Guggenheim Boosts Texas Roadhouse (NASDAQ:TXRH) Price Target to $210.00

Texas Roadhouse (NASDAQ:TXRH - Get Free Report) had its target price upped by analysts at Guggenheim from $200.00 to $210.00 in a research note issued to investors on Friday,Benzinga reports. The brokerage currently has a "buy" rating on the restaurant operator's stock. Guggenheim's price target suggests a potential upside of 12.67% from the stock's current price.

Several other research firms have also weighed in on TXRH. Robert W. Baird set a $180.00 price target on Texas Roadhouse and gave the company an "outperform" rating in a research report on Monday, April 7th. Citigroup lowered shares of Texas Roadhouse from a "buy" rating to a "neutral" rating and decreased their price target for the stock from $213.00 to $164.00 in a research note on Wednesday, April 23rd. Barclays decreased their price objective on shares of Texas Roadhouse from $179.00 to $175.00 and set an "equal weight" rating for the company in a research report on Friday, May 9th. The Goldman Sachs Group upped their target price on shares of Texas Roadhouse from $184.00 to $205.00 and gave the stock a "neutral" rating in a research note on Wednesday, June 4th. Finally, UBS Group raised their price objective on Texas Roadhouse from $200.00 to $220.00 and gave the stock a "buy" rating in a research note on Friday, June 6th. Ten analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. According to MarketBeat.com, Texas Roadhouse presently has a consensus rating of "Moderate Buy" and a consensus target price of $192.52.

Texas Roadhouse Stock Performance

NASDAQ:TXRH opened at $186.38 on Friday. Texas Roadhouse has a 52-week low of $148.73 and a 52-week high of $206.04. The firm has a market capitalization of $12.36 billion, a PE ratio of 28.76, a P/E/G ratio of 2.50 and a beta of 0.87. The stock has a 50-day simple moving average of $188.48 and a two-hundred day simple moving average of $178.70.

Texas Roadhouse (NASDAQ:TXRH - Get Free Report) last released 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). The business had revenue of $1.45 billion during the quarter, compared to the consensus estimate of $1.44 billion. Texas Roadhouse had a return on equity of 32.33% and a net margin of 7.89%. The firm's revenue for the quarter was up 11.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.69 earnings per share. Equities analysts forecast that Texas Roadhouse will post 7.23 earnings per share for the current fiscal year.

Insider Transactions at Texas Roadhouse

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

Institutional Investors Weigh In On Texas Roadhouse

A number of hedge funds have recently added to or reduced their stakes in TXRH. Vanguard Group Inc. raised its holdings in shares of Texas Roadhouse by 1.2% in the fourth quarter. Vanguard Group Inc. now owns 6,540,615 shares of the restaurant operator's stock worth $1,180,123,000 after buying an additional 76,051 shares during the period. Invesco Ltd. boosted its holdings in Texas Roadhouse by 5.9% during the fourth quarter. Invesco Ltd. now owns 2,479,323 shares of the restaurant operator's stock valued at $447,344,000 after acquiring an additional 138,675 shares during the period. Axiom Investors LLC DE grew its stake in shares of Texas Roadhouse by 3,696.7% during the first quarter. Axiom Investors LLC DE now owns 2,173,807 shares of the restaurant operator's stock valued at $362,221,000 after purchasing an additional 2,116,552 shares during the last quarter. T. Rowe Price Investment Management Inc. boosted its position in shares of Texas Roadhouse by 209.3% during the first quarter. T. Rowe Price Investment Management Inc. now owns 1,609,608 shares of the restaurant operator's stock worth $268,209,000 after purchasing an additional 1,089,256 shares in the last quarter. Finally, FMR LLC grew its stake in Texas Roadhouse by 44.8% in the 4th quarter. FMR LLC now owns 1,300,987 shares of the restaurant operator's stock valued at $234,737,000 after buying an additional 402,465 shares during the last quarter. 94.82% of the stock is currently owned by institutional investors.

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.

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