Texas Roadhouse (NASDAQ:TXRH) Given New $170.00 Price Target at Stifel Nicolaus

Texas Roadhouse (NASDAQ:TXRH - Free Report) had its price objective lowered by Stifel Nicolaus from $172.00 to $170.00 in a research note issued to investors on Tuesday morning, MarketBeat.com reports. Stifel Nicolaus currently has a hold rating on the restaurant operator's stock.

A number of other brokerages have also issued reports on TXRH. Morgan Stanley raised Texas Roadhouse from an "equal weight" rating to an "overweight" rating and upped their target price for the company from $205.00 to $213.00 in a research report on Tuesday, January 21st. Wedbush increased their price objective on shares of Texas Roadhouse from $200.00 to $210.00 and gave the company an "outperform" rating in a research note on Friday, March 28th. Citigroup raised their price objective on shares of Texas Roadhouse from $212.00 to $213.00 and gave the stock a "buy" rating in a report on Friday, February 21st. JPMorgan Chase & Co. reduced their price target on shares of Texas Roadhouse from $185.00 to $184.00 and set a "neutral" rating on the stock in a research report on Thursday, March 20th. Finally, Truist Financial lowered their price objective on Texas Roadhouse from $209.00 to $205.00 and set a "buy" rating for the company in a report on Friday, February 21st. Nine investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $194.81.

Texas Roadhouse Trading Up 0.9 %

NASDAQ:TXRH traded up $1.38 during trading hours on Tuesday, hitting $161.89. The stock had a trading volume of 1,117,803 shares, compared to its average volume of 874,272. The company has a market cap of $10.76 billion, a PE ratio of 25.02, a price-to-earnings-growth ratio of 1.23 and a beta of 0.88. The business has a 50 day simple moving average of $170.53 and a two-hundred day simple moving average of $180.55. Texas Roadhouse has a 1-year low of $148.73 and a 1-year high of $206.04.

Texas Roadhouse (NASDAQ:TXRH - Get Free Report) last announced its earnings results on Thursday, February 20th. The restaurant operator reported $1.73 earnings per share for the quarter, beating the consensus estimate of $1.66 by $0.07. Texas Roadhouse had a return on equity of 34.02% and a net margin of 8.07%. The company had revenue of $1.44 billion during the quarter, compared to the consensus estimate of $1.41 billion. Research analysts expect that Texas Roadhouse will post 7.23 EPS for the current fiscal year.

Texas Roadhouse Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Tuesday, March 18th were issued a $0.68 dividend. This represents a $2.72 dividend on an annualized basis and a dividend yield of 1.68%. This is a boost from Texas Roadhouse's previous quarterly dividend of $0.61. The ex-dividend date of this dividend was Tuesday, March 18th. Texas Roadhouse's payout ratio is presently 42.04%.

Insider Activity at Texas Roadhouse

In related news, Director Curtis Warfield sold 4,190 shares of the company's stock in a transaction that occurred on Thursday, February 27th. The shares were sold at an average price of $178.80, for a total value of $749,172.00. Following the completion of the sale, the director now owns 10,082 shares in the company, valued at approximately $1,802,661.60. This represents a 29.36 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, President Regina A. Tobin sold 3,154 shares of Texas Roadhouse stock in a transaction that occurred on Wednesday, March 5th. The stock was sold at an average price of $185.64, for a total transaction of $585,508.56. Following the transaction, the president now owns 18,414 shares in the company, valued at approximately $3,418,374.96. The trade was a 14.62 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 16,535 shares of company stock worth $2,952,507 in the last quarter. 0.50% of the stock is owned by company insiders.

Institutional Trading of Texas Roadhouse

A number of hedge funds have recently modified their holdings of the business. Vanguard Group Inc. boosted its position in Texas Roadhouse by 1.2% during the 4th quarter. Vanguard Group Inc. now owns 6,540,615 shares of the restaurant operator's stock worth $1,180,123,000 after acquiring an additional 76,051 shares during the period. Invesco Ltd. lifted its position in shares of Texas Roadhouse by 5.9% in the fourth quarter. Invesco Ltd. now owns 2,479,323 shares of the restaurant operator's stock worth $447,344,000 after purchasing an additional 138,675 shares in the last quarter. FMR LLC boosted its holdings in shares of Texas Roadhouse by 44.8% during the fourth quarter. FMR LLC now owns 1,300,987 shares of the restaurant operator's stock worth $234,737,000 after purchasing an additional 402,465 shares during the period. Geode Capital Management LLC lifted its position in Texas Roadhouse by 0.5% in the 4th quarter. Geode Capital Management LLC now owns 1,207,645 shares of the restaurant operator's stock worth $217,959,000 after buying an additional 6,004 shares in the last quarter. Finally, Barclays PLC boosted its stake in shares of Texas Roadhouse by 14.4% during the 3rd quarter. Barclays PLC now owns 1,180,842 shares of the restaurant operator's stock valued at $208,539,000 after buying an additional 148,462 shares during the period. Hedge funds and other institutional investors own 94.82% of the company's stock.

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.