Texas Roadhouse (NASDAQ:TXRH) Given New $175.00 Price Target at Royal Bank Of Canada

Texas Roadhouse (NASDAQ:TXRH) had its price objective trimmed by Royal Bank Of Canada from $185.00 to $175.00 in a research report released on Friday morning,Benzinga reports. The firm currently has a sector perform rating on the restaurant operator’s stock.

A number of other research firms have also recently weighed in on TXRH. JPMorgan Chase & Co. reduced their price objective on shares of Texas Roadhouse from $200.00 to $182.00 and set a “neutral” rating for the company in a research report on Tuesday, October 7th. Morgan Stanley reaffirmed an “overweight” rating and issued a $210.00 price target on shares of Texas Roadhouse in a research note on Tuesday, October 21st. Stifel Nicolaus boosted their price objective on Texas Roadhouse from $180.00 to $188.00 and gave the stock a “hold” rating in a research note on Friday, July 25th. Zacks Research cut Texas Roadhouse from a “hold” rating to a “strong sell” rating in a report on Wednesday, October 22nd. Finally, Evercore ISI downgraded Texas Roadhouse from an “outperform” rating to an “in-line” rating and set a $190.00 target price on the stock. in a research report on Thursday, September 4th. Two investment analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $193.21.

Texas Roadhouse Stock Performance

Shares of Texas Roadhouse stock traded up $4.30 on Friday, hitting $165.03. The company’s stock had a trading volume of 2,595,760 shares, compared to its average volume of 1,129,258. The company has a market capitalization of $10.97 billion, a price-to-earnings ratio of 25.20, a price-to-earnings-growth ratio of 2.50 and a beta of 0.87. Texas Roadhouse has a 1 year low of $148.73 and a 1 year high of $206.04. The firm has a fifty day moving average price of $167.61 and a 200-day moving average price of $177.86.

Texas Roadhouse (NASDAQ:TXRH) last issued its quarterly earnings data on Thursday, November 6th. The restaurant operator reported $1.25 EPS for the quarter, missing the consensus estimate of $1.28 by ($0.03). The business had revenue of $1.44 billion during the quarter, compared to analyst estimates of $1.43 billion. Texas Roadhouse had a net margin of 7.72% and a return on equity of 31.52%. The firm’s revenue for the quarter was up 12.8% on a year-over-year basis. During the same period in the previous year, the business posted $1.26 earnings per share. As a group, analysts forecast that Texas Roadhouse will post 7.23 EPS for the current year.

Texas Roadhouse Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 30th. Shareholders of record on Tuesday, December 2nd will be given a $0.68 dividend. This represents a $2.72 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date is Tuesday, December 2nd. Texas Roadhouse’s payout ratio is currently 41.59%.

Insider Activity at Texas Roadhouse

In other news, President Regina A. Tobin sold 3,153 shares of the company’s stock in a transaction on Monday, August 18th. The shares were sold at an average price of $173.53, for a total transaction of $547,140.09. Following the completion of the transaction, the president directly owned 15,261 shares in the company, valued at approximately $2,648,241.33. This represents a 17.12% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Gregory N. Moore sold 3,000 shares of the firm’s stock in a transaction on Monday, August 18th. The shares were sold at an average price of $173.06, for a total value of $519,180.00. Following the sale, the director directly owned 34,550 shares in the company, valued at approximately $5,979,223. This trade represents a 7.99% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 8,342 shares of company stock valued at $1,443,704. 0.50% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Caldwell Trust Co bought a new position in shares of Texas Roadhouse during the second quarter worth about $28,000. Brooklyn Investment Group lifted its position in shares of Texas Roadhouse by 478.6% in the 1st quarter. Brooklyn Investment Group now owns 162 shares of the restaurant operator’s stock worth $27,000 after purchasing an additional 134 shares during the period. Bogart Wealth LLC bought a new stake in shares of Texas Roadhouse in the 1st quarter valued at $33,000. Root Financial Partners LLC bought a new position in Texas Roadhouse during the third quarter worth $36,000. Finally, Ameritas Advisory Services LLC bought a new position in Texas Roadhouse during the second quarter worth $53,000. 94.82% of the stock is owned by institutional investors and hedge funds.

About Texas Roadhouse

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.