Texas Roadhouse (NASDAQ:TXRH) Given New $200.00 Price Target at Wedbush

Texas Roadhouse (NASDAQ:TXRH) had its price objective lowered by Wedbush from $220.00 to $200.00 in a research report sent to investors on Friday morning,Benzinga reports. The brokerage currently has an outperform rating on the restaurant operator’s stock.

Other equities analysts have also recently issued reports about the stock. Truist Financial upped their price objective on shares of Texas Roadhouse from $207.00 to $209.00 and gave the stock a “buy” rating in a research report on Wednesday, January 8th. Royal Bank of Canada restated a “sector perform” rating and set a $200.00 price target on shares of Texas Roadhouse in a research report on Thursday, January 16th. Gordon Haskett cut Texas Roadhouse from a “buy” rating to a “hold” rating and set a $192.00 price objective on the stock. in a report on Wednesday, January 8th. Loop Capital cut their price objective on Texas Roadhouse from $215.00 to $209.00 and set a “buy” rating for the company in a research note on Monday, October 28th. Finally, The Goldman Sachs Group initiated coverage on Texas Roadhouse in a research report on Thursday, December 5th. They issued a “neutral” rating and a $213.00 target price on the stock. Eleven research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Texas Roadhouse has an average rating of “Moderate Buy” and an average price target of $192.50.

Texas Roadhouse Stock Down 1.4 %

Shares of Texas Roadhouse stock opened at $169.13 on Friday. The firm has a market cap of $11.28 billion, a PE ratio of 26.14, a P/E/G ratio of 1.23 and a beta of 1.02. Texas Roadhouse has a twelve month low of $146.51 and a twelve month high of $206.04. The business has a 50-day moving average price of $179.58 and a 200 day moving average price of $180.02.

Texas Roadhouse (NASDAQ:TXRH) last posted its quarterly earnings data on Thursday, February 20th. The restaurant operator reported $1.73 EPS for the quarter, beating analysts’ consensus estimates of $1.66 by $0.07. The business had revenue of $1.44 billion during the quarter, compared to analysts’ expectations 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 expect that Texas Roadhouse will post 7.23 EPS for the current year.

Texas Roadhouse Increases Dividend

The company also recently declared 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. This is a boost from Texas Roadhouse’s previous quarterly dividend of $0.61. The ex-dividend date is Tuesday, March 18th. This represents a $2.72 annualized dividend and a dividend yield of 1.61%. Texas Roadhouse’s dividend payout ratio is 37.71%.

Insider Transactions at Texas Roadhouse

In other news, insider Christopher C. Colson sold 1,370 shares of the stock in a transaction on Friday, January 10th. The stock was sold at an average price of $179.46, for a total transaction of $245,860.20. Following the completion of the transaction, the insider now directly owns 10,000 shares in the company, valued at approximately $1,794,600. This represents a 12.05 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.50% of the company’s stock.

Institutional Trading of Texas Roadhouse

Institutional investors and hedge funds have recently bought and sold shares of the stock. Kingsview Wealth Management LLC increased its position in shares of Texas Roadhouse by 3.1% during the third quarter. Kingsview Wealth Management LLC now owns 1,771 shares of the restaurant operator’s stock valued at $313,000 after acquiring an additional 54 shares during the last quarter. Cornerstone Investment Partners LLC boosted its position in shares of Texas Roadhouse by 2.7% during the 4th quarter. Cornerstone Investment Partners LLC now owns 2,159 shares of the restaurant operator’s stock worth $390,000 after purchasing an additional 56 shares during the period. Lifestyle Asset Management Inc. boosted its position in shares of Texas Roadhouse by 3.9% during the 4th quarter. Lifestyle Asset Management Inc. now owns 1,603 shares of the restaurant operator’s stock worth $289,000 after purchasing an additional 60 shares during the period. CIBC Asset Management Inc increased its holdings in Texas Roadhouse by 3.3% in the 3rd quarter. CIBC Asset Management Inc now owns 1,952 shares of the restaurant operator’s stock valued at $345,000 after purchasing an additional 62 shares during the last quarter. Finally, MassMutual Private Wealth & Trust FSB raised its position in Texas Roadhouse by 32.2% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 267 shares of the restaurant operator’s stock valued at $48,000 after purchasing 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.