Texas Roadhouse, Inc. (NASDAQ:TXRH – Get Free Report) stock price fell 2.7% on Thursday. The company was trading at a price of $166.88 and was last traded at $166.88. 39,542 shares changed hands during the trading session, a decline of 95% from its average session volume of 791,824 shares. The stock previously closed at $171.57.

Changes in analyst ratings

A number of research analysts have recently issued reports on TXRH shares. Wedbush increased their price target on shares of Texas Roadhouse from $180.00 to $190.00 and gave the company an “outperform” rating in a report on Friday. Morgan Stanley increased their price target on shares of Texas Roadhouse from $155.00 to $162.00 and gave the stock an “equal weight” rating in a research report on Tuesday. Royal Bank of Canada increased their price target on shares of Texas Roadhouse from $165.00 to $175.00 and gave the company a “sector perform” rating in a research report on Friday, June 7th. Evercore ISI increased their price target on shares of Texas Roadhouse from $160.00 to $175.00 and gave the stock an “outperform” rating in a research report on Friday, May 3rd. Finally, Stifel Nicolaus raised their price target on Texas Roadhouse from $155.00 to $175.00 and gave the stock a “hold” rating in a research note on Monday, May 6th. Thirteen equities analysts have rated the stock with a “hold” rating and ten have given a “buy” rating. According to data from MarketBeat, Texas Roadhouse currently has a consensus rating of “Hold” and an average price target of $165.23.

Check out our latest analysis on Texas Roadhouse

Texas Roadhouse Stock Performance

The stock has a market cap of $11.45 billion, a price-to-earnings ratio of 34.70, a PEG ratio of 1.62, and a beta of 1.01. The company has a 50-day simple moving average of $169.62 and a 200-day simple moving average of $152.28.

Texas Roadhouse (NASDAQ:TXRH – Get Free Report) last released its quarterly earnings results on Thursday, May 2. The restaurateur reported $1.69 EPS for the quarter, topping analysts’ consensus estimates of $1.65 by $0.04. Texas Roadhouse had a return on equity of 28.85% and a net margin of 6.94%. The company had revenue of $1.32 billion for the quarter, compared to analyst estimates of $1.32 billion. In the year-ago quarter, the company earned $1.28 EPS. The company’s revenue for the quarter was up 12.5% ​​from the year-ago quarter. On average, equities research analysts expect Texas Roadhouse, Inc. to report 6.05 EPS for the current fiscal year.

Texas Roadhouse Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 25th. Shareholders of record on Wednesday, June 12th were given a dividend of $0.61. This represents a dividend payment of $2.44 on an annualized basis and a dividend yield of 1.42%. The ex-dividend date for this dividend was Wednesday, June 12th. Texas Roadhouse’s dividend payout ratio is currently 49.39%.

Insider buying and selling

In other Texas Roadhouse news, CEO Curtis Warfield sold 1,025 shares of the company’s stock in a transaction dated Wednesday, May 8. The shares were sold at an average price of $165.82, for a total value of $169,965.50. Following the completion of the transaction, the CEO now directly owns 12,372 shares of the company’s stock, valued at approximately $2,051,525.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, available at this hyperlink. In other Texas Roadhouse news, CEO Gerald L. Morgan sold 15,000 shares of the company’s stock in a transaction dated Tuesday, May 28. The shares were sold at an average price of $171.70, for a total value of $2,575,500.00. Following the sale, the CEO now directly owns 77,847 shares of the company’s stock, valued at approximately $13,366,329.90. The sale was disclosed in a filing with the SEC, which can be accessed at this link. Also, Director Curtis Warfield sold 1,025 shares of the company’s stock in a transaction dated Wednesday, May 8. The shares were sold at an average price of $165.82, for a total transaction of $169,965.50. Following the transaction, the Director now directly owns 12,372 shares of the company’s stock, valued at approximately $2,051,525.04. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 19,025 shares of the company’s stock for $3,251,266. 0.50% of the shares are held by insiders.

Institutional investors weigh in on Texas Roadhouse

Hedge funds have made recent changes to their holdings. LRI Investments LLC purchased a new position in Texas Roadhouse during the first quarter worth about $25,000. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in Texas Roadhouse during the 2nd quarter worth $25,000. Rise Advisors LLC acquired a new stake in Texas Roadhouse during the 1st quarter worth $32,000. China Universal Asset Management Co. Ltd. increased its holdings in Texas Roadhouse by 454.5% in the 1st quarter. China Universal Asset Management Co. Ltd. now owns 244 shares of the restaurateur’s stock worth $38,000 after purchasing an additional 200 shares in the last quarter. Finally, TFC Financial Management Inc. increased its position in Texas Roadhouse by 100.0% in the fourth quarter. TFC Financial Management Inc. now owns 580 shares of the restaurateur’s stock, worth $71,000, after buying an additional 290 shares during the period. Institutional investors and hedge funds hold 94.82% of the stock.

About Texas Roadhouse

(Get free report)

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 headquartered in Louisville, Kentucky.

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