Royal Bank Of Canada Cuts Texas Roadhouse (NASDAQ:TXRH) Price Target to $175.00

Texas Roadhouse (NASDAQ:TXRH) had its price objective decreased by Royal Bank Of Canada from $185.00 to $175.00 in a research note released on Friday morning,Benzinga reports. Royal Bank Of Canada currently has a sector perform rating on the restaurant operator’s stock.

A number of other equities research analysts have also issued reports on the company. Stifel Nicolaus increased their price target on Texas Roadhouse from $180.00 to $188.00 and gave the stock a “hold” rating in a research note on Friday, July 25th. Morgan Stanley reaffirmed an “overweight” rating and set a $210.00 price objective on shares of Texas Roadhouse in a research note on Tuesday, October 21st. Bank of America lifted their price target on shares of Texas Roadhouse from $203.00 to $219.00 and gave the stock a “buy” rating in a research note on Friday, July 18th. Truist Financial dropped their target price on shares of Texas Roadhouse from $210.00 to $195.00 and set a “buy” rating on the stock in a report on Friday. Finally, Mizuho upgraded shares of Texas Roadhouse to a “strong-buy” rating in a report on Tuesday, October 28th. Two investment analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $193.21.

Texas Roadhouse Trading Up 2.7%

TXRH opened at $165.03 on Friday. The stock has a fifty day simple moving average of $167.61 and a two-hundred day simple moving average of $178.06. Texas Roadhouse has a 12-month low of $148.73 and a 12-month high of $206.04. The company has a market cap of $10.97 billion, a price-to-earnings ratio of 25.20, a price-to-earnings-growth ratio of 2.50 and a beta of 0.87.

Texas Roadhouse (NASDAQ:TXRH) last released its quarterly earnings data on Thursday, November 6th. The restaurant operator reported $1.25 earnings per share for the quarter, missing analysts’ consensus estimates of $1.28 by ($0.03). Texas Roadhouse had a net margin of 7.72% and a return on equity of 31.52%. The firm had revenue of $1.44 billion for the quarter, compared to the consensus estimate of $1.43 billion. During the same quarter in the prior year, the business posted $1.26 earnings per share. The firm’s revenue for the quarter was up 12.8% compared to the same quarter last year. On average, analysts predict that Texas Roadhouse will post 7.23 EPS for the current year.

Texas Roadhouse Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 30th. Stockholders of record on Tuesday, December 2nd will be issued a dividend of $0.68 per share. The ex-dividend date is Tuesday, December 2nd. This represents a $2.72 annualized dividend and a dividend yield of 1.6%. Texas Roadhouse’s dividend payout ratio is 41.59%.

Insiders Place Their Bets

In other Texas Roadhouse news, CTO Hernan E. Mujica sold 2,189 shares of the business’s stock in a transaction that occurred on Thursday, August 21st. The shares were sold at an average price of $172.40, for a total transaction of $377,383.60. Following the sale, the chief technology officer owned 17,553 shares of the company’s stock, valued at approximately $3,026,137.20. The trade was a 11.09% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, President Regina A. Tobin sold 3,153 shares of the firm’s stock in a transaction on Monday, August 18th. The stock was sold at an average price of $173.53, for a total transaction of $547,140.09. Following the completion of the transaction, the president directly owned 15,261 shares of the company’s stock, valued at approximately $2,648,241.33. This represents a 17.12% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 8,342 shares of company stock valued at $1,443,704. Insiders own 0.50% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Axiom Investors LLC DE increased its position in shares of Texas Roadhouse by 3,696.7% in the first quarter. Axiom Investors LLC DE now owns 2,173,807 shares of the restaurant operator’s stock valued at $362,221,000 after buying an additional 2,116,552 shares in the last quarter. Roundview Capital LLC purchased a new position in Texas Roadhouse during the second quarter worth approximately $1,482,000. NorthRock Partners LLC acquired a new stake in Texas Roadhouse during the second quarter worth about $276,000. Night Squared LP purchased a new stake in shares of Texas Roadhouse during the 1st quarter valued at approximately $6,461,000. Finally, Callan Family Office LLC lifted its stake in shares of Texas Roadhouse by 195.4% in the 2nd quarter. Callan Family Office LLC now owns 7,662 shares of the restaurant operator’s stock valued at $1,436,000 after purchasing an additional 5,068 shares during the last quarter. Hedge funds and other institutional investors 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.