Texas Roadhouse (NASDAQ:TXRH) Price Target Increased to $136.00 by Analysts at Jefferies Financial Group

Texas Roadhouse (NASDAQ:TXRH) had its price objective raised by equities researchers at Jefferies Financial Group from $120.00 to $136.00 in a note issued to investors on Tuesday, Benzinga reports. The firm currently has a “hold” rating on the restaurant operator’s stock. Jefferies Financial Group’s price target points to a potential downside of 8.94% from the stock’s current price.

Several other equities analysts have also issued reports on the company. Stephens began coverage on Texas Roadhouse in a research report on Friday. They issued an “equal weight” rating and a $150.00 price objective for the company. Wedbush boosted their price objective on Texas Roadhouse from $160.00 to $170.00 and gave the company an “outperform” rating in a research report on Friday, April 5th. Morgan Stanley boosted their price objective on Texas Roadhouse from $135.00 to $145.00 and gave the company an “equal weight” rating in a research report on Friday. JPMorgan Chase & Co. upped their price target on Texas Roadhouse from $142.00 to $145.00 and gave the stock a “neutral” rating in a research report on Tuesday, March 19th. Finally, Wells Fargo & Company upped their price target on Texas Roadhouse from $125.00 to $140.00 and gave the stock an “equal weight” rating in a research report on Friday, February 16th. Twelve analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $136.05.

Texas Roadhouse Price Performance

Shares of Texas Roadhouse stock traded up $0.64 during trading on Tuesday, hitting $149.36. 181,209 shares of the company were exchanged, compared to its average volume of 782,214. The firm has a market capitalization of $9.98 billion, a P/E ratio of 32.97, a price-to-earnings-growth ratio of 1.63 and a beta of 0.99. Texas Roadhouse has a 1-year low of $91.06 and a 1-year high of $157.12. The firm’s fifty day moving average price is $147.91 and its 200 day moving average price is $124.06.

Texas Roadhouse (NASDAQ:TXRH) last issued its quarterly earnings data on Thursday, February 15th. The restaurant operator reported $1.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.07 by $0.01. Texas Roadhouse had a return on equity of 27.43% and a net margin of 6.58%. The business had revenue of $1.16 billion during the quarter, compared to analyst estimates of $1.16 billion. During the same period in the previous year, the firm earned $0.89 EPS. Texas Roadhouse’s quarterly revenue was up 15.3% compared to the same quarter last year. As a group, equities research analysts anticipate that Texas Roadhouse will post 5.73 earnings per share for the current year.

Insider Activity at Texas Roadhouse

In related news, CEO Gerald L. Morgan sold 5,000 shares of the firm’s stock in a transaction dated Thursday, February 29th. The stock was sold at an average price of $147.90, for a total value of $739,500.00. Following the sale, the chief executive officer now directly owns 92,847 shares of the company’s stock, valued at $13,732,071.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other Texas Roadhouse news, CTO Hernan E. Mujica sold 878 shares of Texas Roadhouse stock in a transaction that occurred on Wednesday, February 28th. The stock was sold at an average price of $149.61, for a total value of $131,357.58. Following the completion of the sale, the chief technology officer now directly owns 22,361 shares in the company, valued at $3,345,429.21. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Gerald L. Morgan sold 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 29th. The shares were sold at an average price of $147.90, for a total value of $739,500.00. Following the completion of the sale, the chief executive officer now directly owns 92,847 shares of the company’s stock, valued at approximately $13,732,071.30. The disclosure for this sale can be found here. Insiders have sold 12,382 shares of company stock valued at $1,843,145 over the last ninety days. 0.50% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Texas Roadhouse

Several institutional investors have recently bought and sold shares of the stock. Operose Advisors LLC bought a new position in Texas Roadhouse in the 3rd quarter valued at $28,000. Rise Advisors LLC bought a new position in Texas Roadhouse during the 1st quarter worth approximately $32,000. Neo Ivy Capital Management bought a new position in Texas Roadhouse during the 2nd quarter worth approximately $32,000. Quarry LP grew its position in Texas Roadhouse by 100.6% during the 2nd quarter. Quarry LP now owns 364 shares of the restaurant operator’s stock worth $41,000 after acquiring an additional 60,364 shares during the last quarter. Finally, Coppell Advisory Solutions Corp. bought a new position in Texas Roadhouse during the 4th quarter worth approximately $44,000. Institutional investors own 94.82% of the company’s stock.

Texas Roadhouse Company Profile

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.