Texas Roadhouse (NASDAQ:TXRH) Price Target Raised to $175.00 at Evercore ISI

Texas Roadhouse (NASDAQ:TXRH) had its price target raised by Evercore ISI from $160.00 to $175.00 in a research note issued to investors on Friday, Benzinga reports. The firm currently has an outperform rating on the restaurant operator’s stock.

A number of other brokerages have also recently commented on TXRH. Benchmark initiated coverage on shares of Texas Roadhouse in a report on Wednesday, April 10th. They set a hold rating on the stock. Citigroup raised their target price on shares of Texas Roadhouse from $162.00 to $178.00 and gave the company a buy rating in a research note on Wednesday, April 24th. Wedbush boosted their price target on Texas Roadhouse from $170.00 to $180.00 and gave the stock an outperform rating in a research report on Friday. Northcoast Research cut Texas Roadhouse from a buy rating to a neutral rating in a research note on Tuesday, February 20th. Finally, Truist Financial increased their target price on Texas Roadhouse from $170.00 to $181.00 and gave the stock a buy rating in a research note on Friday. Twelve equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of Hold and a consensus price target of $151.30.

Texas Roadhouse Trading Up 3.6 %

NASDAQ TXRH traded up $5.71 during trading on Friday, hitting $163.61. The company had a trading volume of 1,640,850 shares, compared to its average volume of 835,599. The company’s fifty day moving average is $152.50 and its 200-day moving average is $129.54. Texas Roadhouse has a one year low of $91.06 and a one year high of $170.39. The company has a market cap of $10.93 billion, a price-to-earnings ratio of 33.12, a price-to-earnings-growth ratio of 1.71 and a beta of 1.00.

Texas Roadhouse (NASDAQ:TXRH) last issued its quarterly earnings data on Thursday, May 2nd. The restaurant operator reported $1.69 EPS for the quarter, topping the consensus estimate of $1.65 by $0.04. The business had revenue of $1.32 billion during the quarter, compared to analyst estimates of $1.32 billion. Texas Roadhouse had a net margin of 6.94% and a return on equity of 29.49%. Texas Roadhouse’s quarterly revenue was up 12.5% compared to the same quarter last year. During the same period last year, the business posted $1.28 earnings per share. As a group, equities analysts anticipate that Texas Roadhouse will post 5.77 EPS for the current year.

Texas Roadhouse Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 26th. Investors of record on Wednesday, March 13th were issued a $0.61 dividend. This is an increase from Texas Roadhouse’s previous quarterly dividend of $0.55. The ex-dividend date of this dividend was Tuesday, March 12th. This represents a $2.44 dividend on an annualized basis and a dividend yield of 1.49%. Texas Roadhouse’s dividend payout ratio (DPR) is presently 49.39%.

Insider Activity at Texas Roadhouse

In other Texas Roadhouse news, Director Curtis Warfield sold 2,365 shares of the stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $148.68, for a total value of $351,628.20. Following the transaction, the director now directly owns 13,397 shares in the company, valued at $1,991,865.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, insider Christopher C. Colson sold 405 shares of the business’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 completion of the transaction, the insider now directly owns 8,500 shares in the company, valued at approximately $1,266,925. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Curtis Warfield sold 2,365 shares of the stock in a transaction that occurred on Tuesday, February 20th. The stock was 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 directly owns 13,397 shares of the company’s stock, valued at $1,991,865.96. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 12,382 shares of company stock worth $1,843,145. 0.50% of the stock is owned by company insiders.

Institutional Trading of Texas Roadhouse

A number of hedge funds and other institutional investors have recently modified their holdings of TXRH. Red Spruce Capital LLC boosted its holdings in Texas Roadhouse by 0.5% in the 4th quarter. Red Spruce Capital LLC now owns 22,359 shares of the restaurant operator’s stock worth $2,733,000 after buying an additional 110 shares during the period. Avior Wealth Management LLC lifted its holdings in 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 in the last quarter. Fifth Third Bancorp lifted its holdings in 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 in the last quarter. Prospector Partners LLC boosted its stake in Texas Roadhouse by 0.4% in the 3rd quarter. Prospector Partners LLC now owns 34,575 shares of the restaurant operator’s stock worth $3,323,000 after purchasing an additional 150 shares during the period. Finally, Treasurer of the State of North Carolina grew its holdings in Texas Roadhouse by 0.5% during the 3rd 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 buying an additional 150 shares in the last quarter. 94.82% of the stock is 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.