Texas Roadhouse (NASDAQ:TXRH) Price Target Lowered to $180.00 at Royal Bank of Canada

Texas Roadhouse (NASDAQ:TXRH) had its price objective trimmed by Royal Bank of Canada from $200.00 to $180.00 in a report published on Friday,Benzinga reports. The firm currently has a sector perform rating on the restaurant operator’s stock.

A number of other analysts also recently weighed in on TXRH. BMO Capital Markets upped their target price on Texas Roadhouse from $155.00 to $162.00 and gave the company a “market perform” rating in a research report on Friday, October 25th. The Goldman Sachs Group assumed coverage on shares of Texas Roadhouse in a research report on Thursday, December 5th. They set a “neutral” rating and a $213.00 price objective for the company. Wedbush reduced their price objective on shares of Texas Roadhouse from $220.00 to $200.00 and set an “outperform” rating on the stock in a research note on Friday. Stifel Nicolaus dropped their target price on shares of Texas Roadhouse from $185.00 to $172.00 and set a “hold” rating for the company in a research report on Friday. Finally, Gordon Haskett downgraded shares of Texas Roadhouse from a “buy” rating to a “hold” rating and set a $192.00 price target for the company. in a report on Wednesday, January 8th. Eleven investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat.com, Texas Roadhouse currently has an average rating of “Moderate Buy” and an average target price of $192.50.

Texas Roadhouse Stock Down 1.4 %

NASDAQ TXRH opened at $169.13 on Friday. The firm has a 50-day moving average price of $179.58 and a two-hundred day moving average price of $180.02. Texas Roadhouse has a 12-month low of $146.51 and a 12-month high of $206.04. The company has a market capitalization of $11.28 billion, a P/E ratio of 26.14, a P/E/G ratio of 1.23 and a beta of 1.02.

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

Texas Roadhouse Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Tuesday, March 18th will be issued a dividend of $0.68 per share. This is a boost from Texas Roadhouse’s previous quarterly dividend of $0.61. This represents a $2.72 annualized dividend and a dividend yield of 1.61%. The ex-dividend date of this dividend is Tuesday, March 18th. Texas Roadhouse’s payout ratio is 37.71%.

Insider Activity

In other Texas Roadhouse news, insider Christopher C. Colson sold 1,370 shares of the business’s stock in a transaction that occurred on Friday, January 10th. The shares were sold at an average price of $179.46, for a total transaction of $245,860.20. Following the sale, the insider now directly owns 10,000 shares of the company’s stock, valued at $1,794,600. The trade was a 12.05 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.50% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Texas Roadhouse

Several large investors have recently modified their holdings of TXRH. Creative Planning increased its holdings in Texas Roadhouse by 81.9% in the third quarter. Creative Planning now owns 17,389 shares of the restaurant operator’s stock valued at $3,071,000 after purchasing an additional 7,827 shares during the period. Blue Trust Inc. lifted its holdings in Texas Roadhouse by 209.9% during the 3rd quarter. Blue Trust Inc. now owns 471 shares of the restaurant operator’s stock worth $81,000 after buying an additional 319 shares during the period. Signaturefd LLC grew its position in shares of Texas Roadhouse by 6.7% in the 3rd quarter. Signaturefd LLC now owns 2,010 shares of the restaurant operator’s stock valued at $355,000 after buying an additional 127 shares during the last quarter. Lecap Asset Management Ltd. bought a new stake in shares of Texas Roadhouse in the 3rd quarter valued at about $810,000. Finally, International Assets Investment Management LLC increased its stake in shares of Texas Roadhouse by 17,559.6% in the third quarter. International Assets Investment Management LLC now owns 20,132 shares of the restaurant operator’s stock valued at $3,555,000 after buying an additional 20,018 shares during the period. 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.