Texas Roadhouse (NASDAQ:TXRH) Price Target Raised to $200.00 at Evercore ISI

Texas Roadhouse (NASDAQ:TXRH) had its price target lifted by Evercore ISI from $195.00 to $200.00 in a report released on Tuesday morning, Benzinga reports. Evercore ISI currently has an outperform rating on the restaurant operator’s stock.

A number of other research firms have also recently commented on TXRH. Stephens lifted their price objective on shares of Texas Roadhouse from $170.00 to $176.00 and gave the stock an equal weight rating in a research report on Monday, July 29th. Wedbush reaffirmed an outperform rating and issued a $190.00 target price on shares of Texas Roadhouse in a research report on Tuesday, September 24th. Wells Fargo & Company lifted their price target on Texas Roadhouse from $165.00 to $175.00 and gave the stock an equal weight rating in a report on Friday, July 26th. Citigroup upped their price objective on Texas Roadhouse from $192.00 to $201.00 and gave the company a buy rating in a report on Tuesday, October 1st. Finally, JPMorgan Chase & Co. dropped their target price on Texas Roadhouse from $184.00 to $180.00 and set a neutral rating for the company in a report on Monday, July 29th. Twelve investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of Hold and a consensus price target of $177.15.

Texas Roadhouse Stock Performance

Shares of NASDAQ:TXRH opened at $181.61 on Tuesday. Texas Roadhouse has a 52-week low of $92.96 and a 52-week high of $181.97. The company has a market capitalization of $12.13 billion, a P/E ratio of 36.76, a price-to-earnings-growth ratio of 1.57 and a beta of 0.99. The company has a 50-day simple moving average of $170.09 and a 200 day simple moving average of $166.82.

Texas Roadhouse (NASDAQ:TXRH) last released its quarterly earnings data 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. Texas Roadhouse had a return on equity of 30.94% and a net margin of 7.47%. The firm had revenue of $1.34 billion for the quarter, compared to analyst estimates of $1.34 billion. During the same quarter in the prior year, the company earned $1.22 earnings per share. The business’s revenue for the quarter was up 14.5% compared to the same quarter last year. As a group, equities analysts forecast that Texas Roadhouse will post 6.34 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 paid a $0.61 dividend. This represents a $2.44 annualized dividend and a yield of 1.34%. The ex-dividend date was Wednesday, September 4th. Texas Roadhouse’s dividend payout ratio (DPR) is presently 49.39%.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Marshall Wace LLP grew its holdings in shares of Texas Roadhouse by 128.9% during the 2nd quarter. Marshall Wace LLP now owns 765,096 shares of the restaurant operator’s stock valued at $131,375,000 after purchasing an additional 430,814 shares during the last quarter. AQR Capital Management LLC lifted its stake in Texas Roadhouse by 22.3% in the 2nd quarter. AQR Capital Management LLC now owns 909,847 shares of the restaurant operator’s stock valued at $156,230,000 after purchasing an additional 165,738 shares during the last quarter. Davidson Kempner Capital Management LP acquired a new stake in Texas Roadhouse in the second quarter valued at approximately $21,462,000. Millennium Management LLC grew its stake in shares of Texas Roadhouse by 25.0% during the second quarter. Millennium Management LLC now owns 583,009 shares of the restaurant operator’s stock worth $100,108,000 after buying an additional 116,721 shares during the last quarter. Finally, Bahl & Gaynor Inc. increased its holdings in shares of Texas Roadhouse by 3,259.4% during the first quarter. Bahl & Gaynor Inc. now owns 92,350 shares of the restaurant operator’s stock worth $14,265,000 after buying an additional 89,601 shares in the last quarter. Institutional investors and hedge funds own 94.82% of the company’s stock.

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.