Texas Roadhouse (NASDAQ:TXRH) Given New $174.00 Price Target at Citigroup

Texas Roadhouse (NASDAQ:TXRH) had its target price lowered by Citigroup from $176.00 to $174.00 in a research note published on Friday morning,Benzinga reports. The brokerage currently has a neutral rating on the restaurant operator’s stock.

A number of other analysts also recently commented on TXRH. Royal Bank Of Canada increased their price target on Texas Roadhouse from $175.00 to $180.00 and gave the company a “sector perform” rating in a research report on Friday. Wells Fargo & Company decreased their price target on Texas Roadhouse from $220.00 to $200.00 and set an “overweight” rating for the company in a research report on Thursday, April 16th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $200.00 price target on shares of Texas Roadhouse in a research report on Friday. Benchmark reaffirmed a “hold” rating on shares of Texas Roadhouse in a research report on Monday, February 23rd. Finally, BMO Capital Markets reaffirmed a “market perform” rating and set a $165.00 price target on shares of Texas Roadhouse in a research report on Friday, February 20th. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and fourteen have assigned a Hold rating to the company. According to data from MarketBeat, Texas Roadhouse has a consensus rating of “Hold” and a consensus target price of $193.90.

Texas Roadhouse Trading Up 12.3%

Shares of TXRH opened at $177.30 on Friday. The company has a market capitalization of $11.69 billion, a price-to-earnings ratio of 28.32, a PEG ratio of 1.81 and a beta of 0.77. The stock has a 50 day moving average of $166.81 and a 200 day moving average of $172.64. Texas Roadhouse has a 12 month low of $153.82 and a 12 month high of $199.99.

Texas Roadhouse (NASDAQ:TXRH) last issued its quarterly earnings results on Thursday, May 7th. The restaurant operator reported $1.87 EPS for the quarter, beating analysts’ consensus estimates of $1.80 by $0.07. The company had revenue of $1.63 billion during the quarter, compared to the consensus estimate of $1.64 billion. Texas Roadhouse had a return on equity of 28.17% and a net margin of 6.85%.Texas Roadhouse’s revenue was up 10.5% on a year-over-year basis. During the same period last year, the business posted $1.70 earnings per share. As a group, equities research analysts predict that Texas Roadhouse will post 6.33 earnings per share for the current year.

Texas Roadhouse Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 2nd will be issued a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a yield of 1.7%. The ex-dividend date of this dividend is Tuesday, June 2nd. Texas Roadhouse’s dividend payout ratio is 49.26%.

Insider Buying and Selling at Texas Roadhouse

In other Texas Roadhouse news, Director Gregory N. Moore sold 1,700 shares of the stock in a transaction on Friday, March 6th. The stock was sold at an average price of $171.59, for a total transaction of $291,703.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Hugh J. Carroll sold 988 shares of the stock in a transaction on Monday, March 16th. The shares were sold at an average price of $170.96, for a total value of $168,908.48. Following the transaction, the director directly owned 866 shares of the company’s stock, valued at approximately $148,051.36. This trade represents a 53.29% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 12,988 shares of company stock valued at $2,218,144 in the last quarter. Insiders own 0.50% of the company’s stock.

Hedge Funds Weigh In On Texas Roadhouse

Several institutional investors and hedge funds have recently bought and sold shares of TXRH. Evergreen Capital Management LLC grew its position in shares of Texas Roadhouse by 1.7% in the fourth quarter. Evergreen Capital Management LLC now owns 3,644 shares of the restaurant operator’s stock valued at $605,000 after purchasing an additional 60 shares in the last quarter. &PARTNERS lifted its holdings in Texas Roadhouse by 3.5% during the 4th quarter. &PARTNERS now owns 1,820 shares of the restaurant operator’s stock worth $302,000 after purchasing an additional 61 shares in the last quarter. Fifth Third Bancorp lifted its holdings in Texas Roadhouse by 11.6% during the 4th quarter. Fifth Third Bancorp now owns 644 shares of the restaurant operator’s stock worth $107,000 after purchasing an additional 67 shares in the last quarter. Beacon Investment Advisors LLC lifted its holdings in Texas Roadhouse by 1.4% during the 4th quarter. Beacon Investment Advisors LLC now owns 5,338 shares of the restaurant operator’s stock worth $886,000 after purchasing an additional 72 shares in the last quarter. Finally, Compound Planning Inc. lifted its holdings in Texas Roadhouse by 5.6% during the 4th quarter. Compound Planning Inc. now owns 1,408 shares of the restaurant operator’s stock worth $234,000 after purchasing an additional 75 shares in the last quarter. 94.82% of the stock is owned by institutional investors.

More Texas Roadhouse News

Here are the key news stories impacting Texas Roadhouse this week:

• Positive Sentiment: Texas Roadhouse reported first-quarter EPS of $1.87, ahead of consensus estimates, while revenue rose 10.5% year over year to $1.63 billion, signaling continued demand for its restaurants.
• Positive Sentiment: The company raised its quarterly dividend to $0.75 per share, reinforcing management’s confidence in cash generation and giving income-focused investors a larger payout.
• Positive Sentiment: Several market headlines pointed to the stock surging after the earnings release, suggesting investors viewed the quarter as better than expected overall, despite a slight revenue miss versus estimates.
• Neutral Sentiment: Analysts and commentary were mixed on the report: earnings were strong, but revenue came in slightly below expectations, keeping some caution around how much upside is left after the post-earnings move.
• Neutral Sentiment: A Seeking Alpha piece on May 8 upgraded the stock, but described upside potential as only moderate, implying the shares may be fairly valued after the recent run-up. Texas Roadhouse: It Hasn’t Bottomed Out Yet, But Upside Potential Is Medium Well (Rating Upgrade)

Texas Roadhouse Company Profile

Texas Roadhouse, Inc is a casual dining restaurant chain specializing in hand‐cut steaks, fall‐off‐the‐bone ribs, chicken, seafood and house specialties. Each restaurant features a Western‐themed décor, open kitchens and a signature line dance presentation of fresh, made‐from‐scratch sides and breads. The company emphasizes an energetic dining experience, focusing on hospitality, value and a family‐friendly environment.

The concept was created in 1993 by founder Kent Taylor, who sought to combine high‐quality steaks with an approachable, community‐oriented atmosphere.