Texas Roadhouse (NASDAQ:TXRH) PT Raised to $165.00

Texas Roadhouse (NASDAQ:TXRH) had its price objective increased by Wells Fargo & Company from $140.00 to $165.00 in a research report report published on Friday morning, Benzinga reports. The firm currently has an equal weight rating on the restaurant operator’s stock.

Other equities analysts have also recently issued reports about the company. Northcoast Research cut Texas Roadhouse from a buy rating to a neutral rating in a report on Tuesday, February 20th. UBS Group lifted their price target on Texas Roadhouse from $145.00 to $155.00 and gave the stock a buy rating in a research note on Friday, February 16th. Stephens lifted their price target on Texas Roadhouse from $150.00 to $164.00 and gave the stock an equal weight rating in a research note on Friday. BTIG Research lifted their price target on Texas Roadhouse from $155.00 to $175.00 and gave the stock a buy rating in a research note on Friday. Finally, Citigroup lifted their price target on Texas Roadhouse from $162.00 to $178.00 and gave the stock a buy rating in a research note on Wednesday, April 24th. 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.com, the stock presently has an average rating of Hold and an average price target of $155.55.

Texas Roadhouse Trading Up 2.5 %

Shares of NASDAQ TXRH opened at $167.74 on Friday. The stock has a market cap of $11.21 billion, a price-to-earnings ratio of 33.96, a P/E/G 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 stock’s 50-day moving average is $152.85 and its 200 day moving average is $130.52.

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

Texas Roadhouse Increases Dividend

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

Insider Transactions at Texas Roadhouse

In other news, Director Donna E. Epps sold 670 shares of the business’s stock in a transaction on Thursday, March 7th. The stock was sold at an average price of $149.97, for a total value of $100,479.90. Following the completion of the transaction, the director now owns 4,142 shares in the company, valued at $621,175.74. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, insider Christopher C. Colson sold 405 shares of the business’s stock in a transaction on Friday, February 23rd. The stock was 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 in the company, valued at $1,266,925. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Donna E. Epps sold 670 shares of the business’s stock in a transaction on Thursday, March 7th. The stock was sold at an average price of $149.97, for a total value of $100,479.90. Following the completion of the transaction, the director now owns 4,142 shares of the company’s stock, valued at approximately $621,175.74. The disclosure for this sale can be found here. Insiders sold 12,382 shares of company stock worth $1,843,145 over the last quarter. 0.50% of the stock is currently owned by insiders.

Institutional Trading of Texas Roadhouse

Hedge funds have recently bought and sold shares of the company. Rise Advisors LLC purchased a new stake in Texas Roadhouse during the first quarter valued at $32,000. China Universal Asset Management Co. Ltd. increased its position in Texas Roadhouse by 454.5% during the first quarter. China Universal Asset Management Co. Ltd. now owns 244 shares of the restaurant operator’s stock valued at $38,000 after acquiring an additional 200 shares during the last quarter. Operose Advisors LLC purchased a new stake in Texas Roadhouse during the third quarter valued at $28,000. Fifth Third Bancorp increased its position in Texas Roadhouse by 35.8% during 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 purchased a new stake in Texas Roadhouse during the first quarter valued at $76,000. Hedge funds and other institutional investors 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.