Texas Roadhouse (NASDAQ:TXRH) Given New $200.00 Price Target at Guggenheim

Texas Roadhouse (NASDAQ:TXRH) had its target price reduced by equities researchers at Guggenheim from $205.00 to $200.00 in a research report issued on Thursday,Benzinga reports. The firm currently has a “buy” rating on the restaurant operator’s stock. Guggenheim’s price target would indicate a potential upside of 12.59% from the stock’s previous close.

TXRH has been the topic of several other reports. Stifel Nicolaus cut their price target on shares of Texas Roadhouse from $185.00 to $172.00 and set a “hold” rating on the stock in a report on Friday, February 21st. Morgan Stanley raised Texas Roadhouse from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $205.00 to $213.00 in a report on Tuesday, January 21st. Citigroup lifted their price target on Texas Roadhouse from $212.00 to $213.00 and gave the stock a “buy” rating in a report on Friday, February 21st. Barclays reduced their price objective on Texas Roadhouse from $194.00 to $178.00 and set an “equal weight” rating for the company in a research note on Friday, February 21st. Finally, Gordon Haskett cut Texas Roadhouse from a “buy” rating to a “hold” rating and set a $192.00 target price on the stock. in a research note on Wednesday, January 8th. Eleven analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $192.73.

Texas Roadhouse Trading Up 1.1 %

Texas Roadhouse stock traded up $1.92 during midday trading on Thursday, reaching $177.63. The stock had a trading volume of 144,166 shares, compared to its average volume of 1,094,778. The company has a fifty day moving average price of $178.61 and a two-hundred day moving average price of $180.32. Texas Roadhouse has a 12 month low of $146.75 and a 12 month high of $206.04. The company has a market capitalization of $11.85 billion, a P/E ratio of 27.45, a PEG ratio of 1.23 and a beta of 1.02.

Texas Roadhouse (NASDAQ:TXRH) last released its quarterly earnings data on Thursday, February 20th. The restaurant operator reported $1.73 earnings per share for the quarter, beating analysts’ consensus estimates of $1.66 by $0.07. Texas Roadhouse had a net margin of 8.07% and a return on equity of 34.02%. The firm had revenue of $1.44 billion for the quarter, compared to analyst estimates of $1.41 billion. On average, equities research analysts predict that Texas Roadhouse will post 7.23 earnings per share for the current fiscal year.

Insider Activity at Texas Roadhouse

In related news, CTO Hernan E. Mujica sold 2,050 shares of the business’s stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $170.66, for a total value of $349,853.00. Following the completion of the sale, the chief technology officer now owns 17,162 shares in the company, valued at $2,928,866.92. The trade was a 10.67 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Christopher C. Colson sold 1,370 shares of the company’s stock in a transaction that occurred on Friday, January 10th. The stock was sold at an average price of $179.46, for a total value of $245,860.20. Following the completion of the sale, the insider now directly owns 10,000 shares of the company’s stock, valued at approximately $1,794,600. This represents a 12.05 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 6,120 shares of company stock valued at $1,050,015 over the last 90 days. 0.50% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in TXRH. Kingsview Wealth Management LLC grew its holdings in shares of Texas Roadhouse by 3.1% during the 3rd quarter. Kingsview Wealth Management LLC now owns 1,771 shares of the restaurant operator’s stock valued at $313,000 after purchasing an additional 54 shares during the last quarter. Cornerstone Investment Partners LLC boosted its position in Texas Roadhouse by 2.7% during the fourth quarter. Cornerstone Investment Partners LLC now owns 2,159 shares of the restaurant operator’s stock valued at $390,000 after buying an additional 56 shares during the period. Lifestyle Asset Management Inc. boosted its position in Texas Roadhouse by 3.9% during the fourth quarter. Lifestyle Asset Management Inc. now owns 1,603 shares of the restaurant operator’s stock valued at $289,000 after buying an additional 60 shares during the period. CIBC Asset Management Inc grew its stake in shares of Texas Roadhouse by 3.3% during the third quarter. CIBC Asset Management Inc now owns 1,952 shares of the restaurant operator’s stock valued at $345,000 after buying an additional 62 shares during the last quarter. Finally, MassMutual Private Wealth & Trust FSB increased its holdings in shares of Texas Roadhouse by 32.2% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 267 shares of the restaurant operator’s stock worth $48,000 after buying an additional 65 shares during the period. 94.82% of the stock is 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.