Texas Roadhouse (NASDAQ:TXRH) Price Target Increased to $175.00 by Analysts at Wells Fargo & Company

Texas Roadhouse (NASDAQ:TXRH) had its price target upped by Wells Fargo & Company from $165.00 to $175.00 in a research report report published on Friday, Benzinga reports. They currently have an equal weight rating on the restaurant operator’s stock.

A number of other research analysts have also recently issued reports on TXRH. Barclays lifted their target price on shares of Texas Roadhouse from $138.00 to $160.00 and gave the company an equal weight rating in a research note on Friday, May 3rd. Jefferies Financial Group raised their price target on shares of Texas Roadhouse from $120.00 to $136.00 and gave the company a hold rating in a report on Tuesday, April 16th. Morgan Stanley raised their price target on shares of Texas Roadhouse from $155.00 to $162.00 and gave the company an equal weight rating in a report on Tuesday, July 16th. Citigroup raised their price target on shares of Texas Roadhouse from $178.00 to $183.00 and gave the company a buy rating in a report on Friday, May 3rd. Finally, Evercore ISI raised their price target on shares of Texas Roadhouse from $160.00 to $175.00 and gave the company an outperform rating in a report on Friday, May 3rd. Thirteen equities research 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, the company presently has a consensus rating of Hold and a consensus target price of $169.86.

Texas Roadhouse Trading Up 1.8 %

NASDAQ:TXRH opened at $172.44 on Friday. Texas Roadhouse has a 1 year low of $91.06 and a 1 year high of $175.72. The firm has a 50 day moving average of $169.83 and a 200-day moving average of $154.90. The stock has a market capitalization of $11.52 billion, a P/E ratio of 34.91, a price-to-earnings-growth ratio of 1.58 and a beta of 1.01.

Texas Roadhouse (NASDAQ:TXRH) last posted its earnings results on Thursday, July 25th. The restaurant operator reported $1.79 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.64 by $0.15. Texas Roadhouse had a net margin of 7.47% and a return on equity of 30.94%. The company had revenue of $1.34 billion during the quarter, compared to analysts’ expectations of $1.34 billion. During the same quarter in the previous year, the company posted $1.22 earnings per share. Texas Roadhouse’s quarterly revenue was up 14.5% compared to the same quarter last year. As a group, analysts forecast that Texas Roadhouse will post 6.23 EPS for the current fiscal year.

Texas Roadhouse Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 25th. Stockholders of record on Wednesday, June 12th were issued a $0.61 dividend. This represents a $2.44 annualized dividend and a dividend yield of 1.41%. The ex-dividend date was Wednesday, June 12th. Texas Roadhouse’s dividend payout ratio (DPR) is 49.39%.

Insider Activity

In other news, Director Curtis Warfield sold 1,025 shares of the business’s stock in a transaction on Wednesday, May 8th. The shares were sold at an average price of $165.82, for a total value of $169,965.50. Following the completion of the transaction, the director now owns 12,372 shares of the company’s stock, valued at approximately $2,051,525.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, Director Curtis Warfield sold 1,025 shares of the business’s stock in a transaction on Wednesday, May 8th. The shares were sold at an average price of $165.82, for a total value of $169,965.50. Following the sale, the director now directly owns 12,372 shares of the company’s stock, valued at approximately $2,051,525.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Gerald L. Morgan sold 15,000 shares of the business’s stock in a transaction on Tuesday, May 28th. The shares were sold at an average price of $171.70, for a total transaction of $2,575,500.00. Following the completion of the sale, the chief executive officer now directly owns 77,847 shares in the company, valued at $13,366,329.90. The disclosure for this sale can be found here. Insiders sold 19,025 shares of company stock valued at $3,251,266 in the last quarter. Company insiders own 0.50% of the company’s stock.

Institutional Investors Weigh In On Texas Roadhouse

Several institutional investors have recently added to or reduced their stakes in the stock. Bridgefront Capital LLC bought a new stake in Texas Roadhouse during the 4th quarter worth about $736,000. Ontario Teachers Pension Plan Board bought a new stake in Texas Roadhouse during the 1st quarter worth about $2,338,000. Bank of Nova Scotia lifted its position in Texas Roadhouse by 5,135.0% during the 4th quarter. Bank of Nova Scotia now owns 222,538 shares of the restaurant operator’s stock worth $27,200,000 after buying an additional 218,287 shares in the last quarter. Los Angeles Capital Management LLC lifted its position in Texas Roadhouse by 158.3% during the 1st quarter. Los Angeles Capital Management LLC now owns 22,510 shares of the restaurant operator’s stock worth $3,477,000 after buying an additional 13,795 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. bought a new stake in Texas Roadhouse during the 1st quarter worth about $4,522,000. 94.82% of the stock is owned by institutional investors.

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.