Stephens Issues Pessimistic Forecast for Texas Roadhouse (NASDAQ:TXRH) Stock Price

Texas Roadhouse (NASDAQ:TXRH) had its price objective cut by Stephens from $186.00 to $180.00 in a research note published on Friday,Benzinga reports. They currently have an equal weight rating on the restaurant operator’s stock.

Other analysts have also recently issued reports about the company. Truist Financial lowered their price target on Texas Roadhouse from $209.00 to $205.00 and set a “buy” rating on the stock in a research report on Friday. UBS Group upped their price target on Texas Roadhouse from $200.00 to $210.00 and gave the company a “buy” rating in a research report on Friday, October 25th. BMO Capital Markets upped their price target on Texas Roadhouse from $155.00 to $162.00 and gave the company a “market perform” rating in a research report on Friday, October 25th. The Goldman Sachs Group began coverage on Texas Roadhouse in a research report on Thursday, December 5th. They issued a “neutral” rating and a $213.00 price target on the stock. Finally, Stifel Nicolaus lowered their price target on Texas Roadhouse from $185.00 to $172.00 and set a “hold” rating on the stock in a research report on Friday. Eleven investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat, Texas Roadhouse presently has an average rating of “Moderate Buy” and an average target price of $192.50.

Texas Roadhouse Trading Down 1.4 %

TXRH opened at $169.13 on Friday. The stock has a market cap of $11.28 billion, a PE ratio of 26.14, a P/E/G ratio of 1.23 and a beta of 1.02. Texas Roadhouse has a 1 year low of $146.51 and a 1 year high of $206.04. The stock’s 50 day simple moving average is $179.22 and its 200-day simple moving average is $180.28.

Texas Roadhouse (NASDAQ:TXRH) last announced its quarterly earnings results on Thursday, February 20th. The restaurant operator reported $1.73 earnings per share for the quarter, beating 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 firm had revenue of $1.44 billion for the quarter, compared to analysts’ expectations of $1.41 billion. Equities analysts forecast that Texas Roadhouse will post 7.23 earnings per share for the current fiscal year.

Texas Roadhouse Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Tuesday, March 18th will be paid a dividend of $0.68 per share. This represents a $2.72 annualized dividend and a dividend yield of 1.61%. The ex-dividend date is Tuesday, March 18th. This is a positive change from Texas Roadhouse’s previous quarterly dividend of $0.61. Texas Roadhouse’s dividend payout ratio is 42.04%.

Insider Activity

In other news, insider Christopher C. Colson sold 1,370 shares of the company’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 owns 10,000 shares of the company’s stock, valued at $1,794,600. This represents a 12.05 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.50% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Texas Roadhouse

Several large investors have recently made changes to their positions in TXRH. Norges Bank bought a new stake in Texas Roadhouse in the fourth quarter valued at about $155,239,000. FMR LLC increased its holdings in Texas Roadhouse by 81.6% in the third quarter. FMR LLC now owns 898,522 shares of the restaurant operator’s stock valued at $158,679,000 after purchasing an additional 403,720 shares during the last quarter. Franklin Resources Inc. increased its holdings in Texas Roadhouse by 76.0% in the third quarter. Franklin Resources Inc. now owns 893,925 shares of the restaurant operator’s stock valued at $157,375,000 after purchasing an additional 385,998 shares during the last quarter. Erste Asset Management GmbH bought a new stake in Texas Roadhouse in the third quarter valued at about $66,609,000. Finally, T. Rowe Price Investment Management Inc. increased its holdings in Texas Roadhouse by 255.1% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 520,352 shares of the restaurant operator’s stock valued at $93,888,000 after purchasing an additional 373,812 shares during the last quarter. 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.