Texas Roadhouse (NASDAQ:TXRH) Price Target Raised to $164.00

Texas Roadhouse (NASDAQ:TXRH) had its price target lifted by Stephens from $150.00 to $164.00 in a report issued on Friday, Benzinga reports. They currently have an equal weight rating on the restaurant operator’s stock.

Several other equities analysts have also weighed in on TXRH. UBS Group raised their target price on Texas Roadhouse from $145.00 to $155.00 and gave the company a buy rating in a report on Friday, February 16th. Piper Sandler upped their target price on shares of Texas Roadhouse from $110.00 to $136.00 and gave the stock a neutral rating in a report on Tuesday, February 20th. Wells Fargo & Company upped 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. Wedbush raised their price objective on shares of Texas Roadhouse from $170.00 to $180.00 and gave the company an outperform rating in a research note on Friday. Finally, Truist Financial lifted their price target on shares of Texas Roadhouse from $152.00 to $168.00 and gave the stock a buy rating in a research report on Tuesday, April 2nd. Twelve research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat, Texas Roadhouse currently has a consensus rating of Hold and a consensus price target of $151.30.

Texas Roadhouse Stock Up 3.6 %

NASDAQ TXRH traded up $5.71 on Friday, reaching $163.61. 1,640,850 shares of the stock traded hands, compared to its average volume of 835,599. The firm’s fifty day simple moving average is $152.50 and its 200 day simple moving average is $129.54. Texas Roadhouse has a 12 month low of $91.06 and a 12 month high of $170.39. The company has a market cap of $10.93 billion, a price-to-earnings ratio of 33.12, a P/E/G ratio of 1.71 and a beta of 1.00.

Texas Roadhouse (NASDAQ:TXRH) last announced 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. The company had revenue of $1.32 billion during the quarter, compared to analysts’ expectations of $1.32 billion. Texas Roadhouse had a net margin of 6.94% and a return on equity of 29.49%. The business’s revenue for the quarter was up 12.5% on a year-over-year basis. During the same period last year, the company posted $1.28 earnings per share. As a group, equities research analysts forecast that Texas Roadhouse will post 5.77 EPS for the current fiscal year.

Texas Roadhouse Increases Dividend

The firm 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. This represents a $2.44 annualized dividend and a dividend yield of 1.49%. The ex-dividend date of this dividend was Tuesday, March 12th. This is a positive change from Texas Roadhouse’s previous quarterly dividend of $0.55. Texas Roadhouse’s dividend payout ratio is currently 49.39%.

Insider Buying and Selling

In other Texas Roadhouse news, Director Donna E. Epps sold 670 shares of the firm’s stock in a transaction that occurred 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 directly owns 4,142 shares of the company’s stock, valued at approximately $621,175.74. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other news, Director Donna E. Epps sold 670 shares of the company’s stock in a transaction that occurred on Thursday, March 7th. The stock was 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 directly owns 4,142 shares of the company’s stock, valued at approximately $621,175.74. The sale was disclosed in a filing with the SEC, which is available at this link. Also, President Regina A. Tobin sold 3,064 shares of the firm’s stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $150.07, for a total transaction of $459,814.48. Following the completion of the transaction, the president now directly owns 15,261 shares in the company, valued at $2,290,218.27. The disclosure for this sale can be found here. Insiders sold 12,382 shares of company stock worth $1,843,145 in the last three months. Corporate insiders own 0.50% of the company’s stock.

Institutional Investors Weigh In On Texas Roadhouse

A number of institutional investors have recently made changes to their positions in the stock. Larson Financial Group LLC grew its stake in shares of Texas Roadhouse by 997.3% in the first quarter. Larson Financial Group LLC now owns 1,613 shares of the restaurant operator’s stock worth $249,000 after acquiring an additional 1,466 shares in the last quarter. GSA Capital Partners LLP purchased a new position in Texas Roadhouse during the 1st quarter worth approximately $1,707,000. BI Asset Management Fondsmaeglerselskab A S acquired a new position in shares of Texas Roadhouse in the 1st quarter valued at $1,011,000. Central Pacific Bank Trust Division purchased a new stake in shares of Texas Roadhouse in the first quarter valued at about $183,000. Finally, Fidelis Capital Partners LLC acquired a new stake in shares of Texas Roadhouse during the first quarter worth $76,000. 94.82% of the stock is currently owned by institutional investors and hedge funds.

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.