Texas Roadhouse (NASDAQ:TXRH) Hits New 52-Week High at $161.58

Texas Roadhouse, Inc. (NASDAQ:TXRH) hit a new 52-week high during trading on Tuesday . The company traded as high as $161.58 and last traded at $161.16, with a volume of 212900 shares changing hands. The stock had previously closed at $159.21.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on TXRH. JPMorgan Chase & Co. upped their target price on Texas Roadhouse from $142.00 to $145.00 and gave the company a “neutral” rating in a research report on Tuesday, March 19th. Stephens began coverage on Texas Roadhouse in a research report on Friday, April 12th. They issued an “equal weight” rating and a $150.00 target price on the stock. Citigroup upped their target price on Texas Roadhouse from $162.00 to $178.00 and gave the company a “buy” rating in a research report on Wednesday, April 24th. Truist Financial upped their target price on Texas Roadhouse from $152.00 to $168.00 and gave the company a “buy” rating in a research report on Tuesday, April 2nd. Finally, BMO Capital Markets upped their price objective on Texas Roadhouse from $110.00 to $130.00 and gave the stock a “market perform” rating in a research report on Friday, February 16th. Eleven investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $138.76.

Texas Roadhouse Stock Performance

The company’s 50-day simple moving average is $151.53 and its 200 day simple moving average is $128.18. The company has a market cap of $10.74 billion, a PE ratio of 35.15, a PEG ratio of 1.71 and a beta of 0.99.

Texas Roadhouse (NASDAQ:TXRH) last released its earnings results on Thursday, February 15th. The restaurant operator reported $1.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.07 by $0.01. The firm had revenue of $1.16 billion during the quarter, compared to analyst estimates of $1.16 billion. Texas Roadhouse had a return on equity of 27.43% and a net margin of 6.58%. Texas Roadhouse’s revenue was up 15.3% compared to the same quarter last year. During the same period last year, the business posted $0.89 earnings per share. Analysts forecast that Texas Roadhouse, Inc. will post 5.77 EPS for the current year.

Texas Roadhouse Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 26th. Investors of record on Wednesday, March 13th were issued a $0.61 dividend. The ex-dividend date was Tuesday, March 12th. This is a positive change from Texas Roadhouse’s previous quarterly dividend of $0.55. This represents a $2.44 dividend on an annualized basis and a yield of 1.52%. Texas Roadhouse’s dividend payout ratio (DPR) is 53.86%.

Insider Activity at Texas Roadhouse

In related 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 value of $459,814.48. Following the completion of 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 document filed with the SEC, which is available at the SEC website. In other news, Director Donna E. Epps sold 670 shares of Texas Roadhouse stock in a transaction dated 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 in the company, valued at $621,175.74. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, President Regina A. Tobin sold 3,064 shares of the business’s stock in a transaction dated 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 owns 15,261 shares in the company, valued at approximately $2,290,218.27. The disclosure for this sale can be found here. Over the last three months, insiders sold 12,382 shares of company stock worth $1,843,145. Company insiders own 0.50% of the company’s stock.

Institutional Investors Weigh In On Texas Roadhouse

A number of institutional investors have recently added to or reduced their stakes in TXRH. CWM LLC boosted its stake in shares of Texas Roadhouse by 110.8% during the 3rd quarter. CWM LLC now owns 1,617 shares of the restaurant operator’s stock worth $155,000 after acquiring an additional 850 shares in the last quarter. AE Wealth Management LLC increased its holdings in shares of Texas Roadhouse by 25.4% during the 3rd quarter. AE Wealth Management LLC now owns 3,544 shares of the restaurant operator’s stock worth $341,000 after buying an additional 718 shares during the last quarter. Exchange Traded Concepts LLC acquired a new stake in shares of Texas Roadhouse during the 3rd quarter worth $528,000. Commonwealth Equity Services LLC increased its holdings in shares of Texas Roadhouse by 3.2% during the 3rd quarter. Commonwealth Equity Services LLC now owns 6,556 shares of the restaurant operator’s stock worth $630,000 after buying an additional 203 shares during the last quarter. Finally, Hendershot Investments Inc. increased its holdings in Texas Roadhouse by 15.7% in the 3rd quarter. Hendershot Investments Inc. now owns 75,512 shares of the restaurant operator’s stock valued at $7,257,000 after purchasing an additional 10,274 shares in the last quarter. Hedge funds and other 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.