Jefferies Financial Group Raises Texas Roadhouse (NASDAQ:TXRH) Price Target to $136.00

Texas Roadhouse (NASDAQ:TXRH) had its price objective upped by Jefferies Financial Group from $120.00 to $136.00 in a research report released on Tuesday, Benzinga reports. Jefferies Financial Group currently has a hold rating on the restaurant operator’s stock.

A number of other research analysts have also weighed in on TXRH. BMO Capital Markets lifted their price target on shares of Texas Roadhouse from $110.00 to $130.00 and gave the company a market perform rating in a research note on Friday, February 16th. Wedbush lifted their price target on shares of Texas Roadhouse from $160.00 to $170.00 and gave the company an outperform rating in a research note on Friday, April 5th. Northcoast Research lowered shares of Texas Roadhouse from a buy rating to a neutral rating in a research note on Tuesday, February 20th. Robert W. Baird raised shares of Texas Roadhouse from a neutral rating to an outperform rating and lifted their price target for the company from $160.00 to $175.00 in a research note on Wednesday, March 13th. Finally, Morgan Stanley lifted their price target on shares of Texas Roadhouse from $135.00 to $145.00 and gave the company an equal weight rating in a research note on Friday, April 12th. Eleven equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, Texas Roadhouse presently has an average rating of Hold and a consensus target price of $136.05.

Texas Roadhouse Price Performance

Texas Roadhouse stock opened at $150.46 on Tuesday. The company’s 50 day simple moving average is $148.97 and its 200 day simple moving average is $124.80. Texas Roadhouse has a fifty-two week low of $91.06 and a fifty-two week high of $157.12. The firm has a market capitalization of $10.06 billion, a price-to-earnings ratio of 33.21, a PEG ratio of 1.65 and a beta of 0.99.

Texas Roadhouse (NASDAQ:TXRH) last released its quarterly earnings data 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. Texas Roadhouse had a net margin of 6.58% and a return on equity of 27.43%. The business had revenue of $1.16 billion for the quarter, compared to analyst estimates of $1.16 billion. During the same quarter last year, the firm earned $0.89 EPS. Texas Roadhouse’s quarterly revenue was up 15.3% compared to the same quarter last year. As a group, analysts predict that Texas Roadhouse will post 5.74 EPS for the current fiscal year.

Texas Roadhouse Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 26th. Investors of record on Wednesday, March 13th were issued a dividend of $0.61 per share. This represents a $2.44 dividend on an annualized basis and a yield of 1.62%. This is an increase from Texas Roadhouse’s previous quarterly dividend of $0.55. The ex-dividend date of this dividend was Tuesday, March 12th. Texas Roadhouse’s payout ratio is presently 53.86%.

Insider Buying and Selling at Texas Roadhouse

In other Texas Roadhouse news, President Regina A. Tobin sold 3,064 shares of the company’s 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 transaction, the president now directly owns 15,261 shares in the company, valued at $2,290,218.27. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other Texas Roadhouse news, Director Curtis Warfield sold 2,365 shares of the company’s stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $148.68, for a total value of $351,628.20. Following the transaction, the director now directly owns 13,397 shares in the company, valued at $1,991,865.96. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, President Regina A. Tobin sold 3,064 shares of the company’s stock in a transaction on 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 transaction, the president now owns 15,261 shares in the company, valued at $2,290,218.27. The disclosure for this sale can be found here. Insiders have sold a total of 12,382 shares of company stock worth $1,843,145 over the last ninety days. Insiders own 0.50% of the company’s stock.

Hedge Funds Weigh In On Texas Roadhouse

Several institutional investors and hedge funds have recently modified their holdings of TXRH. Operose Advisors LLC bought a new stake in shares of Texas Roadhouse in the third quarter valued at about $28,000. Rise Advisors LLC bought a new stake in shares of Texas Roadhouse in the first quarter valued at about $32,000. Neo Ivy Capital Management bought a new stake in shares of Texas Roadhouse in the second quarter valued at about $32,000. Quarry LP boosted its position in shares of Texas Roadhouse by 100.6% in the second quarter. Quarry LP now owns 364 shares of the restaurant operator’s stock valued at $41,000 after acquiring an additional 60,364 shares during the period. Finally, Coppell Advisory Solutions Corp. bought a new stake in shares of Texas Roadhouse in the fourth quarter valued at about $44,000. 94.82% of the stock is currently owned by institutional investors and hedge funds.

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.