Analysts Set Texas Roadhouse, Inc. (NASDAQ:TXRH) Target Price at $189.00

Shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) have earned an average recommendation of “Hold” from the twenty-three brokerages that are covering the company, Marketbeat Ratings reports. Twelve research analysts have rated the stock with a hold recommendation and eleven have issued a buy recommendation on the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $189.00.

TXRH has been the subject of a number of recent analyst reports. Guggenheim raised their price objective on shares of Texas Roadhouse from $190.00 to $195.00 and gave the stock a “buy” rating in a research note on Wednesday, September 25th. JPMorgan Chase & Co. lowered their price target on Texas Roadhouse from $184.00 to $180.00 and set a “neutral” rating on the stock in a report on Monday, July 29th. Morgan Stanley increased their price objective on Texas Roadhouse from $200.00 to $205.00 and gave the stock an “equal weight” rating in a research note on Friday, October 25th. Deutsche Bank Aktiengesellschaft lifted their target price on Texas Roadhouse from $190.00 to $193.00 and gave the company a “buy” rating in a research note on Tuesday, July 16th. Finally, Royal Bank of Canada increased their price target on shares of Texas Roadhouse from $175.00 to $185.00 and gave the stock a “sector perform” rating in a research report on Friday, October 25th.

Institutional Investors Weigh In On Texas Roadhouse

Hedge funds and other institutional investors have recently made changes to their positions in the business. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in Texas Roadhouse in the 2nd quarter valued at approximately $25,000. Hollencrest Capital Management bought a new stake in shares of Texas Roadhouse in the second quarter valued at approximately $25,000. LRI Investments LLC acquired a new stake in shares of Texas Roadhouse in the first quarter worth $25,000. McClarren Financial Advisors Inc. increased its position in Texas Roadhouse by 4,175.0% during the second quarter. McClarren Financial Advisors Inc. now owns 171 shares of the restaurant operator’s stock worth $29,000 after acquiring an additional 167 shares during the period. Finally, PSI Advisors LLC raised its stake in Texas Roadhouse by 70.8% during the 3rd quarter. PSI Advisors LLC now owns 181 shares of the restaurant operator’s stock valued at $32,000 after purchasing an additional 75 shares during the last quarter. 94.82% of the stock is owned by institutional investors and hedge funds.

Texas Roadhouse Stock Down 1.9 %

TXRH opened at $187.52 on Wednesday. The business has a fifty day simple moving average of $174.66 and a 200-day simple moving average of $169.77. The firm has a market cap of $12.50 billion, a PE ratio of 32.22, a P/E/G ratio of 1.66 and a beta of 0.99. Texas Roadhouse has a fifty-two week low of $101.73 and a fifty-two week high of $196.29.

Texas Roadhouse (NASDAQ:TXRH) last issued its quarterly earnings results on Thursday, October 24th. The restaurant operator reported $1.26 earnings per share for the quarter, missing analysts’ consensus estimates of $1.32 by ($0.06). Texas Roadhouse had a return on equity of 31.33% and a net margin of 7.65%. The company had revenue of $1.27 billion during the quarter, compared to analysts’ expectations of $1.27 billion. During the same period in the prior year, the business posted $0.95 EPS. The company’s revenue for the quarter was up 13.5% compared to the same quarter last year. On average, equities research analysts anticipate that Texas Roadhouse will post 6.37 EPS for the current fiscal year.

Texas Roadhouse Dividend Announcement

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

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.