Barclays Cuts Texas Roadhouse (NASDAQ:TXRH) Price Target to $170.00

Texas Roadhouse (NASDAQ:TXRH) had its price objective reduced by analysts at Barclays from $187.00 to $170.00 in a note issued to investors on Friday,Benzinga reports. The firm presently has an “equal weight” rating on the restaurant operator’s stock. Barclays‘s price objective would indicate a potential upside of 4.00% from the stock’s previous close.

TXRH has been the topic of several other reports. The Goldman Sachs Group reduced their price target on Texas Roadhouse from $200.00 to $180.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 1st. Zacks Research lowered shares of Texas Roadhouse from a “hold” rating to a “strong sell” rating in a research note on Wednesday, October 22nd. Bank of America raised their price objective on shares of Texas Roadhouse from $203.00 to $219.00 and gave the company a “buy” rating in a research note on Friday, July 18th. JPMorgan Chase & Co. decreased their target price on shares of Texas Roadhouse from $200.00 to $182.00 and set a “neutral” rating for the company in a report on Tuesday, October 7th. Finally, Mizuho upgraded shares of Texas Roadhouse to a “strong-buy” rating in a report on Tuesday, October 28th. Two research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $193.47.

Texas Roadhouse Price Performance

TXRH stock traded up $2.73 during midday trading on Friday, reaching $163.46. The company had a trading volume of 1,100,539 shares, compared to its average volume of 1,121,935. The firm has a 50-day moving average price of $167.76 and a 200-day moving average price of $177.82. The company has a market capitalization of $10.86 billion, a P/E ratio of 24.89, a P/E/G ratio of 2.50 and a beta of 0.87. Texas Roadhouse has a 1 year low of $148.73 and a 1 year high of $206.04.

Texas Roadhouse (NASDAQ:TXRH) last announced its earnings results on Thursday, November 6th. The restaurant operator reported $1.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.28 by ($0.03). The company had revenue of $1.44 billion during the quarter, compared to analysts’ expectations of $1.43 billion. Texas Roadhouse had a return on equity of 31.52% and a net margin of 7.72%.The firm’s revenue was up 12.8% on a year-over-year basis. During the same quarter last year, the firm posted $1.26 earnings per share. On average, equities analysts predict that Texas Roadhouse will post 7.23 EPS for the current year.

Insider Activity at Texas Roadhouse

In related news, President Regina A. Tobin sold 3,153 shares of the firm’s stock in a transaction dated Monday, August 18th. The stock was sold at an average price of $173.53, for a total transaction of $547,140.09. Following the sale, the president owned 15,261 shares of the company’s stock, valued at $2,648,241.33. This trade represents a 17.12% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Gregory N. Moore sold 3,000 shares of Texas Roadhouse stock in a transaction on Monday, August 18th. The stock was sold at an average price of $173.06, for a total transaction of $519,180.00. Following the sale, the director owned 34,550 shares of the company’s stock, valued at $5,979,223. The trade was a 7.99% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 8,342 shares of company stock worth $1,443,704. Company insiders own 0.50% of the company’s stock.

Institutional Trading of Texas Roadhouse

Institutional investors have recently bought and sold shares of the business. Alliancebernstein L.P. raised its stake in shares of Texas Roadhouse by 528.2% during the 2nd quarter. Alliancebernstein L.P. now owns 3,172,738 shares of the restaurant operator’s stock worth $594,603,000 after buying an additional 2,667,716 shares during the period. Invesco Ltd. raised its holdings in shares of Texas Roadhouse by 17.2% during the second quarter. Invesco Ltd. now owns 2,603,729 shares of the restaurant operator’s stock valued at $487,965,000 after acquiring an additional 382,699 shares during the last quarter. AQR Capital Management LLC raised its position in shares of Texas Roadhouse by 85.7% in the second quarter. AQR Capital Management LLC now owns 2,343,000 shares of the restaurant operator’s stock valued at $439,102,000 after buying an additional 1,081,413 shares during the last quarter. Axiom Investors LLC DE lifted its stake in Texas Roadhouse by 3,696.7% in the 1st quarter. Axiom Investors LLC DE now owns 2,173,807 shares of the restaurant operator’s stock worth $362,221,000 after purchasing an additional 2,116,552 shares in the last quarter. Finally, T. Rowe Price Investment Management Inc. boosted its holdings in shares of Texas Roadhouse by 209.3% during the 1st quarter. T. Rowe Price Investment Management Inc. now owns 1,609,608 shares of the restaurant operator’s stock worth $268,209,000 after purchasing an additional 1,089,256 shares during the last quarter. 94.82% of the stock is owned by institutional investors and hedge funds.

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.