Texas Roadhouse (NASDAQ:TXRH) PT Raised to $201.00 at Citigroup

Texas Roadhouse (NASDAQ:TXRH) had its price objective hoisted by Citigroup from $192.00 to $201.00 in a research note released on Tuesday, Benzinga reports. Citigroup currently has a buy rating on the restaurant operator’s stock.

TXRH has been the topic of several other research reports. Wells Fargo & Company raised their price target on Texas Roadhouse from $165.00 to $175.00 and gave the company an equal weight rating in a report on Friday, July 26th. BMO Capital Markets raised their target price on Texas Roadhouse from $145.00 to $155.00 and gave the stock a market perform rating in a report on Friday, July 26th. Truist Financial raised their target price on Texas Roadhouse from $185.00 to $196.00 and gave the stock a buy rating in a report on Friday, July 26th. Wedbush restated an outperform rating and set a $190.00 target price on shares of Texas Roadhouse in a report on Tuesday, September 24th. Finally, BTIG Research raised their target price on Texas Roadhouse from $175.00 to $190.00 and gave the stock a buy rating in a report on Friday, July 26th. Thirteen research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of Hold and an average target price of $176.90.

Texas Roadhouse Stock Up 1.8 %

Texas Roadhouse stock opened at $178.65 on Tuesday. The business’s 50-day simple moving average is $169.15 and its 200 day simple moving average is $165.52. The stock has a market cap of $11.91 billion, a price-to-earnings ratio of 36.16, a P/E/G 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.

Texas Roadhouse (NASDAQ:TXRH) last posted its quarterly earnings results on Thursday, July 25th. The restaurant operator reported $1.79 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.64 by $0.15. The business had revenue of $1.34 billion for the quarter, compared to analysts’ expectations of $1.34 billion. Texas Roadhouse had a return on equity of 30.94% and a net margin of 7.47%. The firm’s quarterly revenue was up 14.5% compared to the same quarter last year. During the same quarter last year, the business earned $1.22 earnings per share. As a group, sell-side analysts expect that Texas Roadhouse will post 6.33 EPS for the current year.

Texas Roadhouse Dividend Announcement

The company also recently announced 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 dividend on an annualized basis and a yield of 1.37%. The ex-dividend date was Wednesday, September 4th. Texas Roadhouse’s dividend payout ratio is presently 49.39%.

Institutional Investors Weigh In On Texas Roadhouse

A number of hedge funds and other institutional investors have recently bought and sold shares of TXRH. Corient Private Wealth LLC acquired a new stake in Texas Roadhouse in the 4th quarter valued at approximately $873,000. Allianz Asset Management GmbH increased its position in shares of Texas Roadhouse by 416.6% during the 4th quarter. Allianz Asset Management GmbH now owns 45,573 shares of the restaurant operator’s stock worth $5,570,000 after purchasing an additional 36,751 shares during the last quarter. Treasurer of the State of North Carolina increased its position in shares of Texas Roadhouse by 1.0% during the 4th quarter. Treasurer of the State of North Carolina now owns 29,650 shares of the restaurant operator’s stock worth $3,624,000 after purchasing an additional 290 shares during the last quarter. KBC Group NV acquired a new position in shares of Texas Roadhouse during the 4th quarter worth approximately $148,000. Finally, Blueshift Asset Management LLC acquired a new position in shares of Texas Roadhouse during the 4th quarter worth approximately $340,000. Institutional investors and hedge funds own 94.82% of the company’s stock.

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.