Evercore ISI Boosts Texas Roadhouse (NASDAQ:TXRH) Price Target to $175.00

Texas Roadhouse (NASDAQ:TXRH) had its price objective lifted by Evercore ISI from $160.00 to $175.00 in a research report released on Friday, Benzinga reports. The firm currently has an outperform rating on the restaurant operator’s stock.

TXRH has been the topic of several other research reports. Northcoast Research cut shares of Texas Roadhouse from a buy rating to a neutral rating in a research note on Tuesday, February 20th. Robert W. Baird upped their price target on Texas Roadhouse from $178.00 to $182.00 and gave the company an outperform rating in a research report on Friday. JPMorgan Chase & Co. raised their price objective on Texas Roadhouse from $142.00 to $145.00 and gave the stock a neutral rating in a research report on Tuesday, March 19th. UBS Group increased their target price on shares of Texas Roadhouse from $145.00 to $155.00 and gave the company a buy rating in a research report on Friday, February 16th. Finally, Piper Sandler boosted their price target on shares of Texas Roadhouse from $110.00 to $136.00 and gave the stock a neutral rating in a research report on Tuesday, February 20th. Twelve investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of Hold and a consensus target price of $152.59.

Texas Roadhouse Trading Up 3.6 %

Shares of NASDAQ TXRH opened at $163.61 on Friday. The company has a market cap of $10.93 billion, a price-to-earnings ratio of 33.12, a PEG ratio of 1.73 and a beta of 1.00. Texas Roadhouse has a 12 month low of $91.06 and a 12 month high of $170.39. The stock has a 50-day moving average price of $152.50 and a two-hundred day moving average price of $130.02.

Texas Roadhouse (NASDAQ:TXRH) last issued its earnings results on Thursday, May 2nd. The restaurant operator reported $1.69 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.65 by $0.04. Texas Roadhouse had a return on equity of 28.85% and a net margin of 6.94%. The business had revenue of $1.32 billion during the quarter, compared to analysts’ expectations of $1.32 billion. During the same quarter in the prior year, the firm earned $1.28 EPS. The business’s revenue for the quarter was up 12.5% compared to the same quarter last year. On average, sell-side analysts predict that Texas Roadhouse will post 5.9 earnings per share for the current year.

Texas Roadhouse Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 26th. Investors of record on Wednesday, March 13th were given a $0.61 dividend. This is a boost from Texas Roadhouse’s previous quarterly dividend of $0.55. The ex-dividend date of this dividend was Tuesday, March 12th. This represents a $2.44 annualized dividend and a yield of 1.49%. Texas Roadhouse’s dividend payout ratio (DPR) is presently 49.39%.

Insider Buying and Selling at Texas Roadhouse

In related news, Director Donna E. Epps sold 670 shares of the stock in a transaction on Thursday, March 7th. The stock was sold at an average price of $149.97, for a total value of $100,479.90. Following the completion of the sale, the director now directly owns 4,142 shares of the company’s stock, valued at approximately $621,175.74. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other news, President Regina A. Tobin sold 3,064 shares of Texas Roadhouse stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $150.07, for a total transaction of $459,814.48. Following the sale, the president now directly owns 15,261 shares in the company, valued at approximately $2,290,218.27. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Donna E. Epps sold 670 shares of the business’s stock in a transaction dated Thursday, March 7th. The shares were sold at an average price of $149.97, for a total transaction of $100,479.90. Following the completion of the transaction, the director now owns 4,142 shares in the company, valued at $621,175.74. 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. Insiders own 0.50% of the company’s stock.

Hedge Funds Weigh In On Texas Roadhouse

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Rise Advisors LLC purchased a new stake in shares of Texas Roadhouse in the first quarter worth about $32,000. China Universal Asset Management Co. Ltd. grew its position in Texas Roadhouse by 454.5% in the first quarter. China Universal Asset Management Co. Ltd. now owns 244 shares of the restaurant operator’s stock worth $38,000 after acquiring an additional 200 shares in the last quarter. Operose Advisors LLC purchased a new position in Texas Roadhouse in the third quarter worth $28,000. Fifth Third Bancorp increased its position in shares of Texas Roadhouse by 35.8% during 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 during the last quarter. Finally, Fidelis Capital Partners LLC bought a new stake in shares of Texas Roadhouse in the 1st quarter worth approximately $76,000. 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.