Texas Roadhouse (NASDAQ:TXRH) Price Target Increased to $175.00 by Analysts at Barclays

Texas Roadhouse (NASDAQ:TXRH) had its price objective boosted by Barclays from $160.00 to $175.00 in a research note released on Friday morning, Benzinga reports. The firm currently has an equal weight rating on the restaurant operator’s stock.

Several other equities analysts also recently commented on TXRH. BTIG Research upped their price objective on shares of Texas Roadhouse from $175.00 to $190.00 and gave the company a “buy” rating in a research note on Friday, July 26th. Wells Fargo & Company upped their price objective 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. Guggenheim increased their price target 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. Morgan Stanley increased their price target on shares of Texas Roadhouse from $200.00 to $205.00 and gave the stock an “equal weight” rating in a research note on Friday. Finally, JPMorgan Chase & Co. decreased their price target on shares of Texas Roadhouse from $184.00 to $180.00 and set a “neutral” rating for the company in a research note on Monday, July 29th. Twelve investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat.com, Texas Roadhouse currently has a consensus rating of “Hold” and a consensus price target of $188.00.

Texas Roadhouse Price Performance

NASDAQ TXRH traded up $6.48 during trading on Friday, hitting $187.38. 1,488,827 shares of the company’s stock traded hands, compared to its average volume of 772,449. The stock has a fifty day moving average of $172.41 and a two-hundred day moving average of $168.32. Texas Roadhouse has a 12-month low of $93.79 and a 12-month high of $189.97. The firm has a market cap of $12.49 billion, a P/E ratio of 34.01, a PEG ratio of 1.61 and a beta of 0.99.

Texas Roadhouse (NASDAQ:TXRH) last issued its quarterly earnings data on Thursday, October 24th. The restaurant operator reported $1.26 EPS for the quarter, missing the consensus estimate of $1.33 by ($0.07). The firm 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 7.47% and a return on equity of 30.94%. The business’s revenue was up 13.5% on a year-over-year basis. During the same period last year, the company posted $0.95 earnings per share. As a group, analysts expect that Texas Roadhouse will post 6.37 earnings per share for the current fiscal year.

Texas Roadhouse Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 24th. Stockholders of record on Wednesday, September 4th were issued a dividend of $0.61 per share. This represents a $2.44 dividend on an annualized basis and a dividend yield of 1.30%. The ex-dividend date of this dividend was Wednesday, September 4th. Texas Roadhouse’s payout ratio is 44.28%.

Institutional Investors Weigh In On Texas Roadhouse

Institutional investors have recently made changes to their positions in the company. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of Texas Roadhouse during the second quarter valued at approximately $25,000. Hollencrest Capital Management purchased a new stake in Texas Roadhouse in the second quarter worth approximately $25,000. LRI Investments LLC purchased a new stake in Texas Roadhouse in the first quarter worth approximately $25,000. McClarren Financial Advisors Inc. boosted its holdings in Texas Roadhouse by 4,175.0% in the second quarter. McClarren Financial Advisors Inc. now owns 171 shares of the restaurant operator’s stock worth $29,000 after purchasing an additional 167 shares during the last quarter. Finally, PSI Advisors LLC boosted its holdings in Texas Roadhouse by 70.8% in the third quarter. PSI Advisors LLC now owns 181 shares of the restaurant operator’s stock worth $32,000 after purchasing an additional 75 shares during the last quarter. Hedge funds and other institutional investors 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.