Texas Roadhouse (NASDAQ:TXRH) Price Target Lowered to $172.00 at Stifel Nicolaus

Texas Roadhouse (NASDAQ:TXRH - Free Report) had its target price lowered by Stifel Nicolaus from $185.00 to $172.00 in a report released on Friday,Benzinga reports. The brokerage currently has a hold rating on the restaurant operator's stock.

Other analysts also recently issued reports about the company. Truist Financial raised their target price on Texas Roadhouse from $207.00 to $209.00 and gave the stock a "buy" rating in a research note on Wednesday, January 8th. The Goldman Sachs Group began coverage on Texas Roadhouse in a research note on Thursday, December 5th. They issued a "neutral" rating and a $213.00 target price for the company. Gordon Haskett downgraded Texas Roadhouse from a "buy" rating to a "hold" rating and set a $192.00 target price for the company. in a research note on Wednesday, January 8th. Robert W. Baird raised their target price on Texas Roadhouse from $190.00 to $205.00 and gave the stock an "outperform" rating in a research note on Friday, October 25th. Finally, UBS Group raised their target price on Texas Roadhouse from $200.00 to $210.00 and gave the stock a "buy" rating in a research note on Friday, October 25th. Eleven equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $192.50.

Texas Roadhouse Price Performance

NASDAQ TXRH traded up $2.92 during mid-day trading on Friday, hitting $172.05. The stock had a trading volume of 1,678,376 shares, compared to its average volume of 1,093,002. The firm's 50 day moving average is $178.91 and its 200 day moving average is $180.30. Texas Roadhouse has a twelve month low of $146.75 and a twelve month high of $206.04. The stock has a market capitalization of $11.48 billion, a price-to-earnings ratio of 26.59, a PEG ratio of 1.23 and a beta of 1.02.

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

Texas Roadhouse Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Tuesday, March 18th will be issued a dividend of $0.68 per share. This represents a $2.72 dividend on an annualized basis and a yield of 1.58%. This is a boost from Texas Roadhouse's previous quarterly dividend of $0.61. The ex-dividend date is Tuesday, March 18th. Texas Roadhouse's dividend payout ratio (DPR) is 42.04%.

Insider Activity at Texas Roadhouse

In other news, insider Christopher C. Colson sold 1,370 shares of Texas Roadhouse 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 transaction, the insider now owns 10,000 shares in the company, valued at approximately $1,794,600. This trade represents a 12.05 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.50% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Texas Roadhouse

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Ascent Group LLC boosted its stake in shares of Texas Roadhouse by 22.7% in the 4th quarter. Ascent Group LLC now owns 8,624 shares of the restaurant operator's stock valued at $1,556,000 after buying an additional 1,596 shares during the period. PharVision Advisers LLC purchased a new position in shares of Texas Roadhouse in the 4th quarter valued at about $259,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of Texas Roadhouse by 16.4% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 163,800 shares of the restaurant operator's stock valued at $29,554,000 after buying an additional 23,093 shares during the period. Worldquant Millennium Advisors LLC purchased a new position in shares of Texas Roadhouse in the 4th quarter valued at about $381,000. Finally, Woodline Partners LP boosted its stake in shares of Texas Roadhouse by 8.5% in the 4th quarter. Woodline Partners LP now owns 79,612 shares of the restaurant operator's stock valued at $14,364,000 after buying an additional 6,266 shares during the period. Hedge funds and other 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.