Texas Roadhouse (NASDAQ:TXRH) Price Target Increased to $205.00 by Analysts at Robert W. Baird

Texas Roadhouse (NASDAQ:TXRH) had its price target boosted by Robert W. Baird from $190.00 to $205.00 in a research report sent to investors on Friday, Benzinga reports. The brokerage currently has an outperform rating on the restaurant operator’s stock.

TXRH has been the topic of a number of other research reports. 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. Bank of America increased their price target on Texas Roadhouse from $206.00 to $234.00 and gave the stock a “buy” rating in a research report on Tuesday. Truist Financial increased their price target on Texas Roadhouse from $196.00 to $202.00 and gave the stock a “buy” rating in a research report on Friday, October 4th. Wells Fargo & Company increased their price target on Texas Roadhouse from $165.00 to $175.00 and gave the stock an “equal weight” rating in a research report on Friday, July 26th. Finally, Evercore ISI increased their price target on Texas Roadhouse from $195.00 to $200.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 15th. Twelve research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat, Texas Roadhouse currently has an average rating of “Hold” and a consensus target price of $188.00.

Texas Roadhouse Stock Up 3.6 %

Shares of Texas Roadhouse stock traded up $6.48 on Friday, hitting $187.38. The stock had a trading volume of 1,488,827 shares, compared to its average volume of 772,449. Texas Roadhouse has a twelve month low of $93.79 and a twelve month high of $189.97. The business’s 50 day moving average is $172.41 and its two-hundred day moving average is $168.32. The stock has a market cap of $12.49 billion, a price-to-earnings ratio of 34.01, a price-to-earnings-growth ratio of 1.61 and a beta of 0.99.

Texas Roadhouse (NASDAQ:TXRH) last posted its earnings results on Thursday, October 24th. The restaurant operator reported $1.26 EPS for the quarter, missing the consensus estimate 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 analyst estimates of $1.27 billion. During the same period in the previous year, the company posted $0.95 EPS. Texas Roadhouse’s revenue for the quarter was up 13.5% compared to the same quarter last year. As a group, equities analysts predict that Texas Roadhouse will post 6.37 earnings per share for the current fiscal year.

Texas Roadhouse Dividend Announcement

The company also recently declared 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 dividend on an annualized basis and a dividend yield of 1.30%. The ex-dividend date was Wednesday, September 4th. Texas Roadhouse’s payout ratio is 44.28%.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Ontario Teachers Pension Plan Board bought a new position in shares of Texas Roadhouse in the 1st quarter valued at $2,338,000. Mirae Asset Global Investments Co. Ltd. bought a new position in shares of Texas Roadhouse in the 1st quarter valued at $4,522,000. Sei Investments Co. raised its position in Texas Roadhouse by 31.6% during the 1st quarter. Sei Investments Co. now owns 73,707 shares of the restaurant operator’s stock worth $11,385,000 after purchasing an additional 17,691 shares during the last quarter. Vanguard Group Inc. raised its position in Texas Roadhouse by 0.8% during the 1st quarter. Vanguard Group Inc. now owns 6,476,056 shares of the restaurant operator’s stock worth $1,000,356,000 after purchasing an additional 53,419 shares during the last quarter. Finally, SG Americas Securities LLC raised its position in Texas Roadhouse by 200.6% during the 2nd quarter. SG Americas Securities LLC now owns 19,067 shares of the restaurant operator’s stock worth $3,274,000 after purchasing an additional 12,725 shares during the last quarter. 94.82% of the stock is currently owned by institutional investors.

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.