Texas Roadhouse (NASDAQ:TXRH) Given New $172.00 Price Target at Stifel Nicolaus

Texas Roadhouse (NASDAQ:TXRH) had its target price trimmed by Stifel Nicolaus from $185.00 to $172.00 in a research report sent to investors on Friday,Benzinga reports. The brokerage currently has a hold rating on the restaurant operator’s stock.

A number of other analysts also recently commented on the company. Robert W. Baird upped their price objective on Texas Roadhouse from $190.00 to $205.00 and gave the stock an “outperform” rating in a report on Friday, October 25th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $200.00 price target on shares of Texas Roadhouse in a report on Thursday, January 16th. The Goldman Sachs Group assumed coverage on Texas Roadhouse in a report on Thursday, December 5th. They issued a “neutral” rating and a $213.00 price target for the company. Barclays decreased their price objective on shares of Texas Roadhouse from $194.00 to $178.00 and set an “equal weight” rating for the company in a research report on Friday. Finally, UBS Group upped their price objective on shares of Texas Roadhouse from $200.00 to $210.00 and gave the company a “buy” rating in a research report on Friday, October 25th. Eleven analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $192.50.

Texas Roadhouse Stock Performance

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

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

Texas Roadhouse Increases Dividend

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

Insider Buying and Selling

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

Institutional Investors Weigh In On Texas Roadhouse

Several large investors have recently made changes to their positions in the company. Vanguard Group Inc. increased its stake in shares of Texas Roadhouse by 1.2% in the fourth quarter. Vanguard Group Inc. now owns 6,540,615 shares of the restaurant operator’s stock valued at $1,180,123,000 after purchasing an additional 76,051 shares during the period. Invesco Ltd. increased its stake in shares of Texas Roadhouse by 5.9% during the fourth quarter. Invesco Ltd. now owns 2,479,323 shares of the restaurant operator’s stock valued at $447,344,000 after acquiring an additional 138,675 shares during the period. State Street Corp increased its stake in shares of Texas Roadhouse by 2.0% during the third quarter. State Street Corp now owns 1,982,848 shares of the restaurant operator’s stock valued at $350,171,000 after acquiring an additional 38,723 shares during the period. FMR LLC boosted its holdings in Texas Roadhouse by 44.8% during the fourth quarter. FMR LLC now owns 1,300,987 shares of the restaurant operator’s stock worth $234,737,000 after buying an additional 402,465 shares in the last quarter. Finally, Geode Capital Management LLC boosted its holdings in Texas Roadhouse by 0.5% during the fourth quarter. Geode Capital Management LLC now owns 1,207,645 shares of the restaurant operator’s stock worth $217,959,000 after buying an additional 6,004 shares in the last quarter. Institutional investors and hedge funds own 94.82% of the company’s stock.

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.