Texas Roadhouse (NASDAQ:TXRH) Given New $178.00 Price Target at Barclays

Texas Roadhouse (NASDAQ:TXRH) had its target price decreased by Barclays from $194.00 to $178.00 in a report issued on Friday morning,Benzinga reports. Barclays currently has an equal weight rating on the restaurant operator’s stock.

Several other analysts also recently weighed in on the stock. Morgan Stanley raised shares of Texas Roadhouse from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $205.00 to $213.00 in a report on Tuesday, January 21st. Truist Financial lifted their price objective on Texas Roadhouse from $207.00 to $209.00 and gave the company a “buy” rating in a report on Wednesday, January 8th. BMO Capital Markets increased their target price on Texas Roadhouse from $155.00 to $162.00 and gave the stock a “market perform” rating in a research note on Friday, October 25th. Stifel Nicolaus reduced their price target on Texas Roadhouse from $195.00 to $185.00 and set a “hold” rating for the company in a report on Friday, February 14th. Finally, Robert W. Baird upped their price objective on Texas Roadhouse from $190.00 to $205.00 and gave the stock an “outperform” rating in a report on Friday, October 25th. Eleven research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $192.50.

Texas Roadhouse Trading Down 1.4 %

Texas Roadhouse stock opened at $169.13 on Friday. The stock has a 50 day moving average of $179.58 and a two-hundred day moving average of $180.02. Texas Roadhouse has a twelve month low of $146.51 and a twelve month high of $206.04. The stock has a market capitalization of $11.28 billion, a price-to-earnings ratio of 26.14, a PEG ratio of 1.23 and a beta of 1.02.

Texas Roadhouse (NASDAQ:TXRH) last issued its quarterly earnings results on Thursday, February 20th. The restaurant operator reported $1.73 earnings per share for the quarter, topping 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. Equities analysts predict that Texas Roadhouse will post 7.23 earnings per share for the current year.

Texas Roadhouse Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Tuesday, March 18th will be paid a dividend of $0.68 per share. This represents a $2.72 dividend on an annualized basis and a dividend yield of 1.61%. 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 37.71%.

Insider Activity at Texas Roadhouse

In related 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 transaction of $245,860.20. Following the completion of the sale, 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 transaction was disclosed in a document filed with the SEC, which can be accessed through 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 TXRH. Kingsview Wealth Management LLC raised its position in shares of Texas Roadhouse by 3.1% in the third quarter. Kingsview Wealth Management LLC now owns 1,771 shares of the restaurant operator’s stock valued at $313,000 after buying an additional 54 shares during the last quarter. Cornerstone Investment Partners LLC grew its stake in Texas Roadhouse by 2.7% in the 4th quarter. Cornerstone Investment Partners LLC now owns 2,159 shares of the restaurant operator’s stock worth $390,000 after acquiring an additional 56 shares during the period. Lifestyle Asset Management Inc. grew its stake in Texas Roadhouse by 3.9% in the 4th quarter. Lifestyle Asset Management Inc. now owns 1,603 shares of the restaurant operator’s stock worth $289,000 after acquiring an additional 60 shares during the period. CIBC Asset Management Inc raised its holdings in Texas Roadhouse by 3.3% in the 3rd quarter. CIBC Asset Management Inc now owns 1,952 shares of the restaurant operator’s stock valued at $345,000 after acquiring an additional 62 shares during the last quarter. Finally, MassMutual Private Wealth & Trust FSB lifted 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 purchasing an additional 65 shares during the period. 94.82% of the stock is currently owned by hedge funds and other institutional investors.

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.