Texas Roadhouse (NASDAQ:TXRH) Price Target Increased to $185.00 by Analysts at Truist Financial

Texas Roadhouse (NASDAQ:TXRHFree Report) had its price objective hoisted by Truist Financial from $183.00 to $185.00 in a research note released on Tuesday morning, Benzinga reports. Truist Financial currently has a buy rating on the restaurant operator’s stock.

Several other equities analysts have also recently issued reports on TXRH. Barclays lifted their price objective on Texas Roadhouse from $138.00 to $160.00 and gave the stock an equal weight rating in a report on Friday, May 3rd. BMO Capital Markets raised their price target on Texas Roadhouse from $130.00 to $145.00 and gave the stock a market perform rating in a research report on Friday, May 3rd. Stephens raised their price target on Texas Roadhouse from $150.00 to $164.00 and gave the stock an equal weight rating in a research report on Friday, May 3rd. Stifel Nicolaus raised their price target on Texas Roadhouse from $155.00 to $175.00 and gave the stock a hold rating in a research report on Monday, May 6th. Finally, Jefferies Financial Group raised their price target on Texas Roadhouse from $120.00 to $136.00 and gave the stock a hold rating in a research report on Tuesday, April 16th. Thirteen analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of Hold and an average target price of $157.95.

View Our Latest Stock Report on Texas Roadhouse

Texas Roadhouse Stock Performance

Shares of TXRH stock opened at $166.52 on Tuesday. The stock has a fifty day moving average price of $168.57 and a 200 day moving average price of $149.71. The stock has a market cap of $11.12 billion, a PE ratio of 33.71, a P/E/G ratio of 1.66 and a beta of 1.01. Texas Roadhouse has a 1 year low of $91.06 and a 1 year high of $175.72.

Texas Roadhouse (NASDAQ:TXRHGet Free Report) last issued its quarterly earnings data on Thursday, May 2nd. The restaurant operator reported $1.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.65 by $0.04. The firm had revenue of $1.32 billion during 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 was up 12.5% on a year-over-year basis. During the same period in the previous year, the firm posted $1.28 earnings per share. As a group, equities research analysts predict that Texas Roadhouse will post 6.02 earnings per share for the current year.

Texas Roadhouse Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 25th. Shareholders of record on Wednesday, June 12th were given a dividend of $0.61 per share. This represents a $2.44 dividend on an annualized basis and a yield of 1.47%. The ex-dividend date of this dividend was Wednesday, June 12th. Texas Roadhouse’s dividend payout ratio (DPR) is presently 49.39%.

Insiders Place Their Bets

In other Texas Roadhouse news, CEO Gerald L. Morgan sold 15,000 shares of the business’s stock in a transaction dated Tuesday, May 28th. The stock was sold at an average price of $171.70, for a total transaction of $2,575,500.00. Following the transaction, the chief executive officer now owns 77,847 shares in the company, valued at $13,366,329.90. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In other Texas Roadhouse news, CEO Gerald L. Morgan sold 15,000 shares of the business’s stock in a transaction dated Tuesday, May 28th. The stock was sold at an average price of $171.70, for a total transaction of $2,575,500.00. Following the transaction, the chief executive officer now owns 77,847 shares in the company, valued at $13,366,329.90. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CTO Hernan E. Mujica sold 3,000 shares of the business’s stock in a transaction dated Monday, May 20th. The stock was sold at an average price of $168.60, for a total value of $505,800.00. Following the transaction, the chief technology officer now owns 17,842 shares in the company, valued at approximately $3,008,161.20. The disclosure for this sale can be found here. Insiders have sold a total of 19,025 shares of company stock worth $3,251,266 over the last quarter. 0.50% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Bridgefront Capital LLC acquired a new position in shares of Texas Roadhouse in the fourth quarter worth about $736,000. Bank of Nova Scotia lifted its stake in shares of Texas Roadhouse by 5,135.0% in the fourth quarter. Bank of Nova Scotia now owns 222,538 shares of the restaurant operator’s stock worth $27,200,000 after acquiring an additional 218,287 shares in the last quarter. Comerica Bank acquired a new position in shares of Texas Roadhouse in the third quarter worth about $10,585,000. Los Angeles Capital Management LLC lifted its stake in shares of Texas Roadhouse by 158.3% in the first quarter. Los Angeles Capital Management LLC now owns 22,510 shares of the restaurant operator’s stock worth $3,477,000 after acquiring an additional 13,795 shares in the last quarter. Finally, International Assets Investment Management LLC lifted its stake in shares of Texas Roadhouse by 12,123.2% in the fourth quarter. International Assets Investment Management LLC now owns 13,690 shares of the restaurant operator’s stock worth $1,673,000 after acquiring an additional 13,578 shares in the last quarter. Institutional investors and hedge funds own 94.82% of the company’s stock.

About Texas Roadhouse

(Get Free Report)

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.

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