Texas Roadhouse (NASDAQ:TXRH) Sets New 52-Week High at $161.58

Texas Roadhouse, Inc. (NASDAQ:TXRH - Get Free Report)'s stock price hit a new 52-week high on Tuesday . The company traded as high as $161.58 and last traded at $161.16, with a volume of 212900 shares trading hands. The stock had previously closed at $159.21.

Analysts Set New Price Targets

A number of research firms have recently commented on TXRH. Morgan Stanley raised their price target on Texas Roadhouse from $135.00 to $145.00 and gave the stock an "equal weight" rating in a research report on Friday, April 12th. Wedbush boosted their target price on shares of Texas Roadhouse from $160.00 to $170.00 and gave the company an "outperform" rating in a research report on Friday, April 5th. Northcoast Research lowered Texas Roadhouse from a "buy" rating to a "neutral" rating in a research note on Tuesday, February 20th. Robert W. Baird upgraded Texas Roadhouse from a "neutral" rating to an "outperform" rating and upped their target price for the company from $160.00 to $175.00 in a report on Wednesday, March 13th. Finally, Jefferies Financial Group raised their price target on shares of Texas Roadhouse from $120.00 to $136.00 and gave the stock a "hold" rating in a report on Tuesday, April 16th. Eleven research analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. According to MarketBeat.com, Texas Roadhouse presently has a consensus rating of "Hold" and a consensus price target of $138.76.

Texas Roadhouse Trading Up 1.0 %

The stock has a fifty day simple moving average of $151.80 and a two-hundred day simple moving average of $128.66. The firm has a market cap of $10.74 billion, a PE ratio of 35.49, a price-to-earnings-growth ratio of 1.71 and a beta of 0.99.

Texas Roadhouse (NASDAQ:TXRH - Get Free Report) last announced its quarterly earnings results on Thursday, February 15th. The restaurant operator reported $1.08 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.07 by $0.01. The firm had revenue of $1.16 billion for the quarter, compared to the consensus estimate of $1.16 billion. Texas Roadhouse had a net margin of 6.58% and a return on equity of 27.43%. The company's revenue for the quarter was up 15.3% on a year-over-year basis. During the same period in the prior year, the firm posted $0.89 earnings per share. As a group, sell-side analysts predict that Texas Roadhouse, Inc. will post 5.77 earnings per share for the current fiscal year.

Texas Roadhouse Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 26th. Shareholders of record on Wednesday, March 13th were issued a $0.61 dividend. This represents a $2.44 annualized dividend and a yield of 1.52%. This is an increase from Texas Roadhouse's previous quarterly dividend of $0.55. The ex-dividend date was Tuesday, March 12th. Texas Roadhouse's dividend payout ratio (DPR) is presently 53.86%.

Insider Buying and Selling

In other Texas Roadhouse news, insider Christopher C. Colson sold 405 shares of the firm's stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $149.05, for a total value of $60,365.25. Following the sale, the insider now owns 8,500 shares of the company's stock, valued at approximately $1,266,925. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, President Regina A. Tobin sold 3,064 shares of the firm's stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $150.07, for a total transaction of $459,814.48. Following the sale, the president now owns 15,261 shares in the company, valued at approximately $2,290,218.27. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Christopher C. Colson sold 405 shares of Texas Roadhouse stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $149.05, for a total transaction of $60,365.25. Following the sale, the insider now directly owns 8,500 shares of the company's stock, valued at $1,266,925. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 12,382 shares of company stock worth $1,843,145. Corporate insiders own 0.50% of the company's stock.

Institutional Investors Weigh In On Texas Roadhouse

Large investors have recently added to or reduced their stakes in the company. Norges Bank bought a new stake in shares of Texas Roadhouse in the 4th quarter worth approximately $78,544,000. Balyasny Asset Management L.P. raised its position in Texas Roadhouse by 4,150.1% in the 4th quarter. Balyasny Asset Management L.P. now owns 451,697 shares of the restaurant operator's stock worth $55,211,000 after purchasing an additional 441,069 shares during the period. Invesco Ltd. lifted its stake in Texas Roadhouse by 40.7% in the third quarter. Invesco Ltd. now owns 1,281,296 shares of the restaurant operator's stock worth $123,133,000 after purchasing an additional 370,627 shares during the last quarter. Qube Research & Technologies Ltd boosted its position in Texas Roadhouse by 60.9% during the third quarter. Qube Research & Technologies Ltd now owns 777,893 shares of the restaurant operator's stock valued at $74,756,000 after buying an additional 294,425 shares during the period. Finally, Armistice Capital LLC purchased a new stake in Texas Roadhouse during the fourth quarter valued at about $28,724,000. 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.