Texas Roadhouse (NASDAQ:TXRH) Given New $195.00 Price Target at Evercore ISI

Texas Roadhouse (NASDAQ:TXRH) had its target price hoisted by Evercore ISI from $175.00 to $195.00 in a report published on Friday morning, Benzinga reports. The firm currently has an outperform rating on the restaurant operator’s stock.

TXRH has been the topic of a number of other research reports. Barclays raised their target price on shares of Texas Roadhouse from $138.00 to $160.00 and gave the company an equal weight rating in a research report on Friday, May 3rd. Wells Fargo & Company lifted their price objective on shares of Texas Roadhouse from $165.00 to $175.00 and gave the company an equal weight rating in a report on Friday. Citigroup upped their target price on Texas Roadhouse from $178.00 to $183.00 and gave the stock a buy rating in a report on Friday, May 3rd. Bank of America increased their target price on Texas Roadhouse from $189.00 to $205.00 and gave the company a buy rating in a research report on Wednesday, July 17th. Finally, Benchmark initiated coverage on Texas Roadhouse in a research report on Wednesday, April 10th. They issued a hold rating for the company. Thirteen analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of Hold and an average target price of $168.23.

Texas Roadhouse Stock Performance

Shares of NASDAQ TXRH opened at $169.38 on Friday. The stock has a 50 day moving average price of $169.75 and a 200 day moving average price of $154.04. The firm has a market capitalization of $11.31 billion, a price-to-earnings ratio of 34.29, a PEG ratio of 1.59 and a beta of 1.01. Texas Roadhouse has a 52-week low of $91.06 and a 52-week high of $175.72.

Texas Roadhouse (NASDAQ:TXRH) last posted 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 $1.66 by $0.13. The business had revenue of $1.34 billion for the quarter, compared to the consensus estimate of $1.34 billion. Texas Roadhouse had a return on equity of 31.68% and a net margin of 7.47%. The business’s revenue was up 14.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.22 EPS. Analysts forecast that Texas Roadhouse will post 6.07 earnings per share for the current year.

Texas Roadhouse Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 25th. Investors of record on Wednesday, June 12th were paid a $0.61 dividend. The ex-dividend date was Wednesday, June 12th. This represents a $2.44 dividend on an annualized basis and a yield of 1.44%. Texas Roadhouse’s dividend payout ratio (DPR) is 49.39%.

Insiders Place Their Bets

In other news, Director Curtis Warfield sold 1,025 shares of the stock in a transaction dated Wednesday, May 8th. The stock was sold at an average price of $165.82, for a total value of $169,965.50. Following the transaction, the director now directly owns 12,372 shares of the company’s stock, valued at $2,051,525.04. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related 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 value of $169,965.50. Following the sale, the director now owns 12,372 shares in the company, valued at $2,051,525.04. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Gerald L. Morgan sold 15,000 shares of the stock in a transaction that occurred on Tuesday, May 28th. The stock was sold at an average price of $171.70, for a total transaction of $2,575,500.00. Following the completion of the transaction, the chief executive officer now owns 77,847 shares in the company, valued at approximately $13,366,329.90. The disclosure for this sale can be found here. In the last 90 days, insiders sold 19,025 shares of company stock valued at $3,251,266. 0.50% of the stock is owned by company insiders.

Institutional Investors Weigh In On Texas Roadhouse

Hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its stake in shares of Texas Roadhouse by 0.8% during the 1st quarter. Vanguard Group Inc. now owns 6,476,056 shares of the restaurant operator’s stock valued at $1,000,356,000 after buying an additional 53,419 shares during the last quarter. Geneva Capital Management LLC lifted its holdings in Texas Roadhouse by 7.9% in the fourth quarter. Geneva Capital Management LLC now owns 948,219 shares of the restaurant operator’s stock valued at $115,901,000 after acquiring an additional 69,536 shares during the period. Dimensional Fund Advisors LP lifted its holdings in Texas Roadhouse by 3.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 833,790 shares of the restaurant operator’s stock valued at $101,916,000 after acquiring an additional 31,079 shares during the period. Boston Trust Walden Corp boosted its position in Texas Roadhouse by 12.9% in the 4th quarter. Boston Trust Walden Corp now owns 777,202 shares of the restaurant operator’s stock worth $94,997,000 after purchasing an additional 89,019 shares in the last quarter. Finally, Westfield Capital Management Co. LP grew its stake in shares of Texas Roadhouse by 9.3% during the 4th quarter. Westfield Capital Management Co. LP now owns 768,526 shares of the restaurant operator’s stock worth $93,937,000 after purchasing an additional 65,480 shares during the period. 94.82% of the stock is owned by hedge funds and other 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.