Texas Roadhouse (NASDAQ:TXRH) Given New $220.00 Price Target at BTIG Research

Texas Roadhouse (NASDAQ:TXRH) had its target price raised by BTIG Research from $200.00 to $220.00 in a research report released on Friday morning, MarketBeat.com reports. The brokerage currently has a buy rating on the restaurant operator’s stock.

Other analysts also recently issued research reports about the stock. Wall Street Zen raised shares of Texas Roadhouse from a “sell” rating to a “hold” rating in a report on Sunday, May 10th. Guggenheim reaffirmed a “buy” rating and set a $210.00 target price on shares of Texas Roadhouse in a report on Monday, May 18th. UBS Group lifted their price target on shares of Texas Roadhouse from $210.00 to $235.00 and gave the company a “buy” rating in a research report on Monday. TD Cowen increased their price target on Texas Roadhouse from $192.00 to $205.00 and gave the stock a “buy” rating in a research report on Wednesday, May 27th. Finally, Barclays lowered their price objective on Texas Roadhouse from $188.00 to $175.00 and set an “equal weight” rating on the stock in a research note on Friday, May 8th. Ten research analysts have rated the stock with a Buy rating and thirteen have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $207.71.

Texas Roadhouse Stock Down 0.1%

TXRH opened at $208.00 on Friday. Texas Roadhouse has a fifty-two week low of $153.82 and a fifty-two week high of $213.26. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.40 and a current ratio of 0.46. The company has a market capitalization of $13.67 billion, a P/E ratio of 33.28, a P/E/G ratio of 2.30 and a beta of 0.79. The stock has a fifty day moving average of $187.54 and a 200-day moving average of $178.90.

Texas Roadhouse (NASDAQ:TXRH) last announced its earnings results on Thursday, August 6th. The restaurant operator reported $1.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.83 by $0.02. Texas Roadhouse had a net margin of 6.63% and a return on equity of 27.57%. The company had revenue of $1.68 billion during the quarter, compared to analysts’ expectations of $1.67 billion. During the same quarter in the previous year, the business posted $1.86 earnings per share. Texas Roadhouse’s quarterly revenue was up 11.1% on a year-over-year basis. On average, equities analysts expect that Texas Roadhouse will post 6.45 EPS for the current year.

Texas Roadhouse Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 29th. Stockholders of record on Tuesday, September 1st will be given a $0.75 dividend. The ex-dividend date is Tuesday, September 1st. This represents a $3.00 annualized dividend and a dividend yield of 1.4%. Texas Roadhouse’s payout ratio is presently 47.92%.

Insider Activity at Texas Roadhouse

In related news, Director Jane Grote Abell sold 339 shares of the stock in a transaction that occurred on Monday, May 18th. The shares were sold at an average price of $177.43, for a total transaction of $60,148.77. Following the sale, the director owned 2,161 shares in the company, valued at approximately $383,426.23. This trade represents a 13.56% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, General Counsel Sean G. Renfroe sold 426 shares of Texas Roadhouse stock in a transaction that occurred on Thursday, July 2nd. The shares were sold at an average price of $192.53, for a total transaction of $82,017.78. Following the completion of the transaction, the general counsel directly owned 860 shares in the company, valued at $165,575.80. This trade represents a 33.13% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 6,154 shares of company stock worth $1,115,864 in the last 90 days. Corporate insiders own 0.50% of the company’s stock.

Hedge Funds Weigh In On Texas Roadhouse

Several large investors have recently bought and sold shares of the company. Meeder Asset Management Inc. acquired a new stake in shares of Texas Roadhouse in the second quarter valued at about $106,000. Citizens Financial Group Inc. RI bought a new stake in Texas Roadhouse in the second quarter valued at approximately $944,000. MidFirst Bank acquired a new stake in Texas Roadhouse during the 2nd quarter valued at approximately $1,454,000. BlackRock Inc. acquired a new stake in Texas Roadhouse during the 2nd quarter valued at approximately $1,273,173,000. Finally, Pallas Capital Advisors LLC bought a new position in Texas Roadhouse during the 2nd quarter worth approximately $1,143,000. 94.82% of the stock is currently owned by institutional investors.

Texas Roadhouse News Roundup

Here are the key news stories impacting Texas Roadhouse this week:

• Positive Sentiment: Texas Roadhouse reported second-quarter revenue of $1.68 billion, up 11.1% year over year and slightly above the $1.67 billion consensus estimate. Adjusted earnings of $1.85 per share exceeded the widely cited $1.83 consensus estimate. Texas Roadhouse Announces Second Quarter 2026 Results
• Positive Sentiment: Analysts responded favorably to the results and cited increased sales and restaurant traffic. TD Cowen raised its price target from $205 to $230 and maintained a Buy rating, while BTIG lifted its target from $200 to $220 and also assigned a Buy rating. Analysts Raise Forecasts After Q2 Results
• Positive Sentiment: The board declared a quarterly dividend of $0.75 per share, payable September 29 to shareholders of record September 1. The dividend provides an annualized yield of approximately 1.4%.
• Neutral Sentiment: Stephens raised its price target from $180 to $205 but retained an Equal Weight rating, indicating that the firm sees limited upside at current levels.
• Negative Sentiment: Second-quarter EPS declined from $1.86 a year earlier to $1.85. In addition, one Zacks measure compared results with a higher $1.90 consensus estimate and characterized the quarter as a modest miss, highlighting uncertainty around the earnings beat. Texas Roadhouse Q2 Earnings Report

About Texas Roadhouse

Texas Roadhouse, Inc is a casual dining restaurant chain specializing in hand?cut steaks, fall?off?the?bone ribs, chicken, seafood and house specialties. Each restaurant features a Western?themed décor, open kitchens and a signature line dance presentation of fresh, made?from?scratch sides and breads. The company emphasizes an energetic dining experience, focusing on hospitality, value and a family?friendly environment.

The concept was created in 1993 by founder Kent Taylor, who sought to combine high?quality steaks with an approachable, community?oriented atmosphere.