Texas Roadhouse (NASDAQ:TXRH) Given New $207.00 Price Target at Truist Financial

Texas Roadhouse (NASDAQ:TXRH) had its price objective hoisted by Truist Financial from $202.00 to $207.00 in a report released on Friday morning, Benzinga reports. The brokerage currently has a buy rating on the restaurant operator’s stock.

Several other equities research analysts also recently weighed in on the company. Stephens increased their price target on Texas Roadhouse from $170.00 to $176.00 and gave the stock an “equal weight” rating in a report on Monday, July 29th. Bank of America increased their price target on Texas Roadhouse from $206.00 to $234.00 and gave the stock a “buy” rating in a report on Tuesday. BTIG Research increased their price target on Texas Roadhouse from $175.00 to $190.00 and gave the stock a “buy” rating in a report on Friday, July 26th. Deutsche Bank Aktiengesellschaft increased their price target on Texas Roadhouse from $190.00 to $193.00 and gave the stock a “buy” rating in a report on Tuesday, July 16th. Finally, JPMorgan Chase & Co. decreased their price target 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 analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $188.00.

Texas Roadhouse Price Performance

Shares of TXRH stock traded up $6.48 during trading hours on Friday, hitting $187.38. The stock had a trading volume of 1,488,827 shares, compared to its average volume of 772,449. The firm has a market capitalization of $12.49 billion, a PE ratio of 34.01, a PEG ratio of 1.61 and a beta of 0.99. Texas Roadhouse has a twelve month low of $93.79 and a twelve month high of $189.97. The stock’s 50 day moving average is $172.41 and its 200 day moving average is $168.32.

Texas Roadhouse (NASDAQ:TXRH) last posted its quarterly earnings data on Thursday, October 24th. The restaurant operator reported $1.26 earnings per share for the quarter, missing the consensus estimate of $1.33 by ($0.07). The firm had revenue of $1.27 billion during the quarter, compared to analyst estimates of $1.27 billion. Texas Roadhouse had a net margin of 7.47% and a return on equity of 30.94%. Texas Roadhouse’s revenue was up 13.5% compared to the same quarter last year. During the same period in the previous year, the company posted $0.95 earnings per share. As a group, equities analysts predict that Texas Roadhouse will post 6.37 earnings per share for the current year.

Texas Roadhouse Announces Dividend

The business 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 yield of 1.30%. The ex-dividend date of this dividend was Wednesday, September 4th. Texas Roadhouse’s dividend payout ratio is presently 44.28%.

Institutional Trading of Texas Roadhouse

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in TXRH. Marshall Wace LLP increased its position in Texas Roadhouse by 128.9% during the 2nd quarter. Marshall Wace LLP now owns 765,096 shares of the restaurant operator’s stock worth $131,375,000 after purchasing an additional 430,814 shares in the last quarter. AQR Capital Management LLC increased its position in Texas Roadhouse by 22.3% during the 2nd quarter. AQR Capital Management LLC now owns 909,847 shares of the restaurant operator’s stock worth $156,230,000 after purchasing an additional 165,738 shares in the last quarter. Davidson Kempner Capital Management LP purchased a new stake in Texas Roadhouse during the 2nd quarter worth about $21,462,000. Millennium Management LLC increased its position in Texas Roadhouse by 25.0% during the 2nd quarter. Millennium Management LLC now owns 583,009 shares of the restaurant operator’s stock worth $100,108,000 after purchasing an additional 116,721 shares in the last quarter. Finally, Bahl & Gaynor Inc. increased its position in Texas Roadhouse by 3,259.4% during the 1st quarter. Bahl & Gaynor Inc. now owns 92,350 shares of the restaurant operator’s stock worth $14,265,000 after purchasing an additional 89,601 shares in the last quarter. Hedge funds and other institutional investors 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.