Texas Roadhouse (NASDAQ:TXRH) Price Target Cut to $180.00 by Analysts at Stephens

Texas Roadhouse (NASDAQ:TXRH) had its target price reduced by Stephens from $186.00 to $180.00 in a research report released on Friday,Benzinga reports. They currently have an equal weight rating on the restaurant operator’s stock.

Other research analysts also recently issued reports about the company. Wedbush cut their price target on Texas Roadhouse from $220.00 to $200.00 and set an “outperform” rating on the stock in a report on Friday. Citigroup boosted their target price on shares of Texas Roadhouse from $212.00 to $213.00 and gave the stock a “buy” rating in a report on Friday. Loop Capital decreased their price target on shares of Texas Roadhouse from $215.00 to $209.00 and set a “buy” rating for the company in a research report on Monday, October 28th. BMO Capital Markets lifted their price objective on shares of Texas Roadhouse from $155.00 to $162.00 and gave the stock a “market perform” rating in a research report on Friday, October 25th. Finally, Robert W. Baird boosted their price objective on shares of Texas Roadhouse from $190.00 to $205.00 and gave the stock an “outperform” rating in a research note on Friday, October 25th. Eleven research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $192.50.

Texas Roadhouse Price Performance

Shares of Texas Roadhouse stock opened at $169.13 on Friday. Texas Roadhouse has a 1 year low of $146.51 and a 1 year 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. The firm’s 50-day moving average is $179.58 and its two-hundred day moving average is $180.02.

Texas Roadhouse (NASDAQ:TXRH) last released its quarterly earnings data on Thursday, February 20th. The restaurant operator reported $1.73 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.66 by $0.07. The firm had revenue of $1.44 billion for the quarter, compared to the consensus estimate of $1.41 billion. Texas Roadhouse had a net margin of 8.07% and a return on equity of 34.02%. On average, equities analysts expect that Texas Roadhouse will post 7.23 earnings per share for the current year.

Texas Roadhouse Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Tuesday, March 18th will be paid a $0.68 dividend. The ex-dividend date is Tuesday, March 18th. This represents a $2.72 dividend on an annualized basis and a dividend yield of 1.61%. This is a positive change from Texas Roadhouse’s previous quarterly dividend of $0.61. Texas Roadhouse’s dividend payout ratio is presently 37.71%.

Insider Buying and Selling

In other Texas Roadhouse news, insider Christopher C. Colson sold 1,370 shares of the company’s stock in a transaction on Friday, January 10th. The shares were sold at an average price of $179.46, for a total value of $245,860.20. Following the sale, the insider now directly owns 10,000 shares of the company’s stock, valued at approximately $1,794,600. This represents a 12.05 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.50% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Texas Roadhouse

Several institutional investors and hedge funds have recently modified their holdings of the stock. Ascent Group LLC grew its holdings in Texas Roadhouse by 22.7% during the fourth quarter. Ascent Group LLC now owns 8,624 shares of the restaurant operator’s stock worth $1,556,000 after acquiring an additional 1,596 shares during the period. PharVision Advisers LLC acquired a new stake in shares of Texas Roadhouse during the 4th quarter worth approximately $259,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of Texas Roadhouse by 16.4% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 163,800 shares of the restaurant operator’s stock valued at $29,554,000 after purchasing an additional 23,093 shares in the last quarter. Worldquant Millennium Advisors LLC purchased a new position in shares of Texas Roadhouse during the 4th quarter valued at approximately $381,000. Finally, Woodline Partners LP lifted its stake in shares of Texas Roadhouse by 8.5% in the 4th quarter. Woodline Partners LP now owns 79,612 shares of the restaurant operator’s stock valued at $14,364,000 after purchasing an additional 6,266 shares during the period. Institutional investors and hedge funds 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.