Texas Roadhouse (NASDAQ:TXRH) Given New $200.00 Price Target at UBS Group

Texas Roadhouse (NASDAQ:TXRH) had its price objective cut by UBS Group from $210.00 to $200.00 in a report released on Monday morning,Benzinga reports. They currently have a buy rating on the restaurant operator’s stock.

Other research analysts also recently issued research reports about the stock. Stifel Nicolaus cut 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 note on Tuesday, April 15th. Citigroup lowered shares of Texas Roadhouse from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $213.00 to $164.00 in a research report on Wednesday, April 23rd. Royal Bank of Canada lowered their target price on shares of Texas Roadhouse from $200.00 to $180.00 and set a “sector perform” rating for the company in a research note on Friday, February 21st. Robert W. Baird set a $180.00 price target on Texas Roadhouse and gave the stock an “outperform” rating in a research note on Monday, April 7th. Finally, Gordon Haskett downgraded Texas Roadhouse from a “buy” rating to a “hold” rating and set a $192.00 price objective for the company. in a research report on Wednesday, January 8th. Ten equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $191.81.

Texas Roadhouse Price Performance

Shares of NASDAQ TXRH opened at $171.16 on Monday. The firm’s 50-day moving average is $168.89 and its two-hundred day moving average is $179.56. The company has a market capitalization of $11.37 billion, a PE ratio of 26.45, a price-to-earnings-growth ratio of 1.23 and a beta of 0.88. Texas Roadhouse has a 12-month low of $148.73 and a 12-month high of $206.04.

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

Texas Roadhouse Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Tuesday, March 18th were paid a $0.68 dividend. The ex-dividend date was Tuesday, March 18th. This is an increase from Texas Roadhouse’s previous quarterly dividend of $0.61. This represents a $2.72 annualized dividend and a dividend yield of 1.59%. Texas Roadhouse’s dividend payout ratio is 42.04%.

Insiders Place Their Bets

In other Texas Roadhouse news, President Regina A. Tobin sold 3,154 shares of the company’s stock in a transaction that occurred on Wednesday, March 5th. The stock was sold at an average price of $185.64, for a total value of $585,508.56. Following the transaction, the president now directly owns 18,414 shares of the company’s stock, valued at $3,418,374.96. This represents a 14.62 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CTO Hernan E. Mujica sold 2,050 shares of the firm’s stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $170.66, for a total transaction of $349,853.00. Following the sale, the chief technology officer now directly owns 17,162 shares of the company’s stock, valued at $2,928,866.92. The trade was a 10.67 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 16,535 shares of company stock worth $2,952,507 in the last quarter. 0.50% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in TXRH. Mirae Asset Global Investments Co. Ltd. bought a new position in shares of Texas Roadhouse during the fourth quarter worth about $30,000. Bogart Wealth LLC bought a new position in Texas Roadhouse during the 1st quarter worth approximately $33,000. Coppell Advisory Solutions LLC grew its position in shares of Texas Roadhouse by 56.8% in the 4th quarter. Coppell Advisory Solutions LLC now owns 196 shares of the restaurant operator’s stock worth $35,000 after acquiring an additional 71 shares in the last quarter. SBI Securities Co. Ltd. bought a new stake in shares of Texas Roadhouse in the 4th quarter valued at approximately $36,000. Finally, MassMutual Private Wealth & Trust FSB raised its position in shares of Texas Roadhouse by 32.2% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 267 shares of the restaurant operator’s stock valued at $48,000 after acquiring an additional 65 shares in the last quarter. 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.