Texas Roadhouse (NASDAQ:TXRH) Price target raised to $110.00 at Citigroup


Texas Roadhouse (NASDAQ:TXRH – Get Note) had its price target raised by Citigroup to $110.00 in a report on Tuesday, Stock Target Advisor reports.

A number of other research companies have also published reports on TXRH. BMO Capital Markets cut its price target on Texas Roadhouse shares from $95.00 to $90.00 in a Friday, May 6 research report. Morgan Stanley raised its price target on Texas Roadhouse from $89.00 to $93.00 and gave the stock an equal weight rating in a Friday, July 29 report. Wedbush lowered its price target on Texas Roadhouse from $100.00 to $95.00 and set an outperform rating for the stock in a Friday July 29 report. MKM Partners lowered its price target on Texas Roadhouse from $115.00 to $100.00 and set a buy rating on the stock in a Thursday, May 26 report. Finally, Barclays lowered its price target on Texas Roadhouse from $92.00 to $87.00 and set an equal weight rating on the stock in a Thursday, June 9 report. Seven analysts gave the stock a hold rating, fourteen gave the company a buy rating and one gave the company a strong buy rating. Based on data from MarketBeat.com, the stock has an average moderate buy rating and a consensus target price of $102.23.

Texas Roadhouse Price Performance

NASDAQ TXRH opened at $89.20 on Tuesday. The company has a 50-day simple moving average of $79.72 and a 200-day simple moving average of $81.75. The company has a debt ratio of 0.08, a current ratio of 0.24 and a quick ratio of 0.73. The company has a market capitalization of $6.08 billion, a price-to-earnings ratio of 24.37, a growth price-to-earnings ratio of 1.66 and a beta of 0.99. Texas Roadhouse has a 52-week low of $68.58 and a 52-week high of $97.43.

Texas Roadhouse (NASDAQ:TXRH – Get Rating) last released its quarterly results on Thursday, July 28. The restaurateur reported earnings per share (EPS) of $1.07 for the quarter, beating analyst consensus estimates of $1.03 by $0.04. The company posted revenue of $1.02 billion in the quarter, compared to analysts’ estimates of $1.02 billion. Texas Roadhouse had a net margin of 6.71% and a return on equity of 24.45%. The company’s revenues increased by 14.0% compared to the same quarter last year. In the same period a year earlier, the company earned earnings per share of $1.08. Equity research analysts expect Texas Roadhouse to post earnings per share of 3.84 for the current fiscal year.

Texas Roadhouse Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 24. Shareholders of record on Wednesday, June 8 received a dividend of $0.46. The ex-dividend date was Tuesday, June 7. This represents an annualized dividend of $1.84 and a dividend yield of 2.06%. Texas Roadhouse’s payout ratio is 50.27%.

Insider trading at the Texas Roadhouse

Separately, insider Hernan E. Mujica sold 2,000 shares of the company in a trade on Thursday, June 2. The shares were sold at an average price of $78.49, for a total value of $156,980.00. Following the sale, the insider now owns 15,260 shares of the company, valued at $1,197,757.40. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Separately, insider Hernan E. Mujica sold 2,000 shares of the company in a trade on Thursday, June 2. The shares were sold at an average price of $78.49, for a total value of $156,980.00. Following the sale, the insider now owns 15,260 shares of the company, valued at $1,197,757.40. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Additionally, director Curtis Warfield purchased 3,362 shares of Texas Roadhouse in a transaction that took place on Monday, May 23. The shares were purchased at an average cost of $71.03 per share, with a total value of $238,802.86. Following completion of the transaction, the administrator now owns 15,662 shares of the company, valued at $1,112,471.86. Disclosure of this purchase can be found here. During the last quarter, insiders sold 7,338 shares of the company worth $630,613. Insiders hold 0.60% of the shares of the company.

Institutional entries and exits

Several hedge funds and other institutional investors have recently bought and sold shares of TXRH. HM Payson & Co. bought a new position in Texas Roadhouse in the first quarter worth $25,000. TCI Wealth Advisors Inc. increased its position in Texas Roadhouse by 319.5% in the second quarter. TCI Wealth Advisors Inc. now owns 344 shares of the restaurateur worth $25,000 after buying 262 additional shares during the period. First Horizon Advisors Inc. increased its position in Texas Roadhouse by 96.6% in the second quarter. First Horizon Advisors Inc. now owns 405 shares of the restaurateur worth $29,000 after purchasing an additional 199 shares during the period. CENTRAL TRUST Co increased its position in Texas Roadhouse by 92.7% in the first quarter. CENTRAL TRUST Co now owns 578 shares of the restaurateur worth $48,000 after purchasing an additional 278 shares during the period. Finally, Point72 Hong Kong Ltd bought a new position in Texas Roadhouse in the fourth quarter worth $51,000. 96.29% of the shares are held by institutional investors.

Texas Roadhouse Company Profile

(Get a rating)

Texas Roadhouse, Inc, together with its subsidiaries, operates casual dining restaurants in the United States and internationally. The company operates and franchises restaurants under the names Texas Roadhouse, Bubba’s 33 and Jaggers. As of December 28, 2021, it operated 566 national restaurants and 101 franchise restaurants.

Featured Articles

Analyst Recommendations for Texas Roadhouse (NASDAQ: TXRH)



Get news and reviews for Texas Roadhouse Daily – Enter your email address below to receive a concise daily summary of breaking news and analyst ratings for Texas Roadhouse and related companies with MarketBeat.com’s free daily email newsletter.

About James Almanza

Check Also

New Champagne and Caviar Lounge Coming to the Fairmont and More Austin Food and Beverage Updates

Austin is full of new restaurants and bars opening or expanding beloved local chains. Whether …