Texas Roadhouse (NASDAQ:TXRH) Price Target Cut to $200.00 by Analysts at Wedbush

Texas Roadhouse (NASDAQ:TXRH) had its target price reduced by Wedbush from $220.00 to $200.00 in a report issued on Friday morning,Benzinga reports. They currently have an outperform rating on the restaurant operator’s stock.

A number of other research analysts also recently commented on the stock. Loop Capital cut their target price on shares of Texas Roadhouse from $215.00 to $209.00 and set a “buy” rating on the stock in a research report on Monday, October 28th. UBS Group lifted their price objective on shares of Texas Roadhouse from $200.00 to $210.00 and gave the company a “buy” rating in a report on Friday, October 25th. Stifel Nicolaus lowered their target price on Texas Roadhouse from $195.00 to $185.00 and set a “hold” rating for the company in a report on Friday, February 14th. Barclays increased their target price 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. Finally, Truist Financial boosted their price target on Texas Roadhouse from $207.00 to $209.00 and gave the stock a “buy” rating in a research report on Wednesday, January 8th. Eleven equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $192.50.

Texas Roadhouse Stock Down 1.4 %

Shares of NASDAQ:TXRH opened at $169.13 on Friday. The business’s 50 day moving average is $179.58 and its 200 day moving average is $180.02. The stock has a market cap of $11.28 billion, a P/E ratio of 26.14, a price-to-earnings-growth ratio of 1.23 and a beta of 1.02. Texas Roadhouse has a 52-week low of $146.51 and a 52-week high of $206.04.

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 analysts’ consensus estimates of $1.66 by $0.07. The business had revenue of $1.44 billion for the quarter, compared to the consensus estimate of $1.41 billion. Texas Roadhouse had a return on equity of 34.02% and a net margin of 8.07%. On average, sell-side analysts anticipate that Texas Roadhouse will post 7.23 EPS for the current fiscal year.

Texas Roadhouse Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Tuesday, March 18th will be paid a dividend of $0.68 per share. This represents a $2.72 annualized dividend and a yield of 1.61%. The ex-dividend date of this dividend is Tuesday, March 18th. This is an increase from Texas Roadhouse’s previous quarterly dividend of $0.61. Texas Roadhouse’s payout ratio is presently 37.71%.

Insider Activity

In other Texas Roadhouse news, insider Christopher C. Colson sold 1,370 shares of Texas Roadhouse stock in a transaction that occurred on Friday, January 10th. The shares were sold at an average price of $179.46, for a total transaction of $245,860.20. Following the completion of the sale, the insider now directly owns 10,000 shares in the company, valued at approximately $1,794,600. The trade was a 12.05 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.50% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the business. Creative Planning grew its position in Texas Roadhouse by 81.9% during the 3rd quarter. Creative Planning now owns 17,389 shares of the restaurant operator’s stock worth $3,071,000 after purchasing an additional 7,827 shares during the period. Blue Trust Inc. boosted its stake in shares of Texas Roadhouse by 209.9% in the third quarter. Blue Trust Inc. now owns 471 shares of the restaurant operator’s stock worth $81,000 after buying an additional 319 shares during the last quarter. Signaturefd LLC grew its holdings in Texas Roadhouse by 6.7% during the third quarter. Signaturefd LLC now owns 2,010 shares of the restaurant operator’s stock worth $355,000 after acquiring an additional 127 shares during the period. Lecap Asset Management Ltd. purchased a new position in Texas Roadhouse during the third quarter valued at approximately $810,000. Finally, International Assets Investment Management LLC lifted its holdings in Texas Roadhouse by 17,559.6% in the third quarter. International Assets Investment Management LLC now owns 20,132 shares of the restaurant operator’s stock valued at $3,555,000 after acquiring an additional 20,018 shares during the period. 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.