Texas Roadhouse, Inc. (NASDAQ:TXRH) Receives $171.85 Average Target Price from Analysts

Shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) have been given an average rating of “Hold” by the twenty-one brokerages that are presently covering the company, Marketbeat Ratings reports. Twelve analysts have rated the stock with a hold rating and nine have issued a buy rating on the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $171.85.

A number of equities analysts have issued reports on the company. Bank of America raised their target price on Texas Roadhouse from $189.00 to $205.00 and gave the stock a “buy” rating in a report on Wednesday, July 17th. Evercore ISI boosted their price objective on shares of Texas Roadhouse from $175.00 to $195.00 and gave the company an “outperform” rating in a report on Friday, July 26th. Royal Bank of Canada increased their target price on shares of Texas Roadhouse from $165.00 to $175.00 and gave the stock a “sector perform” rating in a report on Friday, June 7th. Truist Financial boosted their price target on shares of Texas Roadhouse from $185.00 to $196.00 and gave the company a “buy” rating in a report on Friday, July 26th. Finally, Wells Fargo & Company raised their price objective on Texas Roadhouse from $165.00 to $175.00 and gave the stock an “equal weight” rating in a research note on Friday, July 26th.

Texas Roadhouse Price Performance

TXRH opened at $161.85 on Tuesday. The firm has a 50 day simple moving average of $168.12 and a 200 day simple moving average of $163.04. Texas Roadhouse has a fifty-two week low of $91.06 and a fifty-two week high of $177.72. The company has a market cap of $10.81 billion, a price-to-earnings ratio of 32.76, a price-to-earnings-growth ratio of 1.46 and a beta of 0.99.

Texas Roadhouse (NASDAQ:TXRH) last issued its earnings results on Thursday, July 25th. The restaurant operator reported $1.79 EPS for the quarter, beating the consensus estimate of $1.64 by $0.15. Texas Roadhouse had a net margin of 7.47% and a return on equity of 30.94%. The company had revenue of $1.34 billion during the quarter, compared to analysts’ expectations of $1.34 billion. During the same quarter in the previous year, the company posted $1.22 EPS. The business’s revenue for the quarter was up 14.5% compared to the same quarter last year. As a group, analysts expect that Texas Roadhouse will post 6.32 EPS for the current year.

Texas Roadhouse Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 24th. Stockholders of record on Wednesday, September 4th will be issued a $0.61 dividend. The ex-dividend date of this dividend is Wednesday, September 4th. This represents a $2.44 dividend on an annualized basis and a dividend yield of 1.51%. Texas Roadhouse’s dividend payout ratio (DPR) is presently 49.39%.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in TXRH. Benjamin F. Edwards & Company Inc. lifted its position in Texas Roadhouse by 12.9% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 743 shares of the restaurant operator’s stock worth $128,000 after buying an additional 85 shares in the last quarter. Gries Financial LLC raised its holdings in Texas Roadhouse by 6.5% during the second quarter. Gries Financial LLC now owns 1,876 shares of the restaurant operator’s stock worth $322,000 after acquiring an additional 114 shares in the last quarter. Advisors Asset Management Inc. raised its holdings in Texas Roadhouse by 4.8% during the first quarter. Advisors Asset Management Inc. now owns 2,679 shares of the restaurant operator’s stock worth $414,000 after acquiring an additional 122 shares in the last quarter. Signaturefd LLC boosted its position in Texas Roadhouse by 8.0% during the second quarter. Signaturefd LLC now owns 1,883 shares of the restaurant operator’s stock valued at $323,000 after purchasing an additional 140 shares during the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. bought a new position in Texas Roadhouse in the second quarter valued at approximately $25,000. 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.