Texas Roadhouse (NASDAQ:TXRH) Stock Price Expected to Rise, The Goldman Sachs Group Analyst Says

Texas Roadhouse (NASDAQ:TXRH - Free Report) had its price target hoisted by The Goldman Sachs Group from $184.00 to $205.00 in a research note released on Wednesday,Benzinga reports. The firm currently has a neutral rating on the restaurant operator's stock.

A number of other analysts have also weighed in on TXRH. Barclays reduced their target price on Texas Roadhouse from $179.00 to $175.00 and set an "equal weight" rating on the stock in a research note on Friday, May 9th. Stifel Nicolaus reduced their target price on Texas Roadhouse from $172.00 to $170.00 and set a "hold" rating on the stock in a research note on Tuesday, April 15th. Truist Financial dropped their price target on Texas Roadhouse from $209.00 to $205.00 and set a "buy" rating on the stock in a research report on Friday, February 21st. UBS Group dropped their price target on Texas Roadhouse from $210.00 to $200.00 and set a "buy" rating on the stock in a research report on Monday, May 5th. Finally, 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 report on Tuesday, April 22nd. Ten equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $191.24.

Texas Roadhouse Stock Performance

TXRH stock traded down $3.43 during midday trading on Wednesday, reaching $191.68. The company's stock had a trading volume of 555,195 shares, compared to its average volume of 915,875. The stock has a fifty day simple moving average of $174.76 and a two-hundred day simple moving average of $179.45. Texas Roadhouse has a 1 year low of $148.73 and a 1 year high of $206.04. The firm has a market capitalization of $12.72 billion, a price-to-earnings ratio of 29.63, a PEG ratio of 1.23 and a beta of 0.87.

Texas Roadhouse (NASDAQ:TXRH - Get Free Report) last released its earnings results on Thursday, May 8th. The restaurant operator reported $1.70 earnings per share for the quarter, missing analysts' consensus estimates of $1.75 by ($0.05). Texas Roadhouse had a return on equity of 34.02% and a net margin of 8.07%. The business had revenue of $1.45 billion during the quarter, compared to analysts' expectations of $1.44 billion. During the same quarter in the previous year, the business earned $1.69 EPS. The business's revenue for the quarter was up 11.8% on a year-over-year basis. As a group, analysts forecast that Texas Roadhouse will post 7.23 EPS for the current fiscal year.

Texas Roadhouse Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 1st. Investors of record on Tuesday, June 3rd will be given a dividend of $0.68 per share. This represents a $2.72 dividend on an annualized basis and a yield of 1.42%. The ex-dividend date of this dividend is Tuesday, June 3rd. Texas Roadhouse's payout ratio is currently 41.98%.

Insider Buying and Selling at Texas Roadhouse

In other news, Director Gregory N. Moore sold 1,000 shares of the firm's stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $187.62, for a total value of $187,620.00. Following the completion of the transaction, the director now directly owns 38,050 shares in the company, valued at $7,138,941. This trade represents a 2.56% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Donna E. Epps sold 800 shares of the firm's stock in a transaction dated 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 transaction, the director now owns 4,632 shares of the company's stock, valued at approximately $863,960.64. The trade was a 14.73% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.50% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. grew its holdings in Texas Roadhouse by 1.2% in the fourth quarter. Vanguard Group Inc. now owns 6,540,615 shares of the restaurant operator's stock valued at $1,180,123,000 after purchasing an additional 76,051 shares during the period. Invesco Ltd. raised its position in Texas Roadhouse by 5.9% in the fourth quarter. Invesco Ltd. now owns 2,479,323 shares of the restaurant operator's stock valued at $447,344,000 after purchasing an additional 138,675 shares during the period. Axiom Investors LLC DE raised its position in Texas Roadhouse by 3,696.7% in 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 period. T. Rowe Price Investment Management Inc. raised its position in Texas Roadhouse by 209.3% in the first quarter. T. Rowe Price Investment Management Inc. now owns 1,609,608 shares of the restaurant operator's stock valued at $268,209,000 after purchasing an additional 1,089,256 shares during the period. Finally, FMR LLC raised its position in Texas Roadhouse by 44.8% in the fourth quarter. FMR LLC now owns 1,300,987 shares of the restaurant operator's stock valued at $234,737,000 after purchasing an additional 402,465 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.