Texas Roadhouse (NASDAQ:TXRH) Price Target Raised to $200.00

Texas Roadhouse (NASDAQ:TXRH) had its price target raised by Evercore ISI from $195.00 to $200.00 in a research report report published on Tuesday morning, Benzinga reports. Evercore ISI currently has an outperform rating on the restaurant operator’s stock.

A number of other brokerages also recently commented on TXRH. Citigroup boosted their price objective on shares of Texas Roadhouse from $192.00 to $201.00 and gave the company a “buy” rating in a research report on Tuesday, October 1st. BTIG Research upped their price target on shares of Texas Roadhouse from $175.00 to $190.00 and gave the stock a “buy” rating in a research note on Friday, July 26th. JPMorgan Chase & Co. cut 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. Stephens boosted their target price on Texas Roadhouse from $170.00 to $176.00 and gave the company an “equal weight” rating in a research note on Monday, July 29th. Finally, Guggenheim raised their price target on Texas Roadhouse from $190.00 to $195.00 and gave the stock a “buy” rating in a research note on Wednesday, September 25th. Twelve investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat, Texas Roadhouse currently has an average rating of “Hold” and a consensus target price of $177.15.

Texas Roadhouse Stock Performance

Shares of NASDAQ:TXRH opened at $182.30 on Tuesday. The firm has a 50 day simple moving average of $170.74 and a 200 day simple moving average of $167.04. Texas Roadhouse has a 52 week low of $93.79 and a 52 week high of $184.19. The company has a market cap of $12.16 billion, a PE ratio of 33.09, a price-to-earnings-growth ratio of 1.59 and a beta of 0.99.

Texas Roadhouse (NASDAQ:TXRH) last released its earnings results on Thursday, July 25th. The restaurant operator reported $1.79 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.64 by $0.15. The company had revenue of $1.34 billion during the quarter, compared to analyst estimates of $1.34 billion. Texas Roadhouse had a return on equity of 30.94% and a net margin of 7.47%. The company’s revenue for the quarter was up 14.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.22 earnings per share. On average, equities analysts predict that Texas Roadhouse will post 6.34 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. Shareholders 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 yield of 1.34%. The ex-dividend date of this dividend was Wednesday, September 4th. Texas Roadhouse’s payout ratio is 44.28%.

Hedge Funds Weigh In On Texas Roadhouse

Hedge funds have recently modified their holdings of the stock. Thurston Springer Miller Herd & Titak Inc. bought a new stake in Texas Roadhouse in the second quarter valued at $25,000. Hollencrest Capital Management acquired a new stake in shares of Texas Roadhouse in the 2nd quarter valued at $25,000. LRI Investments LLC bought a new stake in shares of Texas Roadhouse in the 1st quarter worth about $25,000. McClarren Financial Advisors Inc. increased its position in shares of Texas Roadhouse by 4,175.0% during the 2nd quarter. McClarren Financial Advisors Inc. now owns 171 shares of the restaurant operator’s stock worth $29,000 after purchasing an additional 167 shares in the last quarter. Finally, Rise Advisors LLC acquired a new stake in shares of Texas Roadhouse during the 1st quarter worth about $32,000. 94.82% of the stock is 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.