Texas Roadhouse (NASDAQ:TXRH) Price Target Raised to $195.00

Texas Roadhouse (NASDAQ:TXRH) had its price target increased by Evercore ISI from $175.00 to $195.00 in a research report report published on Friday, Benzinga reports. Evercore ISI currently has an outperform rating on the restaurant operator’s stock.

Several other research firms have also issued reports on TXRH. Benchmark began coverage on Texas Roadhouse in a research note on Wednesday, April 10th. They set a hold rating on the stock. Truist Financial increased their price target on shares of Texas Roadhouse from $185.00 to $196.00 and gave the stock a buy rating in a research report on Friday. Robert W. Baird lifted their price objective on shares of Texas Roadhouse from $178.00 to $182.00 and gave the company an outperform rating in a report on Friday, May 3rd. Morgan Stanley increased their target price on shares of Texas Roadhouse from $155.00 to $162.00 and gave the stock an equal weight rating in a report on Tuesday, July 16th. Finally, Barclays raised their price target on shares of Texas Roadhouse from $138.00 to $160.00 and gave the company an equal weight rating in a research report on Friday, May 3rd. Thirteen analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat, Texas Roadhouse has a consensus rating of Hold and a consensus target price of $169.86.

Texas Roadhouse Stock Performance

Texas Roadhouse stock opened at $172.44 on Friday. The company’s 50 day simple moving average is $169.83 and its 200-day simple moving average is $154.90. Texas Roadhouse has a 1 year low of $91.06 and a 1 year high of $175.72. The company has a market capitalization of $11.52 billion, a price-to-earnings ratio of 34.91, a price-to-earnings-growth ratio of 1.58 and a beta of 1.01.

Texas Roadhouse (NASDAQ:TXRH) last announced 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 return on equity of 30.94% and a net margin of 7.47%. The company had revenue of $1.34 billion for the quarter, compared to analyst estimates of $1.34 billion. During the same quarter in the previous year, the company earned $1.22 earnings per share. The firm’s quarterly revenue was up 14.5% compared to the same quarter last year. Equities analysts expect that Texas Roadhouse will post 6.23 earnings per share for the current year.

Texas Roadhouse Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 25th. Shareholders of record on Wednesday, June 12th were paid a $0.61 dividend. The ex-dividend date of this dividend was Wednesday, June 12th. This represents a $2.44 annualized dividend and a yield of 1.41%. Texas Roadhouse’s dividend payout ratio is presently 49.39%.

Insiders Place Their Bets

In other news, CEO Gerald L. Morgan sold 15,000 shares of the business’s stock in a transaction dated Tuesday, May 28th. The stock was sold at an average price of $171.70, for a total value of $2,575,500.00. Following the completion of the sale, the chief executive officer now directly owns 77,847 shares of the company’s stock, valued at approximately $13,366,329.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, Director Curtis Warfield sold 1,025 shares of the stock in a transaction that occurred on Wednesday, May 8th. The stock was sold at an average price of $165.82, for a total value of $169,965.50. Following the completion of the sale, the director now directly owns 12,372 shares of the company’s stock, valued at $2,051,525.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Gerald L. Morgan sold 15,000 shares of Texas Roadhouse 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 transaction, 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. Over the last 90 days, insiders have sold 19,025 shares of company stock valued at $3,251,266. 0.50% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of TXRH. LRI Investments LLC purchased a new stake in shares of Texas Roadhouse in the first quarter valued at about $25,000. Thurston Springer Miller Herd & Titak Inc. acquired a new position in Texas Roadhouse in the 2nd quarter valued at about $25,000. McClarren Financial Advisors Inc. raised its stake in Texas Roadhouse by 4,175.0% during the 2nd quarter. McClarren Financial Advisors Inc. now owns 171 shares of the restaurant operator’s stock valued at $29,000 after acquiring an additional 167 shares during the last quarter. Rise Advisors LLC acquired a new stake in Texas Roadhouse during the 1st quarter worth approximately $32,000. Finally, China Universal Asset Management Co. Ltd. grew its stake in shares of Texas Roadhouse by 454.5% in the 1st 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. 94.82% of the stock is owned by hedge funds and other institutional investors.

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.