Texas Roadhouse (NASDAQ:TXRH) Hits New 1-Year High at $158.50

Texas Roadhouse, Inc. (NASDAQ:TXRH - Get Free Report) hit a new 52-week high on Wednesday . The company traded as high as $158.50 and last traded at $157.53, with a volume of 64913 shares. The stock had previously closed at $156.87.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Morgan Stanley raised their price target on shares of Texas Roadhouse from $135.00 to $145.00 and gave the company an "equal weight" rating in a report on Friday, April 12th. Stephens started coverage on shares of Texas Roadhouse in a research note on Friday, April 12th. They issued an "equal weight" rating and a $150.00 target price on the stock. JPMorgan Chase & Co. increased their price objective on Texas Roadhouse from $142.00 to $145.00 and gave the company a "neutral" rating in a report on Tuesday, March 19th. Truist Financial boosted their price target on Texas Roadhouse from $152.00 to $168.00 and gave the stock a "buy" rating in a report on Tuesday, April 2nd. Finally, Benchmark initiated coverage on Texas Roadhouse in a research report on Wednesday, April 10th. They set a "hold" rating on the stock. Eleven equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, Texas Roadhouse presently has an average rating of "Hold" and an average target price of $138.76.

Texas Roadhouse Stock Performance

The business's fifty day moving average price is $150.15 and its two-hundred day moving average price is $126.40. The firm has a market capitalization of $10.48 billion, a P/E ratio of 34.76, a PEG ratio of 1.67 and a beta of 0.99.

Texas Roadhouse (NASDAQ:TXRH - Get Free Report) last announced its earnings results on Thursday, February 15th. The restaurant operator reported $1.08 EPS for the quarter, beating analysts' consensus estimates of $1.07 by $0.01. Texas Roadhouse had a return on equity of 27.43% and a net margin of 6.58%. The company had revenue of $1.16 billion during the quarter, compared to analysts' expectations of $1.16 billion. During the same period last year, the business posted $0.89 EPS. Texas Roadhouse's revenue for the quarter was up 15.3% on a year-over-year basis. Sell-side analysts predict that Texas Roadhouse, Inc. will post 5.75 earnings per share for the current year.

Texas Roadhouse Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 26th. Investors of record on Wednesday, March 13th were given a dividend of $0.61 per share. This is a positive change from Texas Roadhouse's previous quarterly dividend of $0.55. This represents a $2.44 annualized dividend and a dividend yield of 1.56%. The ex-dividend date was Tuesday, March 12th. Texas Roadhouse's dividend payout ratio is currently 53.86%.

Insider Activity

In other Texas Roadhouse news, Director Curtis Warfield sold 2,365 shares of the stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $148.68, for a total transaction of $351,628.20. Following the transaction, the director now owns 13,397 shares in the company, valued at $1,991,865.96. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other Texas Roadhouse news, Director Curtis Warfield sold 2,365 shares of the business's stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $148.68, for a total transaction of $351,628.20. Following the completion of the sale, the director now directly owns 13,397 shares of the company's stock, valued at approximately $1,991,865.96. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Christopher C. Colson sold 405 shares of the company's stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $149.05, for a total transaction of $60,365.25. Following the completion of the transaction, the insider now owns 8,500 shares of the company's stock, valued at approximately $1,266,925. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 12,382 shares of company stock worth $1,843,145. 0.50% of the stock is owned by company insiders.

Institutional Trading of Texas Roadhouse

A number of institutional investors have recently bought and sold shares of TXRH. Red Spruce Capital LLC raised its stake in Texas Roadhouse by 0.5% in the fourth quarter. Red Spruce Capital LLC now owns 22,359 shares of the restaurant operator's stock valued at $2,733,000 after purchasing an additional 110 shares in the last quarter. Avior Wealth Management LLC lifted its stake in Texas Roadhouse by 3.2% during the fourth quarter. Avior Wealth Management LLC now owns 3,579 shares of the restaurant operator's stock worth $437,000 after purchasing an additional 111 shares during the last quarter. Fifth Third Bancorp boosted its holdings in shares of Texas Roadhouse by 35.8% in the 3rd quarter. Fifth Third Bancorp now owns 474 shares of the restaurant operator's stock valued at $46,000 after purchasing an additional 125 shares in the last quarter. Prospector Partners LLC boosted its stake in Texas Roadhouse by 0.4% in the third quarter. Prospector Partners LLC now owns 34,575 shares of the restaurant operator's stock valued at $3,323,000 after buying an additional 150 shares in the last quarter. Finally, Treasurer of the State of North Carolina grew its holdings in shares of Texas Roadhouse by 0.5% during the 3rd quarter. Treasurer of the State of North Carolina now owns 29,360 shares of the restaurant operator's stock valued at $2,821,000 after purchasing an additional 150 shares during the last quarter. 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.