Stifel Nicolaus Lowers Texas Roadhouse (NASDAQ:TXRH) Price Target to $170.00

Texas Roadhouse (NASDAQ:TXRH - Free Report) had its price target decreased by Stifel Nicolaus from $172.00 to $170.00 in a research note published on Tuesday, MarketBeat reports. Stifel Nicolaus currently has a hold rating on the restaurant operator's stock.

A number of other analysts also recently issued reports on the stock. Citigroup lifted their price target on shares of Texas Roadhouse from $212.00 to $213.00 and gave the company a "buy" rating in a research report on Friday, February 21st. Guggenheim decreased their price target on Texas Roadhouse from $205.00 to $200.00 and set a "buy" rating on the stock in a research note on Thursday, February 27th. Barclays reduced their price objective on shares of Texas Roadhouse from $194.00 to $178.00 and set an "equal weight" rating on the stock in a report on Friday, February 21st. JPMorgan Chase & Co. lowered their target price on shares of Texas Roadhouse from $185.00 to $184.00 and set a "neutral" rating for the company in a research note on Thursday, March 20th. Finally, Morgan Stanley raised shares of Texas Roadhouse from an "equal weight" rating to an "overweight" rating and increased their price objective for the stock from $205.00 to $213.00 in a research report on Tuesday, January 21st. Nine 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, Texas Roadhouse presently has an average rating of "Moderate Buy" and a consensus price target of $194.81.

Texas Roadhouse Stock Performance

Shares of TXRH stock traded up $1.38 during trading hours on Tuesday, reaching $161.89. The company had a trading volume of 1,117,803 shares, compared to its average volume of 873,402. The stock has a fifty day moving average of $170.53 and a 200-day moving average of $180.54. The company has a market capitalization of $10.76 billion, a price-to-earnings ratio of 25.02, a PEG ratio of 1.23 and a beta of 0.88. Texas Roadhouse has a 12-month low of $148.73 and a 12-month high of $206.04.

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

Texas Roadhouse Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Tuesday, March 18th were given a dividend of $0.68 per share. This represents a $2.72 annualized dividend and a dividend yield of 1.68%. The ex-dividend date of this dividend was Tuesday, March 18th. This is an increase from Texas Roadhouse's previous quarterly dividend of $0.61. Texas Roadhouse's payout ratio is currently 42.04%.

Insider Activity at Texas Roadhouse

In related news, Director Curtis Warfield sold 3,281 shares of the company's stock in a transaction on Tuesday, March 4th. The shares were sold at an average price of $183.67, for a total value of $602,621.27. Following the completion of the sale, the director now owns 6,801 shares in the company, valued at $1,249,139.67. This represents a 32.54 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, President Regina A. Tobin sold 3,154 shares of the firm's stock in a transaction on Wednesday, March 5th. The stock was sold at an average price of $185.64, for a total transaction of $585,508.56. Following the transaction, the president now directly owns 18,414 shares in the company, valued at $3,418,374.96. The trade was 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 ninety days. Insiders own 0.50% of the company's stock.

Hedge Funds Weigh In On 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 shares of Texas Roadhouse in the fourth quarter valued at approximately $30,000. Coppell Advisory Solutions LLC raised its position in Texas Roadhouse by 56.8% during the 4th quarter. Coppell Advisory Solutions LLC now owns 196 shares of the restaurant operator's stock worth $35,000 after buying an additional 71 shares during the last quarter. SBI Securities Co. Ltd. acquired a new stake in shares of Texas Roadhouse in the 4th quarter worth $36,000. MassMutual Private Wealth & Trust FSB raised its stake in shares of 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 in the last quarter. Finally, VisionPoint Advisory Group LLC acquired a new position in Texas Roadhouse during the fourth quarter worth $64,000. 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.