Texas Roadhouse (NASDAQ:TXRH) PT Raised to $202.00 at Truist Financial

Texas Roadhouse (NASDAQ:TXRHFree Report) had its target price lifted by Truist Financial from $196.00 to $202.00 in a research note issued to investors on Friday, Benzinga reports. The firm currently has a buy rating on the restaurant operator’s stock.

Several other equities analysts have also recently issued reports on TXRH. Bank of America boosted their target price on shares of Texas Roadhouse from $189.00 to $205.00 and gave the company a buy rating in a research note on Wednesday, July 17th. Citigroup increased their target price on shares of Texas Roadhouse from $192.00 to $201.00 and gave the stock a buy rating in a research note on Tuesday, October 1st. JPMorgan Chase & Co. cut their price objective on Texas Roadhouse from $184.00 to $180.00 and set a neutral rating for the company in a research report on Monday, July 29th. Evercore ISI increased their target price on Texas Roadhouse from $175.00 to $195.00 and gave the company an outperform rating in a research report on Friday, July 26th. Finally, Wedbush reissued an outperform rating and issued a $190.00 price target on shares of Texas Roadhouse in a report on Tuesday, September 24th. Twelve analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of Hold and a consensus target price of $176.90.

View Our Latest Research Report on Texas Roadhouse

Texas Roadhouse Price Performance

TXRH stock opened at $175.53 on Friday. The company has a market capitalization of $11.70 billion, a P/E ratio of 35.53, a price-to-earnings-growth ratio of 1.61 and a beta of 0.99. Texas Roadhouse has a 12 month low of $91.06 and a 12 month high of $180.69. The firm’s fifty day simple moving average is $169.21 and its 200-day simple moving average is $165.84.

Texas Roadhouse (NASDAQ:TXRHGet Free Report) last released its quarterly earnings data on Thursday, July 25th. The restaurant operator reported $1.79 earnings per share for the quarter, beating analysts’ consensus estimates of $1.64 by $0.15. The business had revenue of $1.34 billion during the quarter, compared to analyst estimates of $1.34 billion. Texas Roadhouse had a return on equity of 30.94% and a net margin of 7.47%. The company’s revenue was up 14.5% on a year-over-year basis. During the same quarter last year, the business posted $1.22 EPS. As a group, sell-side analysts forecast that Texas Roadhouse will post 6.33 earnings per share for the current year.

Texas Roadhouse Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 24th. Investors of record on Wednesday, September 4th were given a dividend of $0.61 per share. This represents a $2.44 dividend on an annualized basis and a dividend yield of 1.39%. The ex-dividend date of this dividend was Wednesday, September 4th. Texas Roadhouse’s payout ratio is 49.39%.

Hedge Funds Weigh In On Texas Roadhouse

A number of hedge funds have recently made changes to their positions in TXRH. Fulton Bank N.A. lifted its position in shares of Texas Roadhouse by 7.8% during the third quarter. Fulton Bank N.A. now owns 7,598 shares of the restaurant operator’s stock worth $1,342,000 after purchasing an additional 547 shares in the last quarter. GAMMA Investing LLC lifted its holdings in Texas Roadhouse by 14.2% during the 3rd quarter. GAMMA Investing LLC now owns 1,198 shares of the restaurant operator’s stock worth $212,000 after buying an additional 149 shares in the last quarter. Point72 DIFC Ltd purchased a new position in Texas Roadhouse in the 2nd quarter valued at approximately $127,000. Sanctuary Advisors LLC acquired a new position in shares of Texas Roadhouse in the second quarter worth $953,000. Finally, Maven Securities LTD purchased a new stake in shares of Texas Roadhouse during the second quarter worth $427,000. Hedge funds and other institutional investors own 94.82% of the company’s stock.

Texas Roadhouse Company Profile

(Get Free Report)

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.

Further Reading

Analyst Recommendations for Texas Roadhouse (NASDAQ:TXRH)

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