Stifel Nicolaus Boosts Texas Roadhouse (NASDAQ:TXRH) Price Target to $110.00

Texas Roadhouse (NASDAQ:TXRH – Get Rating) had its price objective upped by Stifel Nicolaus from $105.00 to $110.00 in a report released on Tuesday, The Fly reports.

Several other brokerages have also recently issued reports on TXRH. Citigroup dropped their target price on shares of Texas Roadhouse from $133.00 to $124.00 in a report on Friday, May 5th. Northcoast Research cut shares of Texas Roadhouse from a buy rating to a neutral rating in a research note on Wednesday, February 22nd. Royal Bank of Canada lowered their price objective on shares of Texas Roadhouse from $102.00 to $101.00 and set a sector perform rating for the company in a research report on Friday, February 17th. BTIG Research boosted their price objective on shares of Texas Roadhouse from $110.00 to $120.00 and gave the company a buy rating in a research report on Tuesday, April 4th. Finally, Morgan Stanley upped their price target on shares of Texas Roadhouse from $102.00 to $106.00 and gave the stock an equal weight rating in a research report on Monday, April 17th. Ten analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Texas Roadhouse has a consensus rating of Hold and a consensus price target of $112.72.

Texas Roadhouse Stock Performance

Texas Roadhouse stock opened at $111.61 on Tuesday. Texas Roadhouse has a fifty-two week low of $68.94 and a fifty-two week high of $116.72. The firm’s fifty day moving average price is $109.10 and its 200-day moving average price is $102.86. The stock has a market cap of $7.48 billion, a P/E ratio of 26.76, a PEG ratio of 1.41 and a beta of 0.95.

Texas Roadhouse (NASDAQ:TXRH – Get Rating) last posted its quarterly earnings results on Thursday, May 4th. The restaurant operator reported $1.28 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.39 by ($0.11). The business had revenue of $1.17 billion for the quarter, compared to analysts’ expectations of $1.15 billion. Texas Roadhouse had a net margin of 6.69% and a return on equity of 27.79%. The business’s quarterly revenue was up 18.9% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.08 earnings per share. Sell-side analysts predict that Texas Roadhouse will post 4.67 earnings per share for the current year.

Texas Roadhouse Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, June 23rd. Investors of record on Wednesday, June 7th will be issued a $0.55 dividend. The ex-dividend date is Tuesday, June 6th. This represents a $2.20 annualized dividend and a yield of 1.97%. Texas Roadhouse’s dividend payout ratio (DPR) is currently 52.76%.

Insider Transactions at Texas Roadhouse

In other news, Director Kathy Widmer sold 1,000 shares of the stock in a transaction on Tuesday, March 14th. The shares were sold at an average price of $105.46, for a total value of $105,460.00. Following the completion of the transaction, the director now owns 15,700 shares in the company, valued at approximately $1,655,722. The sale was disclosed in a filing with the SEC, which is available at this link. In other Texas Roadhouse news, Director Kathy Widmer sold 1,000 shares of the company’s stock in a transaction on Tuesday, March 14th. The stock was sold at an average price of $105.46, for a total transaction of $105,460.00. Following the transaction, the director now owns 15,700 shares of the company’s stock, valued at approximately $1,655,722. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Gerald L. Morgan sold 2,500 shares of the stock in a transaction on Thursday, May 18th. The shares were sold at an average price of $115.00, for a total value of $287,500.00. Following the completion of the transaction, the chief executive officer now directly owns 94,824 shares in the company, valued at approximately $10,904,760. The disclosure for this sale can be found here. Insiders sold a total of 12,987 shares of company stock worth $1,431,099 over the last three months. 0.50% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Texas Roadhouse

Several hedge funds have recently bought and sold shares of TXRH. Principal Financial Group Inc. increased its stake in Texas Roadhouse by 4.8% in the fourth quarter. Principal Financial Group Inc. now owns 275,512 shares of the restaurant operator’s stock valued at $25,058,000 after acquiring an additional 12,555 shares during the last quarter. Pacer Advisors Inc. acquired a new position in shares of Texas Roadhouse during the fourth quarter worth $1,166,000. Fort Washington Investment Advisors Inc. OH lifted its holdings in Texas Roadhouse by 6.5% in the fourth quarter. Fort Washington Investment Advisors Inc. OH now owns 160,384 shares of the restaurant operator’s stock valued at $14,587,000 after buying an additional 9,790 shares during the period. Savant Capital LLC acquired a new position in Texas Roadhouse in the fourth quarter valued at $1,317,000. Finally, Lido Advisors LLC acquired a new position in shares of Texas Roadhouse during the third quarter valued at about $274,000. 97.52% of the stock is currently owned by institutional investors and hedge funds.

Texas Roadhouse Company Profile

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Texas Roadhouse, Inc is a full-service, casual dining restaurant chain, which offers assorted seasoned and aged steaks hand-cut daily on the premises and cooked to order over open gas-fired grills. It operates restaurants under the Texas Roadhouse and Aspen Creek names. The firm also offers its guests a selection of ribs, fish, seafood, chicken, pork chops, pulled pork and vegetable plates, an assortment of hamburgers, salads and sandwiches.