Stifel Nicolaus Raises Texas Roadhouse (NASDAQ:TXRH) Price Target to $175.00

Texas Roadhouse (NASDAQ:TXRH) had its price objective upped by Stifel Nicolaus from $155.00 to $175.00 in a research note released on Monday morning, Benzinga reports. The firm currently has a hold rating on the restaurant operator’s stock.

TXRH has been the subject of several other reports. BMO Capital Markets raised their price target on Texas Roadhouse from $130.00 to $145.00 and gave the company a market perform rating in a report on Friday, May 3rd. Jefferies Financial Group boosted their target price 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. Citigroup increased their price target on shares of Texas Roadhouse from $178.00 to $183.00 and gave the company a buy rating in a report on Friday, May 3rd. UBS Group boosted their price objective on shares of Texas Roadhouse from $145.00 to $155.00 and gave the stock a buy rating in a report on Friday, February 16th. Finally, Evercore ISI increased their target price on shares of Texas Roadhouse from $160.00 to $175.00 and gave the company an outperform rating in a report on Friday, May 3rd. Thirteen investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat, Texas Roadhouse has a consensus rating of Hold and an average target price of $155.55.

Texas Roadhouse Price Performance

NASDAQ:TXRH opened at $165.52 on Monday. The firm has a market cap of $11.06 billion, a price-to-earnings ratio of 33.51, a price-to-earnings-growth ratio of 1.73 and a beta of 1.00. Texas Roadhouse has a 1-year low of $91.06 and a 1-year high of $170.39. The firm’s fifty day moving average price is $153.53 and its 200 day moving average price is $131.25.

Texas Roadhouse (NASDAQ:TXRH) last issued its earnings results 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 business had revenue of $1.32 billion for the quarter, compared to the consensus estimate of $1.32 billion. Texas Roadhouse had a net margin of 6.94% and a return on equity of 28.85%. The business’s quarterly revenue was up 12.5% compared to the same quarter last year. During the same quarter in the previous 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 fiscal year.

Texas Roadhouse Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 26th. Stockholders of record on Wednesday, March 13th were given a $0.61 dividend. This represents a $2.44 dividend on an annualized basis and a dividend yield of 1.47%. The ex-dividend date was Tuesday, March 12th. This is a positive change from Texas Roadhouse’s previous quarterly dividend of $0.55. Texas Roadhouse’s payout ratio is currently 49.39%.

Insider Activity at Texas Roadhouse

In other Texas Roadhouse news, CEO Gerald L. Morgan sold 5,000 shares of Texas Roadhouse 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 sale, the chief executive officer now directly owns 92,847 shares of the company’s stock, valued at approximately $13,732,071.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CEO Gerald L. Morgan sold 5,000 shares of the firm’s stock in a transaction on Thursday, February 29th. The stock was sold at an average price of $147.90, for a total transaction of $739,500.00. Following the sale, the chief executive officer now owns 92,847 shares in the company, valued at $13,732,071.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Christopher C. Colson sold 405 shares of the company’s stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $149.05, for a total value of $60,365.25. Following the completion of the transaction, the insider now owns 8,500 shares of the company’s stock, valued at $1,266,925. 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 Investors Weigh In On Texas Roadhouse

Hedge funds have recently modified their holdings of the stock. Rise Advisors LLC acquired a new position in Texas Roadhouse during the first quarter worth approximately $32,000. China Universal Asset Management Co. Ltd. increased its holdings 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 worth $38,000 after buying an additional 200 shares during the last quarter. Operose Advisors LLC purchased a new position in shares of Texas Roadhouse in the 3rd quarter worth $28,000. Fifth Third Bancorp boosted its holdings in Texas Roadhouse by 35.8% in the third quarter. Fifth Third Bancorp now owns 474 shares of the restaurant operator’s stock valued at $46,000 after acquiring an additional 125 shares during the last quarter. Finally, Fidelis Capital Partners LLC acquired a new position in Texas Roadhouse in the first quarter valued at $76,000. 94.82% of the stock is 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.