Texas Roadhouse (NASDAQ:TXRH) Given New $172.00 Price Target at Stifel Nicolaus

Texas Roadhouse (NASDAQ:TXRH) had its price target cut by Stifel Nicolaus from $185.00 to $172.00 in a research report report published on Friday,Benzinga reports. They currently have a hold rating on the restaurant operator’s stock.

Several other research analysts also recently commented on TXRH. Royal Bank of Canada reiterated a “sector perform” rating and issued a $200.00 price objective on shares of Texas Roadhouse in a report on Thursday, January 16th. BMO Capital Markets lifted their price target on Texas Roadhouse from $155.00 to $162.00 and gave the stock a “market perform” rating in a research note on Friday, October 25th. The Goldman Sachs Group started coverage on Texas Roadhouse in a research note on Thursday, December 5th. They set a “neutral” rating and a $213.00 price objective for the company. UBS Group lifted their target price on shares of Texas Roadhouse from $200.00 to $210.00 and gave the stock a “buy” rating in a research note on Friday, October 25th. Finally, Robert W. Baird upped their price target on shares of Texas Roadhouse from $190.00 to $205.00 and gave the company an “outperform” rating in a report on Friday, October 25th. Eleven equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat, Texas Roadhouse currently has an average rating of “Moderate Buy” and an average price target of $192.50.

Texas Roadhouse Stock Performance

TXRH stock opened at $169.13 on Friday. The company has a market capitalization of $11.28 billion, a PE ratio of 26.14, a price-to-earnings-growth ratio of 1.23 and a beta of 1.02. Texas Roadhouse has a one year low of $146.51 and a one year high of $206.04. The company’s 50 day moving average price is $179.58 and its two-hundred day moving average price is $180.02.

Texas Roadhouse (NASDAQ:TXRH) last released its earnings results on Thursday, February 20th. The restaurant operator reported $1.73 EPS for the quarter, beating the consensus estimate of $1.66 by $0.07. The company had revenue of $1.44 billion for the quarter, compared to analyst estimates of $1.41 billion. Texas Roadhouse had a net margin of 8.07% and a return on equity of 34.02%. On average, research analysts predict that Texas Roadhouse will post 7.23 EPS for the current year.

Texas Roadhouse Increases Dividend

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

Insider Buying and Selling at Texas Roadhouse

In other Texas Roadhouse news, insider Christopher C. Colson sold 1,370 shares of the company’s stock in a transaction dated Friday, January 10th. The shares were 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. This represents a 12.05 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.50% of the company’s stock.

Hedge Funds Weigh In On Texas Roadhouse

Several large investors have recently made changes to their positions in TXRH. True Wealth Design LLC purchased a new stake in shares of Texas Roadhouse in the 3rd quarter worth approximately $30,000. Mirae Asset Global Investments Co. Ltd. bought a new stake in Texas Roadhouse in the fourth quarter worth $30,000. PSI Advisors LLC grew its stake 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 worth $32,000 after acquiring an additional 75 shares during the last quarter. Coppell Advisory Solutions LLC increased its holdings in shares of Texas Roadhouse by 56.8% during the fourth quarter. Coppell Advisory Solutions LLC now owns 196 shares of the restaurant operator’s stock valued at $35,000 after acquiring an additional 71 shares in the last quarter. Finally, SBI Securities Co. Ltd. purchased a new position in shares of Texas Roadhouse in the 4th quarter worth about $36,000. 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.