UBS Group Forecasts Strong Price Appreciation for Texas Roadhouse (NASDAQ:TXRH) Stock

Texas Roadhouse (NASDAQ:TXRH - Free Report) had its price target boosted by UBS Group from $200.00 to $220.00 in a research report report published on Friday morning,Benzinga reports. They currently have a buy rating on the restaurant operator's stock.

Several other equities research analysts have also recently weighed in on TXRH. Wedbush raised their price objective on shares of Texas Roadhouse from $200.00 to $210.00 and gave the company an "outperform" rating in a research report on Friday, March 28th. Truist Financial reduced their price objective on shares of Texas Roadhouse from $209.00 to $205.00 and set a "buy" rating on the stock in a research note on Friday, February 21st. Barclays cut their price target on shares of Texas Roadhouse from $179.00 to $175.00 and set an "equal weight" rating on the stock in a research note on Friday, May 9th. Stephens cut their price target on shares of Texas Roadhouse from $186.00 to $180.00 and set an "equal weight" rating on the stock in a research note on Friday, February 21st. Finally, Stifel Nicolaus lowered their price objective on shares of Texas Roadhouse from $172.00 to $170.00 and set a "hold" rating on the stock in a report on Tuesday, April 15th. Ten investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat.com, Texas Roadhouse currently has an average rating of "Moderate Buy" and a consensus price target of $192.19.

Texas Roadhouse Trading Up 1.8%

Texas Roadhouse stock traded up $3.51 during midday trading on Friday, reaching $195.19. 539,035 shares of the stock traded hands, compared to its average volume of 915,491. The firm has a fifty day moving average price of $175.26 and a two-hundred day moving average price of $179.43. The firm has a market cap of $12.95 billion, a price-to-earnings ratio of 30.17, a PEG ratio of 1.23 and a beta of 0.90. Texas Roadhouse has a fifty-two week low of $148.73 and a fifty-two week high of $206.04.

Texas Roadhouse (NASDAQ:TXRH - Get Free Report) last released its quarterly earnings data on Thursday, May 8th. The restaurant operator reported $1.70 earnings per share for the quarter, missing the consensus estimate of $1.75 by ($0.05). The company had revenue of $1.45 billion during the quarter, compared to analyst estimates of $1.44 billion. Texas Roadhouse had a net margin of 8.07% and a return on equity of 34.02%. The firm's quarterly revenue was up 11.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.69 EPS. Analysts anticipate that Texas Roadhouse will post 7.23 earnings per share for the current year.

Texas Roadhouse Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 1st. Stockholders of record on Tuesday, June 3rd will be given a dividend of $0.68 per share. The ex-dividend date is Tuesday, June 3rd. This represents a $2.72 annualized dividend and a dividend yield of 1.39%. Texas Roadhouse's dividend payout ratio is presently 41.98%.

Insider Activity

In other news, Director Donna E. Epps sold 800 shares of the company's stock in a transaction dated Friday, May 23rd. The shares were sold at an average price of $186.52, for a total transaction of $149,216.00. Following the completion of the transaction, the director now owns 4,632 shares of the company's stock, valued at $863,960.64. This represents a 14.73% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Gregory N. Moore sold 1,000 shares of the stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $187.62, for a total transaction of $187,620.00. Following the completion of the sale, the director now directly owns 38,050 shares of the company's stock, valued at $7,138,941. This trade represents a 2.56% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.50% of the company's stock.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. KLP Kapitalforvaltning AS acquired a new stake in shares of Texas Roadhouse during the 4th quarter valued at about $2,959,000. Zions Bancorporation N.A. boosted its stake in Texas Roadhouse by 19.5% in the 4th quarter. Zions Bancorporation N.A. now owns 13,152 shares of the restaurant operator's stock valued at $2,373,000 after buying an additional 2,144 shares in the last quarter. Bessemer Group Inc. boosted its stake in Texas Roadhouse by 4.3% in the fourth quarter. Bessemer Group Inc. now owns 176,065 shares of the restaurant operator's stock worth $31,768,000 after purchasing an additional 7,301 shares in the last quarter. Chase Investment Counsel Corp acquired a new position in Texas Roadhouse in the fourth quarter worth $316,000. Finally, Raymond James Financial Inc. acquired a new position in Texas Roadhouse in the fourth quarter worth $55,177,000. 94.82% of the stock is owned by institutional investors and hedge funds.

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.