Texas Roadhouse (NASDAQ:TXRH – Get Free Report)‘s stock had its “buy” rating reissued by Guggenheim in a research report issued on Monday,Benzinga reports. They presently have a $210.00 target price on the restaurant operator’s stock. Guggenheim’s target price points to a potential upside of 18.00% from the company’s current price.
Other analysts have also issued reports about the company. Benchmark reissued a “hold” rating on shares of Texas Roadhouse in a report on Monday, February 23rd. Piper Sandler lifted their target price on Texas Roadhouse from $190.00 to $192.00 and gave the company a “neutral” rating in a research report on Monday, May 11th. Wall Street Zen upgraded Texas Roadhouse from a “sell” rating to a “hold” rating in a report on Sunday, May 10th. Royal Bank Of Canada raised Texas Roadhouse from a “sector perform” rating to an “outperform” rating and increased their price target for the company from $180.00 to $210.00 in a research report on Friday. Finally, Morgan Stanley restated an “overweight” rating and set a $201.00 price objective on shares of Texas Roadhouse in a research note on Friday, May 8th. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and fourteen have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Texas Roadhouse has a consensus rating of “Hold” and a consensus target price of $195.09.
View Our Latest Report on Texas Roadhouse
Texas Roadhouse Price Performance
Texas Roadhouse (NASDAQ:TXRH – Get Free Report) last posted its earnings results on Thursday, May 7th. The restaurant operator reported $1.87 earnings per share for the quarter, topping analysts’ consensus estimates of $1.80 by $0.07. Texas Roadhouse had a net margin of 6.85% and a return on equity of 27.86%. The company had revenue of $1.63 billion for the quarter, compared to analyst estimates of $1.64 billion. During the same quarter in the prior year, the business posted $1.70 EPS. The firm’s revenue was up 10.5% compared to the same quarter last year. On average, equities research analysts forecast that Texas Roadhouse will post 6.39 EPS for the current fiscal year.
Insider Buying and Selling
In related news, President Regina A. Tobin sold 4,450 shares of the stock in a transaction that occurred on Thursday, March 19th. The stock was sold at an average price of $171.00, for a total transaction of $760,950.00. Following the completion of the sale, the president directly owned 13,778 shares of the company’s stock, valued at approximately $2,356,038. This trade represents a 24.41% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Curtis Warfield sold 2,640 shares of Texas Roadhouse stock in a transaction on Monday, May 11th. The stock was sold at an average price of $183.05, for a total value of $483,252.00. Following the sale, the director owned 5,361 shares in the company, valued at $981,331.05. This trade represents a 33.00% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 17,878 shares of company stock valued at $3,102,411 over the last quarter. Corporate insiders own 0.50% of the company’s stock.
Hedge Funds Weigh In On Texas Roadhouse
A number of hedge funds and other institutional investors have recently made changes to their positions in TXRH. NewEdge Advisors LLC raised its position in Texas Roadhouse by 12.0% in the first quarter. NewEdge Advisors LLC now owns 2,423 shares of the restaurant operator’s stock worth $404,000 after acquiring an additional 259 shares during the period. Focus Partners Wealth increased its stake in shares of Texas Roadhouse by 23.3% during the 1st 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. Geneos Wealth Management Inc. increased its stake in shares of Texas Roadhouse by 36.0% during the 1st 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. Sivia Capital Partners LLC purchased a new stake in shares of Texas Roadhouse during the 2nd quarter worth approximately $657,000. Finally, Marshall Wace LLP bought a new stake in shares of Texas Roadhouse in the 2nd quarter worth approximately $1,936,000. 94.82% of the stock is owned by hedge funds and other institutional investors.
Texas Roadhouse Company Profile
Texas Roadhouse, Inc is a casual dining restaurant chain specializing in hand‐cut steaks, fall‐off‐the‐bone ribs, chicken, seafood and house specialties. Each restaurant features a Western‐themed décor, open kitchens and a signature line dance presentation of fresh, made‐from‐scratch sides and breads. The company emphasizes an energetic dining experience, focusing on hospitality, value and a family‐friendly environment.
The concept was created in 1993 by founder Kent Taylor, who sought to combine high‐quality steaks with an approachable, community‐oriented atmosphere.
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