Texas Roadhouse (NASDAQ:TXRH) Price Target Raised to $209.00

Texas Roadhouse (NASDAQ:TXRH) had its price objective raised by Truist Financial from $207.00 to $209.00 in a research note issued to investors on Wednesday,Benzinga reports. They currently have a buy rating on the restaurant operator’s stock.

Several other research firms have also recently commented on TXRH. Loop Capital decreased their price target on shares of Texas Roadhouse from $215.00 to $209.00 and set a “buy” rating on the stock in a research note on Monday, October 28th. Barclays increased their price objective on Texas Roadhouse from $160.00 to $175.00 and gave the company an “equal weight” rating in a research report on Friday, October 25th. Morgan Stanley upped their price target on Texas Roadhouse from $200.00 to $205.00 and gave the company an “equal weight” rating in a research note on Friday, October 25th. Wedbush reiterated an “outperform” rating and issued a $200.00 price target on shares of Texas Roadhouse in a report on Thursday, December 19th. Finally, BMO Capital Markets boosted their price objective on Texas Roadhouse from $155.00 to $162.00 and gave the stock a “market perform” rating in a report on Friday, October 25th. Fourteen investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat, Texas Roadhouse currently has a consensus rating of “Hold” and an average target price of $190.26.

Texas Roadhouse Stock Performance

Shares of TXRH opened at $178.12 on Wednesday. The company has a market cap of $11.88 billion, a price-to-earnings ratio of 30.60, a PEG ratio of 1.59 and a beta of 1.01. The stock has a fifty day moving average price of $190.48 and a two-hundred day moving average price of $178.50. Texas Roadhouse has a 52-week low of $115.48 and a 52-week high of $206.04.

Texas Roadhouse (NASDAQ:TXRH) last released its quarterly earnings results on Thursday, October 24th. The restaurant operator reported $1.26 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.32 by ($0.06). Texas Roadhouse had a net margin of 7.65% and a return on equity of 31.33%. The business had revenue of $1.27 billion during the quarter, compared to the consensus estimate of $1.27 billion. During the same period in the prior year, the firm earned $0.95 earnings per share. The business’s quarterly revenue was up 13.5% compared to the same quarter last year. As a group, research analysts predict that Texas Roadhouse will post 6.39 EPS for the current fiscal year.

Texas Roadhouse Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 10th were issued a dividend of $0.61 per share. The ex-dividend date was Tuesday, December 10th. This represents a $2.44 annualized dividend and a yield of 1.37%. Texas Roadhouse’s dividend payout ratio (DPR) is currently 41.92%.

Insider Buying and Selling at Texas Roadhouse

In other Texas Roadhouse news, insider Christopher C. Colson sold 1,370 shares of the business’s stock in a transaction that occurred on Friday, January 10th. The stock was sold at an average price of $179.46, for a total value of $245,860.20. Following the sale, the insider now owns 10,000 shares in the company, valued at approximately $1,794,600. The trade was a 12.05 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Donna E. Epps sold 610 shares of the company’s stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $195.66, for a total value of $119,352.60. Following the transaction, the director now directly owns 3,532 shares of the company’s stock, valued at approximately $691,071.12. This trade represents a 14.73 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 3,480 shares of company stock valued at $668,603. 0.50% of the stock is currently owned by corporate insiders.

Institutional Trading of Texas Roadhouse

Institutional investors have recently made changes to their positions in the business. Hollencrest Capital Management acquired a new stake in Texas Roadhouse in the 2nd quarter valued at $25,000. True Wealth Design LLC bought a new position in shares of Texas Roadhouse in the 3rd quarter valued at about $30,000. PSI Advisors LLC increased its position in shares of Texas Roadhouse by 70.8% in the third quarter. PSI Advisors LLC now owns 181 shares of the restaurant operator’s stock valued at $32,000 after acquiring an additional 75 shares during the last quarter. UMB Bank n.a. raised its holdings in Texas Roadhouse by 118.6% during the third quarter. UMB Bank n.a. now owns 258 shares of the restaurant operator’s stock worth $46,000 after acquiring an additional 140 shares in the last quarter. Finally, Ashton Thomas Private Wealth LLC acquired a new position in Texas Roadhouse during the second quarter valued at approximately $47,000. 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.