Texas Roadhouse (NASDAQ:TXRH) PT Raised to $155.00

Texas Roadhouse (NASDAQ:TXRH) had its price target hoisted by BMO Capital Markets from $145.00 to $155.00 in a research report sent to investors on Friday, Benzinga reports. The brokerage currently has a market perform rating on the restaurant operator’s stock.

Several other equities research analysts have also issued reports on TXRH. Benchmark began coverage on shares of Texas Roadhouse in a research note on Wednesday, April 10th. They set a hold rating for the company. Morgan Stanley boosted their target price on Texas Roadhouse from $155.00 to $162.00 and gave the company an equal weight rating in a research note on Tuesday, July 16th. Stephens increased their price target on Texas Roadhouse from $150.00 to $164.00 and gave the stock an equal weight rating in a research note on Friday, May 3rd. Wedbush lifted their price objective on Texas Roadhouse from $180.00 to $190.00 and gave the stock an outperform rating in a report on Friday, July 19th. Finally, Stifel Nicolaus upped their price objective on shares of Texas Roadhouse from $155.00 to $175.00 and gave the company a hold rating in a report on Monday, May 6th. Thirteen research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of Hold and a consensus price target of $169.86.

Texas Roadhouse Trading Up 1.8 %

Shares of Texas Roadhouse stock opened at $172.44 on Friday. The firm 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. The business’s fifty day simple moving average is $169.83 and its 200 day simple moving average is $154.90. Texas Roadhouse has a 12 month low of $91.06 and a 12 month high of $175.72.

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

Texas Roadhouse Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 25th. Shareholders of record on Wednesday, June 12th were given a dividend of $0.61 per share. 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 payout ratio is presently 49.39%.

Insiders Place Their Bets

In other news, CEO Gerald L. Morgan sold 15,000 shares of the firm’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 sale, the chief executive officer now owns 77,847 shares in the company, valued at approximately $13,366,329.90. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In other news, CTO Hernan E. Mujica sold 3,000 shares of the company’s stock in a transaction dated Monday, May 20th. The stock was sold at an average price of $168.60, for a total value of $505,800.00. Following the completion of the transaction, the chief technology officer now directly owns 17,842 shares in the company, valued at approximately $3,008,161.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Gerald L. Morgan sold 15,000 shares of the firm’s stock in a transaction dated Tuesday, May 28th. The shares were 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 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 a total of 19,025 shares of company stock valued at $3,251,266 in the last quarter. Corporate insiders own 0.50% of the company’s stock.

Institutional Investors Weigh In On Texas Roadhouse

Institutional investors have recently made changes to their positions in the business. Bridgefront Capital LLC bought a new stake in Texas Roadhouse in the fourth quarter worth $736,000. Ontario Teachers Pension Plan Board purchased a new position in shares of Texas Roadhouse in the first quarter worth about $2,338,000. Bank of Nova Scotia lifted its stake in shares of Texas Roadhouse by 5,135.0% in the 4th quarter. Bank of Nova Scotia now owns 222,538 shares of the restaurant operator’s stock valued at $27,200,000 after acquiring an additional 218,287 shares during the last quarter. Los Angeles Capital Management LLC boosted its holdings 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 valued at $3,477,000 after acquiring an additional 13,795 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. bought a new position in Texas Roadhouse during the 1st quarter worth approximately $4,522,000. Hedge funds and other institutional investors 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.