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

Texas Roadhouse (NASDAQ:TXRH) had its price target hoisted by Truist Financial from $181.00 to $183.00 in a research note published on Monday morning, Benzinga reports. They currently have a buy rating on the restaurant operator’s stock.

A number of other analysts have also recently weighed in on TXRH. BTIG Research upped their target price on shares of Texas Roadhouse from $155.00 to $175.00 and gave the company a buy rating in a research note on Friday, May 3rd. Morgan Stanley upped their target price on shares of Texas Roadhouse from $145.00 to $155.00 and gave the company an equal weight rating in a research note on Friday, May 3rd. Citigroup upped their target price on shares of Texas Roadhouse from $178.00 to $183.00 and gave the company a buy rating in a research note on Friday, May 3rd. Robert W. Baird upped their target price on shares of Texas Roadhouse from $178.00 to $182.00 and gave the company an outperform rating in a research note on Friday, May 3rd. Finally, Benchmark began coverage on shares of Texas Roadhouse in a research note on Wednesday, April 10th. They issued a hold rating on the stock. Thirteen analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat.com, Texas Roadhouse currently has an average rating of Hold and an average price target of $157.86.

Texas Roadhouse Stock Performance

NASDAQ:TXRH opened at $166.64 on Monday. The firm’s 50-day moving average is $168.05 and its 200-day moving average is $148.55. Texas Roadhouse has a 52-week low of $91.06 and a 52-week high of $175.72. The company has a market cap of $11.13 billion, a price-to-earnings ratio of 33.73, a PEG ratio of 1.63 and a beta of 1.01.

Texas Roadhouse (NASDAQ:TXRH) last posted 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 company had revenue of $1.32 billion for the quarter, compared to the consensus estimate of $1.32 billion. Texas Roadhouse had a net margin of 6.94% and a return on equity of 28.85%. The business’s revenue was up 12.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.28 EPS. Equities analysts predict that Texas Roadhouse will post 6.02 EPS for the current year.

Texas Roadhouse Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 25th. Stockholders of record on Wednesday, June 12th were given a dividend of $0.61 per share. The ex-dividend date of this dividend was Wednesday, June 12th. This represents a $2.44 dividend on an annualized basis and a dividend yield of 1.46%. Texas Roadhouse’s payout ratio is 49.39%.

Insider Transactions at Texas Roadhouse

In other news, Director Curtis Warfield sold 1,025 shares of the company’s stock in a transaction that occurred on Wednesday, May 8th. The shares were sold at an average price of $165.82, for a total transaction of $169,965.50. Following the transaction, the director now directly owns 12,372 shares in the company, valued at $2,051,525.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, Director Curtis Warfield sold 1,025 shares of the stock in a transaction that occurred on Wednesday, May 8th. The shares were sold at an average price of $165.82, for a total value of $169,965.50. Following the transaction, the director now directly owns 12,372 shares in the company, valued at $2,051,525.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CTO Hernan E. Mujica sold 3,000 shares of the stock in a transaction that occurred on Monday, May 20th. The shares were sold at an average price of $168.60, for a total transaction of $505,800.00. Following the completion of the transaction, the chief technology officer now owns 17,842 shares in the company, valued at $3,008,161.20. The disclosure for this sale can be found here. Over the last three months, insiders have sold 19,025 shares of company stock worth $3,251,266. Corporate insiders own 0.50% of the company’s stock.

Institutional Trading of Texas Roadhouse

Several hedge funds have recently added to or reduced their stakes in TXRH. GAMMA Investing LLC grew its stake in Texas Roadhouse by 36.8% in the second quarter. GAMMA Investing LLC now owns 1,049 shares of the restaurant operator’s stock valued at $180,000 after acquiring an additional 282 shares during the period. Burney Co. lifted its holdings in shares of Texas Roadhouse by 8.9% during the 1st quarter. Burney Co. now owns 10,691 shares of the restaurant operator’s stock valued at $1,651,000 after purchasing an additional 878 shares in the last quarter. Virtu Financial LLC grew its position in shares of Texas Roadhouse by 376.4% in the 1st quarter. Virtu Financial LLC now owns 8,061 shares of the restaurant operator’s stock valued at $1,245,000 after purchasing an additional 6,369 shares during the period. Janus Henderson Group PLC increased its holdings in Texas Roadhouse by 56.3% during the 1st quarter. Janus Henderson Group PLC now owns 49,869 shares of the restaurant operator’s stock worth $7,702,000 after purchasing an additional 17,973 shares in the last quarter. Finally, Bayesian Capital Management LP acquired a new stake in shares of Texas Roadhouse in the 1st quarter valued at about $2,086,000. Institutional investors and hedge funds own 94.82% of the company’s stock.

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.