Texas Roadhouse (NASDAQ:TXRH) Price Target Raised to $205.00

by · The Markets Daily

Texas Roadhouse (NASDAQ:TXRH – Free Report) had its price target increased by Robert W. Baird from $190.00 to $205.00 in a report published on Friday, Benzinga reports. The firm currently has an outperform rating on the restaurant operator’s stock.

TXRH has been the subject of several other reports. Citigroup increased their price objective on Texas Roadhouse from $192.00 to $201.00 and gave the company a “buy” rating in a report on Tuesday, October 1st. JPMorgan Chase & Co. decreased their price objective on Texas Roadhouse from $184.00 to $180.00 and set a “neutral” rating for the company in a report on Monday, July 29th. Wells Fargo & Company increased their price target on Texas Roadhouse from $165.00 to $175.00 and gave the stock an “equal weight” rating in a report on Friday, July 26th. Wedbush reaffirmed an “outperform” rating and set a $190.00 price target on shares of Texas Roadhouse in a report on Tuesday, September 24th. Finally, Truist Financial increased their price target on Texas Roadhouse from $196.00 to $202.00 and gave the stock a “buy” rating in a report on Friday, October 4th. Twelve investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $188.00.

Get Our Latest Stock Analysis on TXRH

Texas Roadhouse Trading Up 3.6 %

TXRH stock opened at $187.38 on Friday. The company has a market capitalization of $12.49 billion, a P/E ratio of 32.20, a PEG ratio of 1.59 and a beta of 0.99. Texas Roadhouse has a twelve month low of $93.79 and a twelve month high of $189.97. The business has a 50 day simple moving average of $172.41 and a 200-day simple moving average of $168.45.

Texas Roadhouse (NASDAQ:TXRH – Get Free Report) last posted its quarterly earnings data on Thursday, October 24th. The restaurant operator reported $1.26 earnings per share for the quarter, missing the consensus estimate of $1.33 by ($0.07). The firm had revenue of $1.27 billion during the quarter, compared to analyst estimates of $1.27 billion. Texas Roadhouse had a net margin of 7.65% and a return on equity of 31.33%. Texas Roadhouse’s revenue was up 13.5% compared to the same quarter last year. During the same period in the previous year, the company posted $0.95 earnings per share. Research analysts predict that Texas Roadhouse will post 6.38 EPS for the current fiscal year.

Texas Roadhouse Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 24th. Stockholders of record on Wednesday, September 4th were given a $0.61 dividend. This represents a $2.44 dividend on an annualized basis and a dividend yield of 1.30%. The ex-dividend date was Wednesday, September 4th. Texas Roadhouse’s dividend payout ratio is currently 41.92%.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the company. Chatham Capital Group Inc. increased its position in Texas Roadhouse by 11.5% during the 1st quarter. Chatham Capital Group Inc. now owns 23,120 shares of the restaurant operator’s stock worth $3,571,000 after purchasing an additional 2,390 shares in the last quarter. Allspring Global Investments Holdings LLC increased its position in Texas Roadhouse by 54.2% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 84,886 shares of the restaurant operator’s stock worth $13,112,000 after purchasing an additional 29,833 shares in the last quarter. Edmonds Duncan Registered Investment Advisors LLC purchased a new stake in Texas Roadhouse during the 1st quarter worth about $274,000. State of Michigan Retirement System increased its position in Texas Roadhouse by 2.5% during the 1st quarter. State of Michigan Retirement System now owns 16,378 shares of the restaurant operator’s stock worth $2,530,000 after purchasing an additional 400 shares in the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. increased its position in Texas Roadhouse by 32.5% during the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 12,338 shares of the restaurant operator’s stock worth $1,906,000 after purchasing an additional 3,026 shares in the last quarter. Hedge funds and other institutional investors own 94.82% of the company’s stock.

Texas Roadhouse Company Profile

(Get Free Report)

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.

Recommended Stories