Texas Roadhouse (NASDAQ:TXRH) Price Target Raised to $160.00 at Barclays

Texas Roadhouse (NASDAQ:TXRH) had its price target increased by Barclays from $138.00 to $160.00 in a research report sent to investors on Friday, Benzinga reports. Barclays currently has an equal weight rating on the restaurant operator’s stock.

A number of other analysts have also commented on TXRH. Jefferies Financial Group lifted their target price 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. UBS Group lifted their price objective on Texas Roadhouse from $145.00 to $155.00 and gave the stock a buy rating in a research note on Friday, February 16th. Wells Fargo & Company boosted their target price on Texas Roadhouse from $125.00 to $140.00 and gave the stock an equal weight rating in a research report on Friday, February 16th. Piper Sandler raised their price objective on Texas Roadhouse from $110.00 to $136.00 and gave the stock a neutral rating in a research note on Tuesday, February 20th. Finally, JPMorgan Chase & Co. lifted their target price on Texas Roadhouse from $142.00 to $145.00 and gave the stock a neutral rating in a report on Tuesday, March 19th. Twelve investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of Hold and a consensus target price of $151.30.

Texas Roadhouse Stock Performance

Shares of NASDAQ TXRH traded up $5.71 during trading on Friday, reaching $163.61. The company had a trading volume of 1,640,850 shares, compared to its average volume of 835,599. Texas Roadhouse has a 52 week low of $91.06 and a 52 week high of $170.39. The business’s 50 day moving average price is $152.50 and its 200-day moving average price is $129.54. The stock has a market cap of $10.93 billion, a PE ratio of 33.12, a PEG ratio of 1.71 and a beta of 1.00.

Texas Roadhouse (NASDAQ:TXRH) last posted its quarterly earnings data on Thursday, May 2nd. The restaurant operator reported $1.69 earnings per share for the quarter, topping the consensus estimate of $1.65 by $0.04. The firm had revenue of $1.32 billion during the quarter, compared to analysts’ expectations of $1.32 billion. Texas Roadhouse had a net margin of 6.94% and a return on equity of 29.49%. Texas Roadhouse’s revenue was up 12.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.28 EPS. Equities analysts anticipate that Texas Roadhouse will post 5.77 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 paid a $0.61 dividend. This represents a $2.44 dividend on an annualized basis and a yield of 1.49%. The ex-dividend date of this dividend was Tuesday, March 12th. This is a boost from Texas Roadhouse’s previous quarterly dividend of $0.55. Texas Roadhouse’s dividend payout ratio is 49.39%.

Insiders Place Their Bets

In related news, President Regina A. Tobin sold 3,064 shares of Texas Roadhouse stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $150.07, for a total transaction of $459,814.48. Following the completion of the sale, the president now owns 15,261 shares of the company’s stock, valued at approximately $2,290,218.27. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In related news, Director Donna E. Epps sold 670 shares of the stock in a transaction that occurred on Thursday, March 7th. The stock was sold at an average price of $149.97, for a total transaction of $100,479.90. Following the sale, the director now owns 4,142 shares of the company’s stock, valued at $621,175.74. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, President Regina A. Tobin sold 3,064 shares of Texas Roadhouse stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $150.07, for a total value of $459,814.48. Following the completion of the transaction, the president now directly owns 15,261 shares of the company’s stock, valued at $2,290,218.27. The disclosure for this sale can be found here. Insiders sold a total of 12,382 shares of company stock valued at $1,843,145 over the last ninety days. 0.50% of the stock is currently owned by company insiders.

Institutional Trading of Texas Roadhouse

A number of institutional investors and hedge funds have recently made changes to their positions in TXRH. Commonwealth Equity Services LLC raised its position in Texas Roadhouse by 3.2% during the third quarter. Commonwealth Equity Services LLC now owns 6,556 shares of the restaurant operator’s stock valued at $630,000 after purchasing an additional 203 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Texas Roadhouse by 15.7% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 14,607 shares of the restaurant operator’s stock valued at $1,404,000 after buying an additional 1,977 shares in the last quarter. Advisor Partners II LLC acquired a new position in Texas Roadhouse during the third quarter worth about $213,000. Park Avenue Securities LLC bought a new position in shares of Texas Roadhouse in the third quarter worth about $474,000. Finally, Inspire Investing LLC boosted its stake in shares of Texas Roadhouse by 12.8% in the 3rd quarter. Inspire Investing LLC now owns 13,018 shares of the restaurant operator’s stock valued at $1,251,000 after purchasing an additional 1,477 shares in 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.