Texas Roadhouse (NASDAQ:TXRH) Price Target Raised to $205.00

Texas Roadhouse (NASDAQ:TXRH) had its price objective lifted by The Goldman Sachs Group from $184.00 to $205.00 in a research note issued to investors on Wednesday,Benzinga reports. They currently have a neutral rating on the restaurant operator’s stock.

A number of other equities analysts have also weighed in on TXRH. Citigroup lowered Texas Roadhouse from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $213.00 to $164.00 in a research report on Wednesday, April 23rd. Robert W. Baird set a $180.00 price target on shares of Texas Roadhouse and gave the company an “outperform” rating in a research report on Monday, April 7th. Guggenheim reduced their price target on shares of Texas Roadhouse from $205.00 to $200.00 and set a “buy” rating for the company in a research report on Thursday, February 27th. JPMorgan Chase & Co. reduced their price target on shares of Texas Roadhouse from $185.00 to $184.00 and set a “neutral” rating for the company in a research report on Thursday, March 20th. Finally, 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 report on Friday, February 21st. Ten equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat, Texas Roadhouse currently has an average rating of “Moderate Buy” and an average target price of $192.19.

Texas Roadhouse Stock Performance

Shares of NASDAQ:TXRH opened at $195.19 on Wednesday. Texas Roadhouse has a fifty-two week low of $148.73 and a fifty-two week high of $206.04. The business has a 50-day simple moving average of $175.78 and a two-hundred day simple moving average of $179.44. The firm has a market cap of $12.95 billion, a price-to-earnings ratio of 30.17, a price-to-earnings-growth ratio of 1.23 and a beta of 0.90.

Texas Roadhouse (NASDAQ:TXRH) last issued its earnings results on Thursday, May 8th. The restaurant operator reported $1.70 earnings per share for the quarter, missing analysts’ consensus estimates of $1.75 by ($0.05). Texas Roadhouse had a return on equity of 34.02% and a net margin of 8.07%. The business had revenue of $1.45 billion during the quarter, compared to analysts’ expectations of $1.44 billion. During the same period last year, the firm posted $1.69 EPS. Texas Roadhouse’s quarterly revenue was up 11.8% compared to the same quarter last year. As a group, research analysts predict that Texas Roadhouse will post 7.23 earnings per share for the current year.

Texas Roadhouse Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 1st. Investors of record on Tuesday, June 3rd will be paid a dividend of $0.68 per share. The ex-dividend date is Tuesday, June 3rd. This represents a $2.72 dividend on an annualized basis and a dividend yield of 1.39%. Texas Roadhouse’s dividend payout ratio (DPR) is presently 41.98%.

Insider Buying and Selling at Texas Roadhouse

In other Texas Roadhouse news, Director Donna E. Epps sold 800 shares of the stock in a transaction that occurred on Friday, May 23rd. The shares were sold at an average price of $186.52, for a total transaction of $149,216.00. Following the completion of the sale, the director now directly owns 4,632 shares of the company’s stock, valued at $863,960.64. This trade represents a 14.73% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Gregory N. Moore sold 1,000 shares of the stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $187.62, for a total transaction of $187,620.00. Following the sale, the director now directly owns 38,050 shares of the company’s stock, valued at approximately $7,138,941. This trade represents a 2.56% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.50% of the company’s stock.

Institutional Investors Weigh In On Texas Roadhouse

A number of institutional investors have recently added to or reduced their stakes in TXRH. First Hawaiian Bank boosted its position in shares of Texas Roadhouse by 101.0% during the 1st quarter. First Hawaiian Bank now owns 17,309 shares of the restaurant operator’s stock valued at $2,884,000 after acquiring an additional 8,698 shares during the last quarter. Strs Ohio bought a new stake in Texas Roadhouse in the first quarter worth $4,732,000. WBI Investments LLC bought a new stake in Texas Roadhouse in the first quarter worth $247,000. Geneos Wealth Management Inc. increased its position in Texas Roadhouse by 36.0% in the first quarter. Geneos Wealth Management Inc. now owns 419 shares of the restaurant operator’s stock worth $70,000 after purchasing an additional 111 shares during the last quarter. Finally, Focus Partners Wealth increased its position in Texas Roadhouse by 23.3% in the first quarter. Focus Partners Wealth now owns 6,124 shares of the restaurant operator’s stock worth $1,020,000 after purchasing an additional 1,157 shares during the last quarter. 94.82% of the stock is owned by hedge funds and other institutional investors.

About Texas Roadhouse

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.