Texas Roadhouse (NASDAQ:TXRH) Given New $179.00 Price Target at Barclays

Texas Roadhouse (NASDAQ:TXRH) had its price target upped by Barclays from $178.00 to $179.00 in a research report report published on Tuesday,Benzinga reports. Barclays currently has an equal weight rating on the restaurant operator’s stock.

Several other analysts also recently weighed in on the company. Gordon Haskett downgraded Texas Roadhouse from a “buy” rating to a “hold” rating and set a $192.00 target price on the stock. in a research note on Wednesday, January 8th. Robert W. Baird set a $180.00 price objective on shares of Texas Roadhouse and gave the company an “outperform” rating in a research note on Monday, April 7th. Stifel Nicolaus decreased their target price on shares of Texas Roadhouse from $172.00 to $170.00 and set a “hold” rating for the company in a research report on Tuesday, April 15th. Truist Financial lowered their target price on shares of Texas Roadhouse from $209.00 to $205.00 and set a “buy” rating on the stock in a research note on Friday, February 21st. Finally, JPMorgan Chase & Co. reduced their price target on shares of Texas Roadhouse from $185.00 to $184.00 and set a “neutral” rating for the company in a research note on Thursday, March 20th. Nine equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $194.62.

Texas Roadhouse Stock Up 2.2 %

TXRH stock opened at $162.95 on Tuesday. The stock has a market cap of $10.83 billion, a PE ratio of 25.19, a price-to-earnings-growth ratio of 1.23 and a beta of 0.88. The firm’s 50-day simple moving average is $170.18 and its 200 day simple moving average is $180.33. Texas Roadhouse has a fifty-two week low of $148.73 and a fifty-two week high of $206.04.

Texas Roadhouse (NASDAQ:TXRH) last announced its quarterly 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%. Equities analysts forecast that Texas Roadhouse will post 7.23 EPS for the current fiscal year.

Texas Roadhouse Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Tuesday, March 18th were paid a $0.68 dividend. The ex-dividend date of this dividend was Tuesday, March 18th. This represents a $2.72 dividend on an annualized basis and a yield of 1.67%. This is a boost from Texas Roadhouse’s previous quarterly dividend of $0.61. Texas Roadhouse’s dividend payout ratio (DPR) is currently 42.04%.

Insider Buying and Selling at Texas Roadhouse

In other news, Director Curtis Warfield sold 4,190 shares of the business’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 transaction of $749,172.00. Following the sale, the director now owns 10,082 shares in the company, valued at $1,802,661.60. The trade was a 29.36 % decrease in their ownership of the stock. The transaction 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 the company’s stock in a transaction that occurred on Wednesday, March 5th. The shares were sold at an average price of $185.64, for a total transaction of $585,508.56. Following the completion of the sale, the president now owns 18,414 shares of the company’s stock, valued at approximately $3,418,374.96. This trade represents a 14.62 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 16,535 shares of company stock valued at $2,952,507. 0.50% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the business. KLP Kapitalforvaltning AS acquired a new stake in Texas Roadhouse during the 4th quarter worth about $2,959,000. Zions Bancorporation N.A. boosted its holdings in shares of Texas Roadhouse by 19.5% during the fourth quarter. Zions Bancorporation N.A. now owns 13,152 shares of the restaurant operator’s stock worth $2,373,000 after purchasing an additional 2,144 shares during the period. Bessemer Group Inc. grew its position in Texas Roadhouse by 4.3% during the fourth quarter. Bessemer Group Inc. now owns 176,065 shares of the restaurant operator’s stock valued at $31,768,000 after purchasing an additional 7,301 shares in the last quarter. Chase Investment Counsel Corp acquired a new position in Texas Roadhouse in the 4th quarter valued at approximately $316,000. Finally, Raymond James Financial Inc. purchased a new stake in Texas Roadhouse in the 4th quarter worth approximately $55,177,000. 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.