Texas Roadhouse (NASDAQ:TXRH) Given New $175.00 Price Target at Barclays

Texas Roadhouse (NASDAQ:TXRH) had its price objective decreased by Barclays from $179.00 to $175.00 in a research report report published on Friday,Benzinga reports. Barclays currently has an equal weight rating on the restaurant operator’s stock.

Several other research analysts have also weighed in on TXRH. UBS Group lowered their price objective on Texas Roadhouse from $210.00 to $200.00 and set a “buy” rating for the company in a research report on Monday, May 5th. Royal Bank of Canada lowered their price objective on Texas Roadhouse from $200.00 to $180.00 and set a “sector perform” rating for the company in a research report on Friday, February 21st. Guggenheim lowered their price objective on Texas Roadhouse from $205.00 to $200.00 and set a “buy” rating for the company in a research report on Thursday, February 27th. Robert W. Baird set a $180.00 target price on Texas Roadhouse and gave the company an “outperform” rating in a research note on Monday, April 7th. Finally, Morgan Stanley upgraded Texas Roadhouse from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $205.00 to $213.00 in a research note on Tuesday, January 21st. Ten equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $191.62.

Texas Roadhouse Trading Up 4.8%

TXRH stock opened at $180.81 on Friday. The stock has a 50-day moving average price of $168.25 and a 200-day moving average price of $179.39. Texas Roadhouse has a 1-year low of $148.73 and a 1-year high of $206.04. The firm has a market cap of $12.02 billion, a PE ratio of 27.95, a price-to-earnings-growth ratio of 1.23 and a beta of 0.87.

Texas Roadhouse (NASDAQ:TXRH) last posted its quarterly earnings data on Thursday, May 8th. The restaurant operator reported $1.70 earnings per share for the quarter, missing the consensus estimate of $1.75 by ($0.05). Texas Roadhouse had a return on equity of 34.02% and a net margin of 8.07%. The business had revenue of $1.45 billion during the quarter, compared to the consensus estimate of $1.44 billion. During the same period last year, the business posted $1.69 earnings per share. The business’s revenue was up 11.8% on a year-over-year basis. On average, analysts forecast that Texas Roadhouse will post 7.23 earnings per share for the current year.

Texas Roadhouse Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 1st. Shareholders of record on Tuesday, June 3rd will be issued a dividend of $0.68 per share. This represents a $2.72 dividend on an annualized basis and a yield of 1.50%. The ex-dividend date is Tuesday, June 3rd. Texas Roadhouse’s dividend payout ratio is currently 41.98%.

Insiders Place Their Bets

In other Texas Roadhouse news, insider Christopher C. Colson sold 580 shares of the business’s stock in a transaction that occurred on Friday, February 28th. The stock was sold at an average price of $181.94, for a total transaction of $105,525.20. Following the completion of the sale, the insider now directly owns 12,000 shares of the company’s stock, valued at approximately $2,183,280. The trade was a 4.61% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, President Regina A. Tobin sold 3,154 shares of the business’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 sale, 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 ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 16,535 shares of company stock valued at $2,952,507. Corporate insiders own 0.50% of the company’s stock.

Institutional Trading of Texas Roadhouse

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in TXRH. Norges Bank purchased a new position in shares of Texas Roadhouse in the 4th quarter worth approximately $155,239,000. Congress Asset Management Co. boosted its stake in shares of Texas Roadhouse by 8,956.4% in the 1st quarter. Congress Asset Management Co. now owns 465,679 shares of the restaurant operator’s stock worth $77,596,000 after buying an additional 460,537 shares during the last quarter. FMR LLC boosted its stake in shares of Texas Roadhouse by 44.8% in the 4th quarter. FMR LLC now owns 1,300,987 shares of the restaurant operator’s stock worth $234,737,000 after buying an additional 402,465 shares during the last quarter. T. Rowe Price Investment Management Inc. boosted its stake in shares of Texas Roadhouse by 255.1% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 520,352 shares of the restaurant operator’s stock worth $93,888,000 after buying an additional 373,812 shares during the last quarter. Finally, GAMMA Investing LLC boosted its stake in shares of Texas Roadhouse by 19,250.9% in the 1st quarter. GAMMA Investing LLC now owns 325,095 shares of the restaurant operator’s stock worth $54,171,000 after buying an additional 323,415 shares during the last quarter. 94.82% of the stock is owned by institutional investors.

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.