Texas Roadhouse (TXRH) Price Target Increased to $58.00 by Analysts at Morgan Stanley

Texas Roadhouse (NASDAQ:TXRH) had its target price increased by Morgan Stanley from $55.00 to $58.00 in a report issued on Monday morning. Morgan Stanley currently has an equal weight rating on the restaurant operator’s stock.

TXRH has been the subject of a number of other research reports. BTIG Research increased their price target on shares of Texas Roadhouse to $67.00 and gave the company a reduce rating in a research note on Tuesday, January 16th. Wedbush reiterated a buy rating and issued a $64.00 price target on shares of Texas Roadhouse in a research note on Thursday, April 5th. Royal Bank of Canada reiterated a hold rating and issued a $58.00 price target on shares of Texas Roadhouse in a research note on Friday, February 23rd. Mizuho began coverage on shares of Texas Roadhouse in a research note on Thursday, March 15th. They issued a buy rating and a $66.00 price target for the company. Finally, ValuEngine cut shares of Texas Roadhouse from a buy rating to a hold rating in a research note on Monday, April 2nd. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and twelve have assigned a buy rating to the stock. The stock has a consensus rating of Hold and an average price target of $58.81.

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Shares of TXRH stock opened at $62.40 on Monday. The firm has a market capitalization of $4,367.59, a price-to-earnings ratio of 31.68, a PEG ratio of 2.05 and a beta of 0.59. The company has a quick ratio of 0.73, a current ratio of 0.78 and a debt-to-equity ratio of 0.06. Texas Roadhouse has a one year low of $43.87 and a one year high of $62.69.

Texas Roadhouse (NASDAQ:TXRH) last announced its quarterly earnings results on Tuesday, February 20th. The restaurant operator reported $0.40 EPS for the quarter, beating analysts’ consensus estimates of $0.37 by $0.03. The firm had revenue of $545.10 million during the quarter, compared to analysts’ expectations of $545.24 million. Texas Roadhouse had a net margin of 5.93% and a return on equity of 17.20%. The company’s revenue for the quarter was up 12.5% compared to the same quarter last year. During the same quarter last year, the company posted $0.29 earnings per share. equities research analysts predict that Texas Roadhouse will post 2.35 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Thursday, March 29th. Stockholders of record on Wednesday, March 14th were paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.60%. The ex-dividend date of this dividend was Tuesday, March 13th. This is a boost from Texas Roadhouse’s previous quarterly dividend of $0.21. Texas Roadhouse’s dividend payout ratio (DPR) is currently 50.76%.

In other news, Director Kathy Widmer sold 8,000 shares of the firm’s stock in a transaction dated Monday, March 26th. The shares were sold at an average price of $56.51, for a total transaction of $452,080.00. Following the completion of the sale, the director now owns 10,950 shares in the company, valued at approximately $618,784.50. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Scott Matthew Colosi sold 10,644 shares of the firm’s stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $58.55, for a total transaction of $623,206.20. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 32,178 shares of company stock valued at $1,852,664. 5.89% of the stock is currently owned by corporate insiders.

A number of large investors have recently added to or reduced their stakes in TXRH. Cerebellum GP LLC bought a new position in Texas Roadhouse during the fourth quarter worth about $122,000. Cubist Systematic Strategies LLC bought a new position in Texas Roadhouse during the third quarter worth about $193,000. Claraphi Advisory Network LLC bought a new position in Texas Roadhouse during the fourth quarter worth about $202,000. MML Investors Services LLC bought a new position in Texas Roadhouse during the fourth quarter worth about $206,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its position in Texas Roadhouse by 50.1% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,920 shares of the restaurant operator’s stock worth $207,000 after acquiring an additional 1,308 shares during the period. 87.64% of the stock is currently owned by institutional investors and hedge funds.

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About Texas Roadhouse

Texas Roadhouse, Inc is a restaurant company, which operates in the casual dining segment. The Company offers an assortment of seasoned and aged steaks, all cooked over open grills and all but one hand cut daily on the premises. Its restaurants offer a range of menu items at prices that are designed to appeal to a range of consumer tastes.

Analyst Recommendations for Texas Roadhouse (NASDAQ:TXRH)

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