Texas Roadhouse (NASDAQ:TXRH) Given New $110.00 Price Target at Stifel Nicolaus

Texas Roadhouse (NASDAQ:TXRH – Get Rating) had its price objective increased by Stifel Nicolaus from $105.00 to $110.00 in a research note issued to investors on Tuesday morning, The Fly reports.

A number of other analysts have also issued reports on the company. Loop Capital lifted their price target on Texas Roadhouse from $124.00 to $131.00 in a research note on Friday, May 5th. Robert W. Baird increased their price target on Texas Roadhouse from $105.00 to $112.00 in a report on Friday, May 5th. Wedbush increased their price target on shares of Texas Roadhouse from $111.00 to $114.00 and gave the company an outperform rating in a research note on Friday, February 17th. Morgan Stanley boosted their price objective on shares of Texas Roadhouse from $102.00 to $106.00 and gave the company an equal weight rating in a report on Monday, April 17th. Finally, Citigroup cut their price target on shares of Texas Roadhouse from $133.00 to $124.00 in a research note on Friday, May 5th. Ten research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, Texas Roadhouse currently has a consensus rating of Hold and an average price target of $112.72.

Texas Roadhouse Price Performance

Shares of TXRH stock opened at $110.85 on Tuesday. The company has a market cap of $7.43 billion, a price-to-earnings ratio of 26.79, a PEG ratio of 1.44 and a beta of 0.95. The stock has a 50 day simple moving average of $108.83 and a 200-day simple moving average of $102.71. Texas Roadhouse has a 1-year low of $68.58 and a 1-year high of $116.72.

Texas Roadhouse (NASDAQ:TXRH – Get Rating) last released its earnings results on Thursday, May 4th. The restaurant operator reported $1.28 EPS for the quarter, missing analysts’ consensus estimates of $1.39 by ($0.11). The company had revenue of $1.17 billion for the quarter, compared to analysts’ expectations of $1.15 billion. Texas Roadhouse had a return on equity of 27.79% and a net margin of 6.69%. The firm’s revenue for the quarter was up 18.9% on a year-over-year basis. During the same period in the prior year, the firm earned $1.08 EPS. Analysts anticipate that Texas Roadhouse will post 4.66 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 Friday, June 23rd. Investors of record on Wednesday, June 7th will be given a $0.55 dividend. The ex-dividend date is Tuesday, June 6th. This represents a $2.20 dividend on an annualized basis and a yield of 1.98%. Texas Roadhouse’s payout ratio is currently 52.76%.

Insider Transactions at Texas Roadhouse

In other Texas Roadhouse news, President Regina A. Tobin sold 2,215 shares of the stock in a transaction on Friday, February 24th. The stock was sold at an average price of $103.84, for a total value of $230,005.60. Following the completion of the transaction, the president now owns 13,248 shares in the company, valued at $1,375,672.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other Texas Roadhouse news, CMO S. Chris Jacobsen sold 3,487 shares of the company’s stock in a transaction dated Tuesday, April 4th. The shares were sold at an average price of $110.06, for a total transaction of $383,779.22. Following the transaction, the chief marketing officer now directly owns 23,879 shares in the company, valued at $2,628,122.74. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, President Regina A. Tobin sold 2,215 shares of the business’s stock in a transaction on Friday, February 24th. The stock was sold at an average price of $103.84, for a total value of $230,005.60. Following the sale, the president now owns 13,248 shares in the company, valued at $1,375,672.32. The disclosure for this sale can be found here. In the last three months, insiders sold 15,202 shares of company stock valued at $1,661,105. Corporate 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 stock. Securian Asset Management Inc. boosted its stake in shares of Texas Roadhouse by 1.6% during the 4th quarter. Securian Asset Management Inc. now owns 6,162 shares of the restaurant operator’s stock valued at $560,000 after buying an additional 100 shares during the period. Meritage Portfolio Management grew its holdings in Texas Roadhouse by 3.6% in the 4th quarter. Meritage Portfolio Management now owns 3,049 shares of the restaurant operator’s stock valued at $277,000 after buying an additional 107 shares during the last quarter. Metropolitan Life Insurance Co NY grew its holdings in Texas Roadhouse by 3.1% in the 4th quarter. Metropolitan Life Insurance Co NY now owns 4,121 shares of the restaurant operator’s stock valued at $375,000 after buying an additional 124 shares during the last quarter. Metropolitan Life Insurance Co. NY boosted its holdings in Texas Roadhouse by 3.1% in the 4th quarter. Metropolitan Life Insurance Co. NY now owns 4,121 shares of the restaurant operator’s stock valued at $375,000 after purchasing an additional 124 shares during the period. Finally, First Republic Investment Management Inc. raised its holdings in Texas Roadhouse by 0.8% in the 1st quarter. First Republic Investment Management Inc. now owns 16,561 shares of the restaurant operator’s stock valued at $1,790,000 after acquiring an additional 124 shares in the last quarter. Hedge funds and other institutional investors own 97.52% of the company’s stock.

Texas Roadhouse Company Profile

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Texas Roadhouse, Inc is a full-service, casual dining restaurant chain, which offers assorted seasoned and aged steaks hand-cut daily on the premises and cooked to order over open gas-fired grills. It operates restaurants under the Texas Roadhouse and Aspen Creek names. The firm also offers its guests a selection of ribs, fish, seafood, chicken, pork chops, pulled pork and vegetable plates, an assortment of hamburgers, salads and sandwiches.