Texas Roadhouse (NASDAQ:TXRH) Given New $195.00 Price Target at Truist Financial

Texas Roadhouse (NASDAQ:TXRH) had its target price decreased by Truist Financial from $210.00 to $195.00 in a research note issued to investors on Friday morning,Benzinga reports. Truist Financial currently has a buy rating on the restaurant operator’s stock.

Several other research firms have also issued reports on TXRH. Stifel Nicolaus raised their price target on shares of Texas Roadhouse from $180.00 to $188.00 and gave the stock a “hold” rating in a research report on Friday, July 25th. Citigroup increased their target price on shares of Texas Roadhouse from $180.00 to $197.00 and gave the company a “neutral” rating in a research note on Tuesday, July 29th. Zacks Research downgraded Texas Roadhouse from a “hold” rating to a “strong sell” rating in a research report on Wednesday, October 22nd. Evercore ISI lowered Texas Roadhouse from an “outperform” rating to an “in-line” rating and set a $190.00 price target on the stock. in a research note on Thursday, September 4th. Finally, Stephens cut their price target on Texas Roadhouse from $175.00 to $168.00 and set an “equal weight” rating for the company in a report on Friday. Two research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $193.21.

Texas Roadhouse Stock Up 2.7%

NASDAQ TXRH traded up $4.30 during trading on Friday, hitting $165.03. The company’s stock had a trading volume of 2,595,760 shares, compared to its average volume of 1,129,258. Texas Roadhouse has a 52 week low of $148.73 and a 52 week high of $206.04. The firm has a market cap of $10.97 billion, a P/E ratio of 25.20, a price-to-earnings-growth ratio of 2.50 and a beta of 0.87. The firm has a 50 day moving average price of $167.61 and a 200 day moving average price of $177.86.

Texas Roadhouse (NASDAQ:TXRH) last announced its quarterly earnings data on Thursday, November 6th. The restaurant operator reported $1.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.28 by ($0.03). Texas Roadhouse had a return on equity of 31.52% and a net margin of 7.72%.The company had revenue of $1.44 billion during the quarter, compared to analyst estimates of $1.43 billion. During the same quarter in the previous year, the business posted $1.26 EPS. The company’s revenue was up 12.8% on a year-over-year basis. On average, equities analysts expect that Texas Roadhouse will post 7.23 earnings per share for the current year.

Texas Roadhouse Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 30th. Investors of record on Tuesday, December 2nd will be given a dividend of $0.68 per share. The ex-dividend date is Tuesday, December 2nd. This represents a $2.72 dividend on an annualized basis and a dividend yield of 1.6%. Texas Roadhouse’s dividend payout ratio (DPR) is 41.59%.

Insider Activity at Texas Roadhouse

In other Texas Roadhouse news, President Regina A. Tobin sold 3,153 shares of the business’s stock in a transaction dated Monday, August 18th. The shares were sold at an average price of $173.53, for a total value of $547,140.09. Following the transaction, the president directly owned 15,261 shares in the company, valued at $2,648,241.33. The trade was a 17.12% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CTO Hernan E. Mujica sold 2,189 shares of the company’s stock in a transaction dated Thursday, August 21st. The stock was sold at an average price of $172.40, for a total transaction of $377,383.60. Following the sale, the chief technology officer directly owned 17,553 shares in the company, valued at $3,026,137.20. This represents a 11.09% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 8,342 shares of company stock valued at $1,443,704 in the last ninety days. Insiders own 0.50% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of TXRH. Ontario Teachers Pension Plan Board raised its stake in shares of Texas Roadhouse by 44.1% during the third quarter. Ontario Teachers Pension Plan Board now owns 28,334 shares of the restaurant operator’s stock worth $4,708,000 after buying an additional 8,667 shares during the last quarter. Harold Davidson & Associates Inc. grew its holdings in Texas Roadhouse by 22.3% during the 3rd quarter. Harold Davidson & Associates Inc. now owns 5,460 shares of the restaurant operator’s stock worth $907,000 after acquiring an additional 994 shares during the period. Synovus Financial Corp raised its position in shares of Texas Roadhouse by 21.5% during the 3rd quarter. Synovus Financial Corp now owns 9,230 shares of the restaurant operator’s stock valued at $1,534,000 after acquiring an additional 1,634 shares during the last quarter. Hodges Capital Management Inc. lifted its stake in shares of Texas Roadhouse by 0.7% in the 3rd quarter. Hodges Capital Management Inc. now owns 18,674 shares of the restaurant operator’s stock valued at $3,103,000 after purchasing an additional 135 shares during the period. Finally, First National Bank of Omaha acquired a new position in shares of Texas Roadhouse in the 3rd quarter valued at $2,288,000. 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.