Texas Roadhouse, Inc. (NASDAQ:TXRH) Receives $171.85 Average PT from Brokerages

Texas Roadhouse, Inc. (NASDAQ:TXRH) has received a consensus recommendation of “Hold” from the twenty-one ratings firms that are presently covering the firm, Marketbeat reports. Twelve investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $171.85.

TXRH has been the subject of a number of research reports. Evercore ISI boosted their price target on Texas Roadhouse from $175.00 to $195.00 and gave the company an “outperform” rating in a report on Friday, July 26th. Wells Fargo & Company upped their target price on Texas Roadhouse from $165.00 to $175.00 and gave the stock an “equal weight” rating in a report on Friday, July 26th. Wedbush raised their price target on Texas Roadhouse from $180.00 to $190.00 and gave the company an “outperform” rating in a research note on Friday, July 19th. BTIG Research upped their price objective 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. Finally, Morgan Stanley increased their target price on shares of Texas Roadhouse from $155.00 to $162.00 and gave the stock an “equal weight” rating in a report on Tuesday, July 16th.

Texas Roadhouse Trading Down 0.4 %

NASDAQ:TXRH opened at $163.30 on Tuesday. The company has a market cap of $10.91 billion, a price-to-earnings ratio of 33.06, a price-to-earnings-growth ratio of 1.46 and a beta of 0.99. Texas Roadhouse has a twelve month low of $91.06 and a twelve month high of $177.72. The stock has a fifty day simple moving average of $167.82 and a 200-day simple moving average of $163.44.

Texas Roadhouse (NASDAQ:TXRH) last announced its quarterly earnings data on Thursday, July 25th. The restaurant operator reported $1.79 earnings per share 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 net margin of 7.47% and a return on equity of 30.94%. The firm’s revenue for the quarter was up 14.5% on a year-over-year basis. During the same quarter last year, the business posted $1.22 EPS. As a group, equities research analysts predict that Texas Roadhouse will post 6.32 EPS for the current fiscal year.

Texas Roadhouse Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 24th. Shareholders of record on Wednesday, September 4th will be issued a $0.61 dividend. This represents a $2.44 annualized dividend and a yield of 1.49%. The ex-dividend date is Wednesday, September 4th. Texas Roadhouse’s dividend payout ratio is presently 49.39%.

Hedge Funds Weigh In On Texas Roadhouse

Several hedge funds and other institutional investors have recently modified their holdings of the stock. LRI Investments LLC acquired a new position in Texas Roadhouse during the 1st quarter valued at approximately $25,000. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of Texas Roadhouse during the second quarter valued at $25,000. Hollencrest Capital Management acquired a new position in shares of Texas Roadhouse in the 2nd quarter valued at $25,000. McClarren Financial Advisors Inc. raised its stake in Texas Roadhouse by 4,175.0% in the 2nd 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 last quarter. Finally, Rise Advisors LLC acquired a new stake in Texas Roadhouse during the 1st quarter worth about $32,000. 94.82% of the stock is owned by hedge funds and other institutional investors.

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.