Texas Roadhouse (NASDAQ:TXRH) Given New $205.00 Price Target at Truist Financial

Texas Roadhouse (NASDAQ:TXRH) had its price objective trimmed by Truist Financial from $209.00 to $205.00 in a report issued on Friday,Benzinga reports. The firm currently has a buy rating on the restaurant operator’s stock.

A number of other equities analysts also recently weighed in on the company. The Goldman Sachs Group initiated coverage on Texas Roadhouse in a report on Thursday, December 5th. They issued a “neutral” rating and a $213.00 target price on the stock. Loop Capital dropped their price objective on shares of Texas Roadhouse from $215.00 to $209.00 and set a “buy” rating on the stock in a research note on Monday, October 28th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $200.00 target price on shares of Texas Roadhouse in a research report on Thursday, January 16th. BMO Capital Markets boosted their price target on shares of Texas Roadhouse from $155.00 to $162.00 and gave the company a “market perform” rating in a report on Friday, October 25th. Finally, UBS Group increased their price objective on Texas Roadhouse from $200.00 to $210.00 and gave the stock a “buy” rating in a report on Friday, October 25th. Eleven investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $192.50.

Texas Roadhouse Stock Performance

NASDAQ TXRH opened at $169.13 on Friday. The firm’s 50 day moving average price is $179.58 and its two-hundred day moving average price is $180.02. Texas Roadhouse has a twelve month low of $146.51 and a twelve month high of $206.04. The stock has a market cap of $11.28 billion, a price-to-earnings ratio of 26.14, a PEG ratio of 1.23 and a beta of 1.02.

Texas Roadhouse (NASDAQ:TXRH) last issued its earnings results on Thursday, February 20th. The restaurant operator reported $1.73 EPS for the quarter, topping the consensus estimate of $1.66 by $0.07. The business had revenue of $1.44 billion during the quarter, compared to analysts’ expectations 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 forecast that Texas Roadhouse will post 7.23 EPS for the current fiscal year.

Texas Roadhouse Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Tuesday, March 18th will be issued a dividend of $0.68 per share. This is an increase from Texas Roadhouse’s previous quarterly dividend of $0.61. This represents a $2.72 annualized dividend and a dividend yield of 1.61%. The ex-dividend date of this dividend is Tuesday, March 18th. Texas Roadhouse’s dividend payout ratio is currently 37.71%.

Insider Activity at Texas Roadhouse

In other Texas Roadhouse news, insider Christopher C. Colson sold 1,370 shares of the business’s stock in a transaction on Friday, January 10th. The shares were sold at an average price of $179.46, for a total transaction of $245,860.20. Following the completion of the transaction, the insider now owns 10,000 shares of the company’s stock, valued at $1,794,600. The trade was a 12.05 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.50% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Texas Roadhouse

A number of institutional investors have recently made changes to their positions in TXRH. Vanguard Group Inc. grew its holdings in Texas Roadhouse by 1.2% in the 4th quarter. Vanguard Group Inc. now owns 6,540,615 shares of the restaurant operator’s stock valued at $1,180,123,000 after buying an additional 76,051 shares during the last quarter. Invesco Ltd. boosted its position in shares of Texas Roadhouse by 5.9% in 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 grew its stake in shares of Texas Roadhouse by 2.0% in the third quarter. State Street Corp now owns 1,982,848 shares of the restaurant operator’s stock worth $350,171,000 after acquiring an additional 38,723 shares during the last quarter. FMR LLC increased its position 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 acquiring an additional 402,465 shares during the period. Finally, Geode Capital Management LLC raised its stake in Texas Roadhouse by 0.5% during the 4th quarter. Geode Capital Management LLC now owns 1,207,645 shares of the restaurant operator’s stock valued at $217,959,000 after purchasing an additional 6,004 shares during the last quarter. 94.82% of the stock is currently owned by institutional investors.

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.