UBS Group Boosts Texas Roadhouse (NASDAQ:TXRH) Price Target to $210.00

Texas Roadhouse (NASDAQ:TXRH) had its price target boosted by UBS Group from $200.00 to $210.00 in a research note issued to investors on Friday, Benzinga reports. The brokerage currently has a buy rating on the restaurant operator’s stock.

Several other research firms also recently commented on TXRH. Stifel Nicolaus upped their price objective on shares of Texas Roadhouse from $180.00 to $195.00 and gave the company a “hold” rating in a report on Friday. Robert W. Baird upped their price target on shares of Texas Roadhouse from $190.00 to $205.00 and gave the company an “outperform” rating in a report on Friday. Citigroup lifted their price objective on Texas Roadhouse from $192.00 to $201.00 and gave the company a “buy” rating in a research note on Tuesday, October 1st. Royal Bank of Canada upped their target price on Texas Roadhouse from $175.00 to $185.00 and gave the stock a “sector perform” rating in a research note on Friday. Finally, Wedbush boosted their price target on Texas Roadhouse from $190.00 to $200.00 and gave the company an “outperform” rating in a report on Friday. Twelve analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat.com, Texas Roadhouse currently has an average rating of “Hold” and a consensus target price of $189.00.

Texas Roadhouse Price Performance

Shares of TXRH stock opened at $188.11 on Friday. The stock’s fifty day moving average price is $172.41 and its 200 day moving average price is $168.59. Texas Roadhouse has a 1-year low of $98.18 and a 1-year high of $189.97. The company has a market cap of $12.54 billion, a price-to-earnings ratio of 32.34, a price-to-earnings-growth ratio of 1.59 and a beta of 0.99.

Texas Roadhouse (NASDAQ:TXRH) last posted 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 $1.32 by ($0.06). The company had revenue of $1.27 billion during the quarter, compared to analysts’ expectations of $1.27 billion. Texas Roadhouse had a return on equity of 31.33% and a net margin of 7.65%. The company’s quarterly revenue was up 13.5% on a year-over-year basis. During the same period in the prior year, the business posted $0.95 EPS. As a group, equities research analysts anticipate that Texas Roadhouse will post 6.38 earnings per share for the current year.

Texas Roadhouse Dividend Announcement

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

Hedge Funds Weigh In On Texas Roadhouse

A number of institutional investors and hedge funds have recently bought and sold shares of TXRH. Ontario Teachers Pension Plan Board purchased a new stake in shares of Texas Roadhouse in the 1st quarter valued at approximately $2,338,000. Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of Texas Roadhouse in the 1st quarter valued at approximately $4,522,000. Sei Investments Co. grew its stake in shares of Texas Roadhouse by 31.6% during the first quarter. Sei Investments Co. now owns 73,707 shares of the restaurant operator’s stock worth $11,385,000 after purchasing an additional 17,691 shares in the last quarter. Vanguard Group Inc. increased its holdings in shares of Texas Roadhouse by 0.8% in the 1st quarter. Vanguard Group Inc. now owns 6,476,056 shares of the restaurant operator’s stock valued at $1,000,356,000 after acquiring an additional 53,419 shares during the last quarter. Finally, SG Americas Securities LLC raised its holdings in Texas Roadhouse by 200.6% during the second quarter. SG Americas Securities LLC now owns 19,067 shares of the restaurant operator’s stock worth $3,274,000 after purchasing an additional 12,725 shares in the last quarter. 94.82% of the stock is currently owned by institutional investors and hedge funds.

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.