Several brokerages recently updated their ratings on Texas Roadhouse (TXRH). JPMorgan Chase lowered its target price from $184 to $180, maintaining a neutral rating. Morgan Stanley increased its target from $155 to $162, also with an equal weight rating. Wells Fargo raised its target from $165 to $175, keeping an equal weight rating. Deutsche Bank boosted its target from $190 to $193 and assigned a buy rating. Stephens increased its target from $170 to $176, with an equal weight rating. Currently, 13 analysts suggest holding and 10 recommend buying TXRH shares, giving it a consensus rating of Hold and a target price of $176.90.
Read Our Latest Analysis on TXRH
Texas Roadhouse Stock Up 1.8%
On Friday, TXRH rose $3.10 to $178.65, with a trading volume of 436,839 shares. The average volume is 777,798. TXRH has a market cap of $11.91 billion, a P/E ratio of 36.16, and a 52-week range of $91.06 to $180.69. It reported $1.79 EPS last quarter, beating estimates of $1.64, with a revenue of $1.34 billion, up 14.5% from last year.
Texas Roadhouse Announces Dividend
Texas Roadhouse declared a quarterly dividend of $0.61, paid on September 24th, with a yield of 1.37%. The payout ratio is 49.39%.
Hedge Funds Weigh In
Institutional investors are increasing their stakes, with several buying new positions recently. Hedge funds own 94.82% of TXRH shares.
Texas Roadhouse Company Profile
Founded in 1993 and based in Louisville, Kentucky, Texas Roadhouse operates casual dining restaurants in the U.S. and internationally, under various brands.
Further Reading
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