Texas Roadhouse (NASDAQ:TXRH) Given New $162.00 Price Target at BMO Capital Markets

Texas Roadhouse (NASDAQ:TXRH) had its target price upped by BMO Capital Markets from $155.00 to $162.00 in a research report sent to investors on Friday morning, Benzinga reports. The firm currently has a market perform rating on the restaurant operator’s stock.

Several other research firms also recently weighed in on TXRH. Wells Fargo & Company increased their price objective on Texas Roadhouse from $165.00 to $175.00 and gave the company an “equal weight” rating in a report on Friday, July 26th. Morgan Stanley increased their price objective on Texas Roadhouse from $200.00 to $205.00 and gave the company an “equal weight” rating in a report on Friday. Evercore ISI increased their price target on Texas Roadhouse from $195.00 to $200.00 and gave the stock an “outperform” rating in a report on Tuesday, October 15th. Citigroup increased their price target on Texas Roadhouse from $192.00 to $201.00 and gave the stock a “buy” rating in a report on Tuesday, October 1st. Finally, 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. Twelve investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat, Texas Roadhouse presently has an average rating of “Hold” and an average target price of $188.00.

Texas Roadhouse Stock Performance

TXRH stock opened at $187.38 on Friday. The company’s 50 day moving average price is $172.41 and its 200 day moving average price is $168.45. Texas Roadhouse has a fifty-two week low of $93.79 and a fifty-two week high of $189.97. The firm has a market capitalization of $12.52 billion, a price-to-earnings ratio of 37.93, a PEG ratio of 1.61 and a beta of 0.99.

Texas Roadhouse (NASDAQ:TXRH) last announced its quarterly earnings results on Thursday, October 24th. The restaurant operator reported $1.26 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.33 by ($0.07). The business 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%. The business’s revenue for the quarter was up 13.5% compared to the same quarter last year. During the same period last year, the company earned $0.95 earnings per share. Equities analysts forecast that Texas Roadhouse will post 6.37 EPS for the current fiscal year.

Texas Roadhouse Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 24th. Stockholders of record on Wednesday, September 4th were given a $0.61 dividend. This represents a $2.44 dividend on an annualized basis and a dividend yield of 1.30%. The ex-dividend date of this dividend was Wednesday, September 4th. Texas Roadhouse’s dividend payout ratio is currently 49.39%.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. LRI Investments LLC purchased a new stake in Texas Roadhouse during the 1st quarter worth about $25,000. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in Texas Roadhouse in the 2nd quarter worth about $25,000. Hollencrest Capital Management acquired a new stake in Texas Roadhouse in the 2nd quarter worth about $25,000. McClarren Financial Advisors Inc. boosted its stake in Texas Roadhouse by 4,175.0% in the 2nd quarter. McClarren Financial Advisors Inc. now owns 171 shares of the restaurant operator’s stock worth $29,000 after buying an additional 167 shares during the last quarter. Finally, PSI Advisors LLC boosted its stake in Texas Roadhouse by 70.8% in the 3rd quarter. PSI Advisors LLC now owns 181 shares of the restaurant operator’s stock worth $32,000 after buying an additional 75 shares during 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.