Robert W. Baird Increases Texas Roadhouse (NASDAQ:TXRH) Price Target to $205.00

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

Other equities analysts have also issued reports about the company. JPMorgan Chase & Co. reduced their price objective on Texas Roadhouse from $184.00 to $180.00 and set a “neutral” rating on the stock in a research note on Monday, July 29th. Wells Fargo & Company lifted their price objective on Texas Roadhouse from $165.00 to $175.00 and gave the company an “equal weight” rating in a research note on Friday, July 26th. Evercore ISI lifted their price objective on Texas Roadhouse from $195.00 to $200.00 and gave the company an “outperform” rating in a research note on Tuesday, October 15th. BTIG Research lifted their price objective on Texas Roadhouse from $175.00 to $190.00 and gave the company a “buy” rating in a research note on Friday, July 26th. Finally, Morgan Stanley lifted their price objective on Texas Roadhouse from $155.00 to $162.00 and gave the company an “equal weight” rating in a research note on Tuesday, July 16th. Twelve equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $188.00.

Texas Roadhouse Trading Up 3.6 %

Shares of NASDAQ:TXRH opened at $187.38 on Friday. The stock’s 50-day moving average price is $172.41 and its two-hundred day moving average price is $168.45. Texas Roadhouse has a 12-month low of $93.79 and a 12-month high of $189.97. The firm has a market cap of $12.49 billion, a price-to-earnings ratio of 32.20, a PEG ratio of 1.59 and a beta of 0.99.

Texas Roadhouse (NASDAQ:TXRH) last issued its quarterly earnings results on Thursday, October 24th. The restaurant operator reported $1.26 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.33 by ($0.07). Texas Roadhouse had a return on equity of 31.33% and a net margin of 7.65%. The business 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 business posted $0.95 earnings per share. The firm’s quarterly revenue was up 13.5% on a year-over-year basis. As a group, research analysts forecast that Texas Roadhouse will post 6.38 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 issued a $0.61 dividend. The ex-dividend date was Wednesday, September 4th. This represents a $2.44 dividend on an annualized basis and a dividend yield of 1.30%. Texas Roadhouse’s dividend payout ratio (DPR) is 41.92%.

Institutional Investors Weigh In On Texas Roadhouse

A number of institutional investors have recently made changes to their positions in TXRH. Chatham Capital Group Inc. increased its holdings in shares of Texas Roadhouse by 11.5% in the 1st quarter. Chatham Capital Group Inc. now owns 23,120 shares of the restaurant operator’s stock valued at $3,571,000 after acquiring an additional 2,390 shares during the last quarter. Allspring Global Investments Holdings LLC increased its holdings in shares of Texas Roadhouse by 54.2% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 84,886 shares of the restaurant operator’s stock valued at $13,112,000 after acquiring an additional 29,833 shares during the last quarter. Edmonds Duncan Registered Investment Advisors LLC bought a new stake in shares of Texas Roadhouse in the 1st quarter valued at approximately $274,000. State of Michigan Retirement System increased its holdings in shares of Texas Roadhouse by 2.5% in the 1st quarter. State of Michigan Retirement System now owns 16,378 shares of the restaurant operator’s stock valued at $2,530,000 after acquiring an additional 400 shares during the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. increased its holdings in shares of Texas Roadhouse by 32.5% in the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 12,338 shares of the restaurant operator’s stock valued at $1,906,000 after acquiring an additional 3,026 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.