Texas Roadhouse (NASDAQ:TXRH) Reaches New 52-Week High – Should You Buy?

Texas Roadhouse, Inc. (NASDAQ:TXRH) hit a new 52-week high on Wednesday . The stock traded as high as $201.35 and last traded at $201.26, with a volume of 328458 shares traded. The stock had previously closed at $196.19.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the stock. Wedbush boosted their price target on shares of Texas Roadhouse from $190.00 to $200.00 and gave the company an “outperform” rating in a report on Friday, October 25th. BTIG Research raised their target price on shares of Texas Roadhouse from $175.00 to $190.00 and gave the company a “buy” rating in a research note on Friday, July 26th. Loop Capital dropped their target price on Texas Roadhouse from $215.00 to $209.00 and set a “buy” rating on the stock in a report on Monday, October 28th. 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. Finally, Royal Bank of Canada lifted their price target on Texas Roadhouse from $175.00 to $185.00 and gave the company a “sector perform” rating in a research report on Friday, October 25th. Twelve analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $189.00.

Texas Roadhouse Stock Down 0.8 %

The firm has a market cap of $13.27 billion, a price-to-earnings ratio of 34.18, a PEG ratio of 1.71 and a beta of 0.98. The company has a 50-day moving average price of $178.88 and a 200 day moving average price of $172.19.

Texas Roadhouse (NASDAQ:TXRH) last released its earnings results on Thursday, October 24th. The restaurant operator reported $1.26 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.32 by ($0.06). Texas Roadhouse had a return on equity of 31.33% and a net margin of 7.65%. The company had revenue of $1.27 billion during the quarter, compared to analysts’ expectations of $1.27 billion. During the same quarter in the previous year, the company earned $0.95 EPS. The firm’s quarterly revenue was up 13.5% compared to the same quarter last year. Equities analysts forecast that Texas Roadhouse, Inc. will post 6.39 EPS for the current year.

Texas Roadhouse Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 10th will be given a dividend of $0.61 per share. This represents a $2.44 annualized dividend and a yield of 1.23%. The ex-dividend date is Tuesday, December 10th. Texas Roadhouse’s payout ratio is 41.92%.

Insider Activity

In other news, Director Donna E. Epps sold 610 shares of the firm’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 sale, the director now owns 3,532 shares in the company, valued at approximately $691,071.12. This trade represents a 14.73 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.50% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Texas Roadhouse

Institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its position in Texas Roadhouse by 0.8% in the first quarter. Vanguard Group Inc. now owns 6,476,056 shares of the restaurant operator’s stock valued at $1,000,356,000 after buying an additional 53,419 shares in the last quarter. Geneva Capital Management LLC boosted its holdings in shares of Texas Roadhouse by 0.4% in the 3rd quarter. Geneva Capital Management LLC now owns 922,405 shares of the restaurant operator’s stock worth $162,897,000 after acquiring an additional 3,584 shares in the last quarter. AQR Capital Management LLC boosted its holdings in shares of Texas Roadhouse by 22.3% in the 2nd quarter. AQR Capital Management LLC now owns 909,847 shares of the restaurant operator’s stock worth $156,230,000 after acquiring an additional 165,738 shares in the last quarter. FMR LLC increased its holdings in Texas Roadhouse by 81.6% during the 3rd quarter. FMR LLC now owns 898,522 shares of the restaurant operator’s stock valued at $158,679,000 after purchasing an additional 403,720 shares in the last quarter. Finally, Marshall Wace LLP raised its position in Texas Roadhouse by 128.9% in the 2nd quarter. Marshall Wace LLP now owns 765,096 shares of the restaurant operator’s stock valued at $131,375,000 after purchasing an additional 430,814 shares during the last quarter. 94.82% of the stock is owned by institutional investors and hedge funds.

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.