Texas Roadhouse (NASDAQ:TXRH) Price Target Cut to $209.00 by Analysts at Loop Capital

Texas Roadhouse (NASDAQ:TXRH) had its target price reduced by Loop Capital from $215.00 to $209.00 in a report released on Monday morning, Benzinga reports. They currently have a buy rating on the restaurant operator’s stock.

Other analysts have also recently issued research reports about the stock. Royal Bank of Canada raised their target price on shares of Texas Roadhouse from $175.00 to $185.00 and gave the company a “sector perform” rating in a report on Friday. Robert W. Baird lifted their price objective on shares of Texas Roadhouse from $190.00 to $205.00 and gave the stock an “outperform” rating in a research report on Friday. BMO Capital Markets increased their target price on Texas Roadhouse from $155.00 to $162.00 and gave the company a “market perform” rating in a report on Friday. Barclays lifted their price target on Texas Roadhouse from $160.00 to $175.00 and gave the stock an “equal weight” rating in a report on Friday. Finally, BTIG Research increased their price objective on Texas Roadhouse from $175.00 to $190.00 and gave the company a “buy” rating in a report on Friday, July 26th. Twelve research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $189.00.

Texas Roadhouse Stock Up 0.4 %

NASDAQ:TXRH opened at $188.11 on Monday. The company has a market cap of $12.54 billion, a price-to-earnings ratio of 32.32, a price-to-earnings-growth ratio of 1.59 and a beta of 0.99. Texas Roadhouse has a 52 week low of $98.18 and a 52 week high of $189.97. The company has a fifty day simple moving average of $172.41 and a two-hundred day simple moving average of $168.59.

Texas Roadhouse (NASDAQ:TXRH) last released its earnings results on Thursday, October 24th. The restaurant operator reported $1.26 EPS for the quarter, missing the consensus estimate of $1.32 by ($0.06). The company had revenue of $1.27 billion for the quarter, compared to analyst estimates of $1.27 billion. Texas Roadhouse had a return on equity of 31.33% and a net margin of 7.65%. The company’s revenue for the quarter was up 13.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.95 earnings per share. On average, analysts expect that Texas Roadhouse will post 6.38 EPS for the current year.

Texas Roadhouse Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 24th. Investors of record on Wednesday, September 4th were given a $0.61 dividend. 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 presently 41.92%.

Institutional Trading of Texas Roadhouse

Hedge funds have recently added to or reduced their stakes in the stock. Ontario Teachers Pension Plan Board purchased a new stake in shares of Texas Roadhouse during the first quarter worth approximately $2,338,000. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of Texas Roadhouse in the 1st quarter worth $4,522,000. Sei Investments Co. boosted its holdings in shares of Texas Roadhouse by 31.6% in the first quarter. Sei Investments Co. now owns 73,707 shares of the restaurant operator’s stock valued at $11,385,000 after acquiring an additional 17,691 shares in the last quarter. Vanguard Group Inc. boosted its holdings in shares of Texas Roadhouse by 0.8% in the first quarter. Vanguard Group Inc. now owns 6,476,056 shares of the restaurant operator’s stock valued at $1,000,356,000 after acquiring an additional 53,419 shares in the last quarter. Finally, SG Americas Securities LLC increased its stake in shares of Texas Roadhouse by 200.6% during the second quarter. SG Americas Securities LLC now owns 19,067 shares of the restaurant operator’s stock worth $3,274,000 after acquiring an additional 12,725 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.