Barclays Raises Texas Roadhouse (NASDAQ:TXRH) Price Target to $175.00

Texas Roadhouse (NASDAQ:TXRH) had its price objective upped by Barclays from $160.00 to $175.00 in a research note published on Friday, Benzinga reports. They currently have an equal weight rating on the restaurant operator’s stock.

A number of other equities analysts have also recently issued reports on TXRH. Wedbush reiterated an “outperform” rating and issued a $190.00 price target on shares of Texas Roadhouse in a research note on Tuesday, September 24th. BTIG Research upped their target price 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. Robert W. Baird raised their price target on shares of Texas Roadhouse from $190.00 to $205.00 and gave the company an “outperform” rating in a research report on Friday. Stephens upped their price objective on Texas Roadhouse from $170.00 to $176.00 and gave the company an “equal weight” rating in a research report on Monday, July 29th. Finally, Stifel Nicolaus increased their target price on Texas Roadhouse from $180.00 to $195.00 and gave the company a “hold” rating in a research note on Friday. Twelve analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $189.00.

Texas Roadhouse Stock Performance

TXRH stock opened at $188.11 on Friday. The firm has a market capitalization of $12.54 billion, a price-to-earnings ratio of 32.32, a PEG ratio of 1.59 and a beta of 0.99. The firm has a 50 day moving average price of $172.41 and a 200-day moving average price of $168.59. Texas Roadhouse has a 52-week low of $98.18 and a 52-week high of $189.97.

Texas Roadhouse (NASDAQ:TXRH) last announced its quarterly earnings data 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). Texas Roadhouse had a net margin of 7.65% and a return on equity of 31.33%. The company had revenue of $1.27 billion for the quarter, compared to analysts’ expectations of $1.27 billion. During the same quarter in the previous year, the firm posted $0.95 EPS. The firm’s quarterly revenue was up 13.5% compared to the same quarter last year. As a group, sell-side analysts forecast that Texas Roadhouse will post 6.38 earnings per share for the current fiscal 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 $0.61 dividend. The ex-dividend date was Wednesday, September 4th. This represents a $2.44 annualized dividend and a yield of 1.30%. Texas Roadhouse’s payout ratio is presently 41.92%.

Hedge Funds Weigh In On Texas Roadhouse

A number of institutional investors have recently bought and sold shares of TXRH. Marshall Wace LLP grew its holdings in Texas Roadhouse by 128.9% during the second quarter. Marshall Wace LLP now owns 765,096 shares of the restaurant operator’s stock valued at $131,375,000 after purchasing an additional 430,814 shares during the period. AQR Capital Management LLC lifted its position in shares of Texas Roadhouse by 22.3% during the 2nd quarter. AQR Capital Management LLC now owns 909,847 shares of the restaurant operator’s stock valued at $156,230,000 after buying an additional 165,738 shares in the last quarter. Davidson Kempner Capital Management LP purchased a new stake in Texas Roadhouse in the 2nd quarter worth approximately $21,462,000. Millennium Management LLC increased its holdings in Texas Roadhouse by 25.0% in the 2nd quarter. Millennium Management LLC now owns 583,009 shares of the restaurant operator’s stock worth $100,108,000 after acquiring an additional 116,721 shares in the last quarter. Finally, Bahl & Gaynor Inc. raised its stake in Texas Roadhouse by 3,259.4% during the 1st quarter. Bahl & Gaynor Inc. now owns 92,350 shares of the restaurant operator’s stock worth $14,265,000 after acquiring an additional 89,601 shares during the period. 94.82% of the stock is owned by institutional investors.

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.