Texas Roadhouse (NASDAQ:TXRH) Given New $210.00 Price Target at Guggenheim

Texas Roadhouse (NASDAQ:TXRH - Free Report) had its price target hoisted by Guggenheim from $200.00 to $210.00 in a report published on Friday,Benzinga reports. The brokerage currently has a buy rating on the restaurant operator's stock.

Several other equities research analysts have also recently commented on the company. The Goldman Sachs Group increased their price target on Texas Roadhouse from $184.00 to $205.00 and gave the company a "neutral" rating in a report on Wednesday, June 4th. Wedbush increased their price objective on Texas Roadhouse from $200.00 to $210.00 and gave the stock an "outperform" rating in a research report on Friday, March 28th. UBS Group increased their price objective on Texas Roadhouse from $200.00 to $220.00 and gave the stock a "buy" rating in a research report on Friday, June 6th. Citigroup lowered Texas Roadhouse from a "buy" rating to a "neutral" rating and lowered their price target for the stock from $213.00 to $164.00 in a research report on Wednesday, April 23rd. Finally, JPMorgan Chase & Co. decreased their target price on Texas Roadhouse from $185.00 to $184.00 and set a "neutral" rating for the company in a report on Thursday, March 20th. Ten investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $192.52.

Texas Roadhouse Price Performance

NASDAQ TXRH traded up $1.71 during trading hours on Friday, reaching $188.09. The company's stock had a trading volume of 619,692 shares, compared to its average volume of 936,375. The firm has a market capitalization of $12.48 billion, a price-to-earnings ratio of 29.03, a P/E/G ratio of 2.49 and a beta of 0.87. Texas Roadhouse has a 1-year low of $148.73 and a 1-year high of $206.04. The company's 50-day moving average is $188.48 and its two-hundred day moving average is $178.70.

Texas Roadhouse (NASDAQ:TXRH - Get Free Report) last announced its earnings results on Thursday, May 8th. The restaurant operator reported $1.70 EPS for the quarter, missing analysts' consensus estimates of $1.75 by ($0.05). Texas Roadhouse had a net margin of 7.89% and a return on equity of 32.33%. The firm had revenue of $1.45 billion for the quarter, compared to analyst estimates of $1.44 billion. During the same period in the previous year, the company earned $1.69 EPS. Texas Roadhouse's revenue was up 11.8% compared to the same quarter last year. Equities analysts forecast that Texas Roadhouse will post 7.23 EPS for the current fiscal year.

Texas Roadhouse Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, July 1st. Investors of record on Tuesday, June 3rd were issued a $0.68 dividend. This represents a $2.72 dividend on an annualized basis and a dividend yield of 1.45%. The ex-dividend date was Tuesday, June 3rd. Texas Roadhouse's dividend payout ratio is currently 41.98%.

Insider Buying and Selling

In related news, Director Gregory N. Moore sold 1,000 shares of the company's stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $187.62, for a total value of $187,620.00. Following the sale, the director owned 38,050 shares in the company, valued at $7,138,941. This represents a 2.56% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Donna E. Epps sold 800 shares of the stock in a transaction on Friday, May 23rd. The stock was sold at an average price of $186.52, for a total value of $149,216.00. Following the transaction, the director directly owned 4,632 shares in the company, valued at approximately $863,960.64. This represents a 14.73% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.50% of the company's stock.

Hedge Funds Weigh In On Texas Roadhouse

Hedge funds have recently bought and sold shares of the company. Farther Finance Advisors LLC raised its holdings in Texas Roadhouse by 22.8% during the second quarter. Farther Finance Advisors LLC now owns 312 shares of the restaurant operator's stock worth $59,000 after purchasing an additional 58 shares in the last quarter. Advisory Alpha LLC boosted its holdings in Texas Roadhouse by 3.0% in the first quarter. Advisory Alpha LLC now owns 2,063 shares of the restaurant operator's stock worth $344,000 after purchasing an additional 60 shares in the last quarter. Valeo Financial Advisors LLC boosted its holdings in Texas Roadhouse by 2.3% during the first quarter. Valeo Financial Advisors LLC now owns 2,750 shares of the restaurant operator's stock valued at $458,000 after acquiring an additional 62 shares during the period. Optas LLC boosted its holdings in Texas Roadhouse by 1.3% during the first quarter. Optas LLC now owns 5,217 shares of the restaurant operator's stock valued at $869,000 after acquiring an additional 65 shares during the period. Finally, Oregon Public Employees Retirement Fund boosted its holdings in Texas Roadhouse by 0.5% during the first quarter. Oregon Public Employees Retirement Fund now owns 13,627 shares of the restaurant operator's stock valued at $2,271,000 after acquiring an additional 66 shares during the period. 94.82% of the stock is currently owned by institutional investors and hedge funds.

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.