UBS Group Cuts Texas Roadhouse (NASDAQ:TXRH) Price Target to $200.00

Texas Roadhouse (NASDAQ:TXRH) had its price target decreased by UBS Group from $210.00 to $200.00 in a report published on Monday, MarketBeat Ratings reports. UBS Group currently has a buy rating on the restaurant operator’s stock.

A number of other research firms also recently weighed in on TXRH. Wedbush increased their target price on Texas Roadhouse from $200.00 to $210.00 and gave the company an “outperform” rating in a report on Friday, March 28th. Stifel Nicolaus lowered their price objective on shares of Texas Roadhouse from $172.00 to $170.00 and set a “hold” rating on the stock in a research note on Tuesday, April 15th. Royal Bank of Canada cut their target price on shares of Texas Roadhouse from $200.00 to $180.00 and set a “sector perform” rating for the company in a research report on Friday, February 21st. Barclays increased their price target on shares of Texas Roadhouse from $178.00 to $179.00 and gave the stock an “equal weight” rating in a research report on Tuesday, April 22nd. Finally, Morgan Stanley raised shares of Texas Roadhouse from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $205.00 to $213.00 in a research report on Tuesday, January 21st. Ten research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $191.81.

Texas Roadhouse Price Performance

Shares of NASDAQ TXRH opened at $171.37 on Monday. The stock has a market cap of $11.39 billion, a P/E ratio of 26.49, a price-to-earnings-growth ratio of 1.23 and a beta of 0.87. 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 $168.50 and a 200 day moving average of $179.45.

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 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 firm had revenue of $1.44 billion during the quarter, compared to analyst estimates of $1.41 billion. Research analysts expect that Texas Roadhouse will post 7.23 earnings per share for the current fiscal year.

Texas Roadhouse Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Tuesday, March 18th were paid 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 dividend yield of 1.59%. The ex-dividend date was Tuesday, March 18th. Texas Roadhouse’s payout ratio is currently 42.04%.

Insider Activity

In other news, President Regina A. Tobin sold 3,154 shares of the stock in a transaction that occurred on Wednesday, March 5th. The shares were sold at an average price of $185.64, for a total value of $585,508.56. Following the completion of the sale, the president now owns 18,414 shares of the company’s stock, valued at $3,418,374.96. This represents a 14.62 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Curtis Warfield sold 4,190 shares of the firm’s stock in a transaction dated Thursday, February 27th. The stock was sold at an average price of $178.80, for a total value of $749,172.00. Following the sale, the director now directly owns 10,082 shares of the company’s stock, valued at $1,802,661.60. The trade was a 29.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 16,535 shares of company stock worth $2,952,507 over the last three months. 0.50% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Mirae Asset Global Investments Co. Ltd. acquired a new position in Texas Roadhouse during the 4th quarter worth about $30,000. Bogart Wealth LLC purchased a new stake in Texas Roadhouse during the 1st quarter worth approximately $33,000. Coppell Advisory Solutions LLC lifted its holdings in 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 buying an additional 71 shares in the last quarter. SBI Securities Co. Ltd. acquired a new stake in Texas Roadhouse during the 4th quarter worth approximately $36,000. Finally, MassMutual Private Wealth & Trust FSB boosted its position in Texas Roadhouse by 32.2% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 267 shares of the restaurant operator’s stock valued at $48,000 after buying an additional 65 shares during the period. 94.82% of the stock is currently owned by hedge funds and other 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.