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

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

TXRH has been the subject of several other reports. Stephens lifted their price objective on shares of Texas Roadhouse from $150.00 to $164.00 and gave the stock an equal weight rating in a research report on Friday, May 3rd. Jefferies Financial Group lifted their price target on Texas Roadhouse from $120.00 to $136.00 and gave the stock a hold rating in a report on Tuesday, April 16th. Citigroup increased their price objective on Texas Roadhouse from $178.00 to $183.00 and gave the company a buy rating in a report on Friday, May 3rd. Bank of America boosted their target price on Texas Roadhouse from $189.00 to $205.00 and gave the stock a buy rating in a research note on Wednesday, July 17th. Finally, JPMorgan Chase & Co. increased their price target on shares of Texas Roadhouse from $145.00 to $184.00 and gave the company a neutral rating in a research note on Tuesday, May 28th. Thirteen research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat.com, Texas Roadhouse presently has a consensus rating of Hold and a consensus target price of $168.23.

Texas Roadhouse Price Performance

TXRH stock opened at $169.38 on Friday. The business’s 50-day moving average is $169.75 and its two-hundred day moving average is $154.04. The firm has a market capitalization of $11.31 billion, a P/E ratio of 34.29, a P/E/G ratio of 1.59 and a beta of 1.01. Texas Roadhouse has a 1 year low of $91.06 and a 1 year high of $175.72.

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

Texas Roadhouse Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 25th. Stockholders of record on Wednesday, June 12th were paid 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 (DPR) is presently 49.39%.

Insider Activity at Texas Roadhouse

In other Texas Roadhouse news, 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 transaction of $169,965.50. Following the completion of the transaction, the director now owns 12,372 shares in the company, valued at approximately $2,051,525.04. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, Director Curtis Warfield sold 1,025 shares of Texas Roadhouse stock in a transaction dated 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 owns 12,372 shares of the company’s stock, valued at $2,051,525.04. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CTO Hernan E. Mujica sold 3,000 shares of the firm’s stock in a transaction dated Monday, May 20th. The shares were sold at an average price of $168.60, for a total transaction of $505,800.00. Following the completion of the sale, the chief technology officer now owns 17,842 shares of the company’s stock, valued at approximately $3,008,161.20. The disclosure for this sale can be found here. Insiders have sold a total of 19,025 shares of company stock worth $3,251,266 in the last three months. Insiders own 0.50% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of TXRH. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of Texas Roadhouse during the 2nd quarter worth $25,000. LRI Investments LLC acquired a new stake in shares of Texas Roadhouse in the first quarter valued at about $25,000. McClarren Financial Advisors Inc. boosted its holdings in Texas Roadhouse by 4,175.0% during the second quarter. McClarren Financial Advisors Inc. now owns 171 shares of the restaurant operator’s stock worth $29,000 after buying an additional 167 shares in the last quarter. Rise Advisors LLC purchased a new stake in Texas Roadhouse during the first quarter worth about $32,000. Finally, China Universal Asset Management Co. Ltd. grew its position in Texas Roadhouse by 454.5% during the first quarter. China Universal Asset Management Co. Ltd. now owns 244 shares of the restaurant operator’s stock worth $38,000 after buying an additional 200 shares during the period. Hedge funds and other institutional investors own 94.82% of the company’s stock.

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.