Texas Roadhouse (NASDAQ:TXRH) Price Target Raised to $145.00 at Morgan Stanley

Texas Roadhouse (NASDAQ:TXRH) had its price target lifted by Morgan Stanley from $135.00 to $145.00 in a report published on Friday, Benzinga reports. Morgan Stanley currently has an equal weight rating on the restaurant operator’s stock.

Several other research analysts also recently issued reports on TXRH. Robert W. Baird upgraded shares of Texas Roadhouse from a neutral rating to an outperform rating and boosted their price objective for the stock from $160.00 to $175.00 in a report on Wednesday, March 13th. Wedbush boosted their price target on Texas Roadhouse from $160.00 to $170.00 and gave the company an outperform rating in a research note on Friday, April 5th. Benchmark assumed coverage on Texas Roadhouse in a report on Wednesday, April 10th. They issued a hold rating for the company. Truist Financial lifted their price objective on Texas Roadhouse from $152.00 to $168.00 and gave the stock a buy rating in a report on Tuesday, April 2nd. Finally, UBS Group upped their target price on Texas Roadhouse from $145.00 to $155.00 and gave the company a buy rating in a research note on Friday, February 16th. Eleven analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of Hold and a consensus target price of $136.05.

Texas Roadhouse Stock Up 0.1 %

Shares of NASDAQ:TXRH opened at $148.72 on Friday. The business has a 50 day moving average price of $147.91 and a 200 day moving average price of $124.06. The company has a market cap of $9.94 billion, a price-to-earnings ratio of 32.83, a PEG ratio of 1.63 and a beta of 0.99. Texas Roadhouse has a twelve month low of $91.06 and a twelve month high of $157.12.

Texas Roadhouse (NASDAQ:TXRH) last announced its quarterly earnings data on Thursday, February 15th. The restaurant operator reported $1.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.07 by $0.01. The business had revenue of $1.16 billion for the quarter, compared to the consensus estimate of $1.16 billion. Texas Roadhouse had a net margin of 6.58% and a return on equity of 27.43%. Texas Roadhouse’s quarterly revenue was up 15.3% on a year-over-year basis. During the same quarter last year, the company posted $0.89 earnings per share. Analysts anticipate that Texas Roadhouse will post 5.73 EPS for the current year.

Texas Roadhouse Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 26th. Shareholders of record on Wednesday, March 13th were paid a $0.61 dividend. The ex-dividend date was Tuesday, March 12th. This represents a $2.44 dividend on an annualized basis and a yield of 1.64%. This is a positive change from Texas Roadhouse’s previous quarterly dividend of $0.55. Texas Roadhouse’s payout ratio is currently 53.86%.

Insider Transactions at Texas Roadhouse

In related news, Director Curtis Warfield sold 2,365 shares of Texas Roadhouse stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $148.68, for a total value of $351,628.20. Following the completion of the transaction, the director now directly owns 13,397 shares of the company’s stock, valued at $1,991,865.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, Director Curtis Warfield sold 2,365 shares of the firm’s 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 completion of the sale, the director now owns 13,397 shares of the company’s stock, valued at $1,991,865.96. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, 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 owns 8,500 shares of the company’s stock, valued at approximately $1,266,925. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 12,382 shares of company stock worth $1,843,145. Insiders own 0.50% of the company’s stock.

Hedge Funds Weigh In On Texas Roadhouse

Several hedge funds have recently added to or reduced their stakes in the company. Janiczek Wealth Management LLC increased its position in Texas Roadhouse by 13.5% in the first quarter. Janiczek Wealth Management LLC now owns 1,607 shares of the restaurant operator’s stock worth $248,000 after purchasing an additional 191 shares during the period. Counterpoint Mutual Funds LLC acquired a new stake in shares of Texas Roadhouse during the 1st quarter worth approximately $523,000. Global Assets Advisory LLC bought a new stake in shares of Texas Roadhouse during the first quarter worth approximately $2,565,000. Bridge City Capital LLC lifted its holdings in Texas Roadhouse by 0.8% in the first quarter. Bridge City Capital LLC now owns 19,245 shares of the restaurant operator’s stock valued at $2,973,000 after buying an additional 150 shares during the period. Finally, Running Oak Capital LLC boosted its stake in Texas Roadhouse by 5.1% in the first quarter. Running Oak Capital LLC now owns 84,470 shares of the restaurant operator’s stock valued at $13,048,000 after acquiring an additional 4,126 shares during the last quarter. Institutional investors 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.