Texas Roadhouse (NASDAQ:TXRH) Price Target Increased to $155.00 by Analysts at Morgan Stanley

Texas Roadhouse (NASDAQ:TXRH) had its price target upped by Morgan Stanley from $145.00 to $155.00 in a report published on Friday, Benzinga reports. The brokerage currently has an equal weight rating on the restaurant operator’s stock.

TXRH has been the subject of a number of other reports. Wells Fargo & Company boosted their target price on Texas Roadhouse from $125.00 to $140.00 and gave the company an equal weight rating in a research note on Friday, February 16th. Citigroup lifted their price target 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 increased their price objective on shares of Texas Roadhouse from $170.00 to $180.00 and gave the stock an outperform rating in a research report on Friday. Robert W. Baird upped their target price on shares of Texas Roadhouse from $178.00 to $182.00 and gave the stock an outperform rating in a research note on Friday. Finally, Piper Sandler boosted their price target on Texas Roadhouse from $110.00 to $136.00 and gave the company a neutral rating in a report on Tuesday, February 20th. Twelve investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat, Texas Roadhouse currently has a consensus rating of Hold and a consensus price target of $151.30.

Texas Roadhouse Stock Up 3.6 %

NASDAQ TXRH traded up $5.71 on Friday, reaching $163.61. The company had a trading volume of 1,640,850 shares, compared to its average volume of 835,599. Texas Roadhouse has a 52 week low of $91.06 and a 52 week high of $170.39. The stock has a market cap of $10.93 billion, a price-to-earnings ratio of 33.12, a PEG ratio of 1.71 and a beta of 1.00. The stock’s 50 day moving average is $152.50 and its 200-day moving average is $129.54.

Texas Roadhouse (NASDAQ:TXRH) last announced its quarterly earnings results on Thursday, May 2nd. The restaurant operator reported $1.69 earnings per share 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 29.49%. The business had revenue of $1.32 billion for the quarter, compared to the consensus estimate of $1.32 billion. During the same period last year, the company posted $1.28 EPS. Texas Roadhouse’s revenue for the quarter was up 12.5% on a year-over-year basis. As a group, analysts forecast that Texas Roadhouse will post 5.77 EPS for the current year.

Texas Roadhouse Increases Dividend

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

Insider Buying and Selling

In other Texas Roadhouse news, insider Christopher C. Colson sold 405 shares of the firm’s stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $149.05, for a total value of $60,365.25. Following the transaction, the insider now directly owns 8,500 shares of the company’s stock, valued at approximately $1,266,925. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other Texas Roadhouse news, insider Christopher C. Colson sold 405 shares of Texas Roadhouse stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $149.05, for a total value of $60,365.25. Following the transaction, the insider now owns 8,500 shares in the company, valued at $1,266,925. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Donna E. Epps sold 670 shares of the firm’s stock in a transaction that occurred on Thursday, March 7th. The shares were sold at an average price of $149.97, for a total transaction of $100,479.90. Following the completion of the sale, the director now owns 4,142 shares in the company, valued at $621,175.74. The disclosure for this sale can be found here. Insiders have sold 12,382 shares of company stock valued at $1,843,145 over the last 90 days. 0.50% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Texas Roadhouse

A number of institutional investors and hedge funds have recently bought and sold shares of TXRH. Larson Financial Group LLC increased its stake in shares of Texas Roadhouse by 997.3% in the first quarter. Larson Financial Group LLC now owns 1,613 shares of the restaurant operator’s stock valued at $249,000 after buying an additional 1,466 shares during the period. GSA Capital Partners LLP bought a new stake in shares of Texas Roadhouse in the first quarter worth $1,707,000. BI Asset Management Fondsmaeglerselskab A S acquired a new stake in Texas Roadhouse in the first quarter valued at $1,011,000. Central Pacific Bank Trust Division acquired a new position in Texas Roadhouse during the 1st quarter worth about $183,000. Finally, Fidelis Capital Partners LLC bought a new stake in shares of Texas Roadhouse in the 1st quarter valued at about $76,000. 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.