Truist Financial Cuts Texas Roadhouse (NASDAQ:TXRH) Price Target to $205.00

Texas Roadhouse (NASDAQ:TXRHFree Report) had its price target decreased by Truist Financial from $209.00 to $205.00 in a research report released on Friday morning,Benzinga reports. Truist Financial currently has a buy rating on the restaurant operator’s stock.

Other research analysts have also issued research reports about the stock. Morgan Stanley raised shares of Texas Roadhouse from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $205.00 to $213.00 in a research report on Tuesday, January 21st. Robert W. Baird upped their price objective on Texas Roadhouse from $190.00 to $205.00 and gave the company an “outperform” rating in a research note on Friday, October 25th. UBS Group raised their target price on Texas Roadhouse from $200.00 to $210.00 and gave the stock a “buy” rating in a research report on Friday, October 25th. BMO Capital Markets upped their price target on Texas Roadhouse from $155.00 to $162.00 and gave the company a “market perform” rating in a research report on Friday, October 25th. Finally, Loop Capital dropped 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. Eleven equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $192.50.

Check Out Our Latest Stock Report on TXRH

Texas Roadhouse Trading Down 1.4 %

TXRH opened at $169.13 on Friday. The stock’s 50 day simple moving average is $179.58 and its 200-day simple moving average is $180.02. The stock 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 1 year low of $146.51 and a 1 year high of $206.04.

Texas Roadhouse (NASDAQ:TXRHGet Free Report) last announced its quarterly earnings results on Thursday, February 20th. The restaurant operator reported $1.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.66 by $0.07. Texas Roadhouse had a net margin of 8.07% and a return on equity of 34.02%. The firm had revenue of $1.44 billion for the quarter, compared to analyst estimates of $1.41 billion. Equities analysts forecast that Texas Roadhouse will post 7.23 earnings per share 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. Investors of record on Tuesday, March 18th will be given a $0.68 dividend. This represents a $2.72 dividend on an annualized basis and a dividend yield of 1.61%. This is an increase from Texas Roadhouse’s previous quarterly dividend of $0.61. The ex-dividend date is Tuesday, March 18th. Texas Roadhouse’s dividend payout ratio (DPR) is currently 37.71%.

Insider Buying and Selling

In related news, insider Christopher C. Colson sold 1,370 shares of the firm’s 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 sale, the insider now owns 10,000 shares of the company’s stock, valued at approximately $1,794,600. This trade represents a 12.05 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 0.50% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Hantz Financial Services Inc. lifted its holdings in shares of Texas Roadhouse by 8,594.4% during the 3rd quarter. Hantz Financial Services Inc. now owns 3,130 shares of the restaurant operator’s stock valued at $553,000 after purchasing an additional 3,094 shares in the last quarter. Massachusetts Financial Services Co. MA bought a new position in Texas Roadhouse in the third quarter valued at approximately $17,853,000. Victory Capital Management Inc. lifted its stake in Texas Roadhouse by 194.9% in the third 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. First Hawaiian Bank acquired a new position in shares of Texas Roadhouse in the fourth quarter valued at approximately $1,554,000. Finally, Thrivent Financial for Lutherans increased 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 worth $85,306,000 after acquiring an additional 4,391 shares in the last quarter. 94.82% of the stock is owned by institutional investors and hedge funds.

Texas Roadhouse Company Profile

(Get Free Report)

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.

Further Reading

Analyst Recommendations for Texas Roadhouse (NASDAQ:TXRH)

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