Texas Roadhouse (NASDAQ:TXRH) Price Target Raised to $175.00

Texas Roadhouse (NASDAQ:TXRH) had its price objective raised by BTIG Research from $155.00 to $175.00 in a research note released on Friday morning, Benzinga reports. They currently have a buy rating on the restaurant operator’s stock.

Several other equities analysts also recently commented on the stock. Benchmark assumed coverage on shares of Texas Roadhouse in a report on Wednesday, April 10th. They issued a hold rating on the stock. Wells Fargo & Company boosted their price target on shares of Texas Roadhouse from $125.00 to $140.00 and gave the stock an equal weight rating in a research report on Friday, February 16th. Jefferies Financial Group boosted their price target on shares of Texas Roadhouse from $120.00 to $136.00 and gave the stock a hold rating in a research report on Tuesday, April 16th. Stephens boosted their price target on shares of Texas Roadhouse from $150.00 to $164.00 and gave the stock an equal weight rating in a research report on Friday. Finally, Piper Sandler boosted their price target on shares of Texas Roadhouse from $110.00 to $136.00 and gave the stock a neutral rating in a research report on Tuesday, February 20th. Thirteen research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat, Texas Roadhouse currently has a consensus rating of Hold and an average target price of $155.55.

Texas Roadhouse Stock Performance

TXRH stock opened at $167.74 on Friday. Texas Roadhouse has a one year low of $91.06 and a one year high of $170.39. The company’s fifty day moving average price is $152.85 and its 200-day moving average price is $130.52. The company has a market capitalization of $11.21 billion, a PE ratio of 33.96, a price-to-earnings-growth ratio of 1.73 and a beta of 1.00.

Texas Roadhouse (NASDAQ:TXRH) last released its earnings results on Thursday, May 2nd. The restaurant operator reported $1.69 EPS for the quarter, topping the consensus estimate of $1.65 by $0.04. Texas Roadhouse had a net margin of 6.94% and a return on equity of 28.85%. The firm had revenue of $1.32 billion for the quarter, compared to the consensus estimate of $1.32 billion. During the same quarter in the previous year, the firm earned $1.28 earnings per share. The company’s quarterly revenue was up 12.5% compared to the same quarter last year. On average, research analysts predict that Texas Roadhouse will post 5.9 EPS for the current fiscal year.

Texas Roadhouse Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 26th. Stockholders of record on Wednesday, March 13th were issued a dividend of $0.61 per share. The ex-dividend date was Tuesday, March 12th. This represents a $2.44 annualized dividend and a dividend yield of 1.45%. This is an increase from Texas Roadhouse’s previous quarterly dividend of $0.55. Texas Roadhouse’s dividend payout ratio is 49.39%.

Insider Activity

In other news, President Regina A. Tobin sold 3,064 shares of the company’s stock in a transaction dated Tuesday, March 5th. The shares were 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 in the company, valued at $2,290,218.27. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, President Regina A. Tobin sold 3,064 shares of the stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $150.07, for a total value of $459,814.48. Following the transaction, the president now owns 15,261 shares in the company, valued at approximately $2,290,218.27. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Christopher C. Colson sold 405 shares of the stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $149.05, for a total transaction of $60,365.25. Following the completion of the transaction, the insider now owns 8,500 shares in the company, valued at approximately $1,266,925. The disclosure for this sale can be found here. Insiders have sold a total of 12,382 shares of company stock worth $1,843,145 over the last 90 days. 0.50% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Texas Roadhouse

Several hedge funds and other institutional investors have recently bought and sold shares of TXRH. Rise Advisors LLC acquired a new stake in shares of Texas Roadhouse during the 1st quarter worth approximately $32,000. China Universal Asset Management Co. Ltd. lifted its position in shares of Texas Roadhouse by 454.5% during the 1st quarter. China Universal Asset Management Co. Ltd. now owns 244 shares of the restaurant operator’s stock valued at $38,000 after buying an additional 200 shares in the last quarter. Operose Advisors LLC purchased a new position in shares of Texas Roadhouse during the 3rd quarter valued at approximately $28,000. Fifth Third Bancorp lifted its position in shares of Texas Roadhouse by 35.8% during the 3rd quarter. Fifth Third Bancorp now owns 474 shares of the restaurant operator’s stock valued at $46,000 after buying an additional 125 shares in the last quarter. Finally, Fidelis Capital Partners LLC purchased a new position in shares of Texas Roadhouse during the 1st quarter valued at approximately $76,000. Institutional investors and hedge funds own 94.82% of the company’s stock.

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.