Texas Roadhouse (NASDAQ:TXRH - Free Report) had its target price raised by Citigroup from $162.00 to $178.00 in a research note published on Wednesday, Benzinga reports. The brokerage currently has a buy rating on the restaurant operator's stock.
Several other brokerages have also weighed in on TXRH. Truist Financial increased their target price on shares of Texas Roadhouse from $152.00 to $168.00 and gave the stock a buy rating in a research note on Tuesday, April 2nd. UBS Group increased their price target on shares of Texas Roadhouse from $145.00 to $155.00 and gave the stock a buy rating in a research report on Friday, February 16th. Morgan Stanley increased their price target on shares of Texas Roadhouse from $135.00 to $145.00 and gave the stock an equal weight rating in a research report on Friday, April 12th. JPMorgan Chase & Co. increased their price target on shares of Texas Roadhouse from $142.00 to $145.00 and gave the stock a neutral rating in a research report on Tuesday, March 19th. Finally, BMO Capital Markets increased their price target on shares of Texas Roadhouse from $110.00 to $130.00 and gave the stock a market perform rating in a research report on Friday, February 16th. Eleven research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of Hold and a consensus price target of $138.76.
Read Our Latest Stock Report on TXRH
Texas Roadhouse Price Performance
Shares of TXRH traded down $0.11 during mid-day trading on Wednesday, reaching $156.76. The stock had a trading volume of 723,009 shares, compared to its average volume of 790,192. Texas Roadhouse has a 52-week low of $91.06 and a 52-week high of $158.54. The business's fifty day moving average is $150.64 and its 200 day moving average is $126.62. The firm has a market cap of $10.48 billion, a price-to-earnings ratio of 34.60, a P/E/G 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 earnings per share for the quarter, topping the consensus estimate of $1.07 by $0.01. The company had revenue of $1.16 billion during the quarter, compared to analyst estimates of $1.16 billion. Texas Roadhouse had a net margin of 6.58% and a return on equity of 27.43%. Texas Roadhouse's revenue was up 15.3% compared to the same quarter last year. During the same quarter last year, the firm posted $0.89 earnings per share. As a group, sell-side analysts anticipate that Texas Roadhouse will post 5.75 EPS for the current fiscal year.
Texas Roadhouse Increases Dividend
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 26th. Stockholders of record on Wednesday, March 13th were given a dividend of $0.61 per share. This represents a $2.44 annualized dividend and a dividend yield of 1.56%. The ex-dividend date of this dividend was Tuesday, March 12th. This is an increase from Texas Roadhouse's previous quarterly dividend of $0.55. Texas Roadhouse's payout ratio is currently 53.86%.
Insider Transactions at Texas Roadhouse
In other news, insider Christopher C. Colson sold 405 shares of Texas Roadhouse stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $149.05, for a total value of $60,365.25. Following the transaction, the insider now directly owns 8,500 shares of the company's stock, valued at approximately $1,266,925. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, Director Donna E. Epps sold 670 shares of Texas Roadhouse stock in a transaction on Thursday, March 7th. The shares were sold at an average price of $149.97, for a total value of $100,479.90. Following the transaction, the director now directly owns 4,142 shares of the company's stock, valued at approximately $621,175.74. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Christopher C. Colson sold 405 shares of Texas Roadhouse stock in a transaction 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 directly owns 8,500 shares in the company, valued at $1,266,925. The disclosure for this sale can be found here. In the last quarter, insiders sold 12,382 shares of company stock worth $1,843,145. 0.50% of the stock is currently owned by insiders.
Hedge Funds Weigh In On Texas Roadhouse
Several institutional investors have recently bought and sold shares of the company. Wellington Management Group LLP increased its stake in Texas Roadhouse by 1.7% in the 3rd quarter. Wellington Management Group LLP now owns 1,807,430 shares of the restaurant operator's stock valued at $173,694,000 after buying an additional 29,506 shares during the period. JPMorgan Chase & Co. boosted its position in shares of Texas Roadhouse by 0.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,611,543 shares of the restaurant operator's stock worth $154,869,000 after purchasing an additional 8,392 shares in the last quarter. Invesco Ltd. boosted its position in shares of Texas Roadhouse by 40.7% during the 3rd 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 in the last quarter. Victory Capital Management Inc. boosted its position in shares of Texas Roadhouse by 26.3% during the 3rd quarter. Victory Capital Management Inc. now owns 985,795 shares of the restaurant operator's stock worth $94,735,000 after purchasing an additional 205,064 shares in the last quarter. Finally, Geneva Capital Management LLC boosted its position in shares of Texas Roadhouse by 7.9% during the 4th quarter. Geneva Capital Management LLC now owns 948,219 shares of the restaurant operator's stock worth $115,901,000 after purchasing an additional 69,536 shares in the last quarter. 94.82% of the stock is owned by institutional investors and hedge funds.
Texas Roadhouse Company Profile
(
Get Free Report)
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.
See Also
Before you consider Texas Roadhouse, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Texas Roadhouse wasn't on the list.
While Texas Roadhouse currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Looking to avoid the hassle of mudslinging, volatility, and uncertainty? You'd need to be out of the market, which isn’t viable. So where should investors put their money? Find out with this report.
Get This Free Report
