Truist Financial Increases Texas Roadhouse (NASDAQ:TXRH) Price Target to $196.00

Texas Roadhouse (NASDAQ:TXRH) had its target price hoisted by Truist Financial from $185.00 to $196.00 in a research note published on Friday, Benzinga reports. They currently have a buy rating on the restaurant operator’s stock.

Several other equities research analysts have also commented on the stock. Wells Fargo & Company upped their price target on shares of Texas Roadhouse from $165.00 to $175.00 and gave the company an equal weight rating in a research report on Friday. BTIG Research upped their target price on shares of Texas Roadhouse from $155.00 to $175.00 and gave the company a buy rating in a report on Friday, May 3rd. Evercore ISI lifted their price target on shares of Texas Roadhouse from $160.00 to $175.00 and gave the stock an outperform rating in a research note on Friday, May 3rd. JPMorgan Chase & Co. upped their price objective on Texas Roadhouse from $145.00 to $184.00 and gave the stock a neutral rating in a research note on Tuesday, May 28th. Finally, Wedbush lifted their target price on Texas Roadhouse from $180.00 to $190.00 and gave the company an outperform rating in a research report on Friday, July 19th. Thirteen research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of Hold and an average price target of $169.86.

Texas Roadhouse Trading Up 1.8 %

NASDAQ:TXRH opened at $172.44 on Friday. The company has a market cap of $11.52 billion, a PE ratio of 34.91, a price-to-earnings-growth ratio of 1.58 and a beta of 1.01. The company has a 50 day simple moving average of $169.83 and a two-hundred day simple moving average of $154.90. Texas Roadhouse has a 12 month low of $91.06 and a 12 month high of $175.72.

Texas Roadhouse (NASDAQ:TXRH) last released its quarterly earnings results on Thursday, July 25th. The restaurant operator reported $1.79 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.64 by $0.15. Texas Roadhouse had a return on equity of 30.94% and a net margin of 7.47%. The firm had revenue of $1.34 billion for the quarter, compared to the consensus estimate of $1.34 billion. During the same period last year, the business posted $1.22 EPS. The company’s revenue for the quarter was up 14.5% on a year-over-year basis. Research analysts forecast that Texas Roadhouse will post 6.23 earnings per share for the current year.

Texas Roadhouse Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 25th. Investors of record on Wednesday, June 12th were paid a dividend of $0.61 per share. The ex-dividend date of this dividend was Wednesday, June 12th. This represents a $2.44 annualized dividend and a yield of 1.41%. Texas Roadhouse’s payout ratio is 49.39%.

Insiders Place Their Bets

In other news, Director Curtis Warfield sold 1,025 shares of the firm’s stock in a transaction dated Wednesday, May 8th. The stock was sold at an average price of $165.82, for a total transaction of $169,965.50. Following the completion of the transaction, the director now owns 12,372 shares in the company, valued at $2,051,525.04. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, Director Curtis Warfield sold 1,025 shares of the company’s stock in a transaction that occurred on Wednesday, May 8th. The stock was sold at an average price of $165.82, for a total transaction of $169,965.50. Following the sale, the director now directly owns 12,372 shares of the company’s stock, valued at approximately $2,051,525.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CTO Hernan E. Mujica sold 3,000 shares of the stock in a transaction that occurred on Monday, May 20th. The shares were sold at an average price of $168.60, for a total value of $505,800.00. Following the transaction, the chief technology officer now owns 17,842 shares of the company’s stock, valued at $3,008,161.20. The disclosure for this sale can be found here. Insiders have sold a total of 19,025 shares of company stock worth $3,251,266 in the last 90 days. 0.50% of the stock is currently owned by corporate insiders.

Institutional Trading of Texas Roadhouse

A number of large investors have recently made changes to their positions in TXRH. LRI Investments LLC bought a new position in shares of Texas Roadhouse in the 1st quarter valued at about $25,000. Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of Texas Roadhouse in the 2nd quarter valued at approximately $25,000. McClarren Financial Advisors Inc. boosted its holdings in shares of Texas Roadhouse by 4,175.0% in the 2nd quarter. McClarren Financial Advisors Inc. now owns 171 shares of the restaurant operator’s stock worth $29,000 after purchasing an additional 167 shares during the period. Rise Advisors LLC bought a new position in shares of Texas Roadhouse during the 1st quarter valued at approximately $32,000. Finally, China Universal Asset Management Co. Ltd. raised its holdings in Texas Roadhouse by 454.5% during the 1st quarter. China Universal Asset Management Co. Ltd. now owns 244 shares of the restaurant operator’s stock valued at $38,000 after buying an additional 200 shares during the period. 94.82% of the stock is currently owned by institutional investors.

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.