Brokerages Set Texas Roadhouse, Inc. (NASDAQ:TXRH) Target Price at $171.85

Texas Roadhouse, Inc. (NASDAQ:TXRH) has received an average rating of “Hold” from the twenty-one brokerages that are covering the firm, MarketBeat Ratings reports. Twelve equities research analysts have rated the stock with a hold recommendation and nine have assigned a buy recommendation to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $171.85.

TXRH has been the subject of a number of analyst reports. Morgan Stanley boosted their price target on Texas Roadhouse from $155.00 to $162.00 and gave the company an “equal weight” rating in a report on Tuesday, July 16th. Wells Fargo & Company boosted their target price on shares of Texas Roadhouse from $165.00 to $175.00 and gave the company an “equal weight” rating in a research note on Friday, July 26th. BTIG Research raised their price target on shares of Texas Roadhouse from $175.00 to $190.00 and gave the company a “buy” rating in a research report on Friday, July 26th. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Texas Roadhouse from $190.00 to $193.00 and gave the stock a “buy” rating in a research report on Tuesday, July 16th. Finally, Royal Bank of Canada raised their target price on Texas Roadhouse from $165.00 to $175.00 and gave the company a “sector perform” rating in a research report on Friday, June 7th.

Institutional Trading of Texas Roadhouse

Large investors have recently bought and sold shares of the business. Point72 DIFC Ltd purchased a new position in Texas Roadhouse in the 2nd quarter worth approximately $127,000. Sanctuary Advisors LLC purchased a new position in Texas Roadhouse during the second quarter worth approximately $953,000. Maven Securities LTD acquired a new position in Texas Roadhouse during the second quarter worth $427,000. Cetera Investment Advisers grew its holdings in Texas Roadhouse by 125.1% in the 2nd quarter. Cetera Investment Advisers now owns 6,392 shares of the restaurant operator’s stock valued at $1,098,000 after buying an additional 3,553 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. grew its holdings in Texas Roadhouse by 41.0% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 684 shares of the restaurant operator’s stock valued at $117,000 after buying an additional 199 shares in the last quarter. Hedge funds and other institutional investors own 94.82% of the company’s stock.

Texas Roadhouse Price Performance

TXRH stock opened at $163.30 on Tuesday. The firm’s fifty day simple moving average is $167.82 and its 200-day simple moving average is $163.44. Texas Roadhouse has a 12 month low of $91.06 and a 12 month high of $177.72. The company has a market capitalization of $10.91 billion, a P/E ratio of 33.06, a price-to-earnings-growth ratio of 1.46 and a beta of 0.99.

Texas Roadhouse (NASDAQ:TXRH) last announced its quarterly earnings results on Thursday, July 25th. The restaurant operator reported $1.79 earnings per share for the quarter, topping the consensus estimate of $1.64 by $0.15. The company had revenue of $1.34 billion for the quarter, compared to the consensus estimate of $1.34 billion. Texas Roadhouse had a return on equity of 30.94% and a net margin of 7.47%. The firm’s revenue for the quarter was up 14.5% compared to the same quarter last year. During the same period last year, the firm earned $1.22 EPS. As a group, sell-side analysts forecast that Texas Roadhouse will post 6.32 earnings per share for the current year.

Texas Roadhouse Announces Dividend

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

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.