Texas Roadhouse (NASDAQ:TXRH) Price Target Cut to $200.00 by Analysts at Guggenheim

Texas Roadhouse (NASDAQ:TXRH - Get Free Report) had its price target lowered by investment analysts at Guggenheim from $205.00 to $200.00 in a report released on Thursday,Benzinga reports. The firm currently has a "buy" rating on the restaurant operator's stock. Guggenheim's target price indicates a potential upside of 10.37% from the company's current price.

TXRH has been the topic of a number of other research reports. Stephens reduced their price objective on 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. Morgan Stanley raised shares of Texas Roadhouse from an "equal weight" rating to an "overweight" rating and boosted their price target for the company from $205.00 to $213.00 in a research note on Tuesday, January 21st. Wedbush decreased their target price on Texas Roadhouse from $220.00 to $200.00 and set an "outperform" rating on the stock in a research note on Friday, February 21st. Citigroup upped their target price on shares of Texas Roadhouse from $212.00 to $213.00 and gave the stock a "buy" rating in a research note on Friday, February 21st. Finally, Royal Bank of Canada decreased their target price on Texas Roadhouse from $200.00 to $180.00 and set a "sector perform" rating for the company in a report on Friday, February 21st. Eleven equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat.com, Texas Roadhouse has a consensus rating of "Moderate Buy" and a consensus price target of $192.73.

Texas Roadhouse Price Performance

NASDAQ TXRH traded down $2.88 during mid-day trading on Thursday, hitting $181.21. The stock had a trading volume of 1,447,561 shares, compared to its average volume of 1,160,823. The firm's 50 day moving average is $178.56 and its 200 day moving average is $180.59. The stock has a market capitalization of $12.09 billion, a price-to-earnings ratio of 28.01, a PEG ratio of 1.23 and a beta of 1.02. Texas Roadhouse has a twelve month low of $146.75 and a twelve month high of $206.04.

Texas Roadhouse (NASDAQ:TXRH - Get Free Report) last issued its earnings results on Thursday, February 20th. The restaurant operator reported $1.73 EPS for the quarter, beating analysts' consensus estimates of $1.66 by $0.07. The business had revenue of $1.44 billion during 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%. As a group, equities research analysts expect that Texas Roadhouse will post 7.23 earnings per share for the current year.

Insider Activity at Texas Roadhouse

In other news, insider Christopher C. Colson sold 1,370 shares of the business's stock in a transaction on Friday, January 10th. The shares were sold at an average price of $179.46, for a total transaction of $245,860.20. Following the transaction, the insider now directly owns 10,000 shares of the company's stock, valued at approximately $1,794,600. The trade was a 12.05 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Gregory N. Moore sold 2,700 shares of the company's stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $168.26, for a total transaction of $454,302.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 11,470 shares of company stock worth $2,010,238. 0.50% of the stock is owned by insiders.

Institutional Trading of Texas Roadhouse

A number of hedge funds and other institutional investors have recently modified their holdings of TXRH. Blue Trust Inc. raised its holdings in Texas Roadhouse by 209.9% in the third quarter. Blue Trust Inc. now owns 471 shares of the restaurant operator's stock valued at $81,000 after acquiring an additional 319 shares in the last quarter. International Assets Investment Management LLC lifted its position in Texas Roadhouse by 17,559.6% in the 3rd quarter. International Assets Investment Management LLC now owns 20,132 shares of the restaurant operator's stock valued at $3,555,000 after purchasing an additional 20,018 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its stake in Texas Roadhouse by 101.0% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 8,894 shares of the restaurant operator's stock valued at $1,571,000 after purchasing an additional 4,469 shares during the period. State of Alaska Department of Revenue grew its holdings in Texas Roadhouse by 7.2% in the 3rd quarter. State of Alaska Department of Revenue now owns 7,767 shares of the restaurant operator's stock worth $1,371,000 after buying an additional 525 shares in the last quarter. Finally, abrdn plc grew its stake in shares of Texas Roadhouse by 33.8% in the third quarter. abrdn plc now owns 212,039 shares of the restaurant operator's stock worth $37,446,000 after purchasing an additional 53,549 shares in 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.