Brokerages Set Texas Roadhouse, Inc. (NASDAQ:TXRH) PT at $189.00

Shares of Texas Roadhouse, Inc. (NASDAQ:TXRH - Get Free Report) have received a consensus rating of "Hold" from the twenty-three research firms that are covering the stock, MarketBeat.com reports. Twelve research analysts have rated the stock with a hold recommendation and eleven have assigned a buy recommendation to the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $189.00.

Several research analysts recently issued reports on TXRH shares. Bank of America increased their price target on shares of Texas Roadhouse from $206.00 to $234.00 and gave the stock a "buy" rating in a research report on Tuesday, October 22nd. Stifel Nicolaus increased their target price on Texas Roadhouse from $180.00 to $195.00 and gave the stock a "hold" rating in a report on Friday, October 25th. Robert W. Baird boosted their price target on Texas Roadhouse from $190.00 to $205.00 and gave the company an "outperform" rating in a research note on Friday, October 25th. Wedbush increased their price objective on Texas Roadhouse from $190.00 to $200.00 and gave the stock an "outperform" rating in a research note on Friday, October 25th. Finally, Deutsche Bank Aktiengesellschaft lifted 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.

Texas Roadhouse Stock Performance

Shares of NASDAQ:TXRH traded up $0.77 during trading on Wednesday, hitting $193.95. 885,213 shares of the stock were exchanged, compared to its average volume of 773,892. The company has a market capitalization of $12.93 billion, a price-to-earnings ratio of 33.48, a price-to-earnings-growth ratio of 1.59 and a beta of 0.99. Texas Roadhouse has a 1-year low of $98.18 and a 1-year high of $196.29. The company's fifty day simple moving average is $173.33 and its 200-day simple moving average is $169.18.

Texas Roadhouse (NASDAQ:TXRH - Get Free Report) last posted its quarterly earnings results on Thursday, October 24th. The restaurant operator reported $1.26 earnings per share for the quarter, missing analysts' consensus estimates of $1.32 by ($0.06). Texas Roadhouse had a return on equity of 31.33% and a net margin of 7.65%. The business had revenue of $1.27 billion for the quarter, compared to analyst estimates of $1.27 billion. During the same quarter in the prior year, the firm earned $0.95 EPS. The firm's quarterly revenue was up 13.5% on a year-over-year basis. On average, research analysts forecast that Texas Roadhouse will post 6.38 earnings per share for the current fiscal year.

Texas Roadhouse Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 24th. Shareholders of record on Wednesday, September 4th were given a dividend of $0.61 per share. This represents a $2.44 annualized dividend and a dividend yield of 1.26%. The ex-dividend date was Wednesday, September 4th. Texas Roadhouse's payout ratio is 41.92%.

Institutional Investors Weigh In On Texas Roadhouse

A number of institutional investors have recently made changes to their positions in the stock. Ontario Teachers Pension Plan Board acquired a new position in Texas Roadhouse in the first quarter valued at about $2,338,000. Mirae Asset Global Investments Co. Ltd. bought a new position in Texas Roadhouse during the 1st quarter worth approximately $4,522,000. Sei Investments Co. grew its holdings in Texas Roadhouse by 31.6% during the first quarter. Sei Investments Co. now owns 73,707 shares of the restaurant operator's stock valued at $11,385,000 after purchasing an additional 17,691 shares during the period. Vanguard Group Inc. increased its stake in Texas Roadhouse by 0.8% in the first quarter. Vanguard Group Inc. now owns 6,476,056 shares of the restaurant operator's stock valued at $1,000,356,000 after purchasing an additional 53,419 shares in the last quarter. Finally, SG Americas Securities LLC increased its stake in Texas Roadhouse by 200.6% in the second quarter. SG Americas Securities LLC now owns 19,067 shares of the restaurant operator's stock valued at $3,274,000 after purchasing an additional 12,725 shares in the last quarter. 94.82% of the stock is 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.