Texas Roadhouse (NASDAQ:TXRH) PT Raised to $181.00 at Truist Financial

Texas Roadhouse (NASDAQ:TXRH) had its price target hoisted by research analysts at Truist Financial from $170.00 to $181.00 in a note issued to investors on Friday, Benzinga reports. The brokerage currently has a “buy” rating on the restaurant operator’s stock. Truist Financial’s price objective would indicate a potential upside of 10.63% from the stock’s previous close.

A number of other research firms have also recently weighed in on TXRH. JPMorgan Chase & Co. increased their price target on Texas Roadhouse from $142.00 to $145.00 and gave the company a “neutral” rating in a research note on Tuesday, March 19th. BMO Capital Markets increased their target price on Texas Roadhouse from $110.00 to $130.00 and gave the stock a “market perform” rating in a research note on Friday, February 16th. Robert W. Baird upped their price objective on Texas Roadhouse from $178.00 to $182.00 and gave the company an “outperform” rating in a report on Friday. Wedbush increased their price target on Texas Roadhouse from $170.00 to $180.00 and gave the stock an “outperform” rating in a research report on Friday. Finally, Northcoast Research cut shares of Texas Roadhouse from a “buy” rating to a “neutral” rating in a research note on Tuesday, February 20th. Twelve investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat.com, Texas Roadhouse currently has a consensus rating of “Hold” and a consensus price target of $151.30.

Texas Roadhouse Stock Performance

TXRH opened at $163.61 on Friday. The business’s 50-day simple moving average is $152.50 and its 200 day simple moving average is $129.78. Texas Roadhouse has a 52-week low of $91.06 and a 52-week high of $170.39. The firm has a market capitalization of $10.93 billion, a PE ratio of 33.12, a PEG ratio of 1.77 and a beta of 1.00.

Texas Roadhouse (NASDAQ:TXRH) last released its earnings results on Thursday, May 2nd. The restaurant operator reported $1.69 earnings per share for the quarter, beating the consensus estimate of $1.65 by $0.04. The business had revenue of $1.32 billion during the quarter, compared to analysts’ expectations of $1.32 billion. Texas Roadhouse had a net margin of 6.94% and a return on equity of 29.49%. The firm’s revenue was up 12.5% on a year-over-year basis. During the same period last year, the business earned $1.28 earnings per share. On average, research analysts forecast that Texas Roadhouse will post 5.9 earnings per share for the current year.

Insiders Place Their Bets

In other Texas Roadhouse news, Director Curtis Warfield sold 2,365 shares of the firm’s stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $148.68, for a total value of $351,628.20. Following the transaction, the director now directly owns 13,397 shares of the company’s stock, valued at $1,991,865.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, Director Curtis Warfield sold 2,365 shares of the stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $148.68, for a total value of $351,628.20. Following the completion of the sale, the director now directly owns 13,397 shares of the company’s stock, valued at approximately $1,991,865.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Christopher C. Colson sold 405 shares of the firm’s stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $149.05, for a total transaction of $60,365.25. Following the transaction, the insider now directly owns 8,500 shares in the company, valued at $1,266,925. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 12,382 shares of company stock worth $1,843,145. Corporate insiders own 0.50% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. Operose Advisors LLC bought a new stake in shares of Texas Roadhouse during the 3rd quarter worth $28,000. Rise Advisors LLC purchased a new stake in Texas Roadhouse during the first quarter worth about $32,000. China Universal Asset Management Co. Ltd. raised its position in Texas Roadhouse by 454.5% in the first quarter. China Universal Asset Management Co. Ltd. now owns 244 shares of the restaurant operator’s stock worth $38,000 after acquiring an additional 200 shares during the period. Fifth Third Bancorp boosted its stake in Texas Roadhouse by 35.8% in the third quarter. Fifth Third Bancorp now owns 474 shares of the restaurant operator’s stock valued at $46,000 after acquiring an additional 125 shares during the last quarter. Finally, TFC Financial Management Inc. increased its position in Texas Roadhouse by 100.0% in the fourth quarter. TFC Financial Management Inc. now owns 580 shares of the restaurant operator’s stock worth $71,000 after buying an additional 290 shares during the last quarter. 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.