Texas Roadhouse (NASDAQ:TXRH) Receives "Buy" Rating from Guggenheim

Key Points

• Texas Roadhouse received a "buy" rating from Guggenheim with a price target of $210.00, indicating a potential upside of 27.16% from its current stock price.
• The company's most recent earnings report showed $1.86 earnings per share, missing expectations by $0.09, despite a revenue of $1.51 billion, which was slightly above analysts’ forecasts.
• Insider trading activity includes sales by key executives, indicating a decrease in their share positions, with over 8,300 shares sold recently valued at approximately $1.44 million.

Texas Roadhouse (NASDAQ:TXRH - Get Free Report)'s stock had its "buy" rating reiterated by equities researchers at Guggenheim in a report issued on Tuesday,Benzinga reports. They currently have a $210.00 price target on the restaurant operator's stock. Guggenheim's price target indicates a potential upside of 27.16% from the company's current price.

TXRH has been the topic of several other reports. Truist Financial set a $212.00 price target on shares of Texas Roadhouse and gave the company a "buy" rating in a report on Wednesday, July 2nd. UBS Group upped their price target on shares of Texas Roadhouse from $200.00 to $220.00 and gave the stock a "buy" rating in a research report on Friday, June 6th. Evercore ISI downgraded shares of Texas Roadhouse from an "outperform" rating to an "in-line" rating and set a $190.00 price objective for the company. in a report on Thursday, September 4th. The Goldman Sachs Group increased their price objective on shares of Texas Roadhouse from $184.00 to $205.00 and gave the company a "neutral" rating in a report on Wednesday, June 4th. Finally, Deutsche Bank Aktiengesellschaft reissued a "buy" rating on shares of Texas Roadhouse in a research note on Tuesday, July 15th. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and eleven have assigned a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $197.35.

Texas Roadhouse Price Performance

Shares of TXRH opened at $165.14 on Tuesday. The firm has a market capitalization of $10.97 billion, a PE ratio of 25.21, a price-to-earnings-growth ratio of 2.28 and a beta of 0.84. Texas Roadhouse has a 1-year low of $148.73 and a 1-year high of $206.04. The company's fifty day moving average price is $178.17 and its 200-day moving average price is $178.40.

Texas Roadhouse (NASDAQ:TXRH - Get Free Report) last announced its quarterly earnings data on Thursday, August 7th. The restaurant operator reported $1.86 earnings per share for the quarter, missing analysts' consensus estimates of $1.95 by ($0.09). The company had revenue of $1.51 billion for the quarter, compared to analysts' expectations of $1.50 billion. Texas Roadhouse had a net margin of 7.72% and a return on equity of 31.52%. Texas Roadhouse's quarterly revenue was up 12.7% compared to the same quarter last year. During the same period last year, the firm earned $1.79 earnings per share. As a group, research analysts anticipate that Texas Roadhouse will post 7.23 EPS for the current fiscal year.

Insiders Place Their Bets

In other Texas Roadhouse news, Director Gregory N. Moore sold 3,000 shares of the firm's stock in a transaction on Monday, August 18th. The shares were sold at an average price of $173.06, for a total transaction of $519,180.00. Following the transaction, the director directly owned 34,550 shares of the company's stock, valued at approximately $5,979,223. This trade represents a 7.99% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, President Regina A. Tobin sold 3,153 shares of the firm's stock in a transaction on Monday, August 18th. The stock was sold at an average price of $173.53, for a total transaction of $547,140.09. Following the transaction, the president directly owned 15,261 shares in the company, valued at $2,648,241.33. The trade was a 17.12% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 8,342 shares of company stock valued at $1,443,704. Insiders own 0.50% of the company's stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Brooklyn Investment Group boosted its holdings in shares of Texas Roadhouse by 478.6% in the first quarter. Brooklyn Investment Group now owns 162 shares of the restaurant operator's stock valued at $27,000 after acquiring an additional 134 shares in the last quarter. Bogart Wealth LLC purchased a new stake in shares of Texas Roadhouse in the first quarter valued at about $33,000. Ameritas Advisory Services LLC purchased a new stake in shares of Texas Roadhouse in the second quarter valued at about $53,000. WPG Advisers LLC purchased a new stake in Texas Roadhouse during the first quarter worth about $59,000. Finally, Farther Finance Advisors LLC boosted 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 buying an additional 58 shares in the last quarter. 94.82% of the stock is owned by hedge funds and other institutional investors.

About Texas Roadhouse

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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