Truist Financial Boosts Texas Roadhouse (NASDAQ:TXRH) Price Target to $209.00

Texas Roadhouse (NASDAQ:TXRH - Free Report) had its target price raised by Truist Financial from $207.00 to $209.00 in a report issued on Wednesday morning,Benzinga reports. The brokerage currently has a buy rating on the restaurant operator's stock.

A number of other equities research analysts have also recently issued reports on the stock. The Goldman Sachs Group initiated coverage on shares of Texas Roadhouse in a research note on Thursday, December 5th. They issued a "neutral" rating and a $213.00 price objective for the company. UBS Group lifted their price objective on Texas Roadhouse from $200.00 to $210.00 and gave the stock a "buy" rating in a report on Friday, October 25th. 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. Bank of America lifted their price target on Texas Roadhouse from $206.00 to $234.00 and gave the stock a "buy" rating in a research note on Tuesday, October 22nd. Finally, BMO Capital Markets increased their price objective on Texas Roadhouse from $155.00 to $162.00 and gave the company a "market perform" rating in a research note on Friday, October 25th. Fourteen analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $190.26.

Texas Roadhouse Stock Up 0.4 %

NASDAQ:TXRH traded up $0.78 during midday trading on Wednesday, hitting $182.05. The company had a trading volume of 873,313 shares, compared to its average volume of 756,920. The stock's fifty day moving average price is $191.09 and its 200-day moving average price is $178.40. Texas Roadhouse has a 52-week low of $115.48 and a 52-week high of $206.04. The company has a market capitalization of $12.15 billion, a PE ratio of 31.28, a P/E/G ratio of 1.59 and a beta of 1.01.

Texas Roadhouse (NASDAQ:TXRH - Get Free Report) last announced its quarterly earnings data on Thursday, October 24th. The restaurant operator reported $1.26 earnings per share for the quarter, missing analysts' consensus estimates of $1.32 by ($0.06). The firm had revenue of $1.27 billion for the quarter, compared to analysts' expectations of $1.27 billion. Texas Roadhouse had a net margin of 7.65% and a return on equity of 31.33%. The business's quarterly revenue was up 13.5% on a year-over-year basis. During the same period in the prior year, the business posted $0.95 earnings per share. As a group, research analysts forecast that Texas Roadhouse will post 6.39 earnings per share for the current year.

Texas Roadhouse Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 10th were issued a dividend of $0.61 per share. The ex-dividend date was Tuesday, December 10th. This represents a $2.44 annualized dividend and a dividend yield of 1.34%. Texas Roadhouse's payout ratio is 41.92%.

Insider Transactions at Texas Roadhouse

In other news, CTO Hernan E. Mujica sold 1,500 shares of the company's stock in a transaction that occurred on Thursday, November 14th. The shares were sold at an average price of $202.26, for a total value of $303,390.00. Following the transaction, the chief technology officer now owns 16,342 shares in the company, valued at approximately $3,305,332.92. This represents a 8.41 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Donna E. Epps sold 610 shares of the business's stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $195.66, for a total transaction of $119,352.60. Following the completion of the transaction, the director now owns 3,532 shares of the company's stock, valued at approximately $691,071.12. The trade was a 14.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.50% of the company's stock.

Institutional Trading of Texas Roadhouse

Institutional investors and hedge funds have recently modified their holdings of the business. Hollencrest Capital Management purchased a new stake in Texas Roadhouse during the 2nd quarter valued at $25,000. True Wealth Design LLC purchased a new stake in Texas Roadhouse during the third quarter valued at $30,000. PSI Advisors LLC lifted its holdings in Texas Roadhouse by 70.8% in the third quarter. PSI Advisors LLC now owns 181 shares of the restaurant operator's stock valued at $32,000 after acquiring an additional 75 shares during the period. UMB Bank n.a. boosted its position in Texas Roadhouse by 118.6% in the third quarter. UMB Bank n.a. now owns 258 shares of the restaurant operator's stock worth $46,000 after purchasing an additional 140 shares during the last quarter. Finally, Ashton Thomas Private Wealth LLC bought a new stake in shares of Texas Roadhouse during the 2nd quarter valued at about $47,000. 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.