Texas Roadhouse (TXRH) has received several analyst updates. JPMorgan lowered its target price from $184 to $180, keeping a neutral rating. Morgan Stanley upped its target from $155 to $162, maintaining equal weight, while Wells Fargo raised theirs from $165 to $175. Deutsche Bank increased their target from $190 to $193 with a buy rating. Stephens lifted their target from $170 to $176, also with equal weight. Currently, 13 analysts rate the stock as hold and 10 as buy, giving it an overall consensus rating of Hold and a target price of $176.90.
Texas Roadhouse Stock Performance
On Friday, TXRH shares rose by 1.8%, reaching $178.65, with a trading volume of 436,839. The company has a market cap of $11.91 billion and a P/E ratio of 36.16. The stock has a 52-week range from $91.06 to $180.69. Last reported earnings were $1.79 per share, beating estimates of $1.64, with a revenue of $1.34 billion.
Recent Dividend Announcement
The company announced a quarterly dividend of $0.61 per share for those invested as of September 4th, resulting in an annual yield of 1.37%.
Institutional Investment Activity
Recently, some hedge funds increased their holdings in TXRH. For instance, Thurston Springer and Hollencrest Capital each bought stakes valued around $25,000, while McClarren increased its stake significantly. Currently, around 94.82% of the stock is held by institutional investors.
Company Overview
Founded in 1993 and based in Louisville, Kentucky, Texas Roadhouse operates casual dining restaurants in the U.S. and internationally under several brand names, including its flagship Texas Roadhouse.
Further Reading
- Five stocks we like better than Texas Roadhouse
- Retail Stocks Investing, Explained
- 3 Small-Cap Stocks on the Way to Bigger and Better Days
- Using the MarketBeat Dividend Yield Calculator
- MarketBeat Week in Review – 9/30 – 10/4
- What Investors Need to Know to Beat the Market
- Top Streaming Companies: Who’s Winning the Battle?
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