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

Texas Roadhouse (NASDAQ:TXRH) had its target price trimmed by Stifel Nicolaus from $172.00 to $170.00 in a research report report published on Tuesday morning,Benzinga reports. The firm currently has a hold rating on the restaurant operator’s stock.

Several other equities research analysts have also issued reports on TXRH. Stephens lowered their target price on shares of Texas Roadhouse from $186.00 to $180.00 and set an “equal weight” rating on the stock in a research note on Friday, February 21st. Gordon Haskett downgraded Texas Roadhouse from a “buy” rating to a “hold” rating and set a $192.00 price target on the stock. in a research report on Wednesday, January 8th. Barclays cut their price objective on Texas Roadhouse from $194.00 to $178.00 and set an “equal weight” rating for the company in a research report on Friday, February 21st. JPMorgan Chase & Co. decreased their target price on Texas Roadhouse from $185.00 to $184.00 and set a “neutral” rating on the stock in a research report on Thursday, March 20th. Finally, Truist Financial cut their price target on shares of Texas Roadhouse from $209.00 to $205.00 and set a “buy” rating for the company in a report on Friday, February 21st. Ten equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $192.14.

Texas Roadhouse Trading Down 0.1 %

Shares of TXRH stock opened at $163.01 on Tuesday. Texas Roadhouse has a twelve month low of $146.79 and a twelve month high of $206.04. The stock has a 50 day moving average of $171.25 and a 200 day moving average of $180.89. The stock has a market cap of $10.83 billion, a P/E ratio of 25.19, a P/E/G ratio of 1.23 and a beta of 0.88.

Texas Roadhouse (NASDAQ:TXRH) last posted its 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. Texas Roadhouse had a net margin of 8.07% and a return on equity of 34.02%. The firm had revenue of $1.44 billion during the quarter, compared to analyst estimates of $1.41 billion. On average, research analysts predict that Texas Roadhouse will post 7.23 earnings per share for the current fiscal year.

Texas Roadhouse Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Tuesday, March 18th were given a dividend of $0.68 per share. 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 1.67%. The ex-dividend date was Tuesday, March 18th. Texas Roadhouse’s dividend payout ratio (DPR) is presently 42.04%.

Insider Buying and Selling at Texas Roadhouse

In other news, President Regina A. Tobin sold 3,154 shares of Texas Roadhouse stock in a transaction that occurred on Wednesday, March 5th. The shares were sold at an average price of $185.64, for a total transaction of $585,508.56. Following the sale, the president now owns 18,414 shares of the company’s stock, valued at approximately $3,418,374.96. The trade was a 14.62 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CTO Hernan E. Mujica sold 2,050 shares of the stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $170.66, for a total value of $349,853.00. Following the completion of the transaction, the chief technology officer now owns 17,162 shares of the company’s stock, valued at $2,928,866.92. The trade was a 10.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 16,535 shares of company stock worth $2,952,507 in the last ninety days. 0.50% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the stock. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of Texas Roadhouse during the fourth quarter valued at about $30,000. Coppell Advisory Solutions LLC boosted 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 worth $35,000 after purchasing an additional 71 shares during the period. SBI Securities Co. Ltd. acquired a new stake in Texas Roadhouse in the 4th quarter valued at approximately $36,000. MassMutual Private Wealth & Trust FSB raised its position in Texas Roadhouse by 32.2% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 267 shares of the restaurant operator’s stock valued at $48,000 after purchasing an additional 65 shares during the period. Finally, VisionPoint Advisory Group LLC acquired a new position in Texas Roadhouse during the fourth quarter worth $64,000. 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.