Texas Roadhouse (NASDAQ:TXRH) PT Lowered to $209.00

Texas Roadhouse (NASDAQ:TXRH - Free Report) had its price objective reduced by Loop Capital from $215.00 to $209.00 in a report issued on Monday, Benzinga reports. Loop Capital currently has a buy rating on the restaurant operator's stock.

Several other analysts also recently issued reports on the stock. Evercore ISI lifted their price target on shares of Texas Roadhouse from $195.00 to $200.00 and gave the company an "outperform" rating in a research report on Tuesday, October 15th. Wells Fargo & Company raised their price objective on Texas Roadhouse from $165.00 to $175.00 and gave the company an "equal weight" rating in a research note on Friday, July 26th. JPMorgan Chase & Co. dropped their price objective on Texas Roadhouse from $184.00 to $180.00 and set a "neutral" rating on the stock in a research note on Monday, July 29th. Guggenheim raised their price objective on Texas Roadhouse from $190.00 to $195.00 and gave the company a "buy" rating in a research note on Wednesday, September 25th. Finally, Truist Financial raised their price objective on Texas Roadhouse from $202.00 to $207.00 and gave the company a "buy" rating in a research note on Friday. Twelve equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $189.00.

Texas Roadhouse Trading Up 0.4 %

NASDAQ TXRH traded up $0.73 during mid-day trading on Monday, hitting $188.11. The company's stock had a trading volume of 825,950 shares, compared to its average volume of 772,714. The company's 50 day simple moving average is $172.41 and its 200 day simple moving average is $168.59. Texas Roadhouse has a twelve month low of $98.18 and a twelve month high of $189.97. The firm has a market capitalization of $12.54 billion, a price-to-earnings ratio of 32.34, a PEG ratio of 1.59 and a beta of 0.99.

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 (EPS) for the quarter, missing the consensus estimate of $1.32 by ($0.06). Texas Roadhouse had a net margin of 7.65% and a return on equity of 31.33%. The business had revenue of $1.27 billion during the quarter, compared to analyst estimates of $1.27 billion. During the same period in the previous year, the business posted $0.95 EPS. The business's revenue for the quarter was up 13.5% compared to the same quarter last year. As a group, research analysts forecast that Texas Roadhouse will post 6.38 EPS for the current year.

Texas Roadhouse Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 24th. Investors of record on Wednesday, September 4th were issued a $0.61 dividend. This represents a $2.44 annualized dividend and a yield of 1.30%. The ex-dividend date was Wednesday, September 4th. Texas Roadhouse's dividend payout ratio (DPR) is currently 41.92%.

Institutional Investors Weigh In On Texas Roadhouse

Large investors have recently added to or reduced their stakes in the company. LRI Investments LLC purchased a new stake in Texas Roadhouse in the 1st quarter worth about $25,000. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in Texas Roadhouse in the 2nd quarter worth about $25,000. Hollencrest Capital Management purchased a new stake in Texas Roadhouse in the 2nd quarter worth about $25,000. McClarren Financial Advisors Inc. grew its holdings in Texas Roadhouse by 4,175.0% during the 2nd 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 in the last quarter. Finally, PSI Advisors LLC grew its holdings in Texas Roadhouse by 70.8% during the 3rd quarter. PSI Advisors LLC now owns 181 shares of the restaurant operator's stock valued at $32,000 after buying an additional 75 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.