Barclays Increases Texas Roadhouse (NASDAQ:TXRH) Price Target to $160.00

Texas Roadhouse (NASDAQ:TXRH) had its target price hoisted by Barclays from $138.00 to $160.00 in a research note released on Friday morning, Benzinga reports. Barclays 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. Wells Fargo & Company increased their price target on shares of Texas Roadhouse from $125.00 to $140.00 and gave the company an equal weight rating in a research report on Friday, February 16th. Stephens boosted their price objective on shares of Texas Roadhouse from $150.00 to $164.00 and gave the stock an equal weight rating in a report on Friday. Morgan Stanley increased their target price on shares of Texas Roadhouse from $135.00 to $145.00 and gave the company an equal weight rating in a report on Friday, April 12th. Finally, BMO Capital Markets boosted their price target on shares of Texas Roadhouse from $110.00 to $130.00 and gave the stock a market perform rating in a research note on Friday, February 16th. Thirteen analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of Hold and an average target price of $155.55.

Texas Roadhouse Trading Up 2.5 %

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

Texas Roadhouse (NASDAQ:TXRH) last issued its quarterly earnings results on Thursday, May 2nd. The restaurant operator reported $1.69 EPS for the quarter, topping analysts’ consensus estimates 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 analyst estimates of $1.32 billion. During the same quarter in the prior year, the firm earned $1.28 EPS. The business’s revenue for the quarter was up 12.5% compared to the same quarter last year. As a group, sell-side analysts forecast that Texas Roadhouse will post 5.9 EPS for the current fiscal year.

Texas Roadhouse Increases Dividend

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

Insiders Place Their Bets

In other Texas Roadhouse news, insider Christopher C. Colson sold 405 shares of the company’s 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 transaction, the insider now owns 8,500 shares in the company, valued at approximately $1,266,925. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, insider Christopher C. Colson sold 405 shares of the business’s stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $149.05, for a total transaction of $60,365.25. Following the sale, the insider now owns 8,500 shares in the company, valued at approximately $1,266,925. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Gerald L. Morgan sold 5,000 shares of the stock in a transaction dated Thursday, February 29th. The stock was sold at an average price of $147.90, for a total transaction of $739,500.00. Following the completion of the transaction, the chief executive officer now owns 92,847 shares of the company’s stock, valued at $13,732,071.30. The disclosure for this sale can be found here. Insiders sold 12,382 shares of company stock worth $1,843,145 over the last three months. Company insiders own 0.50% of the company’s stock.

Hedge Funds Weigh In On Texas Roadhouse

Large investors have recently made changes to their positions in the business. Operose Advisors LLC purchased a new stake in shares of Texas Roadhouse in the 3rd quarter worth approximately $28,000. Rise Advisors LLC purchased a new stake in shares of Texas Roadhouse in the first quarter worth $32,000. China Universal Asset Management Co. Ltd. increased its holdings in shares of 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 in the last quarter. Fifth Third Bancorp raised its position in shares of Texas Roadhouse by 35.8% in the 3rd quarter. Fifth Third Bancorp now owns 474 shares of the restaurant operator’s stock worth $46,000 after purchasing an additional 125 shares during the last quarter. Finally, TFC Financial Management Inc. boosted its stake in Texas Roadhouse by 100.0% in the 4th quarter. TFC Financial Management Inc. now owns 580 shares of the restaurant operator’s stock worth $71,000 after purchasing an additional 290 shares in the last quarter. 94.82% of the stock is currently owned by hedge funds and other institutional investors.

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.