Texas Roadhouse (NASDAQ:TXRH) Reaches New 1-Year High Following Analyst Upgrade

Texas Roadhouse, Inc. (NASDAQ:TXRH) hit a new 52-week high on Friday after UBS Group raised their price target on the stock from $200.00 to $210.00. UBS Group currently has a buy rating on the stock. Texas Roadhouse traded as high as $189.97 and last traded at $186.90, with a volume of 207128 shares traded. The stock had previously closed at $180.90.

TXRH has been the subject of a number of other reports. Barclays upped their price objective on Texas Roadhouse from $160.00 to $175.00 and gave the stock an “equal weight” rating in a research note on Friday. Wells Fargo & Company upped their target price on Texas Roadhouse from $165.00 to $175.00 and gave the company an “equal weight” rating in a research report on Friday, July 26th. Stifel Nicolaus upped their target price on Texas Roadhouse from $180.00 to $195.00 and gave the company a “hold” rating in a research report on Friday. Evercore ISI upped their target price on Texas Roadhouse from $195.00 to $200.00 and gave the company an “outperform” rating in a research report on Tuesday, October 15th. Finally, Robert W. Baird upped their target price on Texas Roadhouse from $190.00 to $205.00 and gave the company an “outperform” rating in a research report on Friday. Twelve investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Texas Roadhouse presently has an average rating of “Hold” and an average price target of $188.00.

Institutional Trading of Texas Roadhouse

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in Texas Roadhouse during the second quarter worth about $25,000. Hollencrest Capital Management acquired a new stake in Texas Roadhouse during the second quarter worth about $25,000. LRI Investments LLC acquired a new stake in Texas Roadhouse during the first quarter worth about $25,000. McClarren Financial Advisors Inc. grew its holdings in Texas Roadhouse by 4,175.0% during the second quarter. McClarren Financial Advisors Inc. now owns 171 shares of the restaurant operator’s stock worth $29,000 after acquiring an additional 167 shares during the period. Finally, PSI Advisors LLC grew its holdings in Texas Roadhouse by 70.8% during the third quarter. PSI Advisors LLC now owns 181 shares of the restaurant operator’s stock worth $32,000 after acquiring an additional 75 shares during the period. 94.82% of the stock is owned by institutional investors and hedge funds.

Texas Roadhouse Price Performance

The stock has a market capitalization of $12.49 billion, a price-to-earnings ratio of 34.01, a price-to-earnings-growth ratio of 1.61 and a beta of 0.99. The firm has a fifty day moving average of $172.41 and a 200 day moving average of $168.32.

Texas Roadhouse (NASDAQ:TXRH) last issued its quarterly earnings results on Thursday, October 24th. The restaurant operator reported $1.26 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.33 by ($0.07). The business had revenue of $1.27 billion for the quarter, compared to analysts’ expectations of $1.27 billion. Texas Roadhouse had a return on equity of 30.94% and a net margin of 7.47%. The business’s revenue for the quarter was up 13.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.95 EPS. Research analysts predict that Texas Roadhouse, Inc. will post 6.37 EPS for the current year.

Texas Roadhouse Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 24th. Shareholders of record on Wednesday, September 4th were given a dividend of $0.61 per share. The ex-dividend date was Wednesday, September 4th. This represents a $2.44 dividend on an annualized basis and a yield of 1.30%. Texas Roadhouse’s dividend payout ratio is currently 44.28%.

About Texas Roadhouse

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.