Barclays Has Lowered Expectations for Texas Roadhouse (NASDAQ:TXRH) Stock Price

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

TXRH has been the subject of a number of other research reports. UBS Group boosted their target price on Texas Roadhouse from $200.00 to $210.00 and gave the stock a “buy” rating in a report on Friday, October 25th. Morgan Stanley raised shares of Texas Roadhouse from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $205.00 to $213.00 in a research report on Tuesday, January 21st. Loop Capital cut their target price on shares of Texas Roadhouse from $215.00 to $209.00 and set a “buy” rating on the stock in a research note on Monday, October 28th. Gordon Haskett downgraded shares of Texas Roadhouse from a “buy” rating to a “hold” rating and set a $192.00 target price on the stock. in a research note on Wednesday, January 8th. Finally, Stifel Nicolaus decreased their price target on shares of Texas Roadhouse from $195.00 to $185.00 and set a “hold” rating for the company in a research report on Friday, February 14th. Eleven investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $192.50.

Texas Roadhouse Stock Down 1.4 %

NASDAQ:TXRH opened at $169.13 on Friday. The company has a market cap of $11.28 billion, a P/E ratio of 26.14, a P/E/G ratio of 1.23 and a beta of 1.02. The firm’s 50 day moving average is $179.58 and its two-hundred day moving average is $180.02. Texas Roadhouse has a fifty-two week low of $146.51 and a fifty-two week high of $206.04.

Texas Roadhouse (NASDAQ:TXRH) last issued its earnings results on Thursday, February 20th. The restaurant operator reported $1.73 earnings per share for the quarter, beating analysts’ consensus estimates of $1.66 by $0.07. The firm had revenue of $1.44 billion for the quarter, compared to analysts’ expectations of $1.41 billion. Texas Roadhouse had a return on equity of 34.02% and a net margin of 8.07%. Research analysts forecast that Texas Roadhouse will post 7.23 earnings per share for the current fiscal year.

Texas Roadhouse Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Tuesday, March 18th will be paid a $0.68 dividend. This represents a $2.72 dividend on an annualized basis and a dividend yield of 1.61%. The ex-dividend date is Tuesday, March 18th. This is a positive change from Texas Roadhouse’s previous quarterly dividend of $0.61. Texas Roadhouse’s payout ratio is 37.71%.

Insider Buying and Selling at Texas Roadhouse

In related news, insider Christopher C. Colson sold 1,370 shares of the business’s 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 sale, the insider now directly owns 10,000 shares of the company’s stock, valued at $1,794,600. The trade was a 12.05 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.50% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Norges Bank acquired a new stake in shares of Texas Roadhouse during the 4th quarter valued at approximately $155,239,000. FMR LLC increased its stake in Texas Roadhouse by 81.6% during the third quarter. FMR LLC now owns 898,522 shares of the restaurant operator’s stock valued at $158,679,000 after purchasing an additional 403,720 shares during the last quarter. Franklin Resources Inc. raised its holdings in shares of Texas Roadhouse by 76.0% during the third quarter. Franklin Resources Inc. now owns 893,925 shares of the restaurant operator’s stock worth $157,375,000 after purchasing an additional 385,998 shares during the period. Erste Asset Management GmbH bought a new position in shares of Texas Roadhouse in the 3rd quarter worth about $66,609,000. Finally, T. Rowe Price Investment Management Inc. boosted its holdings in shares of Texas Roadhouse by 255.1% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 520,352 shares of the restaurant operator’s stock valued at $93,888,000 after buying an additional 373,812 shares during the period. Institutional investors and hedge funds 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.