Texas Roadhouse (NASDAQ:TXRH) Price Target Increased to $195.00 by Analysts at Stifel Nicolaus

Texas Roadhouse (NASDAQ:TXRH) had its target price boosted by Stifel Nicolaus from $180.00 to $195.00 in a research note issued to investors on Friday, Benzinga reports. Stifel Nicolaus currently has a hold rating on the restaurant operator’s stock.

Several other research firms have also recently issued reports on TXRH. Evercore ISI increased their price objective on shares of Texas Roadhouse from $195.00 to $200.00 and gave the company an “outperform” rating in a report on Tuesday, October 15th. 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 note on Friday, July 26th. Citigroup boosted their price objective on Texas Roadhouse from $192.00 to $201.00 and gave the stock a “buy” rating in a research note on Tuesday, October 1st. Bank of America raised their target price on Texas Roadhouse from $206.00 to $234.00 and gave the company a “buy” rating in a research note on Tuesday, October 22nd. Finally, Wedbush reissued an “outperform” rating and issued a $190.00 price target on shares of Texas Roadhouse in a report on Tuesday, September 24th. Twelve investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat.com, Texas Roadhouse presently has an average rating of “Hold” and a consensus target price of $189.00.

Texas Roadhouse Stock Performance

Shares of TXRH stock opened at $188.11 on Friday. Texas Roadhouse has a 1 year low of $98.18 and a 1 year high of $189.97. The firm has a market capitalization of $12.54 billion, a PE ratio of 32.32, a price-to-earnings-growth ratio of 1.59 and a beta of 0.99. The stock has a fifty day moving average of $172.41 and a two-hundred day moving average of $168.59.

Texas Roadhouse (NASDAQ:TXRH) last posted its quarterly earnings data on Thursday, October 24th. The restaurant operator reported $1.26 earnings per share for the quarter, missing the consensus estimate of $1.32 by ($0.06). The company 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 business’s revenue for the quarter was up 13.5% compared to the same quarter last year. During the same period in the previous year, the company earned $0.95 EPS. Equities research analysts predict that Texas Roadhouse will post 6.38 earnings per share for the current fiscal year.

Texas Roadhouse Dividend Announcement

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

Hedge Funds Weigh In On Texas Roadhouse

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