Texas Roadhouse (NASDAQ:TXRH) Given New $155.00 Price Target at BMO Capital Markets

Texas Roadhouse (NASDAQ:TXRH) had its price target upped by BMO Capital Markets from $145.00 to $155.00 in a research note published on Friday morning, Benzinga reports. They currently have a market perform rating on the restaurant operator’s stock.

TXRH has been the topic of several other research reports. Benchmark initiated coverage on Texas Roadhouse in a report on Wednesday, April 10th. They set a hold rating on the stock. Robert W. Baird upped their price target on Texas Roadhouse from $178.00 to $182.00 and gave the company an outperform rating in a research note on Friday, May 3rd. Jefferies Financial Group lifted their price objective on Texas Roadhouse from $120.00 to $136.00 and gave the stock a hold rating in a research report on Tuesday, April 16th. Bank of America upped their target price on shares of Texas Roadhouse from $189.00 to $205.00 and gave the company a buy rating in a research report on Wednesday, July 17th. Finally, 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 note on Friday, May 3rd. Thirteen investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat, Texas Roadhouse presently has a consensus rating of Hold and a consensus price target of $168.23.

Texas Roadhouse Stock Up 2.0 %

Texas Roadhouse stock opened at $169.38 on Friday. The stock has a 50-day simple moving average of $169.75 and a 200 day simple moving average of $154.04. The stock has a market capitalization of $11.31 billion, a price-to-earnings ratio of 34.29, a P/E/G ratio of 1.59 and a beta of 1.01. Texas Roadhouse has a 12-month low of $91.06 and a 12-month high of $175.72.

Texas Roadhouse (NASDAQ:TXRH) last posted its quarterly earnings data on Thursday, July 25th. The restaurant operator reported $1.79 earnings per share for the quarter, beating the consensus estimate of $1.66 by $0.13. Texas Roadhouse had a net margin of 7.47% and a return on equity of 31.68%. The firm had revenue of $1.34 billion during the quarter, compared to analysts’ expectations of $1.34 billion. During the same quarter last year, the company posted $1.22 EPS. The company’s quarterly revenue was up 14.5% compared to the same quarter last year. As a group, sell-side analysts anticipate that Texas Roadhouse will post 6.07 EPS for the current year.

Texas Roadhouse Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 25th. Shareholders of record on Wednesday, June 12th were issued 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 1.44%. Texas Roadhouse’s dividend payout ratio (DPR) is currently 49.39%.

Insider Buying and Selling at Texas Roadhouse

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

Hedge Funds Weigh In On Texas Roadhouse

Several hedge funds have recently modified their holdings of the stock. Bridgefront Capital LLC bought a new position in Texas Roadhouse in the fourth quarter valued at approximately $736,000. Ontario Teachers Pension Plan Board acquired a new stake in shares of Texas Roadhouse in the 1st quarter valued at approximately $2,338,000. Bank of Nova Scotia grew its stake in shares of Texas Roadhouse by 5,135.0% in the fourth quarter. Bank of Nova Scotia now owns 222,538 shares of the restaurant operator’s stock valued at $27,200,000 after buying an additional 218,287 shares in the last quarter. Los Angeles Capital Management LLC grew its stake in shares of Texas Roadhouse by 158.3% in the first quarter. Los Angeles Capital Management LLC now owns 22,510 shares of the restaurant operator’s stock valued at $3,477,000 after buying an additional 13,795 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. acquired a new position in Texas Roadhouse during the first quarter worth $4,522,000. 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.