Texas Roadhouse (NASDAQ:TXRH) Price Target Lowered to $184.00 at JPMorgan Chase & Co.

Texas Roadhouse (NASDAQ:TXRH) had its target price lowered by JPMorgan Chase & Co. from $185.00 to $184.00 in a research note published on Thursday morning,Benzinga reports. The firm currently has a neutral rating on the restaurant operator’s stock.

A number of other research firms have also recently weighed in on TXRH. Stephens lowered their price objective on Texas Roadhouse from $186.00 to $180.00 and set an “equal weight” rating on the stock in a research report on Friday, February 21st. Truist Financial lowered their price target on shares of Texas Roadhouse from $209.00 to $205.00 and set a “buy” rating on the stock in a report on Friday, February 21st. 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 report on Friday, February 21st. The Goldman Sachs Group assumed coverage on shares of Texas Roadhouse in a research note on Thursday, December 5th. They set a “neutral” rating and a $213.00 target price on the stock. Finally, Stifel Nicolaus lowered their target price on shares of Texas Roadhouse from $185.00 to $172.00 and set a “hold” rating on the stock in a research note on Friday, February 21st. Eleven investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $192.91.

Texas Roadhouse Trading Up 0.4 %

Shares of NASDAQ TXRH opened at $170.75 on Thursday. Texas Roadhouse has a 12-month low of $146.75 and a 12-month high of $206.04. The firm has a market capitalization of $11.35 billion, a price-to-earnings ratio of 26.39, a price-to-earnings-growth ratio of 1.23 and a beta of 1.00. The firm has a 50 day moving average of $176.96 and a 200 day moving average of $181.13.

Texas Roadhouse (NASDAQ:TXRH) last released 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 net margin of 8.07% and a return on equity of 34.02%. The business had revenue of $1.44 billion for the quarter, compared to the consensus estimate of $1.41 billion. Sell-side analysts predict 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 will be paid on Tuesday, April 1st. Shareholders of record on Tuesday, March 18th will be given a dividend of $0.68 per share. The ex-dividend date is Tuesday, March 18th. This is an increase from Texas Roadhouse’s previous quarterly dividend of $0.61. This represents a $2.72 dividend on an annualized basis and a yield of 1.59%. Texas Roadhouse’s dividend payout ratio is 42.04%.

Insider Buying and Selling at Texas Roadhouse

In other news, President Regina A. Tobin sold 3,154 shares of the stock in a transaction that occurred on Wednesday, March 5th. The stock was sold at an average price of $185.64, for a total value of $585,508.56. Following the sale, the president now directly owns 18,414 shares in the company, valued at approximately $3,418,374.96. This represents a 14.62 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Christopher C. Colson sold 580 shares of the stock in a transaction that occurred on Friday, February 28th. The stock was sold at an average price of $181.94, for a total value of $105,525.20. Following the completion of the sale, the insider now owns 12,000 shares in the company, valued at approximately $2,183,280. The trade was a 4.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 17,905 shares of company stock worth $3,198,367 over the last ninety days. Company insiders own 0.50% of the company’s stock.

Institutional Trading of Texas Roadhouse

Hedge funds and other institutional investors have recently bought and sold shares of the business. Victory Capital Management Inc. increased its position in shares of Texas Roadhouse by 194.9% during the third quarter. Victory Capital Management Inc. now owns 67,733 shares of the restaurant operator’s stock worth $11,962,000 after acquiring an additional 44,768 shares during the period. OneDigital Investment Advisors LLC increased its position in shares of Texas Roadhouse by 37.3% during the third quarter. OneDigital Investment Advisors LLC now owns 3,177 shares of the restaurant operator’s stock worth $561,000 after acquiring an additional 863 shares during the period. CIBC Asset Management Inc increased its holdings in Texas Roadhouse by 3.3% during the 3rd quarter. CIBC Asset Management Inc now owns 1,952 shares of the restaurant operator’s stock worth $345,000 after purchasing an additional 62 shares during the period. Natixis Advisors LLC increased its holdings in Texas Roadhouse by 3.5% during the 3rd quarter. Natixis Advisors LLC now owns 31,832 shares of the restaurant operator’s stock worth $5,622,000 after purchasing an additional 1,066 shares during the period. Finally, Fifth Third Wealth Advisors LLC increased its holdings in Texas Roadhouse by 7.1% during the 3rd quarter. Fifth Third Wealth Advisors LLC now owns 2,493 shares of the restaurant operator’s stock worth $440,000 after purchasing an additional 166 shares during the period. Hedge funds and other 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.