Texas Roadhouse (NASDAQ:TXRH) Price Target Raised to $205.00 at Morgan Stanley

Texas Roadhouse (NASDAQ:TXRH) had its price target raised by Morgan Stanley from $200.00 to $205.00 in a report released on Friday, Benzinga reports. Morgan Stanley currently has an equal weight rating on the restaurant operator’s stock.

Other equities analysts also recently issued research reports about the company. Bank of America raised their target price on Texas Roadhouse from $206.00 to $234.00 and gave the stock a “buy” rating in a research report on Tuesday. BTIG Research raised their target price on Texas Roadhouse from $175.00 to $190.00 and gave the stock a “buy” rating in a research report on Friday, July 26th. Deutsche Bank Aktiengesellschaft raised their target price on Texas Roadhouse from $190.00 to $193.00 and gave the stock a “buy” rating in a research report on Tuesday, July 16th. Citigroup raised their target price on Texas Roadhouse from $192.00 to $201.00 and gave the stock a “buy” rating in a research report on Tuesday, October 1st. Finally, JPMorgan Chase & Co. cut their target price on Texas Roadhouse from $184.00 to $180.00 and set a “neutral” rating for the company in a research report on Monday, July 29th. Twelve investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat, Texas Roadhouse currently has an average rating of “Hold” and an average target price of $188.00.

Texas Roadhouse Stock Performance

Shares of NASDAQ:TXRH traded up $6.48 during trading on Friday, hitting $187.38. 1,488,827 shares of the stock were exchanged, compared to its average volume of 772,449. Texas Roadhouse has a 1-year low of $93.79 and a 1-year high of $189.97. The company has a market capitalization of $12.49 billion, a price-to-earnings ratio of 34.01, a price-to-earnings-growth ratio of 1.61 and a beta of 0.99. The company’s fifty day simple moving average is $172.41 and its 200-day simple moving average is $168.32.

Texas Roadhouse (NASDAQ:TXRH) last announced its quarterly earnings data on Thursday, October 24th. The restaurant operator reported $1.26 earnings per share for the quarter, missing the consensus estimate of $1.33 by ($0.07). Texas Roadhouse had a return on equity of 30.94% and a net margin of 7.47%. The firm had revenue of $1.27 billion for the quarter, compared to analyst estimates of $1.27 billion. During the same period in the previous year, the business posted $0.95 EPS. Texas Roadhouse’s revenue for the quarter was up 13.5% compared to the same quarter last year. On average, research analysts forecast that Texas Roadhouse will post 6.37 earnings per share for the current fiscal year.

Texas Roadhouse Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 24th. Stockholders of record on Wednesday, September 4th were given a dividend of $0.61 per share. The ex-dividend date was Wednesday, September 4th. This represents a $2.44 dividend on an annualized basis and a dividend yield of 1.30%. Texas Roadhouse’s payout ratio is currently 44.28%.

Institutional Investors Weigh In On Texas Roadhouse

Institutional investors and hedge funds have recently made changes to their positions in the company. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of Texas Roadhouse during the second quarter worth $25,000. Hollencrest Capital Management acquired a new stake in shares of Texas Roadhouse during the second quarter worth $25,000. LRI Investments LLC acquired a new stake in shares of Texas Roadhouse during the first quarter worth $25,000. McClarren Financial Advisors Inc. grew its stake in shares of Texas Roadhouse by 4,175.0% during the second quarter. McClarren Financial Advisors Inc. now owns 171 shares of the restaurant operator’s stock worth $29,000 after purchasing an additional 167 shares during the period. Finally, PSI Advisors LLC grew its stake in shares of Texas Roadhouse by 70.8% during the third quarter. PSI Advisors LLC now owns 181 shares of the restaurant operator’s stock worth $32,000 after purchasing an additional 75 shares during the period. 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.