Texas Roadhouse (NASDAQ:TXRH) Price Target Cut to $178.00 by Analysts at Barclays

Texas Roadhouse (NASDAQ:TXRH) had its price target trimmed by Barclays from $194.00 to $178.00 in a report released on Friday,Benzinga reports. The brokerage currently has an equal weight rating on the restaurant operator’s stock.

A number of other analysts also recently weighed in on the stock. BMO Capital Markets increased their target price on shares of Texas Roadhouse from $155.00 to $162.00 and gave the company a “market perform” rating in a research report on Friday, October 25th. Gordon Haskett downgraded shares of Texas Roadhouse from a “buy” rating to a “hold” rating and set a $192.00 price objective for the company. in a research report on Wednesday, January 8th. Robert W. Baird raised their price objective on shares of Texas Roadhouse from $190.00 to $205.00 and gave the stock an “outperform” rating in a research report on Friday, October 25th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $200.00 price objective on shares of Texas Roadhouse in a research report on Thursday, January 16th. Finally, Truist Financial raised their price objective on shares of Texas Roadhouse from $207.00 to $209.00 and gave the stock a “buy” rating in a research report on Wednesday, January 8th. Eleven equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $192.50.

Texas Roadhouse Stock Performance

NASDAQ:TXRH opened at $169.13 on Friday. The company has a market capitalization of $11.28 billion, a PE ratio of 26.14, a P/E/G ratio of 1.23 and a beta of 1.02. The company has a 50 day simple moving average of $179.22 and a two-hundred day simple moving average of $180.28. Texas Roadhouse has a fifty-two week low of $146.51 and a fifty-two week high of $206.04.

Texas Roadhouse (NASDAQ:TXRH) last released its 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. The business had revenue of $1.44 billion during the quarter, compared to the consensus estimate of $1.41 billion. Texas Roadhouse had a net margin of 8.07% and a return on equity of 34.02%. Research analysts predict that Texas Roadhouse will post 7.23 EPS for the current year.

Texas Roadhouse Increases Dividend

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

Insider Buying and Selling at Texas Roadhouse

In other Texas Roadhouse news, insider Christopher C. Colson sold 1,370 shares of the firm’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 approximately $1,794,600. This trade represents a 12.05 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.50% of the company’s stock.

Hedge Funds Weigh In On Texas Roadhouse

Large investors have recently bought and sold shares of the stock. Mirae Asset Global Investments Co. Ltd. bought a new position in Texas Roadhouse during the 4th quarter valued at $30,000. True Wealth Design LLC bought a new position in Texas Roadhouse during the 3rd quarter valued at $30,000. PSI Advisors LLC lifted 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 valued at $32,000 after acquiring an additional 75 shares in the last quarter. Coppell Advisory Solutions LLC increased its position in shares of Texas Roadhouse by 56.8% during the 4th quarter. Coppell Advisory Solutions LLC now owns 196 shares of the restaurant operator’s stock valued at $35,000 after purchasing an additional 71 shares during the last quarter. Finally, SBI Securities Co. Ltd. purchased a new stake in shares of Texas Roadhouse during the 4th quarter valued at $36,000. 94.82% of the stock is currently owned by institutional investors.

About Texas Roadhouse

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.