Texas Roadhouse (NASDAQ:TXRH) had its price target upped by investment analysts at BTIG Research to $67.00 in a research note issued to investors on Tuesday, The Fly reports. The brokerage currently has a “reduce” rating on the restaurant operator’s stock. BTIG Research’s price target would indicate a potential upside of 17.73% from the company’s previous close.

Other equities analysts have also recently issued research reports about the stock. Maxim Group restated a “buy” rating and set a $55.00 target price on shares of Texas Roadhouse in a research note on Friday, October 20th. Robert W. Baird restated a “buy” rating and set a $56.00 target price on shares of Texas Roadhouse in a research note on Friday, October 20th. Stifel Nicolaus started coverage on shares of Texas Roadhouse in a research note on Monday, October 2nd. They set a “buy” rating and a $55.00 target price on the stock. Canaccord Genuity restated a “hold” rating and set a $51.00 target price on shares of Texas Roadhouse in a research note on Sunday, October 22nd. Finally, Oppenheimer reiterated a “hold” rating on shares of Texas Roadhouse in a research note on Tuesday, October 31st. Two investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and eight have given a buy rating to the stock. Texas Roadhouse presently has an average rating of “Hold” and a consensus target price of $53.75.

Texas Roadhouse (NASDAQ:TXRH) traded down $0.22 on Tuesday, reaching $56.91. 757,300 shares of the company’s stock traded hands, compared to its average volume of 832,618. The company has a quick ratio of 0.63, a current ratio of 0.69 and a debt-to-equity ratio of 0.06. The company has a market cap of $4,062.29, a PE ratio of 32.90, a P/E/G ratio of 2.02 and a beta of 0.52. Texas Roadhouse has a 1-year low of $40.28 and a 1-year high of $58.87.

Texas Roadhouse (NASDAQ:TXRH) last posted its earnings results on Monday, October 30th. The restaurant operator reported $0.43 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.43. The business had revenue of $540.50 million for the quarter, compared to analysts’ expectations of $538.15 million. Texas Roadhouse had a net margin of 5.73% and a return on equity of 16.71%. The business’s revenue for the quarter was up 12.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.36 EPS. research analysts forecast that Texas Roadhouse will post 1.93 earnings per share for the current fiscal year.

In related news, insider S. Chris Jacobsen sold 1,000 shares of the stock in a transaction that occurred on Friday, January 12th. The shares were sold at an average price of $57.96, for a total value of $57,960.00. Following the completion of the sale, the insider now directly owns 18,033 shares of the company’s stock, valued at approximately $1,045,192.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Wayne Kent Taylor sold 200,000 shares of the stock in a transaction that occurred on Thursday, December 7th. The stock was sold at an average price of $51.09, for a total transaction of $10,218,000.00. Following the completion of the sale, the chief executive officer now directly owns 3,908,231 shares of the company’s stock, valued at $199,671,521.79. The disclosure for this sale can be found here. Insiders sold a total of 237,203 shares of company stock worth $12,283,831 in the last quarter. Company insiders own 7.40% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in the stock. YorkBridge Wealth Partners LLC increased its holdings in Texas Roadhouse by 4.2% in the 2nd quarter. YorkBridge Wealth Partners LLC now owns 2,159 shares of the restaurant operator’s stock worth $110,000 after acquiring an additional 87 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Texas Roadhouse by 11.0% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,612 shares of the restaurant operator’s stock worth $133,000 after acquiring an additional 258 shares in the last quarter. Amalgamated Bank increased its holdings in Texas Roadhouse by 5.6% in the 2nd quarter. Amalgamated Bank now owns 9,580 shares of the restaurant operator’s stock worth $488,000 after acquiring an additional 507 shares in the last quarter. Victory Capital Management Inc. increased its holdings in Texas Roadhouse by 12.8% in the 2nd quarter. Victory Capital Management Inc. now owns 4,704 shares of the restaurant operator’s stock worth $240,000 after acquiring an additional 534 shares in the last quarter. Finally, HighTower Advisors LLC increased its holdings in Texas Roadhouse by 5.8% in the 2nd quarter. HighTower Advisors LLC now owns 9,919 shares of the restaurant operator’s stock worth $503,000 after acquiring an additional 542 shares in the last quarter. 85.95% of the stock is owned by institutional investors.

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Texas Roadhouse Company Profile

Texas Roadhouse, Inc is a restaurant company, which operates in the casual dining segment. The Company offers an assortment of seasoned and aged steaks, all cooked over open grills and all but one hand cut daily on the premises. Its restaurants offer a range of menu items at prices that are designed to appeal to a range of consumer tastes.

The Fly

Analyst Recommendations for Texas Roadhouse (NASDAQ:TXRH)

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