Truist Financial Issues Positive Forecast for Texas Roadhouse (NASDAQ:TXRH) Stock Price

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

Several other brokerages have also issued reports on TXRH. Guggenheim lifted their target price on shares of Texas Roadhouse from $190.00 to $195.00 and gave the company a “buy” rating in a research report on Wednesday, September 25th. Barclays lifted their price objective on shares of Texas Roadhouse from $160.00 to $175.00 and gave the stock an “equal weight” rating in a report on Friday, October 25th. UBS Group increased their target price on Texas Roadhouse from $200.00 to $210.00 and gave the company a “buy” rating in a research note on Friday, October 25th. BMO Capital Markets increased their price objective on Texas Roadhouse from $155.00 to $162.00 and gave the company a “market perform” rating in a research note on Friday, October 25th. Finally, Royal Bank of Canada increased their price target on shares of Texas Roadhouse from $175.00 to $185.00 and gave the company a “sector perform” rating in a research report on Friday, October 25th. Fourteen analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $190.26.

Texas Roadhouse Stock Up 0.4 %

Shares of Texas Roadhouse stock opened at $182.05 on Wednesday. The company has a market cap of $12.15 billion, a PE ratio of 31.28, a price-to-earnings-growth ratio of 1.59 and a beta of 1.01. Texas Roadhouse has a 52 week low of $115.48 and a 52 week high of $206.04. The business has a 50 day moving average price of $190.85 and a 200-day moving average price of $178.42.

Texas Roadhouse (NASDAQ:TXRH) last issued its quarterly earnings data on Thursday, October 24th. The restaurant operator reported $1.26 earnings per share for the quarter, missing the consensus estimate of $1.32 by ($0.06). The company had revenue of $1.27 billion for the quarter, compared to the consensus estimate of $1.27 billion. Texas Roadhouse had a net margin of 7.65% and a return on equity of 31.33%. Texas Roadhouse’s revenue was up 13.5% on a year-over-year basis. During the same quarter last year, the business posted $0.95 earnings per share. As a group, research analysts anticipate that Texas Roadhouse will post 6.39 EPS for the current year.

Texas Roadhouse Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 10th were given a $0.61 dividend. This represents a $2.44 dividend on an annualized basis and a yield of 1.34%. The ex-dividend date was Tuesday, December 10th. Texas Roadhouse’s dividend payout ratio (DPR) is presently 41.92%.

Insider Buying and Selling at Texas Roadhouse

In other news, CTO Hernan E. Mujica sold 1,500 shares of the company’s stock in a transaction on Thursday, November 14th. The stock was sold at an average price of $202.26, for a total value of $303,390.00. Following the completion of the sale, the chief technology officer now directly owns 16,342 shares in the company, valued at $3,305,332.92. This represents a 8.41 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Donna E. Epps sold 610 shares of Texas Roadhouse stock in a transaction on Monday, November 11th. The shares were sold at an average price of $195.66, for a total value of $119,352.60. Following the transaction, the director now owns 3,532 shares in the company, valued at $691,071.12. This trade represents a 14.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.50% of the company’s stock.

Hedge Funds Weigh In On Texas Roadhouse

A number of hedge funds have recently modified their holdings of the company. Hantz Financial Services Inc. grew its position in shares of Texas Roadhouse by 8,594.4% during the third quarter. Hantz Financial Services Inc. now owns 3,130 shares of the restaurant operator’s stock worth $553,000 after purchasing an additional 3,094 shares in the last quarter. Massachusetts Financial Services Co. MA purchased a new stake in Texas Roadhouse during the 3rd quarter valued at approximately $17,853,000. Victory Capital Management Inc. grew its holdings in Texas Roadhouse by 194.9% during the 3rd quarter. Victory Capital Management Inc. now owns 67,733 shares of the restaurant operator’s stock valued at $11,962,000 after buying an additional 44,768 shares in the last quarter. Thrivent Financial for Lutherans raised its position in shares of Texas Roadhouse by 0.9% during the third quarter. Thrivent Financial for Lutherans now owns 483,045 shares of the restaurant operator’s stock valued at $85,306,000 after buying an additional 4,391 shares during the last quarter. Finally, Captrust Financial Advisors lifted its holdings in shares of Texas Roadhouse by 72.8% in the third quarter. Captrust Financial Advisors now owns 15,727 shares of the restaurant operator’s stock worth $2,777,000 after buying an additional 6,624 shares in the last quarter. 94.82% of the stock is currently owned by 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.