Texas Roadhouse (NASDAQ:TXRH) Reaches New 52-Week High at $124.22

Texas Roadhouse, Inc. (NASDAQ:TXRHGet Free Report)’s stock price hit a new 52-week high during mid-day trading on Monday . The company traded as high as $124.22 and last traded at $123.93, with a volume of 37685 shares traded. The stock had previously closed at $122.82.

Analysts Set New Price Targets

TXRH has been the subject of a number of research reports. UBS Group decreased their price objective on shares of Texas Roadhouse from $127.00 to $120.00 and set a “buy” rating for the company in a report on Friday, October 6th. Citigroup decreased their price objective on shares of Texas Roadhouse from $128.00 to $121.00 and set a “buy” rating for the company in a report on Wednesday, October 11th. StockNews.com initiated coverage on shares of Texas Roadhouse in a report on Thursday, October 5th. They issued a “hold” rating for the company. Barclays decreased their price objective on shares of Texas Roadhouse from $108.00 to $99.00 and set an “equal weight” rating for the company in a report on Monday, October 23rd. Finally, JPMorgan Chase & Co. raised shares of Texas Roadhouse from an “underweight” rating to a “neutral” rating and set a $120.00 price objective for the company in a report on Tuesday, January 23rd. Eleven investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $118.55.

View Our Latest Stock Report on Texas Roadhouse

Texas Roadhouse Price Performance

The firm has a market cap of $8.47 billion, a price-to-earnings ratio of 29.22, a P/E/G ratio of 1.46 and a beta of 0.93. The firm’s fifty day moving average is $118.06 and its two-hundred day moving average is $108.51.

Texas Roadhouse Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 26th. Stockholders of record on Wednesday, December 6th were issued a $0.55 dividend. The ex-dividend date was Tuesday, December 5th. This represents a $2.20 dividend on an annualized basis and a dividend yield of 1.73%. Texas Roadhouse’s dividend payout ratio is 50.69%.

Insider Activity

In related news, CEO Gerald L. Morgan sold 5,000 shares of the business’s stock in a transaction that occurred on Friday, November 24th. The stock was sold at an average price of $112.54, for a total value of $562,700.00. Following the completion of the sale, the chief executive officer now owns 89,824 shares of the company’s stock, valued at approximately $10,108,792.96. The sale was disclosed in a document filed with the SEC, which is available at this link. In related news, CEO Gerald L. Morgan sold 5,000 shares of the business’s stock in a transaction that occurred on Friday, November 24th. The stock was sold at an average price of $112.54, for a total value of $562,700.00. Following the completion of the sale, the chief executive officer now owns 89,824 shares of the company’s stock, valued at approximately $10,108,792.96. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, insider Christopher C. Colson sold 2,011 shares of the business’s stock in a transaction that occurred on Tuesday, January 9th. The shares were sold at an average price of $119.19, for a total value of $239,691.09. Following the completion of the sale, the insider now directly owns 6,500 shares of the company’s stock, valued at approximately $774,735. The disclosure for this sale can be found here. Insiders have sold 17,011 shares of company stock worth $1,969,991 in the last 90 days. Company insiders own 0.50% of the company’s stock.

Institutional Investors Weigh In On Texas Roadhouse

A number of large investors have recently added to or reduced their stakes in TXRH. Bank of America Corp DE boosted its position in Texas Roadhouse by 82.5% during the first quarter. Bank of America Corp DE now owns 2,359,514 shares of the restaurant operator’s stock worth $254,969,000 after purchasing an additional 1,066,581 shares during the period. Morgan Stanley boosted its position in Texas Roadhouse by 154.8% during the fourth quarter. Morgan Stanley now owns 1,064,802 shares of the restaurant operator’s stock worth $96,844,000 after purchasing an additional 646,982 shares during the period. BlackRock Inc. boosted its position in Texas Roadhouse by 7.8% during the first quarter. BlackRock Inc. now owns 8,127,535 shares of the restaurant operator’s stock worth $680,519,000 after purchasing an additional 585,944 shares during the period. Junto Capital Management LP bought a new stake in Texas Roadhouse during the second quarter worth approximately $64,571,000. Finally, Balyasny Asset Management L.P. boosted its position in Texas Roadhouse by 4,434,627.3% during the first quarter. Balyasny Asset Management L.P. now owns 487,820 shares of the restaurant operator’s stock worth $52,714,000 after purchasing an additional 487,809 shares during the period. Institutional investors own 97.24% of the company’s stock.

About Texas Roadhouse

(Get Free Report)

Texas Roadhouse, Inc, together with its subsidiaries, operates casual dining restaurants in the United States and internationally. The company 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.

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