Texas Roadhouse, Inc. (NASDAQ:TXRH) Receives $189.00 Consensus Price Target from Brokerages

Texas Roadhouse, Inc. (NASDAQ:TXRH) has received a consensus rating of “Hold” from the twenty-three research firms that are covering the company, Marketbeat.com reports. Twelve investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $189.00.

Several analysts have weighed in on TXRH shares. BTIG Research lifted their target price on Texas Roadhouse from $175.00 to $190.00 and gave the company a “buy” rating in a research note on Friday, July 26th. Truist Financial lifted their price target on Texas Roadhouse from $202.00 to $207.00 and gave the company a “buy” rating in a research report on Friday, October 25th. Loop Capital lowered their price target on Texas Roadhouse from $215.00 to $209.00 and set a “buy” rating on the stock in a research report on Monday, October 28th. Evercore ISI lifted their price target on Texas Roadhouse from $195.00 to $200.00 and gave the company an “outperform” rating in a research report on Tuesday, October 15th. Finally, Stifel Nicolaus lifted their price target on Texas Roadhouse from $180.00 to $195.00 and gave the company a “hold” rating in a research report on Friday, October 25th.

Texas Roadhouse Price Performance

Shares of Texas Roadhouse stock opened at $189.17 on Wednesday. The business’s fifty day moving average price is $175.41 and its two-hundred day moving average price is $170.56. The company has a market capitalization of $12.61 billion, a P/E ratio of 32.50, a PEG ratio of 1.60 and a beta of 0.98. Texas Roadhouse has a 1-year low of $101.73 and a 1-year high of $196.29.

Texas Roadhouse (NASDAQ:TXRH) last announced its earnings results 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 business had revenue of $1.27 billion for the quarter, compared to the consensus estimate of $1.27 billion. Texas Roadhouse had a net margin of 7.65% and a return on equity of 31.33%. The firm’s revenue was up 13.5% on a year-over-year basis. During the same period in the previous year, the firm earned $0.95 EPS. On average, research analysts expect that Texas Roadhouse will post 6.37 earnings per share for the current fiscal year.

Texas Roadhouse Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 24th. Stockholders 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 dividend yield of 1.29%. Texas Roadhouse’s dividend payout ratio (DPR) is presently 41.92%.

Institutional Trading of Texas Roadhouse

Institutional investors have recently bought and sold shares of the company. LRI Investments LLC acquired a new stake in Texas Roadhouse during the first quarter valued at $25,000. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in Texas Roadhouse during the second quarter valued at $25,000. Hollencrest Capital Management acquired a new stake in Texas Roadhouse during the second quarter valued at $25,000. McClarren Financial Advisors Inc. boosted 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 valued at $29,000 after purchasing an additional 167 shares during the last quarter. Finally, PSI Advisors LLC boosted its position in Texas Roadhouse by 70.8% during the third 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. Institutional investors and hedge funds 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.