Texas Roadhouse (NASDAQ:TXRH) Price Target Increased to $136.00 by Analysts at Jefferies Financial Group

Texas Roadhouse (NASDAQ:TXRH) had its price target boosted by Jefferies Financial Group from $120.00 to $136.00 in a research report report published on Tuesday, Benzinga reports. They currently have a hold rating on the restaurant operator’s stock.

Other equities analysts have also recently issued research reports about the company. Benchmark started coverage on Texas Roadhouse in a research note on Wednesday, April 10th. They issued a hold rating for the company. Truist Financial boosted their target price on Texas Roadhouse from $152.00 to $168.00 and gave the stock a buy rating in a research note on Tuesday, April 2nd. Wedbush boosted their target price on Texas Roadhouse from $160.00 to $170.00 and gave the stock an outperform rating in a research note on Friday, April 5th. Piper Sandler boosted their target price on Texas Roadhouse from $110.00 to $136.00 and gave the stock a neutral rating in a research note on Tuesday, February 20th. Finally, Wells Fargo & Company boosted their target price on Texas Roadhouse from $125.00 to $140.00 and gave the stock an equal weight rating in a research note on Friday, February 16th. Twelve analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of Hold and a consensus target price of $136.05.

Texas Roadhouse Stock Performance

Shares of TXRH opened at $150.82 on Tuesday. The stock has a 50-day simple moving average of $148.34 and a 200-day simple moving average of $124.44. The stock has a market capitalization of $10.08 billion, a PE ratio of 33.29, a PEG ratio of 1.63 and a beta of 0.99. Texas Roadhouse has a 1 year low of $91.06 and a 1 year high of $157.12.

Texas Roadhouse (NASDAQ:TXRH) last announced its quarterly earnings data on Thursday, February 15th. The restaurant operator reported $1.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.07 by $0.01. The business had revenue of $1.16 billion during the quarter, compared to analysts’ expectations of $1.16 billion. Texas Roadhouse had a return on equity of 27.43% and a net margin of 6.58%. The business’s quarterly revenue was up 15.3% compared to the same quarter last year. During the same quarter last year, the business posted $0.89 EPS. Analysts predict that Texas Roadhouse will post 5.73 EPS for the current year.

Texas Roadhouse Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 26th. Stockholders of record on Wednesday, March 13th were issued a $0.61 dividend. The ex-dividend date of this dividend was Tuesday, March 12th. This represents a $2.44 dividend on an annualized basis and a dividend yield of 1.62%. This is a positive change from Texas Roadhouse’s previous quarterly dividend of $0.55. Texas Roadhouse’s payout ratio is presently 53.86%.

Insider Activity

In related news, President Regina A. Tobin sold 3,064 shares of the company’s stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $150.07, for a total transaction of $459,814.48. Following the transaction, the president now owns 15,261 shares of the company’s stock, valued at $2,290,218.27. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Texas Roadhouse news, CTO Hernan E. Mujica sold 878 shares of the business’s stock in a transaction on Wednesday, February 28th. The stock was sold at an average price of $149.61, for a total transaction of $131,357.58. Following the sale, the chief technology officer now directly owns 22,361 shares in the company, valued at $3,345,429.21. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, President Regina A. Tobin sold 3,064 shares of the business’s stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $150.07, for a total value of $459,814.48. Following the sale, the president now owns 15,261 shares in the company, valued at $2,290,218.27. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 12,382 shares of company stock valued at $1,843,145. Company insiders own 0.50% of the company’s stock.

Institutional Trading of Texas Roadhouse

A number of institutional investors have recently bought and sold shares of the company. Janiczek Wealth Management LLC boosted its position in Texas Roadhouse by 13.5% during the first quarter. Janiczek Wealth Management LLC now owns 1,607 shares of the restaurant operator’s stock worth $248,000 after purchasing an additional 191 shares in the last quarter. Counterpoint Mutual Funds LLC purchased a new stake in Texas Roadhouse during the first quarter worth $523,000. Global Assets Advisory LLC purchased a new stake in Texas Roadhouse during the first quarter worth $2,565,000. Bridge City Capital LLC boosted its position in Texas Roadhouse by 0.8% during the first quarter. Bridge City Capital LLC now owns 19,245 shares of the restaurant operator’s stock worth $2,973,000 after purchasing an additional 150 shares in the last quarter. Finally, Running Oak Capital LLC boosted its position in Texas Roadhouse by 5.1% during the first quarter. Running Oak Capital LLC now owns 84,470 shares of the restaurant operator’s stock worth $13,048,000 after purchasing an additional 4,126 shares in the last quarter. 94.82% of the stock is currently owned by hedge funds and other institutional investors.

About Texas Roadhouse

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.