Texas Roadhouse (NASDAQ:TXRH) Price Target Increased to $182.00 by Analysts at Robert W. Baird

Texas Roadhouse (NASDAQ:TXRH) had its price target boosted by Robert W. Baird from $178.00 to $182.00 in a report released on Friday morning, Benzinga reports. The brokerage currently has an outperform rating on the restaurant operator’s stock.

A number of other equities analysts have also recently issued reports on TXRH. Northcoast Research cut shares of Texas Roadhouse from a buy rating to a neutral rating in a research report on Tuesday, February 20th. Wells Fargo & Company raised their price target on shares of Texas Roadhouse from $125.00 to $140.00 and gave the company an equal weight rating in a research report on Friday, February 16th. Stephens raised their price target on shares of Texas Roadhouse from $150.00 to $164.00 and gave the company an equal weight rating in a research report on Friday. UBS Group raised their price target on shares of Texas Roadhouse from $145.00 to $155.00 and gave the company a buy rating in a research report on Friday, February 16th. Finally, Benchmark assumed coverage on shares of Texas Roadhouse in a research report on Wednesday, April 10th. They issued a hold rating on the stock. 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 MarketBeat.com, the company presently has a consensus rating of Hold and an average price target of $152.59.

Texas Roadhouse Price Performance

TXRH stock opened at $163.61 on Friday. The stock has a market capitalization of $10.93 billion, a PE ratio of 33.12, a price-to-earnings-growth ratio of 1.73 and a beta of 1.00. The company’s 50-day moving average is $152.50 and its 200-day moving average is $130.02. Texas Roadhouse has a 1 year low of $91.06 and a 1 year high of $170.39.

Texas Roadhouse (NASDAQ:TXRH) last released its quarterly earnings data on Thursday, May 2nd. The restaurant operator reported $1.69 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.65 by $0.04. The company had revenue of $1.32 billion for the quarter, compared to analysts’ expectations 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% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.28 EPS. On average, analysts anticipate that Texas Roadhouse will post 5.9 earnings per share for the current fiscal year.

Texas Roadhouse Increases Dividend

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

Insider Transactions at Texas Roadhouse

In other news, CEO Gerald L. Morgan sold 5,000 shares of the business’s stock in a transaction dated Thursday, February 29th. The stock was sold at an average price of $147.90, for a total transaction of $739,500.00. Following the completion of the transaction, the chief executive officer now owns 92,847 shares of the company’s stock, valued at $13,732,071.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, Director Curtis Warfield sold 2,365 shares of the business’s stock in a transaction dated 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 transaction, the director now owns 13,397 shares of the company’s stock, valued at $1,991,865.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Gerald L. Morgan sold 5,000 shares of the business’s 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 of the company’s stock, valued at approximately $13,732,071.30. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 12,382 shares of company stock valued at $1,843,145. 0.50% of the stock is owned by corporate insiders.

Institutional Trading of Texas Roadhouse

Hedge funds have recently bought and sold shares of the company. Rise Advisors LLC bought a new stake in Texas Roadhouse in the 1st quarter worth approximately $32,000. China Universal Asset Management Co. Ltd. lifted its position in Texas Roadhouse by 454.5% in the first quarter. China Universal Asset Management Co. Ltd. now owns 244 shares of the restaurant operator’s stock valued at $38,000 after purchasing an additional 200 shares during the last quarter. Operose Advisors LLC bought a new stake in Texas Roadhouse in the third quarter valued at approximately $28,000. Fifth Third Bancorp lifted its position in Texas Roadhouse by 35.8% in the third quarter. Fifth Third Bancorp now owns 474 shares of the restaurant operator’s stock valued at $46,000 after purchasing an additional 125 shares during the last quarter. Finally, Fidelis Capital Partners LLC bought a new stake in Texas Roadhouse in the first quarter valued at approximately $76,000. 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.