Stifel Nicolaus Cuts Texas Roadhouse (NASDAQ:TXRH) Price Target to $170.00

Texas Roadhouse (NASDAQ:TXRH) had its price objective decreased by Stifel Nicolaus from $172.00 to $170.00 in a research report report published on Tuesday, MarketBeat.com reports. Stifel Nicolaus currently has a hold rating on the restaurant operator’s stock.

TXRH has been the topic of several other reports. Citigroup boosted their price target on shares of Texas Roadhouse from $212.00 to $213.00 and gave the company a “buy” rating in a report on Friday, February 21st. Truist Financial cut their price target on Texas Roadhouse from $209.00 to $205.00 and set a “buy” rating for the company in a research note on Friday, February 21st. Barclays lowered their price target on Texas Roadhouse from $194.00 to $178.00 and set an “equal weight” rating for the company in a research note on Friday, February 21st. Morgan Stanley upgraded shares of Texas Roadhouse from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $205.00 to $213.00 in a research note on Tuesday, January 21st. Finally, Gordon Haskett lowered shares of Texas Roadhouse from a “buy” rating to a “hold” rating and set a $192.00 price target on the stock. in a research note on Wednesday, January 8th. Nine analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $194.81.

Texas Roadhouse Trading Up 0.9 %

Shares of Texas Roadhouse stock opened at $161.89 on Tuesday. Texas Roadhouse has a 1 year low of $148.73 and a 1 year high of $206.04. The company has a market cap of $10.76 billion, a P/E ratio of 25.02, a P/E/G ratio of 1.23 and a beta of 0.88. The stock has a 50-day moving average price of $170.70 and a 200 day moving average price of $180.64.

Texas Roadhouse (NASDAQ:TXRH) last posted its quarterly earnings results on Thursday, February 20th. The restaurant operator reported $1.73 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.66 by $0.07. Texas Roadhouse had a net margin of 8.07% and a return on equity of 34.02%. The business had revenue of $1.44 billion during the quarter, compared to analyst estimates of $1.41 billion. On average, equities analysts forecast 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 was paid on Tuesday, April 1st. Shareholders of record on Tuesday, March 18th were issued a $0.68 dividend. The ex-dividend date of this dividend was 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 yield of 1.68%. Texas Roadhouse’s dividend payout ratio is 42.04%.

Insider Transactions at Texas Roadhouse

In related news, President Regina A. Tobin sold 3,154 shares of Texas Roadhouse stock in a transaction dated Wednesday, March 5th. The stock was sold at an average price of $185.64, for a total transaction of $585,508.56. Following the sale, the president now directly owns 18,414 shares of the company’s stock, valued at $3,418,374.96. This trade represents a 14.62 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Christopher C. Colson sold 580 shares of the firm’s stock in a transaction that occurred on Friday, February 28th. The stock was sold at an average price of $181.94, for a total value of $105,525.20. Following the completion of the sale, the insider now owns 12,000 shares of the company’s stock, valued at $2,183,280. This represents a 4.61 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 16,535 shares of company stock worth $2,952,507. 0.50% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Texas Roadhouse

Several institutional investors and hedge funds have recently bought and sold shares of the business. KLP Kapitalforvaltning AS acquired a new stake in shares of Texas Roadhouse during the 4th quarter valued at about $2,959,000. Zions Bancorporation N.A. lifted its stake in Texas Roadhouse by 19.5% during the fourth 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. boosted its holdings in Texas Roadhouse by 4.3% during the fourth quarter. Bessemer Group Inc. now owns 176,065 shares of the restaurant operator’s stock valued at $31,768,000 after purchasing an additional 7,301 shares in the last quarter. Chase Investment Counsel Corp bought a new stake in shares of Texas Roadhouse in the 4th quarter valued at approximately $316,000. Finally, Raymond James Financial Inc. bought a new stake in shares of Texas Roadhouse in the 4th quarter valued at approximately $55,177,000. Institutional investors 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.