Texas Roadhouse (NASDAQ:TXRH) Given “Sector Perform” Rating at Royal Bank of Canada

Royal Bank of Canada reissued their sector perform rating on shares of Texas Roadhouse (NASDAQ:TXRH) in a research note released on Thursday morning,Benzinga reports. They currently have a $200.00 target price on the restaurant operator’s stock.

Several other equities research analysts also recently commented on the stock. Robert W. Baird boosted their target price on shares of Texas Roadhouse from $190.00 to $205.00 and gave the company an “outperform” rating in a research note on Friday, October 25th. Morgan Stanley boosted their price target on shares of Texas Roadhouse from $200.00 to $205.00 and gave the company an “equal weight” rating in a research report on Friday, October 25th. Barclays raised their price objective on shares of Texas Roadhouse from $160.00 to $175.00 and gave the stock an “equal weight” rating in a report on Friday, October 25th. Loop Capital reduced their target price on Texas Roadhouse from $215.00 to $209.00 and set a “buy” rating on the stock in a report on Monday, October 28th. Finally, Citigroup raised their price target on Texas Roadhouse from $192.00 to $201.00 and gave the company a “buy” rating in a report on Tuesday, October 1st. Fourteen investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $190.91.

Texas Roadhouse Stock Down 0.5 %

NASDAQ TXRH opened at $178.32 on Thursday. Texas Roadhouse has a twelve month low of $117.13 and a twelve month high of $206.04. The stock has a market cap of $11.90 billion, a P/E ratio of 30.64, a PEG ratio of 1.34 and a beta of 1.01. The company’s 50-day simple moving average is $189.44 and its 200 day simple moving average is $178.69.

Texas Roadhouse (NASDAQ:TXRH) last issued its earnings results on Thursday, October 24th. The restaurant operator reported $1.26 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.32 by ($0.06). The company had revenue of $1.27 billion during the quarter, compared to analyst estimates of $1.27 billion. Texas Roadhouse had a return on equity of 31.33% and a net margin of 7.65%. The company’s quarterly revenue was up 13.5% on a year-over-year basis. During the same period in the previous year, the company posted $0.95 earnings per share. Research analysts anticipate that Texas Roadhouse will post 6.4 earnings per share for the current year.

Texas Roadhouse Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Tuesday, December 10th were issued a dividend of $0.61 per share. This represents a $2.44 dividend on an annualized basis and a yield of 1.37%. The ex-dividend date of this dividend was Tuesday, December 10th. Texas Roadhouse’s dividend payout ratio is currently 41.92%.

Insider Buying and Selling at Texas Roadhouse

In other Texas Roadhouse news, insider Christopher C. Colson sold 1,370 shares of the stock in a transaction dated Friday, January 10th. The stock was sold at an average price of $179.46, for a total value of $245,860.20. Following the completion of the sale, the insider now directly owns 10,000 shares in the company, valued at $1,794,600. This represents a 12.05 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Donna E. Epps sold 610 shares of Texas Roadhouse stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $195.66, for a total value of $119,352.60. Following the transaction, the director now owns 3,532 shares in the company, valued at $691,071.12. This trade represents a 14.73 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 3,480 shares of company stock valued at $668,603. Corporate insiders own 0.50% of the company’s stock.

Institutional Trading of Texas Roadhouse

Several hedge funds have recently bought and sold shares of the stock. Hantz Financial Services Inc. increased its position in shares of Texas Roadhouse by 8,594.4% during the third quarter. Hantz Financial Services Inc. now owns 3,130 shares of the restaurant operator’s stock worth $553,000 after acquiring an additional 3,094 shares in the last quarter. Massachusetts Financial Services Co. MA bought a new position in Texas Roadhouse during the 3rd quarter worth about $17,853,000. Victory Capital Management Inc. raised its stake in shares of Texas Roadhouse by 194.9% in the 3rd quarter. Victory Capital Management Inc. now owns 67,733 shares of the restaurant operator’s stock valued at $11,962,000 after purchasing an additional 44,768 shares during the period. Thrivent Financial for Lutherans lifted its holdings in shares of Texas Roadhouse by 0.9% in the third quarter. Thrivent Financial for Lutherans now owns 483,045 shares of the restaurant operator’s stock valued at $85,306,000 after purchasing an additional 4,391 shares in the last quarter. Finally, First Hawaiian Bank acquired a new position in shares of Texas Roadhouse during the fourth quarter worth about $1,554,000. 94.82% of the stock is currently owned by institutional investors and hedge funds.

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.