Texas Roadhouse (NASDAQ:TXRH) Price Target Lowered to $205.00 at Truist Financial

Texas Roadhouse (NASDAQ:TXRH) had its price objective trimmed by Truist Financial from $209.00 to $205.00 in a report issued on Friday morning,Benzinga reports. The firm currently has a buy rating on the restaurant operator’s stock.

Several other analysts have also recently issued reports on TXRH. Wedbush cut their target price on Texas Roadhouse from $220.00 to $200.00 and set an “outperform” rating for the company in a research report on Friday. Stifel Nicolaus cut their target price on Texas Roadhouse from $185.00 to $172.00 and set a “hold” rating for the company in a research report on Friday. Barclays cut their target price on Texas Roadhouse from $194.00 to $178.00 and set an “equal weight” rating for the company in a research report on Friday. Loop Capital cut their target price on Texas Roadhouse from $215.00 to $209.00 and set a “buy” rating for the company in a research report on Monday, October 28th. Finally, UBS Group increased their target price on Texas Roadhouse from $200.00 to $210.00 and gave the stock a “buy” rating in a research report on Friday, October 25th. Eleven analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $192.50.

Texas Roadhouse Stock Down 1.4 %

Shares of TXRH opened at $169.13 on Friday. The business has a 50-day simple moving average of $179.22 and a two-hundred day simple moving average of $180.28. The stock has a market cap of $11.28 billion, a price-to-earnings ratio of 26.14, a PEG ratio of 1.23 and a beta of 1.02. Texas Roadhouse has a 52 week low of $146.51 and a 52 week high of $206.04.

Texas Roadhouse (NASDAQ:TXRH) last issued its quarterly earnings results on Thursday, February 20th. The restaurant operator reported $1.73 EPS for the quarter, topping analysts’ consensus estimates of $1.66 by $0.07. Texas Roadhouse had a return on equity of 34.02% and a net margin of 8.07%. The business had revenue of $1.44 billion during the quarter, compared to analysts’ expectations of $1.41 billion. On average, equities analysts anticipate that Texas Roadhouse will post 7.23 earnings per share for the current fiscal year.

Texas Roadhouse Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Tuesday, March 18th will be issued a $0.68 dividend. The ex-dividend date of this dividend is Tuesday, March 18th. This is an increase from Texas Roadhouse’s previous quarterly dividend of $0.61. This represents a $2.72 dividend on an annualized basis and a dividend yield of 1.61%. Texas Roadhouse’s dividend payout ratio (DPR) is currently 42.04%.

Insider Buying and Selling

In related news, insider Christopher C. Colson sold 1,370 shares of the business’s stock in a transaction on Friday, January 10th. The stock was sold at an average price of $179.46, for a total transaction of $245,860.20. Following the transaction, the insider now directly owns 10,000 shares in the company, valued at $1,794,600. The trade was a 12.05 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.50% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in TXRH. True Wealth Design LLC purchased a new position in Texas Roadhouse during the 3rd quarter worth $30,000. Mirae Asset Global Investments Co. Ltd. purchased a new position in Texas Roadhouse during the 4th quarter worth $30,000. PSI Advisors LLC grew its stake in Texas Roadhouse by 70.8% during the 3rd quarter. PSI Advisors LLC now owns 181 shares of the restaurant operator’s stock worth $32,000 after buying an additional 75 shares during the last quarter. Coppell Advisory Solutions LLC grew its stake in Texas Roadhouse by 56.8% during the 4th quarter. Coppell Advisory Solutions LLC now owns 196 shares of the restaurant operator’s stock worth $35,000 after buying an additional 71 shares during the last quarter. Finally, SBI Securities Co. Ltd. purchased a new position in Texas Roadhouse during the 4th quarter worth $36,000. 94.82% of the stock is currently owned by hedge funds and other institutional investors.

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.