Texas Roadhouse (NASDAQ:TXRH) Given New $175.00 Price Target at Wells Fargo & Company

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

TXRH has been the subject of a number of other reports. Royal Bank of Canada boosted their price target on Texas Roadhouse from $165.00 to $175.00 and gave the company a sector perform rating in a research note on Friday, June 7th. Barclays boosted their price target on Texas Roadhouse from $138.00 to $160.00 and gave the company an equal weight rating in a research note on Friday, May 3rd. Robert W. Baird lifted their price objective on Texas Roadhouse from $178.00 to $182.00 and gave the company an outperform rating in a research report on Friday, May 3rd. Citigroup lifted their price objective on Texas Roadhouse from $178.00 to $183.00 and gave the company a buy rating in a research report on Friday, May 3rd. Finally, Jefferies Financial Group lifted their price objective on Texas Roadhouse from $120.00 to $136.00 and gave the company a hold rating in a research report on Tuesday, April 16th. Thirteen equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of Hold and an average target price of $168.23.

Texas Roadhouse Stock Performance

NASDAQ TXRH opened at $169.38 on Friday. Texas Roadhouse has a one year low of $91.06 and a one year high of $175.72. The stock has a 50-day moving average of $169.75 and a 200 day moving average of $154.04. The company has a market capitalization of $11.31 billion, a price-to-earnings ratio of 34.29, a PEG ratio of 1.59 and a beta of 1.01.

Texas Roadhouse (NASDAQ:TXRH) last released its quarterly earnings results on Thursday, July 25th. The restaurant operator reported $1.79 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.66 by $0.13. The business had revenue of $1.34 billion during the quarter, compared to the consensus estimate of $1.34 billion. Texas Roadhouse had a return on equity of 31.68% and a net margin of 7.47%. The business’s quarterly revenue was up 14.5% compared to the same quarter last year. During the same period in the previous year, the company posted $1.22 EPS. On average, equities analysts predict that Texas Roadhouse will post 6.07 earnings per share for the current fiscal year.

Texas Roadhouse Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 25th. Stockholders of record on Wednesday, June 12th were given a dividend of $0.61 per share. This represents a $2.44 annualized dividend and a dividend yield of 1.44%. The ex-dividend date was Wednesday, June 12th. Texas Roadhouse’s dividend payout ratio is currently 49.39%.

Insider Activity

In other Texas Roadhouse news, CEO Gerald L. Morgan sold 15,000 shares of the company’s stock in a transaction on 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 transaction, the chief executive officer now owns 77,847 shares of the company’s stock, valued at approximately $13,366,329.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Texas Roadhouse news, CEO Gerald L. Morgan sold 15,000 shares of the company’s stock in a transaction on 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 transaction, the chief executive officer now owns 77,847 shares of the company’s stock, valued at approximately $13,366,329.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Curtis Warfield sold 1,025 shares of the company’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 directly owns 12,372 shares in the company, valued at approximately $2,051,525.04. The disclosure for this sale can be found here. In 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 Investors Weigh In On Texas Roadhouse

Hedge funds have recently made changes to their positions in the company. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of Texas Roadhouse in the 2nd quarter worth $25,000. LRI Investments LLC purchased a new stake in shares of Texas Roadhouse in the 1st quarter worth $25,000. McClarren Financial Advisors Inc. lifted its holdings in shares of Texas Roadhouse by 4,175.0% in the 2nd quarter. McClarren Financial Advisors Inc. now owns 171 shares of the restaurant operator’s stock worth $29,000 after buying an additional 167 shares during the period. Rise Advisors LLC purchased a new stake in shares of Texas Roadhouse in the 1st quarter worth $32,000. Finally, China Universal Asset Management Co. Ltd. lifted its stake in shares of Texas Roadhouse by 454.5% during the 1st quarter. China Universal Asset Management Co. Ltd. now owns 244 shares of the restaurant operator’s stock worth $38,000 after purchasing an additional 200 shares during the last quarter. 94.82% of the stock is currently owned by hedge funds and other 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.