Texas Roadhouse (NASDAQ:TXRH) Price Target Increased to $185.00 by Analysts at Royal Bank of Canada

Texas Roadhouse (NASDAQ:TXRH) had its price target lifted by Royal Bank of Canada from $175.00 to $185.00 in a research report released on Friday morning, Benzinga reports. The brokerage currently has a sector perform rating on the restaurant operator’s stock.

A number of other equities research analysts also recently commented on TXRH. Evercore ISI increased their price objective on shares of Texas Roadhouse from $195.00 to $200.00 and gave the company an “outperform” rating in a research report on Tuesday, October 15th. Stephens increased their target price on shares of Texas Roadhouse from $170.00 to $176.00 and gave the company an “equal weight” rating in a research report on Monday, July 29th. Barclays increased their target price on shares of Texas Roadhouse from $160.00 to $175.00 and gave the company an “equal weight” rating in a research report on Friday. Wells Fargo & Company increased 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 report on Friday, July 26th. Finally, BTIG Research increased their target price 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. Twelve research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $188.00.

Texas Roadhouse Trading Up 3.6 %

Shares of NASDAQ:TXRH opened at $187.38 on Friday. Texas Roadhouse has a 52 week low of $93.79 and a 52 week high of $189.97. The company’s 50 day moving average is $172.41 and its two-hundred day moving average is $168.32. The company has a market cap of $12.49 billion, a PE ratio of 34.01, a P/E/G ratio of 1.61 and a beta of 0.99.

Texas Roadhouse (NASDAQ:TXRH) last announced its quarterly earnings data 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 net margin of 7.47% and a return on equity of 30.94%. The firm 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 company posted $0.95 earnings per share. The company’s revenue for the quarter was up 13.5% on a year-over-year basis. As a group, equities research analysts expect that Texas Roadhouse will post 6.37 EPS for the current year.

Texas Roadhouse Announces Dividend

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

Institutional Trading of Texas Roadhouse

Hedge funds have recently made changes to their positions in the company. LRI Investments LLC acquired a new stake in shares of Texas Roadhouse in the 1st quarter worth $25,000. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of Texas Roadhouse in the 2nd quarter worth $25,000. Hollencrest Capital Management acquired a new stake in shares of Texas Roadhouse in the 2nd quarter worth $25,000. McClarren Financial Advisors Inc. lifted its stake in shares of 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 period. Finally, PSI Advisors LLC lifted its stake in shares of Texas Roadhouse by 70.8% in the 3rd quarter. PSI Advisors LLC now owns 181 shares of the restaurant operator’s stock worth $32,000 after acquiring an additional 75 shares during the period. 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.