BTIG Research Boosts Texas Roadhouse (NASDAQ:TXRH) Price Target to $175.00

Texas Roadhouse (NASDAQ:TXRH) had its price objective lifted by BTIG Research from $155.00 to $175.00 in a research note issued to investors on Friday morning, Benzinga reports. They currently have a buy rating on the restaurant operator’s stock.

Several other equities analysts have also recently commented on TXRH. Wells Fargo & Company increased their price target on shares of Texas Roadhouse from $125.00 to $140.00 and gave the stock an equal weight rating in a research report on Friday, February 16th. Wedbush boosted their price target on Texas Roadhouse from $170.00 to $180.00 and gave the company an outperform rating in a report on Friday. Citigroup raised their price objective on Texas Roadhouse from $162.00 to $178.00 and gave the stock a buy rating in a research note on Wednesday, April 24th. Royal Bank of Canada increased their target price on shares of Texas Roadhouse from $145.00 to $165.00 and gave the stock a sector perform rating in a report on Friday. Finally, Stephens lifted their price target on shares of Texas Roadhouse from $150.00 to $164.00 and gave the company an equal weight rating in a report on Friday. Twelve research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat.com, Texas Roadhouse presently has an average rating of Hold and a consensus target price of $152.59.

Texas Roadhouse Stock Up 3.6 %

Shares of NASDAQ TXRH opened at $163.61 on Friday. Texas Roadhouse has a fifty-two week low of $91.06 and a fifty-two week high of $170.39. The business has a 50 day moving average price of $152.50 and a two-hundred day moving average price of $130.02. The firm has a market cap 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.

Texas Roadhouse (NASDAQ:TXRH) last released its quarterly earnings results on Thursday, May 2nd. The restaurant operator reported $1.69 earnings per share for the quarter, topping analysts’ consensus estimates of $1.65 by $0.04. The business had revenue of $1.32 billion during 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 quarterly revenue was up 12.5% compared to the same quarter last year. During the same quarter last year, the company earned $1.28 earnings per share. On average, analysts anticipate that Texas Roadhouse will post 5.9 earnings per share for the current year.

Texas Roadhouse Increases Dividend

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

Insider Activity

In related news, Director Curtis Warfield sold 2,365 shares of the 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 sale, the director now directly owns 13,397 shares of the company’s stock, valued at approximately $1,991,865.96. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, Director Curtis Warfield sold 2,365 shares of the 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 directly owns 13,397 shares of the company’s stock, valued at $1,991,865.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Gerald L. Morgan sold 5,000 shares of the business’s stock in a transaction that occurred on Thursday, February 29th. The shares were sold at an average price of $147.90, for a total transaction of $739,500.00. Following the transaction, the chief executive officer now directly owns 92,847 shares in the company, valued at $13,732,071.30. 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. 0.50% of the stock is owned by corporate insiders.

Institutional Trading of Texas Roadhouse

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