Texas Roadhouse (NASDAQ:TXRH) Given a $212.00 Price Target by Truist Financial Analysts

Truist Financial set a $212.00 price objective on Texas Roadhouse (NASDAQ:TXRH) in a report released on Wednesday, Marketbeat reports. The firm currently has a buy rating on the restaurant operator’s stock.

A number of other analysts also recently issued reports on TXRH. Stifel Nicolaus lowered their price objective on shares of Texas Roadhouse from $172.00 to $170.00 and set a “hold” rating on the stock in a report on Tuesday, April 15th. Stephens reaffirmed an “equal weight” rating and set a $170.00 price objective on shares of Texas Roadhouse in a research report on Tuesday, June 10th. UBS Group lifted their price objective on shares of Texas Roadhouse from $200.00 to $220.00 and gave the stock a “buy” rating in a research report on Friday, June 6th. Citigroup cut shares of Texas Roadhouse from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $213.00 to $164.00 in a research report on Wednesday, April 23rd. Finally, Wedbush upped their price objective on shares of Texas Roadhouse from $200.00 to $210.00 and gave the stock an “outperform” rating in a research report on Friday, March 28th. Ten equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $192.05.

Texas Roadhouse Price Performance

Shares of Texas Roadhouse stock opened at $188.50 on Wednesday. The firm has a market capitalization of $12.51 billion, a PE ratio of 29.09, a price-to-earnings-growth ratio of 2.53 and a beta of 0.87. The company’s fifty day moving average price is $186.82 and its two-hundred day moving average price is $178.54. Texas Roadhouse has a 52-week low of $148.73 and a 52-week high of $206.04.

Texas Roadhouse (NASDAQ:TXRH) last issued its earnings results on Thursday, May 8th. The restaurant operator reported $1.70 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.75 by ($0.05). The business had revenue of $1.45 billion during the quarter, compared to the consensus estimate of $1.44 billion. Texas Roadhouse had a net margin of 7.89% and a return on equity of 32.33%. The firm’s revenue for the quarter was up 11.8% compared to the same quarter last year. During the same period last year, the business posted $1.69 EPS. Analysts predict that Texas Roadhouse will post 7.23 earnings per share for the current fiscal year.

Texas Roadhouse Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 1st. Shareholders of record on Tuesday, June 3rd were issued a $0.68 dividend. This represents a $2.72 annualized dividend and a yield of 1.44%. The ex-dividend date of this dividend was Tuesday, June 3rd. Texas Roadhouse’s dividend payout ratio is presently 41.98%.

Insider Transactions at Texas Roadhouse

In other news, Director Donna E. Epps sold 800 shares of Texas Roadhouse stock in a transaction that occurred 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 sale, the director directly owned 4,632 shares of the company’s stock, valued at $863,960.64. The trade was a 14.73% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Gregory N. Moore sold 1,000 shares of Texas Roadhouse stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $187.62, for a total value of $187,620.00. Following the completion of the sale, the director directly owned 38,050 shares in the company, valued at $7,138,941. This represents a 2.56% decrease in their ownership of the stock. The disclosure for this sale can be found here. 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 company. KLP Kapitalforvaltning AS acquired a new position in shares of Texas Roadhouse in the 4th quarter valued at $2,959,000. Zions Bancorporation N.A. increased its holdings in Texas Roadhouse by 19.5% during the 4th quarter. Zions Bancorporation N.A. now owns 13,152 shares of the restaurant operator’s stock worth $2,373,000 after purchasing an additional 2,144 shares during the period. Bessemer Group Inc. increased its holdings in shares of Texas Roadhouse by 4.3% in the 4th quarter. Bessemer Group Inc. now owns 176,065 shares of the restaurant operator’s stock valued at $31,768,000 after acquiring an additional 7,301 shares during the last quarter. Raymond James Financial Inc. purchased a new position in shares of Texas Roadhouse in the 4th quarter valued at about $55,177,000. Finally, Smartleaf Asset Management LLC boosted its position in shares of Texas Roadhouse by 244.4% in the 4th quarter. Smartleaf Asset Management LLC now owns 527 shares of the restaurant operator’s stock valued at $95,000 after purchasing an additional 374 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.