Texas Roadhouse (NASDAQ:TXRH) Given New $205.00 Price Target at Truist Financial

Texas Roadhouse (NASDAQ:TXRH - Free Report) had its target price trimmed by Truist Financial from $209.00 to $205.00 in a research note published on Friday morning,Benzinga reports. The firm currently has a buy rating on the restaurant operator's stock.

Other equities research analysts have also recently issued reports about the company. The Goldman Sachs Group started coverage on Texas Roadhouse in a report on Thursday, December 5th. They set a "neutral" rating and a $213.00 target price for the company. Morgan Stanley upgraded Texas Roadhouse from an "equal weight" rating to an "overweight" rating and increased their target price for the company from $205.00 to $213.00 in a report on Tuesday, January 21st. Loop Capital dropped their target price on Texas Roadhouse from $215.00 to $209.00 and set a "buy" rating for the company in a report on Monday, October 28th. Barclays dropped their target price on Texas Roadhouse from $194.00 to $178.00 and set an "equal weight" rating for the company in a report on Friday. Finally, Stifel Nicolaus dropped their target price on Texas Roadhouse from $185.00 to $172.00 and set a "hold" rating for the company in a report on Friday. Eleven analysts have rated the stock with a hold rating and twelve have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $192.50.

Texas Roadhouse Trading Up 1.7 %

Shares of TXRH traded up $2.92 during midday trading on Friday, reaching $172.05. The stock had a trading volume of 1,678,376 shares, compared to its average volume of 1,093,002. The company's 50-day moving average is $178.91 and its 200 day moving average is $180.30. Texas Roadhouse has a 12-month low of $146.75 and a 12-month high of $206.04. The company has a market capitalization of $11.48 billion, a price-to-earnings ratio of 26.59, a price-to-earnings-growth 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 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 analysts' expectations of $1.41 billion. Research analysts forecast that Texas Roadhouse will post 7.23 EPS for the current fiscal year.

Texas Roadhouse Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Tuesday, March 18th will be given a $0.68 dividend. The ex-dividend date is Tuesday, March 18th. This represents a $2.72 annualized dividend and a dividend yield of 1.58%. This is a positive change from Texas Roadhouse's previous quarterly dividend of $0.61. Texas Roadhouse's dividend payout ratio is currently 42.04%.

Insider Activity at Texas Roadhouse

In related news, insider Christopher C. Colson sold 1,370 shares of the firm's stock in a transaction that occurred on Friday, January 10th. The stock was sold at an average price of $179.46, for a total transaction of $245,860.20. Following the completion of the transaction, the insider now owns 10,000 shares of the company's stock, valued at $1,794,600. This trade represents a 12.05 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.50% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its position in Texas Roadhouse by 1.2% during the 4th quarter. Vanguard Group Inc. now owns 6,540,615 shares of the restaurant operator's stock valued at $1,180,123,000 after buying an additional 76,051 shares in the last quarter. Invesco Ltd. boosted its stake in Texas Roadhouse by 5.9% during the 4th quarter. Invesco Ltd. now owns 2,479,323 shares of the restaurant operator's stock valued at $447,344,000 after purchasing an additional 138,675 shares during the last quarter. State Street Corp boosted its stake in Texas Roadhouse by 2.0% during the 3rd quarter. State Street Corp now owns 1,982,848 shares of the restaurant operator's stock valued at $350,171,000 after purchasing an additional 38,723 shares during the last quarter. FMR LLC boosted its stake in Texas Roadhouse by 44.8% during the 4th quarter. FMR LLC now owns 1,300,987 shares of the restaurant operator's stock valued at $234,737,000 after purchasing an additional 402,465 shares during the last quarter. Finally, Geode Capital Management LLC boosted its stake in Texas Roadhouse by 0.5% during the 4th quarter. Geode Capital Management LLC now owns 1,207,645 shares of the restaurant operator's stock valued at $217,959,000 after purchasing an additional 6,004 shares during the last quarter. 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.