Texas Roadhouse (NASDAQ:TXRH) Price Target Increased to $210.00 by Analysts at UBS Group

Texas Roadhouse (NASDAQ:TXRH) had its price objective increased by UBS Group from $200.00 to $210.00 in a research report report published on Friday morning, Benzinga reports. The firm currently has a buy rating on the restaurant operator’s stock.

Several other analysts have also recently issued reports on TXRH. Evercore ISI upped their price objective on Texas Roadhouse from $195.00 to $200.00 and gave the stock an “outperform” rating in a report on Tuesday, October 15th. Citigroup upped their price objective on Texas Roadhouse from $192.00 to $201.00 and gave the company a “buy” rating in a research report on Tuesday, October 1st. Royal Bank of Canada upped their price objective on Texas Roadhouse from $175.00 to $185.00 and gave the company a “sector perform” rating in a research report on Friday. Guggenheim increased their price target on Texas Roadhouse from $190.00 to $195.00 and gave the stock a “buy” rating in a research report on Wednesday, September 25th. Finally, Wedbush increased their price target on Texas Roadhouse from $190.00 to $200.00 and gave the stock an “outperform” rating in a research report on Friday. Twelve investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat, Texas Roadhouse currently has an average rating of “Hold” and a consensus price target of $188.00.

Texas Roadhouse Trading Up 3.6 %

TXRH opened at $187.38 on Friday. The stock has a 50-day moving average price of $172.41 and a 200-day moving average price of $168.32. The stock has a market capitalization 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 has a 12-month low of $93.79 and a 12-month high of $189.97.

Texas Roadhouse (NASDAQ:TXRH) last posted its quarterly earnings results on Thursday, October 24th. The restaurant operator reported $1.26 EPS for the quarter, missing analysts’ consensus estimates of $1.33 by ($0.07). Texas Roadhouse had a return on equity of 30.94% and a net margin of 7.47%. The business 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 firm posted $0.95 earnings per share. The firm’s revenue for the quarter was up 13.5% on a year-over-year basis. On average, equities research analysts predict that Texas Roadhouse will post 6.37 EPS for the current year.

Texas Roadhouse Announces Dividend

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

Institutional Trading of Texas Roadhouse

Several hedge funds and other institutional investors have recently bought and sold shares of TXRH. Marshall Wace LLP grew its holdings in Texas Roadhouse by 128.9% in the second quarter. Marshall Wace LLP now owns 765,096 shares of the restaurant operator’s stock valued at $131,375,000 after purchasing an additional 430,814 shares during the period. AQR Capital Management LLC lifted its position in Texas Roadhouse by 22.3% during the second quarter. AQR Capital Management LLC now owns 909,847 shares of the restaurant operator’s stock worth $156,230,000 after buying an additional 165,738 shares in the last quarter. Davidson Kempner Capital Management LP purchased a new position in Texas Roadhouse during the second quarter worth approximately $21,462,000. Millennium Management LLC lifted its position in Texas Roadhouse by 25.0% during the second quarter. Millennium Management LLC now owns 583,009 shares of the restaurant operator’s stock worth $100,108,000 after buying an additional 116,721 shares in the last quarter. Finally, Bahl & Gaynor Inc. raised its position in Texas Roadhouse by 3,259.4% in the first quarter. Bahl & Gaynor Inc. now owns 92,350 shares of the restaurant operator’s stock valued at $14,265,000 after purchasing an additional 89,601 shares during the period. 94.82% of the stock is owned by institutional investors and hedge funds.

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.