Texas Roadhouse (NASDAQ:TXRH) PT Raised to $183.00

Texas Roadhouse (NASDAQ:TXRH) had its price target raised by Citigroup from $178.00 to $183.00 in a research note released on Friday, Benzinga reports. They currently have a buy rating on the restaurant operator’s stock.

Other equities analysts have also recently issued research reports about the company. Wedbush boosted their price target on Texas Roadhouse from $170.00 to $180.00 and gave the company an outperform rating in a research report on Friday. Benchmark started coverage on Texas Roadhouse in a research report on Wednesday, April 10th. They issued a hold rating on the stock. Northcoast Research cut Texas Roadhouse from a buy rating to a neutral rating in a research report on Tuesday, February 20th. Evercore ISI boosted their price target on Texas Roadhouse from $160.00 to $175.00 and gave the company an outperform rating in a research report on Friday. Finally, JPMorgan Chase & Co. boosted their price target on Texas Roadhouse from $142.00 to $145.00 and gave the company a neutral rating in a research report on Tuesday, March 19th. Thirteen research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of Hold and an average price target of $155.55.

Texas Roadhouse Stock Performance

Texas Roadhouse stock opened at $167.74 on Friday. Texas Roadhouse has a fifty-two week low of $91.06 and a fifty-two week high of $170.39. The company has a market capitalization of $11.21 billion, a P/E ratio of 33.96, a PEG ratio of 1.73 and a beta of 1.00. The stock has a 50-day simple moving average of $152.85 and a 200-day simple moving average of $130.52.

Texas Roadhouse (NASDAQ:TXRH) last posted 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 during the quarter, compared to the consensus estimate of $1.32 billion. Texas Roadhouse had a return on equity of 28.85% and a net margin of 6.94%. The business’s quarterly revenue was up 12.5% on a year-over-year basis. During the same period in the previous year, the business earned $1.28 EPS. As a group, analysts forecast that Texas Roadhouse will post 5.9 earnings per share for the current year.

Texas Roadhouse Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 26th. Investors of record on Wednesday, March 13th were issued a $0.61 dividend. The ex-dividend date was Tuesday, March 12th. This represents a $2.44 dividend on an annualized basis and a dividend yield of 1.45%. This is a boost 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 related news, President Regina A. Tobin sold 3,064 shares of the company’s stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $150.07, for a total value 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 transaction was disclosed in a filing with the SEC, which is available through this link. In other news, President Regina A. Tobin sold 3,064 shares of the firm’s stock in a transaction on 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 in the company, valued at $2,290,218.27. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, 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 value of $739,500.00. Following the sale, the chief executive officer now owns 92,847 shares in the company, valued at approximately $13,732,071.30. The disclosure for this sale can be found here. Insiders have sold a total of 12,382 shares of company stock worth $1,843,145 in the last quarter. Company insiders own 0.50% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Red Spruce Capital LLC raised its position in Texas Roadhouse by 0.5% in the fourth quarter. Red Spruce Capital LLC now owns 22,359 shares of the restaurant operator’s stock valued at $2,733,000 after purchasing an additional 110 shares during the period. Avior Wealth Management LLC lifted its holdings in shares of Texas Roadhouse by 3.2% in the 4th quarter. Avior Wealth Management LLC now owns 3,579 shares of the restaurant operator’s stock worth $437,000 after purchasing an additional 111 shares during the last quarter. Fifth Third Bancorp increased its holdings 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 acquiring an additional 125 shares during the period. Prospector Partners LLC increased its stake in shares of Texas Roadhouse by 0.4% in the third quarter. Prospector Partners LLC now owns 34,575 shares of the restaurant operator’s stock valued at $3,323,000 after purchasing an additional 150 shares during the period. Finally, Treasurer of the State of North Carolina increased its stake in shares of Texas Roadhouse by 0.5% during the third quarter. Treasurer of the State of North Carolina now owns 29,360 shares of the restaurant operator’s stock valued at $2,821,000 after acquiring an additional 150 shares during the period. Institutional investors and hedge funds 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.