Texas Roadhouse (NASDAQ:TXRH) Given New $209.00 Price Target at Truist Financial

Texas Roadhouse (NASDAQ:TXRH) had its target price raised by Truist Financial from $207.00 to $209.00 in a research note issued to investors on Wednesday morning,Benzinga reports. They currently have a buy rating on the restaurant operator’s stock.

A number of other research firms also recently weighed in on TXRH. BMO Capital Markets boosted their target price on shares of Texas Roadhouse from $155.00 to $162.00 and gave the stock a “market perform” rating in a report on Friday, October 25th. Gordon Haskett cut Texas Roadhouse from a “buy” rating to a “hold” rating and set a $192.00 price objective on the stock. in a research note on Wednesday. Citigroup raised their price objective on Texas Roadhouse from $192.00 to $201.00 and gave the company a “buy” rating in a research note on Tuesday, October 1st. Wedbush reissued an “outperform” rating and set a $200.00 target price on shares of Texas Roadhouse in a research report on Thursday, December 19th. Finally, Barclays raised their price target on Texas Roadhouse from $160.00 to $175.00 and gave the stock an “equal weight” rating in a research report on Friday, October 25th. Fourteen equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat, Texas Roadhouse currently has an average rating of “Hold” and a consensus price target of $190.26.

Texas Roadhouse Trading Up 0.4 %

Shares of Texas Roadhouse stock opened at $182.05 on Wednesday. The firm has a market cap of $12.15 billion, a PE ratio of 31.28, a PEG ratio of 1.59 and a beta of 1.01. The stock has a 50 day moving average of $190.85 and a 200 day moving average of $178.42. Texas Roadhouse has a 12 month low of $115.48 and a 12 month high of $206.04.

Texas Roadhouse (NASDAQ:TXRH) last posted its earnings results on Thursday, October 24th. The restaurant operator reported $1.26 EPS for the quarter, missing analysts’ consensus estimates of $1.32 by ($0.06). Texas Roadhouse had a net margin of 7.65% and a return on equity of 31.33%. The firm had revenue of $1.27 billion for the quarter, compared to the consensus estimate of $1.27 billion. During the same quarter in the prior year, the company posted $0.95 earnings per share. The firm’s revenue was up 13.5% compared to the same quarter last year. As a group, equities research analysts forecast that Texas Roadhouse will post 6.39 earnings per share for the current fiscal year.

Texas Roadhouse Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 10th were issued a $0.61 dividend. This represents a $2.44 annualized dividend and a dividend yield of 1.34%. The ex-dividend date was Tuesday, December 10th. Texas Roadhouse’s dividend payout ratio is 41.92%.

Insider Transactions at Texas Roadhouse

In related news, Director Donna E. Epps sold 610 shares of the stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $195.66, for a total transaction of $119,352.60. Following the completion of the sale, the director now owns 3,532 shares of the company’s stock, valued at $691,071.12. This represents a 14.73 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CTO Hernan E. Mujica sold 1,500 shares of Texas Roadhouse stock in a transaction on Thursday, November 14th. The stock was sold at an average price of $202.26, for a total transaction of $303,390.00. Following the completion of the transaction, the chief technology officer now directly owns 16,342 shares in the company, valued at $3,305,332.92. This represents a 8.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.50% of the company’s stock.

Institutional Trading of Texas Roadhouse

A number of institutional investors have recently made changes to their positions in the business. First Hawaiian Bank purchased a new stake in shares of Texas Roadhouse during the fourth quarter worth about $1,554,000. Central Pacific Bank Trust Division boosted its position in Texas Roadhouse by 9.1% in the fourth quarter. Central Pacific Bank Trust Division now owns 960 shares of the restaurant operator’s stock valued at $173,000 after buying an additional 80 shares during the last quarter. Everence Capital Management Inc. purchased a new position in shares of Texas Roadhouse during the fourth quarter worth $309,000. GAMMA Investing LLC boosted its stake in shares of Texas Roadhouse by 40.2% in the fourth quarter. GAMMA Investing LLC now owns 1,680 shares of the restaurant operator’s stock worth $303,000 after buying an additional 482 shares during the last quarter. Finally, Lord Abbett & CO. LLC grew its holdings in Texas Roadhouse by 5.8% during the third quarter. Lord Abbett & CO. LLC now owns 160,253 shares of the restaurant operator’s stock worth $28,301,000 after acquiring an additional 8,724 shares during the period. Institutional investors and hedge funds 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.