Wedbush Reiterates "Outperform" Rating for Texas Roadhouse (NASDAQ:TXRH)

Wedbush restated their outperform rating on shares of Texas Roadhouse (NASDAQ:TXRH - Free Report) in a research report report published on Tuesday, Benzinga reports. Wedbush currently has a $190.00 price target on the restaurant operator's stock.

Several other equities research analysts have also commented on TXRH. Evercore ISI boosted their price objective on shares of Texas Roadhouse from $175.00 to $195.00 and gave the stock an outperform rating in a research note on Friday, July 26th. Bank of America increased their target price on Texas Roadhouse from $189.00 to $205.00 and gave the company a buy rating in a research note on Wednesday, July 17th. JPMorgan Chase & Co. lowered their price objective on shares of Texas Roadhouse from $184.00 to $180.00 and set a neutral rating on the stock in a research report on Monday, July 29th. Stephens lifted their target price on shares of Texas Roadhouse from $170.00 to $176.00 and gave the stock an equal weight rating in a research report on Monday, July 29th. Finally, BMO Capital Markets boosted their target price on shares of Texas Roadhouse from $145.00 to $155.00 and gave the company a market perform rating in a research note on Friday, July 26th. Thirteen investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of Hold and an average price target of $171.85.

Texas Roadhouse Trading Up 0.2 %

NASDAQ TXRH traded up $0.30 on Tuesday, hitting $175.58. The company's stock had a trading volume of 739,020 shares, compared to its average volume of 788,187. The firm has a market cap of $11.73 billion, a P/E ratio of 35.54, a PEG ratio of 1.48 and a beta of 0.99. The company's 50-day simple moving average is $167.99 and its 200 day simple moving average is $164.29. Texas Roadhouse has a 52-week low of $91.06 and a 52-week high of $178.54.

Texas Roadhouse (NASDAQ:TXRH - Get Free Report) last issued its quarterly earnings data on Thursday, July 25th. The restaurant operator reported $1.79 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 the consensus estimate of $1.34 billion. During the same period in the previous year, the firm earned $1.22 EPS. The company's quarterly revenue was up 14.5% compared to the same quarter last year. On average, research analysts forecast that Texas Roadhouse will post 6.32 EPS for the current fiscal year.

Texas Roadhouse Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 24th. Investors of record on Wednesday, September 4th will be paid a dividend of $0.61 per share. The ex-dividend date is Wednesday, September 4th. This represents a $2.44 annualized dividend and a yield of 1.39%. Texas Roadhouse's payout ratio is 49.39%.

Hedge Funds Weigh In On Texas Roadhouse

Institutional investors have recently added to or reduced their stakes in the company. LRI Investments LLC bought a new stake in Texas Roadhouse during the first quarter worth approximately $25,000. Thurston Springer Miller Herd & Titak Inc. purchased a new position in Texas Roadhouse during the second quarter worth $25,000. Hollencrest Capital Management bought a new position in Texas Roadhouse during the second quarter valued at $25,000. McClarren Financial Advisors Inc. raised its stake in shares of 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 acquiring an additional 167 shares during the period. Finally, Rise Advisors LLC purchased a new stake in shares of Texas Roadhouse in the first quarter valued at $32,000. Hedge funds and other institutional investors own 94.82% of the company's stock.

About Texas Roadhouse

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.