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

Texas Roadhouse (NASDAQ:TXRH) had its price objective decreased by Guggenheim from $205.00 to $200.00 in a research report issued on Thursday,Benzinga reports. The firm presently has a “buy” rating on the restaurant operator’s stock. Guggenheim’s price target indicates a potential upside of 12.59% from the stock’s current price.

TXRH has been the subject of a number of other research reports. Citigroup boosted their price target on Texas Roadhouse from $212.00 to $213.00 and gave the stock a “buy” rating in a research report on Friday, February 21st. Barclays reduced their price objective on shares of Texas Roadhouse from $194.00 to $178.00 and set an “equal weight” rating for the company in a report on Friday, February 21st. Wedbush lowered their target price on shares of Texas Roadhouse from $220.00 to $200.00 and set an “outperform” rating on the stock in a research note on Friday, February 21st. Stephens reduced their price target on shares of Texas Roadhouse from $186.00 to $180.00 and set an “equal weight” rating for the company in a research note on Friday, February 21st. Finally, 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 note on Friday, February 21st. Eleven equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $192.73.

Texas Roadhouse Stock Up 1.1 %

TXRH stock traded up $1.92 during trading on Thursday, hitting $177.63. 144,166 shares of the company’s stock traded hands, compared to its average volume of 1,094,778. The stock has a market capitalization of $11.85 billion, a price-to-earnings ratio of 27.45, 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 stock has a fifty day moving average price of $178.61 and a two-hundred day moving average price of $180.32.

Texas Roadhouse (NASDAQ:TXRH) last announced its quarterly 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 for the quarter, compared to the consensus estimate of $1.41 billion. Texas Roadhouse had a return on equity of 34.02% and a net margin of 8.07%. As a group, equities research analysts expect that Texas Roadhouse will post 7.23 EPS for the current fiscal year.

Insider Transactions at Texas Roadhouse

In related news, Director Gregory N. Moore sold 2,700 shares of Texas Roadhouse stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $168.26, for a total value of $454,302.00. The sale was disclosed in a legal 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 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 sale, the insider now owns 10,000 shares of the company’s stock, 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. Over the last ninety days, insiders have sold 6,120 shares of company stock valued at $1,050,015. 0.50% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. True Wealth Design LLC acquired a new stake in Texas Roadhouse during the 3rd quarter valued at approximately $30,000. Mirae Asset Global Investments Co. Ltd. bought a new position in Texas Roadhouse during the fourth quarter worth $30,000. Coppell Advisory Solutions LLC lifted its holdings in Texas Roadhouse by 56.8% in the fourth quarter. Coppell Advisory Solutions LLC now owns 196 shares of the restaurant operator’s stock valued at $35,000 after buying an additional 71 shares during the period. SBI Securities Co. Ltd. bought a new stake in Texas Roadhouse during the fourth quarter valued at $36,000. Finally, MassMutual Private Wealth & Trust FSB grew its holdings in Texas Roadhouse by 32.2% during the 4th 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 during the period. 94.82% of the stock is owned by institutional investors and hedge funds.

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.