Texas Roadhouse (NASDAQ:TXRH) Given Buy Rating at Guggenheim

Texas Roadhouse (NASDAQ:TXRH)‘s stock had its “buy” rating reiterated by equities researchers at Guggenheim in a research note issued to investors on Monday,Benzinga reports. They presently have a $210.00 price target on the restaurant operator’s stock. Guggenheim’s price objective indicates a potential upside of 18.00% from the company’s previous close.

Other analysts also recently issued research reports about the stock. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $200.00 target price on shares of Texas Roadhouse in a research report on Friday, May 8th. BTIG Research reaffirmed a “buy” rating and issued a $200.00 price objective on shares of Texas Roadhouse in a research note on Friday, February 20th. Wall Street Zen upgraded shares of Texas Roadhouse from a “sell” rating to a “hold” rating in a research report on Sunday, May 10th. JPMorgan Chase & Co. lifted their target price on shares of Texas Roadhouse from $182.00 to $188.00 and gave the stock a “neutral” rating in a research note on Thursday. Finally, Piper Sandler boosted their target price on shares of Texas Roadhouse from $190.00 to $192.00 and gave the company a “neutral” rating in a report on Monday, May 11th. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and fourteen have given a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $195.09.

Texas Roadhouse Stock Performance

NASDAQ TXRH opened at $177.97 on Monday. The firm has a market capitalization of $11.70 billion, a PE ratio of 28.43, a price-to-earnings-growth ratio of 1.95 and a beta of 0.77. The business’s 50-day moving average price is $166.60 and its two-hundred day moving average price is $172.76. The company has a current ratio of 0.46, a quick ratio of 0.40 and a debt-to-equity ratio of 0.03. Texas Roadhouse has a 12 month low of $153.82 and a 12 month high of $199.99.

Texas Roadhouse (NASDAQ:TXRH) last issued its quarterly earnings data on Thursday, May 7th. The restaurant operator reported $1.87 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.80 by $0.07. The company had revenue of $1.63 billion during the quarter, compared to the consensus estimate of $1.64 billion. Texas Roadhouse had a return on equity of 27.86% and a net margin of 6.85%.The firm’s revenue was up 10.5% compared to the same quarter last year. During the same period last year, the company earned $1.70 earnings per share. On average, analysts expect that Texas Roadhouse will post 6.39 EPS for the current year.

Insider Activity at Texas Roadhouse

In other news, President Regina A. Tobin sold 4,450 shares of Texas Roadhouse stock in a transaction on Thursday, March 19th. The shares were sold at an average price of $171.00, for a total value of $760,950.00. Following the completion of the sale, the president owned 13,778 shares in the company, valued at $2,356,038. The trade was a 24.41% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Lloyd Paul Marshall sold 1,000 shares of the business’s stock in a transaction on Thursday, May 14th. The shares were sold at an average price of $178.34, for a total transaction of $178,340.00. Following the transaction, the insider owned 10,326 shares in the company, valued at $1,841,538.84. The trade was a 8.83% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 17,878 shares of company stock worth $3,102,411. Corporate insiders own 0.50% of the company’s stock.

Hedge Funds Weigh In On Texas Roadhouse

Institutional investors and hedge funds have recently made changes to their positions in the stock. Elyxium Wealth LLC acquired a new position in Texas Roadhouse during the 4th quarter worth approximately $25,000. Princeton Global Asset Management LLC acquired a new stake in Texas Roadhouse in the fourth quarter valued at approximately $31,000. Measured Wealth Private Client Group LLC bought a new stake in shares of Texas Roadhouse during the third quarter valued at approximately $33,000. Garton & Associates Financial Advisors LLC acquired a new position in shares of Texas Roadhouse during the fourth quarter worth approximately $34,000. Finally, Root Financial Partners LLC acquired a new position in shares of Texas Roadhouse during the third quarter worth approximately $36,000. Institutional investors own 94.82% of the company’s stock.

Texas Roadhouse Company Profile

Texas Roadhouse, Inc is a casual dining restaurant chain specializing in hand‐cut steaks, fall‐off‐the‐bone ribs, chicken, seafood and house specialties. Each restaurant features a Western‐themed décor, open kitchens and a signature line dance presentation of fresh, made‐from‐scratch sides and breads. The company emphasizes an energetic dining experience, focusing on hospitality, value and a family‐friendly environment.

The concept was created in 1993 by founder Kent Taylor, who sought to combine high‐quality steaks with an approachable, community‐oriented atmosphere.