Texas Roadhouse (NASDAQ:TXRH) Price Target Cut to $200.00 by Analysts at Guggenheim

Texas Roadhouse (NASDAQ:TXRH) had its price objective reduced by Guggenheim from $205.00 to $200.00 in a research report sent to investors on Thursday morning,Benzinga reports. They currently have a buy rating on the restaurant operator’s stock.

TXRH has been the subject of several other reports. Stephens decreased their target price on shares of Texas Roadhouse from $186.00 to $180.00 and set an “equal weight” rating for the company in a report on Friday, February 21st. Truist Financial decreased their price objective on shares of Texas Roadhouse from $209.00 to $205.00 and set a “buy” rating for the company in a report on Friday, February 21st. Citigroup boosted their price objective on shares of Texas Roadhouse from $212.00 to $213.00 and gave the company a “buy” rating in a report on Friday, February 21st. Wedbush decreased their price objective on shares of Texas Roadhouse from $220.00 to $200.00 and set an “outperform” rating for the company in a report on Friday, February 21st. Finally, Stifel Nicolaus decreased their price objective on shares of Texas Roadhouse from $185.00 to $172.00 and set a “hold” rating for the company in a report on Friday, February 21st. Eleven investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $192.73.

Texas Roadhouse Stock Performance

Shares of Texas Roadhouse stock opened at $177.90 on Thursday. The stock has a market capitalization of $11.87 billion, a PE ratio of 27.50, a price-to-earnings-growth ratio of 1.23 and a beta of 1.02. Texas Roadhouse has a 52-week low of $146.75 and a 52-week high of $206.04. The company has a 50-day simple moving average of $178.51 and a two-hundred day simple moving average of $180.31.

Texas Roadhouse (NASDAQ:TXRH) last issued its earnings results on Thursday, February 20th. The restaurant operator reported $1.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.66 by $0.07. The business had revenue of $1.44 billion during the quarter, compared to analysts’ expectations of $1.41 billion. Texas Roadhouse had a net margin of 8.07% and a return on equity of 34.02%. As a group, equities research analysts forecast that Texas Roadhouse will post 7.23 EPS for the current fiscal year.

Texas Roadhouse Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Tuesday, March 18th will be given a dividend of $0.68 per share. This represents a $2.72 annualized dividend and a dividend yield of 1.53%. This is an increase from Texas Roadhouse’s previous quarterly dividend of $0.61. The ex-dividend date of this dividend is Tuesday, March 18th. Texas Roadhouse’s dividend payout ratio (DPR) is presently 42.04%.

Insider Activity

In other Texas Roadhouse news, CTO Hernan E. Mujica sold 2,050 shares of Texas Roadhouse stock in a transaction on Monday, February 24th. The shares were sold at an average price of $170.66, for a total value of $349,853.00. Following the sale, the chief technology officer now directly owns 17,162 shares in the company, valued at approximately $2,928,866.92. The trade was a 10.67 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Christopher C. Colson sold 1,370 shares of Texas Roadhouse stock in a transaction on Friday, January 10th. The shares were sold at an average price of $179.46, for a total transaction of $245,860.20. Following the completion of the sale, the insider now owns 10,000 shares in the company, valued at approximately $1,794,600. This represents a 12.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 6,120 shares of company stock worth $1,050,015 in the last three months. Company insiders own 0.50% of the company’s stock.

Institutional Trading of Texas Roadhouse

A number of institutional investors and hedge funds have recently bought and sold shares of TXRH. Blue Trust Inc. increased its holdings in Texas Roadhouse by 209.9% in the 3rd quarter. Blue Trust Inc. now owns 471 shares of the restaurant operator’s stock valued at $81,000 after acquiring an additional 319 shares during the last quarter. International Assets Investment Management LLC increased its holdings in Texas Roadhouse by 17,559.6% in the 3rd quarter. International Assets Investment Management LLC now owns 20,132 shares of the restaurant operator’s stock valued at $3,555,000 after acquiring an additional 20,018 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its holdings in Texas Roadhouse by 101.0% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 8,894 shares of the restaurant operator’s stock valued at $1,571,000 after acquiring an additional 4,469 shares during the last quarter. State of Alaska Department of Revenue increased its holdings in Texas Roadhouse by 7.2% in the 3rd quarter. State of Alaska Department of Revenue now owns 7,767 shares of the restaurant operator’s stock valued at $1,371,000 after acquiring an additional 525 shares during the last quarter. Finally, abrdn plc increased its holdings in shares of Texas Roadhouse by 33.8% in the 3rd quarter. abrdn plc now owns 212,039 shares of the restaurant operator’s stock worth $37,446,000 after buying an additional 53,549 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.