Guggenheim Raises Texas Roadhouse (NASDAQ:TXRH) Price Target to $195.00

Texas Roadhouse (NASDAQ:TXRH) had its price target lifted by Guggenheim from $190.00 to $195.00 in a report issued on Wednesday, Benzinga reports. The firm currently has a buy rating on the restaurant operator’s stock.

Other research analysts have also issued research reports about the company. Deutsche Bank Aktiengesellschaft raised their price objective on Texas Roadhouse from $190.00 to $193.00 and gave the company a buy rating in a report on Tuesday, July 16th. Evercore ISI increased their price target on Texas Roadhouse from $175.00 to $195.00 and gave the company an outperform rating in a report on Friday, July 26th. Wells Fargo & Company boosted their price objective on Texas Roadhouse from $165.00 to $175.00 and gave the stock an equal weight rating in a research note on Friday, July 26th. JPMorgan Chase & Co. cut their target price on Texas Roadhouse from $184.00 to $180.00 and set a neutral rating for the company in a research note on Monday, July 29th. Finally, Royal Bank of Canada boosted their price target on shares of Texas Roadhouse from $165.00 to $175.00 and gave the company a sector perform rating in a research report on Friday, June 7th. Thirteen equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat.com, Texas Roadhouse currently has an average rating of Hold and a consensus price target of $172.95.

Texas Roadhouse Price Performance

Shares of TXRH stock opened at $174.90 on Wednesday. The stock has a 50 day simple moving average of $168.29 and a 200-day simple moving average of $164.47. Texas Roadhouse has a 1-year low of $91.06 and a 1-year high of $180.69. The company has a market cap of $11.66 billion, a price-to-earnings ratio of 35.46, a PEG ratio of 1.59 and a beta of 0.99.

Texas Roadhouse (NASDAQ:TXRH) last announced its 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. Texas Roadhouse had a net margin of 7.47% and a return on equity of 30.94%. The business had revenue of $1.34 billion for the quarter, compared to analyst estimates of $1.34 billion. During the same quarter last year, the business earned $1.22 earnings per share. The company’s revenue for the quarter was up 14.5% compared to the same quarter last year. Analysts anticipate that Texas Roadhouse will post 6.32 earnings per share for the current fiscal year.

Texas Roadhouse Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 24th. Shareholders of record on Wednesday, September 4th were issued a dividend of $0.61 per share. The ex-dividend date of this dividend was Wednesday, September 4th. This represents a $2.44 dividend on an annualized basis and a yield of 1.40%. Texas Roadhouse’s dividend payout ratio (DPR) is presently 49.39%.

Institutional Trading of Texas Roadhouse

Several hedge funds have recently modified their holdings of the stock. LRI Investments LLC acquired a new stake in Texas Roadhouse in the first quarter valued at approximately $25,000. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of Texas Roadhouse during the 2nd quarter worth $25,000. Hollencrest Capital Management acquired a new position in shares of Texas Roadhouse during the second quarter worth $25,000. McClarren Financial Advisors Inc. increased its holdings in Texas Roadhouse by 4,175.0% in the second quarter. McClarren Financial Advisors Inc. now owns 171 shares of the restaurant operator’s stock valued at $29,000 after buying an additional 167 shares during the last quarter. Finally, Rise Advisors LLC acquired a new stake in Texas Roadhouse in the first quarter valued at $32,000. 94.82% of the stock is currently 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.