The Goldman Sachs Group Cuts Texas Roadhouse (NASDAQ:TXRH) Price Target to $180.00

Texas Roadhouse (NASDAQ:TXRH) had its target price lowered by The Goldman Sachs Group from $200.00 to $180.00 in a research note issued to investors on Wednesday morning,Benzinga reports. The firm currently has a neutral rating on the restaurant operator’s stock.

A number of other research analysts have also issued reports on TXRH. Evercore ISI lowered shares of Texas Roadhouse from an “outperform” rating to an “in-line” rating and set a $190.00 target price on the stock. in a research report on Thursday, September 4th. Stephens increased their price target on shares of Texas Roadhouse from $184.00 to $190.00 and gave the stock an “equal weight” rating in a research report on Friday, August 8th. Bank of America increased their price target on shares of Texas Roadhouse from $203.00 to $219.00 and gave the stock a “buy” rating in a research report on Friday, July 18th. Barclays increased their price target on shares of Texas Roadhouse from $175.00 to $189.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 17th. Finally, Melius initiated coverage on shares of Texas Roadhouse in a research report on Monday, July 14th. They set a “buy” rating and a $235.00 price target on the stock. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and eleven have issued a Hold rating to the company. According to MarketBeat, Texas Roadhouse presently has a consensus rating of “Moderate Buy” and an average price target of $196.10.

Texas Roadhouse Stock Up 0.9%

Shares of NASDAQ:TXRH opened at $166.49 on Wednesday. The company’s 50 day moving average price is $171.82 and its two-hundred day moving average price is $177.05. Texas Roadhouse has a 12-month low of $148.73 and a 12-month high of $206.04. The firm has a market cap of $11.06 billion, a PE ratio of 25.42, a PEG ratio of 2.26 and a beta of 0.82.

Texas Roadhouse (NASDAQ:TXRH) last announced its earnings results on Thursday, August 7th. The restaurant operator reported $1.86 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.95 by ($0.09). Texas Roadhouse had a return on equity of 31.52% and a net margin of 7.72%.The business had revenue of $1.51 billion for the quarter, compared to analyst estimates of $1.50 billion. During the same quarter in the previous year, the company earned $1.79 EPS. The business’s revenue for the quarter was up 12.7% on a year-over-year basis. On average, research analysts expect that Texas Roadhouse will post 7.23 EPS for the current year.

Texas Roadhouse Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Tuesday, September 2nd were given a $0.68 dividend. The ex-dividend date was Tuesday, September 2nd. This represents a $2.72 dividend on an annualized basis and a yield of 1.6%. Texas Roadhouse’s dividend payout ratio (DPR) is currently 41.53%.

Insider Buying and Selling at Texas Roadhouse

In other Texas Roadhouse news, CTO Hernan E. Mujica sold 2,189 shares of the firm’s stock in a transaction that occurred on Thursday, August 21st. The shares were sold at an average price of $172.40, for a total value of $377,383.60. Following the sale, the chief technology officer owned 17,553 shares in the company, valued at $3,026,137.20. This trade represents a 11.09% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, President Regina A. Tobin sold 3,153 shares of the firm’s stock in a transaction that occurred on Monday, August 18th. The shares were sold at an average price of $173.53, for a total transaction of $547,140.09. Following the completion of the sale, the president owned 15,261 shares in the company, valued at $2,648,241.33. This represents a 17.12% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 8,342 shares of company stock worth $1,443,704 over the last quarter. Corporate insiders own 0.50% of the company’s stock.

Hedge Funds Weigh In On Texas Roadhouse

Several large investors have recently modified their holdings of the business. Central Pacific Bank Trust Division raised its stake in shares of Texas Roadhouse by 15.3% during the third quarter. Central Pacific Bank Trust Division now owns 980 shares of the restaurant operator’s stock valued at $163,000 after acquiring an additional 130 shares during the last quarter. Caldwell Trust Co bought a new position in shares of Texas Roadhouse during the second quarter valued at $28,000. TT Capital Management LLC bought a new position in shares of Texas Roadhouse during the second quarter valued at $623,000. Advisory Services Network LLC raised its stake in shares of Texas Roadhouse by 0.4% during the second quarter. Advisory Services Network LLC now owns 29,683 shares of the restaurant operator’s stock valued at $5,495,000 after acquiring an additional 108 shares during the last quarter. Finally, Nomura Holdings Inc. bought a new position in shares of Texas Roadhouse during the second quarter valued at $502,000. 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.