Texas Roadhouse’s (TXRH) Equal Weight Rating Reiterated at Stephens

Stephens reaffirmed their equal weight rating on shares of Texas Roadhouse (NASDAQ:TXRH) in a research note released on Tuesday morning,Benzinga reports. They currently have a $170.00 target price on the restaurant operator’s stock.

A number of other research analysts have also recently commented on TXRH. Royal Bank of Canada dropped their price target on Texas Roadhouse from $200.00 to $180.00 and set a “sector perform” rating for the company in a research note on Friday, February 21st. Stifel Nicolaus decreased their price objective on Texas Roadhouse from $172.00 to $170.00 and set a “hold” rating for the company in a report on Tuesday, April 15th. JPMorgan Chase & Co. decreased their price target on Texas Roadhouse from $185.00 to $184.00 and set a “neutral” rating for the company in a report on Thursday, March 20th. Truist Financial dropped their price target on shares of Texas Roadhouse from $209.00 to $205.00 and set a “buy” rating on the stock in a research report on Friday, February 21st. Finally, Robert W. Baird set a $180.00 price target on shares of Texas Roadhouse and gave the stock an “outperform” rating in a research note on Monday, April 7th. Ten investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $191.71.

Texas Roadhouse Stock Down 0.6%

Shares of NASDAQ TXRH opened at $186.64 on Tuesday. The business’s 50 day moving average price is $177.87 and its two-hundred day moving average price is $179.26. The company has a market cap of $12.38 billion, a PE ratio of 28.85, a price-to-earnings-growth ratio of 1.23 and a beta of 0.89. Texas Roadhouse has a twelve month low of $148.73 and a twelve month high of $206.04.

Texas Roadhouse (NASDAQ:TXRH) last posted its earnings results on Thursday, May 8th. The restaurant operator reported $1.70 EPS for the quarter, missing the consensus estimate of $1.75 by ($0.05). Texas Roadhouse had a net margin of 8.07% and a return on equity of 34.02%. The firm had revenue of $1.45 billion during the quarter, compared to analyst estimates of $1.44 billion. During the same period in the previous year, the company posted $1.69 EPS. Texas Roadhouse’s revenue for the quarter was up 11.8% compared to the same quarter last year. As a group, research analysts anticipate that Texas Roadhouse will post 7.23 EPS for the current fiscal year.

Texas Roadhouse Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 1st. Stockholders of record on Tuesday, June 3rd will be paid a $0.68 dividend. This represents a $2.72 annualized dividend and a dividend yield of 1.46%. The ex-dividend date is Tuesday, June 3rd. Texas Roadhouse’s dividend payout ratio is currently 41.98%.

Insider Transactions at Texas Roadhouse

In other Texas Roadhouse news, Director Donna E. Epps sold 800 shares of the business’s stock in a transaction dated Friday, May 23rd. The shares were sold at an average price of $186.52, for a total value of $149,216.00. Following the transaction, the director now directly owns 4,632 shares in the company, valued at $863,960.64. The trade was a 14.73% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Gregory N. Moore sold 1,000 shares of Texas Roadhouse stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $187.62, for a total transaction of $187,620.00. Following the completion of the transaction, the director now owns 38,050 shares of the company’s stock, valued at $7,138,941. This trade represents a 2.56% decrease in their position. The disclosure for this sale can be found here. Insiders own 0.50% of the company’s stock.

Institutional Trading of Texas Roadhouse

Several institutional investors have recently modified their holdings of the stock. Brooklyn Investment Group grew its stake in shares of Texas Roadhouse by 478.6% during the 1st quarter. Brooklyn Investment Group now owns 162 shares of the restaurant operator’s stock worth $27,000 after purchasing an additional 134 shares during the period. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of Texas Roadhouse during the 4th quarter worth about $30,000. Bogart Wealth LLC acquired a new stake in shares of Texas Roadhouse in the first quarter worth approximately $33,000. Coppell Advisory Solutions LLC boosted its position in shares of Texas Roadhouse by 56.8% in the fourth quarter. Coppell Advisory Solutions LLC now owns 196 shares of the restaurant operator’s stock worth $35,000 after acquiring an additional 71 shares during the last quarter. Finally, SBI Securities Co. Ltd. acquired a new stake in shares of Texas Roadhouse in the fourth quarter worth approximately $36,000. Hedge funds and other 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.