Texas Roadhouse (NASDAQ:TXRH) Price Target Raised to $205.00 at The Goldman Sachs Group

Texas Roadhouse (NASDAQ:TXRH) had its target price raised by The Goldman Sachs Group from $184.00 to $205.00 in a research report report published on Wednesday morning,Benzinga reports. The Goldman Sachs Group currently has a neutral rating on the restaurant operator’s stock.

TXRH has been the topic of a number of other research reports. Truist Financial cut their target price on shares of Texas Roadhouse from $209.00 to $205.00 and set a “buy” rating on the stock in a research report on Friday, February 21st. JPMorgan Chase & Co. cut their price objective on Texas Roadhouse from $185.00 to $184.00 and set a “neutral” rating on the stock in a report on Thursday, March 20th. Wells Fargo & Company lowered their target price on Texas Roadhouse from $175.00 to $170.00 and set an “equal weight” rating for the company in a report on Tuesday, April 22nd. Robert W. Baird set a $180.00 target price on Texas Roadhouse and gave the company an “outperform” rating in a research report on Monday, April 7th. Finally, Guggenheim cut their price target on Texas Roadhouse from $205.00 to $200.00 and set a “buy” rating on the stock in a research note on Thursday, February 27th. Ten research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $191.24.

Texas Roadhouse Stock Down 0.4%

Shares of TXRH stock opened at $195.11 on Wednesday. The business has a fifty day simple moving average of $174.76 and a 200 day simple moving average of $179.45. The company has a market cap of $12.94 billion, a P/E ratio of 30.16, a P/E/G ratio of 1.23 and a beta of 0.87. Texas Roadhouse has a twelve month low of $148.73 and a twelve month high of $206.04.

Texas Roadhouse (NASDAQ:TXRH) last posted its earnings results on Thursday, May 8th. The restaurant operator reported $1.70 EPS 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 company had revenue of $1.45 billion during the quarter, compared to the consensus estimate of $1.44 billion. During the same period last year, the company posted $1.69 EPS. The firm’s revenue was up 11.8% compared to the same quarter last year. As a group, equities research analysts anticipate that Texas Roadhouse will post 7.23 earnings per share for the current fiscal year.

Texas Roadhouse Announces Dividend

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

Insider Activity

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

Institutional Investors Weigh In On Texas Roadhouse

Institutional investors have recently bought and sold shares of the stock. Brooklyn Investment Group boosted its holdings in Texas Roadhouse by 478.6% during the 1st quarter. Brooklyn Investment Group now owns 162 shares of the restaurant operator’s stock worth $27,000 after acquiring an additional 134 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. bought a new position in shares of Texas Roadhouse during the fourth quarter valued at about $30,000. Coppell Advisory Solutions LLC boosted its holdings in Texas Roadhouse by 56.8% during the fourth quarter. Coppell Advisory Solutions LLC now owns 196 shares of the restaurant operator’s stock worth $35,000 after purchasing an additional 71 shares during the last quarter. SBI Securities Co. Ltd. bought a new stake in Texas Roadhouse in the 4th quarter worth about $36,000. Finally, Bogart Wealth LLC bought a new stake in Texas Roadhouse in the 1st quarter worth about $33,000. Institutional investors own 94.82% of the company’s stock.

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.