Texas Roadhouse (NASDAQ:TXRH) Price Target Cut to $170.00 by Analysts at Stifel Nicolaus

Texas Roadhouse (NASDAQ:TXRH) had its target price cut by Stifel Nicolaus from $172.00 to $170.00 in a report published on Tuesday morning, MarketBeat reports. They currently have a hold rating on the restaurant operator’s stock.

A number of other equities analysts also recently weighed in on the stock. Wedbush boosted their target price on shares of Texas Roadhouse from $200.00 to $210.00 and gave the stock an “outperform” rating in a research note on Friday, March 28th. Barclays reduced their price objective on Texas Roadhouse from $194.00 to $178.00 and set an “equal weight” rating on the stock in a report on Friday, February 21st. Morgan Stanley raised 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. Stephens dropped their target price on Texas Roadhouse from $186.00 to $180.00 and set an “equal weight” rating for the company in a research report on Friday, February 21st. Finally, Robert W. Baird set a $180.00 price objective on Texas Roadhouse and gave the stock an “outperform” rating in a research report on Monday, April 7th. Nine equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $194.81.

Texas Roadhouse Trading Up 0.9 %

NASDAQ:TXRH opened at $161.89 on Tuesday. The stock has a market capitalization of $10.76 billion, a P/E ratio of 25.02, a price-to-earnings-growth ratio of 1.23 and a beta of 0.88. Texas Roadhouse has a 1 year low of $148.73 and a 1 year high of $206.04. The firm has a 50 day moving average of $170.70 and a 200-day moving average of $180.64.

Texas Roadhouse (NASDAQ:TXRH) last announced 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. Texas Roadhouse had a return on equity of 34.02% and a net margin of 8.07%. The company had revenue of $1.44 billion for the quarter, compared to analysts’ expectations of $1.41 billion. As a group, analysts forecast that Texas Roadhouse will post 7.23 EPS for the current fiscal year.

Texas Roadhouse Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Tuesday, March 18th were given a $0.68 dividend. 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 1.68%. The ex-dividend date of this dividend was Tuesday, March 18th. Texas Roadhouse’s payout ratio is currently 42.04%.

Insider Transactions at Texas Roadhouse

In other Texas Roadhouse news, President Regina A. Tobin sold 3,154 shares of the business’s stock in a transaction that occurred on Wednesday, March 5th. The stock was sold at an average price of $185.64, for a total value of $585,508.56. Following the sale, the president now owns 18,414 shares in the company, valued at approximately $3,418,374.96. The trade was a 14.62 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 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 transaction of $105,525.20. Following the transaction, the insider now directly owns 12,000 shares of the company’s stock, valued at $2,183,280. This represents a 4.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 16,535 shares of company stock valued at $2,952,507 over the last three months. Company insiders own 0.50% of the company’s stock.

Hedge Funds Weigh In On Texas Roadhouse

A number of large investors have recently modified their holdings of TXRH. Vanguard Group Inc. raised its holdings in Texas Roadhouse by 1.2% during the fourth quarter. Vanguard Group Inc. now owns 6,540,615 shares of the restaurant operator’s stock worth $1,180,123,000 after acquiring an additional 76,051 shares in the last quarter. Invesco Ltd. raised its stake in shares of Texas Roadhouse by 5.9% during the 4th quarter. Invesco Ltd. now owns 2,479,323 shares of the restaurant operator’s stock worth $447,344,000 after purchasing an additional 138,675 shares in the last quarter. FMR LLC boosted its holdings in shares of Texas Roadhouse by 44.8% in the 4th quarter. FMR LLC now owns 1,300,987 shares of the restaurant operator’s stock valued at $234,737,000 after buying an additional 402,465 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Texas Roadhouse by 0.5% in the fourth quarter. Geode Capital Management LLC now owns 1,207,645 shares of the restaurant operator’s stock valued at $217,959,000 after buying an additional 6,004 shares in the last quarter. Finally, Barclays PLC grew its stake in shares of Texas Roadhouse by 14.4% in the third quarter. Barclays PLC now owns 1,180,842 shares of the restaurant operator’s stock valued at $208,539,000 after buying an additional 148,462 shares in the last quarter. 94.82% of the stock is currently owned by institutional investors and hedge funds.

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.