Texas Roadhouse (NASDAQ:TXRH) Hits New 12-Month High at $161.58

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

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the company. Wells Fargo & Company increased their price target on Texas Roadhouse from $125.00 to $140.00 and gave the stock an “equal weight” rating in a research report on Friday, February 16th. Piper Sandler increased their price target on Texas Roadhouse from $110.00 to $136.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 20th. JPMorgan Chase & Co. increased their price target on Texas Roadhouse from $142.00 to $145.00 and gave the stock a “neutral” rating in a research report on Tuesday, March 19th. Stephens assumed coverage on Texas Roadhouse in a research report on Friday, April 12th. They set an “equal weight” rating and a $150.00 price target on the stock. Finally, Robert W. Baird raised Texas Roadhouse from a “neutral” rating to an “outperform” rating and increased their price target for the stock from $160.00 to $175.00 in a research report on Wednesday, March 13th. Eleven analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $138.76.

Texas Roadhouse Stock Performance

The stock has a market capitalization of $10.55 billion, a PE ratio of 34.67, a price-to-earnings-growth ratio of 1.74 and a beta of 1.00. The stock’s 50 day moving average is $152.03 and its two-hundred day moving average is $128.86.

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

Texas Roadhouse Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 26th. Shareholders of record on Wednesday, March 13th were paid a $0.61 dividend. This represents a $2.44 dividend on an annualized basis and a yield of 1.55%. This is a positive change from Texas Roadhouse’s previous quarterly dividend of $0.55. The ex-dividend date was Tuesday, March 12th. Texas Roadhouse’s dividend payout ratio (DPR) is 53.86%.

Insiders Place Their Bets

In other Texas Roadhouse news, President Regina A. Tobin sold 3,064 shares of the firm’s stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $150.07, for a total value of $459,814.48. Following the transaction, the president now directly owns 15,261 shares of the company’s stock, valued at approximately $2,290,218.27. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, insider Christopher C. Colson sold 405 shares of the firm’s stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $149.05, for a total transaction of $60,365.25. Following the completion of the sale, the insider now owns 8,500 shares in the company, valued at approximately $1,266,925. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, President Regina A. Tobin sold 3,064 shares of the firm’s stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $150.07, for a total transaction of $459,814.48. Following the sale, the president now owns 15,261 shares of the company’s stock, valued at approximately $2,290,218.27. The disclosure for this sale can be found here. Insiders have sold 12,382 shares of company stock valued at $1,843,145 in the last ninety days. 0.50% of the stock is currently owned by corporate insiders.

Institutional Trading of Texas Roadhouse

Hedge funds and other institutional investors have recently made changes to their positions in the company. Rise Advisors LLC acquired a new stake in shares of Texas Roadhouse during the 1st quarter worth approximately $32,000. China Universal Asset Management Co. Ltd. increased its holdings in Texas Roadhouse by 454.5% in the 1st quarter. China Universal Asset Management Co. Ltd. now owns 244 shares of the restaurant operator’s stock valued at $38,000 after purchasing an additional 200 shares during the last quarter. Operose Advisors LLC acquired a new stake in Texas Roadhouse in the 3rd quarter valued at approximately $28,000. Fifth Third Bancorp increased its holdings in Texas Roadhouse by 35.8% in the 3rd quarter. Fifth Third Bancorp now owns 474 shares of the restaurant operator’s stock valued at $46,000 after purchasing an additional 125 shares during the last quarter. Finally, Fidelis Capital Partners LLC acquired a new stake in Texas Roadhouse in the 1st quarter valued at approximately $76,000. Institutional investors and hedge funds own 94.82% of the company’s stock.

About Texas Roadhouse

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.