Texas Roadhouse (NASDAQ:TXRH) Price Target Cut to $182.00 by Analysts at JPMorgan Chase & Co.

Texas Roadhouse (NASDAQ:TXRH) had its price target cut by JPMorgan Chase & Co. from $200.00 to $182.00 in a research report released on Tuesday,Benzinga reports. They currently have a neutral rating on the restaurant operator’s stock.

Several other equities research analysts have also recently weighed in on TXRH. Evercore ISI cut shares of Texas Roadhouse from an “outperform” rating to an “in-line” rating and set a $190.00 price target for the company. in a research report on Thursday, September 4th. Guggenheim reiterated a “buy” rating and set a $210.00 target price on shares of Texas Roadhouse in a report on Tuesday, September 16th. Bank of America boosted their price target on Texas Roadhouse from $203.00 to $219.00 and gave the company a “buy” rating in a report on Friday, July 18th. Barclays increased their price objective on Texas Roadhouse from $175.00 to $189.00 and gave the stock an “equal weight” rating in a report on Thursday, July 17th. Finally, Melius Research raised Texas Roadhouse to a “strong-buy” rating in a research note on Monday, July 14th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and eleven have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $196.00.

Texas Roadhouse Price Performance

TXRH stock opened at $166.56 on Tuesday. Texas Roadhouse has a one year low of $148.73 and a one year high of $206.04. The stock has a market cap of $11.07 billion, a PE ratio of 25.43, a P/E/G ratio of 2.29 and a beta of 0.82. The firm has a 50 day simple moving average of $171.05 and a two-hundred day simple moving average of $177.05.

Texas Roadhouse (NASDAQ:TXRH) last announced its quarterly earnings data on Thursday, August 7th. The restaurant operator reported $1.86 earnings per share for the quarter, missing analysts’ consensus estimates of $1.95 by ($0.09). Texas Roadhouse had a net margin of 7.72% and a return on equity of 31.52%. The firm had revenue of $1.51 billion for the quarter, compared to analysts’ expectations of $1.50 billion. During the same period in the prior year, the business posted $1.79 earnings per share. The business’s quarterly revenue was up 12.7% on a year-over-year basis. On average, research analysts expect that Texas Roadhouse will post 7.23 EPS for the current fiscal year.

Texas Roadhouse Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Tuesday, September 2nd were paid a $0.68 dividend. The ex-dividend date was Tuesday, September 2nd. This represents a $2.72 annualized dividend and a dividend yield of 1.6%. Texas Roadhouse’s dividend payout ratio is presently 41.53%.

Insiders Place Their Bets

In related news, President Regina A. Tobin sold 3,153 shares of the stock in a transaction dated Monday, August 18th. The shares were sold at an average price of $173.53, for a total transaction of $547,140.09. Following the sale, the president directly owned 15,261 shares of the company’s stock, valued at approximately $2,648,241.33. This represents a 17.12% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Gregory N. Moore sold 3,000 shares of Texas Roadhouse stock in a transaction dated Monday, August 18th. The stock was sold at an average price of $173.06, for a total transaction of $519,180.00. Following the completion of the transaction, the director directly owned 34,550 shares of the company’s stock, valued at $5,979,223. This trade represents a 7.99% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 8,342 shares of company stock valued at $1,443,704. 0.50% of the stock is currently owned by corporate insiders.

Institutional Trading of Texas Roadhouse

A number of large investors have recently made changes to their positions in the stock. Caldwell Trust Co bought a new position in Texas Roadhouse in the second quarter valued at about $28,000. Brooklyn Investment Group increased its position in shares of Texas Roadhouse by 478.6% during the 1st quarter. Brooklyn Investment Group now owns 162 shares of the restaurant operator’s stock valued at $27,000 after purchasing an additional 134 shares during the last quarter. Bogart Wealth LLC bought a new position in shares of Texas Roadhouse in the 1st quarter worth approximately $33,000. Ameritas Advisory Services LLC bought a new position in shares of Texas Roadhouse in the 2nd quarter worth approximately $53,000. Finally, Farther Finance Advisors LLC boosted its holdings in shares of Texas Roadhouse by 22.8% in the second quarter. Farther Finance Advisors LLC now owns 312 shares of the restaurant operator’s stock worth $59,000 after buying an additional 58 shares during the last quarter. 94.82% of the stock is currently owned by institutional investors.

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.