Texas Roadhouse (NASDAQ:TXRH) Price Target Increased to $181.00 by Analysts at Truist Financial

Texas Roadhouse (NASDAQ:TXRH) had its target price raised by Truist Financial from $170.00 to $181.00 in a research note released on Friday, Benzinga reports. They currently have a buy rating on the restaurant operator’s stock.

A number of other research analysts also recently issued reports on the company. Jefferies Financial Group lifted their price target on Texas Roadhouse from $120.00 to $136.00 and gave the company a hold rating in a report on Tuesday, April 16th. Benchmark started coverage on shares of Texas Roadhouse in a report on Wednesday, April 10th. They issued a hold rating for the company. Wedbush increased their price target on shares of Texas Roadhouse from $170.00 to $180.00 and gave the company an outperform rating in a research report on Friday. Stephens lifted their price objective on shares of Texas Roadhouse from $150.00 to $164.00 and gave the stock an equal weight rating in a research report on Friday. Finally, 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 research report on Friday, April 12th. Twelve investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat.com, Texas Roadhouse currently has a consensus rating of Hold and a consensus target price of $152.59.

Texas Roadhouse Stock Up 3.6 %

TXRH opened at $163.61 on Friday. Texas Roadhouse has a 52 week low of $91.06 and a 52 week high of $170.39. The company has a market capitalization of $10.93 billion, a P/E ratio of 33.12, a PEG ratio of 1.73 and a beta of 1.00. The stock’s fifty day moving average is $152.50 and its two-hundred day moving average is $130.02.

Texas Roadhouse (NASDAQ:TXRH) last posted its earnings results on Thursday, May 2nd. The restaurant operator reported $1.69 EPS for the quarter, beating 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 business had revenue of $1.32 billion for the quarter, compared to the consensus estimate of $1.32 billion. During the same quarter last year, the firm posted $1.28 EPS. The company’s revenue for the quarter was up 12.5% on a year-over-year basis. Equities analysts anticipate that Texas Roadhouse will post 5.9 earnings per share for the current year.

Texas Roadhouse Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 26th. Stockholders of record on Wednesday, March 13th were paid a $0.61 dividend. This represents a $2.44 annualized dividend and a dividend yield of 1.49%. The ex-dividend date was Tuesday, March 12th. This is a positive change from Texas Roadhouse’s previous quarterly dividend of $0.55. Texas Roadhouse’s dividend payout ratio is 49.39%.

Insider Transactions at Texas Roadhouse

In other Texas Roadhouse news, Director Donna E. Epps sold 670 shares of the company’s stock in a transaction dated Thursday, March 7th. The shares were sold at an average price of $149.97, for a total value of $100,479.90. Following the transaction, the director now owns 4,142 shares of the company’s stock, valued at $621,175.74. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other Texas Roadhouse news, Director Donna E. Epps sold 670 shares of the business’s stock in a transaction that occurred on Thursday, March 7th. The stock was sold at an average price of $149.97, for a total value of $100,479.90. Following the sale, the director now owns 4,142 shares of the company’s stock, valued at $621,175.74. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 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 value of $739,500.00. Following the transaction, the chief executive officer now directly owns 92,847 shares in the company, valued at approximately $13,732,071.30. The disclosure for this sale can be found here. In the last ninety days, insiders sold 12,382 shares of company stock worth $1,843,145. 0.50% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Texas Permanent School Fund Corp increased its holdings in Texas Roadhouse by 1.3% during the 1st quarter. Texas Permanent School Fund Corp now owns 58,448 shares of the restaurant operator’s stock worth $9,028,000 after purchasing an additional 757 shares during the period. Larson Financial Group LLC grew its holdings in Texas Roadhouse by 997.3% during the 1st quarter. Larson Financial Group LLC now owns 1,613 shares of the restaurant operator’s stock worth $249,000 after acquiring an additional 1,466 shares in the last quarter. GSA Capital Partners LLP purchased a new stake in shares of Texas Roadhouse during the 1st quarter worth $1,707,000. BI Asset Management Fondsmaeglerselskab A S acquired a new position in shares of Texas Roadhouse during the first quarter worth $1,011,000. Finally, Central Pacific Bank Trust Division purchased a new stake in Texas Roadhouse during the 1st quarter worth about $183,000. 94.82% of the stock is currently 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.