BMO Capital Markets Boosts Texas Roadhouse (NASDAQ:TXRH) Price Target to $145.00

Texas Roadhouse (NASDAQ:TXRH) had its price objective raised by BMO Capital Markets from $130.00 to $145.00 in a research note issued to investors on Friday morning, Benzinga reports. They currently have a market perform rating on the restaurant operator’s stock.

Several other research firms have also commented on TXRH. Barclays lifted their price target on shares of Texas Roadhouse from $138.00 to $160.00 and gave the company an equal weight rating in a research report on Friday. Royal Bank of Canada boosted their target price on Texas Roadhouse from $145.00 to $165.00 and gave the company a sector perform rating in a research report on Friday. Evercore ISI boosted their target price on Texas Roadhouse from $160.00 to $175.00 and gave the company an outperform rating in a research report on Friday. Citigroup boosted their target price on Texas Roadhouse from $162.00 to $178.00 and gave the company a buy rating in a research report on Wednesday, April 24th. Finally, Morgan Stanley boosted their target price on Texas Roadhouse from $145.00 to $155.00 and gave the company an equal weight rating in a research report on Friday. Thirteen investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Texas Roadhouse presently has an average rating of Hold and a consensus price target of $155.55.

Texas Roadhouse Price Performance

Shares of Texas Roadhouse stock opened at $167.74 on Friday. The stock has a market cap of $11.21 billion, a P/E ratio of 33.96, a P/E/G ratio of 1.73 and a beta of 1.00. The stock’s 50 day simple moving average is $152.85 and its 200-day simple moving average is $130.52. 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 earnings results on Thursday, May 2nd. The restaurant operator reported $1.69 earnings per share for the quarter, topping the consensus estimate of $1.65 by $0.04. The business 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%. The business’s revenue for the quarter was up 12.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.28 EPS. As a group, research analysts expect that Texas Roadhouse will post 5.9 EPS for the current fiscal year.

Texas Roadhouse Increases Dividend

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

Insider Buying and Selling at Texas Roadhouse

In other news, President Regina A. Tobin sold 3,064 shares of the stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $150.07, for a total transaction of $459,814.48. Following the completion of the sale, the president now owns 15,261 shares in the company, valued at $2,290,218.27. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other news, Director Curtis Warfield sold 2,365 shares of the stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $148.68, for a total transaction of $351,628.20. Following the completion of the sale, the director now owns 13,397 shares in the company, valued at $1,991,865.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, President Regina A. Tobin sold 3,064 shares of the 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 sale, the president now owns 15,261 shares of the company’s stock, valued at approximately $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 over the last 90 days. Corporate insiders own 0.50% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. Rise Advisors LLC purchased a new position in Texas Roadhouse during the first quarter worth about $32,000. China Universal Asset Management Co. Ltd. raised its holdings 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 worth $38,000 after purchasing an additional 200 shares in the last quarter. Operose Advisors LLC purchased a new position in Texas Roadhouse during the third quarter worth about $28,000. Fifth Third Bancorp raised its holdings in Texas Roadhouse by 35.8% during the third quarter. Fifth Third Bancorp now owns 474 shares of the restaurant operator’s stock worth $46,000 after purchasing an additional 125 shares in the last quarter. Finally, Fidelis Capital Partners LLC purchased a new position in Texas Roadhouse during the first quarter worth about $76,000. 94.82% of the stock is owned by hedge funds and other 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.