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

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

TXRH has been the topic of a number of other research reports. Stephens restated an "equal weight" rating and set a $170.00 price target on shares of Texas Roadhouse in a research note on Tuesday, June 10th. Wedbush boosted their price target on Texas Roadhouse from $200.00 to $210.00 and gave the stock an "outperform" rating in a research note on Friday, March 28th. Wells Fargo & Company dropped their price target on Texas Roadhouse from $175.00 to $170.00 and set an "equal weight" rating on the stock in a research note on Tuesday, April 22nd. UBS Group boosted their price target on Texas Roadhouse from $200.00 to $220.00 and gave the stock a "buy" rating in a research note on Friday, June 6th. Finally, The Goldman Sachs Group boosted their price target on Texas Roadhouse from $184.00 to $205.00 and gave the stock a "neutral" rating in a research note on Wednesday, June 4th. Ten investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $194.09.

Texas Roadhouse Stock Performance

TXRH traded up $0.39 on Friday, hitting $188.48. The company had a trading volume of 879,441 shares, compared to its average volume of 937,108. The stock has a fifty day moving average price of $188.81 and a 200-day moving average price of $178.68. Texas Roadhouse has a 12-month low of $148.73 and a 12-month high of $206.04. The stock has a market capitalization of $12.50 billion, a price-to-earnings ratio of 29.09, a P/E/G ratio of 2.52 and a beta of 0.87.

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

Texas Roadhouse Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, July 1st. Shareholders of record on Tuesday, June 3rd were issued a $0.68 dividend. This represents a $2.72 dividend on an annualized basis and a yield of 1.44%. The ex-dividend date of this dividend was Tuesday, June 3rd. Texas Roadhouse's payout ratio is presently 41.98%.

Insider Buying and Selling

In other Texas Roadhouse news, Director Donna E. Epps sold 800 shares of the company's 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 completion of the sale, the director directly owned 4,632 shares in the company, valued at $863,960.64. This represents a 14.73% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Gregory N. Moore sold 1,000 shares of the company'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 owned 38,050 shares of the company's stock, valued at approximately $7,138,941. The trade was a 2.56% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.50% of the company's stock.

Hedge Funds Weigh In On Texas Roadhouse

A number of hedge funds have recently modified their holdings of the business. Brooklyn Investment Group boosted its holdings in Texas Roadhouse by 478.6% during the 1st quarter. Brooklyn Investment Group now owns 162 shares of the restaurant operator's stock valued at $27,000 after acquiring an additional 134 shares during the period. Bogart Wealth LLC purchased a new position in Texas Roadhouse during the 1st quarter valued at about $33,000. Coppell Advisory Solutions LLC boosted its holdings in Texas Roadhouse by 56.8% during the 4th quarter. Coppell Advisory Solutions LLC now owns 196 shares of the restaurant operator's stock valued at $35,000 after acquiring an additional 71 shares during the period. WPG Advisers LLC purchased a new position in Texas Roadhouse during the 1st quarter valued at about $59,000. Finally, Farther Finance Advisors LLC boosted its holdings in Texas Roadhouse by 22.8% during the 2nd quarter. Farther Finance Advisors LLC now owns 312 shares of the restaurant operator's stock valued at $59,000 after acquiring an additional 58 shares during the period. 94.82% of the stock is currently owned by hedge funds and other 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.