Texas Roadhouse (NASDAQ:TXRH) Stock Price Expected to Rise, UBS Group Analyst Says

Texas Roadhouse (NASDAQ:TXRH) had its price target hoisted by UBS Group from $200.00 to $220.00 in a research note issued to investors on Friday morning,Benzinga reports. UBS Group currently has a buy rating on the restaurant operator’s stock.

Several other research analysts have also recently weighed in on the stock. Truist Financial reduced their price target on shares of Texas Roadhouse from $209.00 to $205.00 and set a “buy” rating for the company in a report on Friday, February 21st. JPMorgan Chase & Co. dropped their price target on Texas Roadhouse from $185.00 to $184.00 and set a “neutral” rating on the stock in a research note on Thursday, March 20th. Stifel Nicolaus dropped their target price on Texas Roadhouse from $172.00 to $170.00 and set a “hold” rating on the stock in a research report on Tuesday, April 15th. The Goldman Sachs Group upped their price target on Texas Roadhouse from $184.00 to $205.00 and gave the stock a “neutral” rating in a research report on Wednesday, June 4th. Finally, Wells Fargo & Company lowered their price objective on shares of Texas Roadhouse from $175.00 to $170.00 and set an “equal weight” rating on the stock in a report on Tuesday, April 22nd. Ten analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $192.19.

Texas Roadhouse Stock Up 1.8%

TXRH opened at $195.19 on Friday. Texas Roadhouse has a 12 month low of $148.73 and a 12 month high of $206.04. The stock has a market cap of $12.95 billion, a P/E ratio of 30.17, a P/E/G ratio of 1.23 and a beta of 0.90. The company has a fifty day simple moving average of $175.78 and a 200 day simple moving average of $179.24.

Texas Roadhouse (NASDAQ:TXRH) last released its quarterly earnings data on Thursday, May 8th. The restaurant operator reported $1.70 earnings per share for the quarter, missing the consensus estimate of $1.75 by ($0.05). Texas Roadhouse had a net margin of 8.07% and a return on equity of 34.02%. The business had revenue of $1.45 billion for the quarter, compared to the consensus estimate of $1.44 billion. During the same quarter last year, the firm earned $1.69 EPS. The company’s revenue for the quarter was up 11.8% on a year-over-year basis. On average, equities research analysts expect that Texas Roadhouse will post 7.23 earnings per share for the current fiscal year.

Texas Roadhouse Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 1st. Shareholders of record on Tuesday, June 3rd will be issued a $0.68 dividend. The ex-dividend date of this dividend is Tuesday, June 3rd. This represents a $2.72 annualized dividend and a yield of 1.39%. Texas Roadhouse’s dividend payout ratio is currently 41.98%.

Insider Buying and Selling

In related news, Director Gregory N. Moore sold 1,000 shares of the stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $187.62, for a total transaction of $187,620.00. Following the sale, the director now owns 38,050 shares of the company’s stock, valued at $7,138,941. This represents a 2.56% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Donna E. Epps sold 800 shares of the firm’s stock in a transaction on Friday, May 23rd. The stock was sold at an average price of $186.52, for a total value of $149,216.00. Following the completion of the transaction, the director now owns 4,632 shares in the company, valued at $863,960.64. The trade was a 14.73% decrease in their position. The disclosure for this sale can be found here. 0.50% of the stock is currently owned by insiders.

Institutional Trading of Texas Roadhouse

Large investors have recently bought and sold shares of the business. First Hawaiian Bank lifted its stake in shares of Texas Roadhouse by 101.0% in the 1st quarter. First Hawaiian Bank now owns 17,309 shares of the restaurant operator’s stock valued at $2,884,000 after acquiring an additional 8,698 shares during the last quarter. Strs Ohio bought a new position in Texas Roadhouse during the first quarter worth $4,732,000. WBI Investments LLC acquired a new position in Texas Roadhouse in the first quarter valued at approximately $247,000. Geneos Wealth Management Inc. boosted its stake in Texas Roadhouse by 36.0% during the first quarter. Geneos Wealth Management Inc. now owns 419 shares of the restaurant operator’s stock worth $70,000 after acquiring an additional 111 shares in the last quarter. Finally, Focus Partners Wealth grew its stake in shares of Texas Roadhouse by 23.3% in the 1st quarter. Focus Partners Wealth now owns 6,124 shares of the restaurant operator’s stock valued at $1,020,000 after buying an additional 1,157 shares during the period. 94.82% of the stock is 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.