Texas Roadhouse (NASDAQ:TXRH) Price Target Lowered to $209.00 at Loop Capital

Texas Roadhouse (NASDAQ:TXRH) had its price objective trimmed by Loop Capital from $215.00 to $209.00 in a research report released on Monday morning, Benzinga reports. The firm currently has a buy rating on the restaurant operator’s stock.

A number of other equities analysts have also weighed in on the company. BTIG Research increased their price target on Texas Roadhouse from $175.00 to $190.00 and gave the company a “buy” rating in a research report on Friday, July 26th. Stephens raised their target price on shares of Texas Roadhouse from $170.00 to $176.00 and gave the stock an “equal weight” rating in a report on Monday, July 29th. Morgan Stanley boosted their price target on shares of Texas Roadhouse from $200.00 to $205.00 and gave the company an “equal weight” rating in a report on Friday, October 25th. BMO Capital Markets raised their price objective on shares of Texas Roadhouse from $155.00 to $162.00 and gave the stock a “market perform” rating in a research note on Friday, October 25th. Finally, Citigroup boosted their target price on shares of Texas Roadhouse from $192.00 to $201.00 and gave the company a “buy” rating in a research note on Tuesday, October 1st. Twelve equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat.com, Texas Roadhouse currently has an average rating of “Hold” and an average price target of $189.00.

Texas Roadhouse Trading Down 1.5 %

Shares of NASDAQ TXRH opened at $191.12 on Monday. The firm has a 50-day moving average of $174.28 and a two-hundred day moving average of $169.50. Texas Roadhouse has a twelve month low of $98.18 and a twelve month high of $196.29. The company has a market capitalization of $12.74 billion, a price-to-earnings ratio of 32.84, a PEG 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 the consensus estimate of $1.32 by ($0.06). The business had revenue of $1.27 billion during the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same quarter last year, the firm posted $0.95 EPS. As a group, research analysts predict that Texas Roadhouse will post 6.38 earnings per share for the current year.

Texas Roadhouse Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 24th. Stockholders of record on Wednesday, September 4th were issued a dividend of $0.61 per share. This represents a $2.44 dividend on an annualized basis and a dividend yield of 1.28%. The ex-dividend date was Wednesday, September 4th. Texas Roadhouse’s dividend payout ratio is 41.92%.

Institutional Investors Weigh In On Texas Roadhouse

Large investors have recently added to or reduced their stakes in the stock. Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of Texas Roadhouse during the 2nd quarter worth $25,000. Hollencrest Capital Management bought a new stake in Texas Roadhouse during the second quarter valued at about $25,000. LRI Investments LLC acquired a new stake in shares of Texas Roadhouse in the first quarter valued at about $25,000. McClarren Financial Advisors Inc. increased its stake in shares of Texas Roadhouse by 4,175.0% in the second quarter. McClarren Financial Advisors Inc. now owns 171 shares of the restaurant operator’s stock worth $29,000 after purchasing an additional 167 shares during the period. Finally, PSI Advisors LLC lifted its position in shares of Texas Roadhouse by 70.8% during the 3rd quarter. PSI Advisors LLC now owns 181 shares of the restaurant operator’s stock worth $32,000 after purchasing an additional 75 shares during the last quarter. Institutional investors own 94.82% of the company’s stock.

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.