Citigroup Boosts Texas Roadhouse (NASDAQ:TXRH) Price Target to $201.00

by · The Cerbat Gem

Texas Roadhouse (NASDAQ:TXRH – Free Report) had its target price upped by Citigroup from $192.00 to $201.00 in a report released on Tuesday morning, Benzinga reports. Citigroup currently has a buy rating on the restaurant operator’s stock.

TXRH has been the subject of several other research reports. Wells Fargo & Company increased their target price on Texas Roadhouse from $165.00 to $175.00 and gave the stock an equal weight rating in a research report on Friday, July 26th. Guggenheim increased their target price on Texas Roadhouse from $190.00 to $195.00 and gave the stock a buy rating in a research report on Wednesday, September 25th. Wedbush restated an outperform rating and set a $190.00 price target on shares of Texas Roadhouse in a report on Tuesday, September 24th. BMO Capital Markets raised their price target on Texas Roadhouse from $145.00 to $155.00 and gave the company a market perform rating in a report on Friday, July 26th. Finally, JPMorgan Chase & Co. cut 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. Thirteen research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of Hold and a consensus price target of $176.60.

Check Out Our Latest Stock Analysis on Texas Roadhouse

Texas Roadhouse Stock Down 1.5 %

NASDAQ TXRH opened at $175.55 on Tuesday. Texas Roadhouse has a 52 week low of $91.06 and a 52 week high of $180.69. The stock’s 50-day moving average price is $168.97 and its 200-day moving average price is $165.33. The company has a market capitalization of $11.71 billion, a P/E ratio of 35.54, a price-to-earnings-growth ratio of 1.58 and a beta of 0.99.

Texas Roadhouse (NASDAQ:TXRH – Get Free Report) last released its earnings results on Thursday, July 25th. The restaurant operator reported $1.79 earnings per share (EPS) for the quarter, topping 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 during the quarter, compared to analysts’ expectations of $1.34 billion. During the same quarter last year, the business posted $1.22 earnings per share. The firm’s revenue was up 14.5% on a year-over-year basis. Research analysts anticipate that Texas Roadhouse will post 6.33 EPS for the current year.

Texas Roadhouse Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 24th. Stockholders of record on Wednesday, September 4th were given a dividend of $0.61 per share. The ex-dividend date of this dividend was Wednesday, September 4th. This represents a $2.44 annualized dividend and a dividend yield of 1.39%. Texas Roadhouse’s dividend payout ratio (DPR) is 49.39%.

Institutional Trading of Texas Roadhouse

Several institutional investors and hedge funds have recently made changes to their positions in TXRH. LRI Investments LLC bought a new stake in shares of Texas Roadhouse during the first quarter worth $25,000. Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of Texas Roadhouse during the second quarter worth $25,000. Hollencrest Capital Management bought a new stake in shares of Texas Roadhouse during the second quarter worth $25,000. McClarren Financial Advisors Inc. lifted its position in shares of Texas Roadhouse by 4,175.0% during the second quarter. McClarren Financial Advisors Inc. now owns 171 shares of the restaurant operator’s stock worth $29,000 after purchasing an additional 167 shares during the last quarter. Finally, Rise Advisors LLC bought a new stake in shares of Texas Roadhouse during the first quarter worth $32,000. 94.82% of the stock is currently owned by institutional investors.

Texas Roadhouse Company Profile

(Get Free Report)

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.

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