87 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, June 24th. Stockholders of record on Wednesday, June 8th will be given a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a dividend yield of 2.63%. The ex-dividend date of this dividend is Tuesday, June 7th. Texas Roadhouse’s dividend payout ratio is currently 50.14%.

In related news, Director James R. Zarley acquired 7,069 shares of the firm’s stock in a transaction that occurred on Friday, May 20th. The shares were acquired at an average price of $70.56 per share, with a total value of $498,788.64. Following the completion of the purchase, the director now directly owns 7,069 shares in the company, valued at $498,788.64. The purchase was disclosed in a document filed with the SEC, which is available through this link. Also, Director Gregory N. Moore sold 2,300 shares of the business’s stock in a transaction dated Thursday, February 24th. The shares were sold at an average price of $86.11, for a total transaction of $198,053.00. The disclosure for this sale can be found here. In the last 90 days, insiders bought 13,556 shares of company stock valued at $961,498 and sold 9,799 shares valued at $872,001. Company insiders own 4.99% of the company’s stock.

A number of hedge funds have recently made changes to their positions in the stock. Thrivent Financial for Lutherans raised its stake in Texas Roadhouse by 0.6% in the 4th quarter. Thrivent Financial for Lutherans now owns 18,364 shares of the restaurant operator’s stock valued at $1,640,000 after purchasing an additional 111 shares during the last quarter. First Horizon Advisors Inc. raised its stake in Texas Roadhouse by 46.6% in the 4th quarter. First Horizon Advisors Inc. now owns 428 shares of the restaurant operator’s stock valued at $38,000 after purchasing an additional 136 shares during the last quarter. Red Spruce Capital LLC raised its stake in Texas Roadhouse by 0.8% in the 1st quarter. Red Spruce Capital LLC now owns 21,697 shares of the restaurant operator’s stock valued at $1,817,000 after purchasing an additional 166 shares during the last quarter. Captrust Financial Advisors raised its stake in Texas Roadhouse by 8.6% in the 3rd quarter. Captrust Financial Advisors now owns 2,307 shares of the restaurant operator’s stock valued at $211,000 after purchasing an additional 183 shares during the last quarter. Finally, State of Michigan Retirement System raised its stake in Texas Roadhouse by 1.1% in the 4th quarter. State of Michigan Retirement System now owns 17,692 shares of the restaurant operator’s stock valued at $1,580,000 after purchasing an additional 200 shares during the last quarter. 96.29% of the stock is owned by hedge funds and other institutional investors.

Texas Roadhouse Company Profile (Get Rating)

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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