Loop Capital Has Lowered Expectations for Texas Roadhouse (NASDAQ:TXRH) Stock Price

Texas Roadhouse (NASDAQ:TXRH) had its price target reduced by Loop Capital from $215.00 to $209.00 in a research note issued to investors on Monday, Benzinga reports. Loop Capital currently has a buy rating on the restaurant operator’s stock.

Several other analysts have also recently commented on TXRH. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Texas Roadhouse from $190.00 to $193.00 and gave the company a “buy” rating in a research note on Tuesday, July 16th. UBS Group lifted their target price on shares of Texas Roadhouse from $200.00 to $210.00 and gave the company a “buy” rating in a report on Friday, October 25th. BMO Capital Markets lifted their target price on shares of Texas Roadhouse from $155.00 to $162.00 and gave the company a “market perform” rating in a report on Friday, October 25th. Wells Fargo & Company lifted their target price on shares of Texas Roadhouse from $165.00 to $175.00 and gave the company an “equal weight” rating in a report on Friday, July 26th. Finally, Truist Financial lifted their target price on shares of Texas Roadhouse from $202.00 to $207.00 and gave the company a “buy” rating in a report on Friday, October 25th. Twelve analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $189.00.

Texas Roadhouse Trading Up 0.4 %

Shares of NASDAQ TXRH opened at $193.95 on Monday. Texas Roadhouse has a 12 month low of $98.18 and a 12 month high of $196.29. The company has a 50 day simple moving average of $173.82 and a two-hundred day simple moving average of $169.35. The stock has a market cap of $12.93 billion, a price-to-earnings ratio of 33.32, a PEG ratio of 1.59 and a beta of 0.99.

Texas Roadhouse (NASDAQ:TXRH) last announced its quarterly earnings data on Thursday, October 24th. The restaurant operator reported $1.26 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 for the quarter, compared to analyst estimates of $1.27 billion. During the same quarter in the previous year, the firm posted $0.95 earnings per share. The business’s revenue was up 13.5% on a year-over-year basis. Analysts forecast that Texas Roadhouse will post 6.38 EPS for the current 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 paid a dividend of $0.61 per share. The ex-dividend date of this dividend was Wednesday, September 4th. This represents a $2.44 annualized dividend and a yield of 1.26%. Texas Roadhouse’s dividend payout ratio (DPR) is presently 41.92%.

Institutional Investors Weigh In On Texas Roadhouse

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Ontario Teachers Pension Plan Board acquired a new stake in Texas Roadhouse during the 1st quarter worth $2,338,000. Mirae Asset Global Investments Co. Ltd. acquired a new stake in Texas Roadhouse during the 1st quarter worth $4,522,000. Sei Investments Co. boosted its stake in Texas Roadhouse by 31.6% during the 1st quarter. Sei Investments Co. now owns 73,707 shares of the restaurant operator’s stock worth $11,385,000 after purchasing an additional 17,691 shares during the last quarter. Vanguard Group Inc. boosted its stake in Texas Roadhouse by 0.8% during the 1st quarter. Vanguard Group Inc. now owns 6,476,056 shares of the restaurant operator’s stock worth $1,000,356,000 after purchasing an additional 53,419 shares during the last quarter. Finally, SG Americas Securities LLC boosted its position in shares of Texas Roadhouse by 200.6% during the 2nd quarter. SG Americas Securities LLC now owns 19,067 shares of the restaurant operator’s stock valued at $3,274,000 after acquiring an additional 12,725 shares during the last quarter. Institutional investors and hedge funds 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.