Texas Roadhouse (NASDAQ:TXRH) Price Target Lowered to $200.00 at Guggenheim

Texas Roadhouse (NASDAQ:TXRH) had its target price decreased by Guggenheim from $205.00 to $200.00 in a report published on Thursday morning,Benzinga reports. Guggenheim currently has a buy rating on the restaurant operator’s stock.

Several other analysts have also recently weighed in on the stock. Wedbush lowered their price objective on shares of Texas Roadhouse from $220.00 to $200.00 and set an “outperform” rating on the stock in a research report on Friday, February 21st. Barclays lowered their price objective on shares of Texas Roadhouse from $194.00 to $178.00 and set an “equal weight” rating on the stock in a research report on Friday, February 21st. Stifel Nicolaus lowered their price objective on shares of Texas Roadhouse from $185.00 to $172.00 and set a “hold” rating on the stock in a research report on Friday, February 21st. Stephens lowered their price objective on shares of Texas Roadhouse from $186.00 to $180.00 and set an “equal weight” rating on the stock in a research report on Friday, February 21st. Finally, Gordon Haskett cut shares of Texas Roadhouse from a “buy” rating to a “hold” rating and set a $192.00 target price on the stock. in a research report on Wednesday, January 8th. Eleven research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat, Texas Roadhouse presently has an average rating of “Moderate Buy” and an average price target of $192.73.

Texas Roadhouse Price Performance

Shares of NASDAQ:TXRH opened at $177.90 on Thursday. The firm has a fifty day moving average price of $178.51 and a two-hundred day moving average price of $180.31. Texas Roadhouse has a one year low of $146.75 and a one year high of $206.04. The company has a market cap of $11.87 billion, a price-to-earnings ratio of 27.50, a PEG ratio of 1.23 and a beta of 1.02.

Texas Roadhouse (NASDAQ:TXRH) last posted its quarterly earnings data on Thursday, February 20th. The restaurant operator reported $1.73 earnings per share for the quarter, beating the consensus estimate of $1.66 by $0.07. The firm had revenue of $1.44 billion for 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%. Equities research analysts expect 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. Shareholders of record on Tuesday, March 18th will be given a $0.68 dividend. This is a boost from Texas Roadhouse’s previous quarterly dividend of $0.61. The ex-dividend date is Tuesday, March 18th. This represents a $2.72 dividend on an annualized basis and a dividend yield of 1.53%. Texas Roadhouse’s payout ratio is presently 42.04%.

Insider Buying and Selling at Texas Roadhouse

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

Institutional Investors Weigh In On Texas Roadhouse

A number of large investors have recently modified their holdings of TXRH. Kingsview Wealth Management LLC boosted its stake in Texas Roadhouse by 3.1% during the third quarter. Kingsview Wealth Management LLC now owns 1,771 shares of the restaurant operator’s stock worth $313,000 after acquiring an additional 54 shares in the last quarter. Cornerstone Investment Partners LLC boosted its stake 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 worth $390,000 after acquiring an additional 56 shares in the last quarter. Lifestyle Asset Management Inc. boosted its stake 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 worth $289,000 after acquiring an additional 60 shares in the last quarter. CIBC Asset Management Inc boosted its stake in Texas Roadhouse by 3.3% during the third quarter. CIBC Asset Management Inc now owns 1,952 shares of the restaurant operator’s stock worth $345,000 after acquiring an additional 62 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB boosted its stake in Texas Roadhouse by 32.2% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 267 shares of the restaurant operator’s stock worth $48,000 after acquiring an additional 65 shares in the last quarter. Institutional investors own 94.82% of the company’s stock.

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.