Texas Roadhouse (NASDAQ:TXRH) Stock Price Expected to Rise, Barclays Analyst Says

Texas Roadhouse (NASDAQ:TXRH - Free Report) had its price objective lifted by Barclays from $178.00 to $179.00 in a report published on Tuesday morning,Benzinga reports. Barclays currently has an equal weight rating on the restaurant operator's stock.

A number of other research firms have also issued reports on TXRH. Royal Bank of Canada reduced their target price on shares of Texas Roadhouse from $200.00 to $180.00 and set a "sector perform" rating on the stock in a report on Friday, February 21st. Gordon Haskett lowered Texas Roadhouse from a "buy" rating to a "hold" rating and set a $192.00 price target on the stock. in a research note on Wednesday, January 8th. Morgan Stanley raised Texas Roadhouse from an "equal weight" rating to an "overweight" rating and lifted their price objective for the company from $205.00 to $213.00 in a research report on Tuesday, January 21st. Wedbush increased their target price on Texas Roadhouse from $200.00 to $210.00 and gave the stock an "outperform" rating in a research report on Friday, March 28th. Finally, Guggenheim lowered their price target on Texas Roadhouse from $205.00 to $200.00 and set a "buy" rating for the company in a report on Thursday, February 27th. Ten research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $192.29.

Texas Roadhouse Price Performance

Shares of NASDAQ TXRH traded down $0.56 on Tuesday, hitting $161.28. The company's stock had a trading volume of 124,208 shares, compared to its average volume of 1,179,960. The stock has a 50 day moving average of $169.82 and a 200-day moving average of $180.12. Texas Roadhouse has a 12-month low of $148.73 and a 12-month high of $206.04. The company has a market capitalization of $10.72 billion, a price-to-earnings ratio of 24.94, a price-to-earnings-growth ratio of 1.23 and a beta of 0.88.

Texas Roadhouse (NASDAQ:TXRH - Get Free Report) last posted its earnings results on Thursday, February 20th. The restaurant operator reported $1.73 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.66 by $0.07. The firm had revenue of $1.44 billion for the quarter, compared to analyst estimates of $1.41 billion. Texas Roadhouse had a return on equity of 34.02% and a net margin of 8.07%. Sell-side analysts expect that Texas Roadhouse will post 7.23 EPS for the current fiscal year.

Texas Roadhouse Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Tuesday, March 18th were issued a dividend of $0.68 per share. This represents a $2.72 dividend on an annualized basis and a yield of 1.69%. This is a positive change from Texas Roadhouse's previous quarterly dividend of $0.61. The ex-dividend date was Tuesday, March 18th. Texas Roadhouse's dividend payout ratio (DPR) is presently 42.04%.

Insider Buying and Selling

In other Texas Roadhouse news, Director Gregory N. Moore sold 2,700 shares of the firm's stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $168.26, for a total transaction of $454,302.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, President Regina A. Tobin sold 3,154 shares of Texas Roadhouse 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 owns 18,414 shares in the company, 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. Insiders have sold 16,535 shares of company stock valued at $2,952,507 in the last quarter. Company 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 made changes to their positions in TXRH. Mirae Asset Global Investments Co. Ltd. acquired a new position in Texas Roadhouse during the 4th quarter worth $30,000. Coppell Advisory Solutions LLC increased its holdings in Texas Roadhouse by 56.8% in the fourth quarter. Coppell Advisory Solutions LLC now owns 196 shares of the restaurant operator's stock valued at $35,000 after buying an additional 71 shares during the last quarter. SBI Securities Co. Ltd. acquired a new stake in Texas Roadhouse during the fourth quarter valued at approximately $36,000. MassMutual Private Wealth & Trust FSB lifted its holdings in Texas Roadhouse by 32.2% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 267 shares of the restaurant operator's stock worth $48,000 after buying an additional 65 shares during the last quarter. Finally, VisionPoint Advisory Group LLC acquired a new position in shares of Texas Roadhouse in the 4th quarter worth approximately $64,000. Institutional investors own 94.82% of the company's stock.

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.