Texas Roadhouse (NASDAQ:TXRH) PT Raised to $175.00

Texas Roadhouse (NASDAQ:TXRH) had its price objective hoisted by Stifel Nicolaus from $155.00 to $175.00 in a report issued on Monday, Benzinga reports. Stifel Nicolaus currently has a hold rating on the restaurant operator’s stock.

A number of other equities analysts have also weighed in on TXRH. Jefferies Financial Group increased their target price on Texas Roadhouse from $120.00 to $136.00 and gave the stock a hold rating in a research note on Tuesday, April 16th. Wells Fargo & Company upped their price target on shares of Texas Roadhouse from $140.00 to $165.00 and gave the company an equal weight rating in a research note on Friday. Evercore ISI lifted their price objective on shares of Texas Roadhouse from $160.00 to $175.00 and gave the stock an outperform rating in a research note on Friday. Morgan Stanley increased their target price on shares of Texas Roadhouse from $145.00 to $155.00 and gave the stock an equal weight rating in a research report on Friday. Finally, Northcoast Research cut Texas Roadhouse from a buy rating to a neutral rating in a research note on Tuesday, February 20th. Thirteen equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of Hold and an average price target of $155.55.

Texas Roadhouse Stock Up 2.5 %

TXRH opened at $167.74 on Monday. Texas Roadhouse has a 12-month low of $91.06 and a 12-month high of $170.39. The business has a 50 day moving average of $152.85 and a 200-day moving average of $130.52. The stock has a market cap of $11.21 billion, a price-to-earnings ratio of 33.96, a PEG ratio of 1.73 and a beta of 1.00.

Texas Roadhouse (NASDAQ:TXRH) last issued its quarterly earnings data on Thursday, May 2nd. The restaurant operator reported $1.69 earnings per share for the quarter, beating the consensus estimate of $1.65 by $0.04. The company had revenue of $1.32 billion for the quarter, compared to analyst estimates of $1.32 billion. Texas Roadhouse had a net margin of 6.94% and a return on equity of 28.85%. The company’s revenue was up 12.5% on a year-over-year basis. During the same period in the prior year, the firm earned $1.28 earnings per share. As a group, analysts expect that Texas Roadhouse will post 5.9 earnings per share for the current year.

Texas Roadhouse Increases Dividend

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

Insiders Place Their Bets

In related news, CEO Gerald L. Morgan sold 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 29th. The shares were sold at an average price of $147.90, for a total value of $739,500.00. Following the completion of the transaction, the chief executive officer now owns 92,847 shares in the company, valued at approximately $13,732,071.30. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. In related news, Director Donna E. Epps sold 670 shares of Texas Roadhouse stock in a transaction on Thursday, March 7th. The shares were sold at an average price of $149.97, for a total transaction of $100,479.90. Following the completion of the transaction, the director now owns 4,142 shares of the company’s stock, valued at $621,175.74. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Gerald L. Morgan sold 5,000 shares of the company’s stock in a transaction on Thursday, February 29th. The shares were sold at an average price of $147.90, for a total transaction of $739,500.00. Following the sale, the chief executive officer now directly owns 92,847 shares in the company, valued at approximately $13,732,071.30. The disclosure for this sale can be found here. Insiders sold a total of 12,382 shares of company stock valued at $1,843,145 in the last 90 days. Corporate insiders own 0.50% of the company’s stock.

Institutional Investors Weigh In On Texas Roadhouse

A number of hedge funds have recently added to or reduced their stakes in TXRH. SG Americas Securities LLC increased its stake in shares of Texas Roadhouse by 234.5% in the 1st quarter. SG Americas Securities LLC now owns 6,342 shares of the restaurant operator’s stock valued at $980,000 after acquiring an additional 4,446 shares in the last quarter. Empowered Funds LLC acquired a new position in shares of Texas Roadhouse during the first quarter valued at about $998,000. Sciencast Management LP bought a new position in shares of Texas Roadhouse during the 1st quarter worth about $685,000. Quantbot Technologies LP acquired a new stake in shares of Texas Roadhouse in the 1st quarter valued at about $3,586,000. Finally, Texas Permanent School Fund Corp raised its stake in Texas Roadhouse by 1.3% during the 1st quarter. Texas Permanent School Fund Corp now owns 58,448 shares of the restaurant operator’s stock worth $9,028,000 after buying an additional 757 shares during the period. 94.82% of the stock is currently owned by institutional investors.

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.