Stephens Lowers Texas Roadhouse (NASDAQ:TXRH) Price Target to $168.00

Texas Roadhouse (NASDAQ:TXRH) had its price target decreased by equities research analysts at Stephens from $175.00 to $168.00 in a research note issued to investors on Friday,Benzinga reports. The brokerage presently has an “equal weight” rating on the restaurant operator’s stock. Stephens’ price target indicates a potential upside of 4.52% from the company’s current price.

Several other equities analysts have also recently issued reports on the stock. Citigroup boosted their price objective on shares of Texas Roadhouse from $180.00 to $197.00 and gave the company a “neutral” rating in a research note on Tuesday, July 29th. Melius began coverage on Texas Roadhouse in a report on Monday, July 14th. They issued a “buy” rating and a $235.00 price objective on the stock. JPMorgan Chase & Co. reduced their price target on Texas Roadhouse from $200.00 to $182.00 and set a “neutral” rating for the company in a report on Tuesday, October 7th. The Goldman Sachs Group decreased their price target on Texas Roadhouse from $200.00 to $180.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 1st. Finally, Mizuho upgraded Texas Roadhouse to a “strong-buy” rating in a research report on Tuesday, October 28th. Two research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Texas Roadhouse currently has an average rating of “Moderate Buy” and a consensus price target of $195.26.

Texas Roadhouse Stock Down 3.0%

Shares of TXRH opened at $160.73 on Friday. The company has a market capitalization of $10.68 billion, a price-to-earnings ratio of 24.54, a price-to-earnings-growth ratio of 2.50 and a beta of 0.87. Texas Roadhouse has a 52-week low of $148.73 and a 52-week high of $206.04. The stock has a 50 day moving average price of $167.76 and a 200 day moving average price of $177.82.

Texas Roadhouse (NASDAQ:TXRH) last issued its quarterly earnings data on Thursday, November 6th. The restaurant operator reported $1.25 earnings per share for the quarter, missing the consensus estimate of $1.28 by ($0.03). The company had revenue of $1.44 billion for 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 quarterly revenue was up 12.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.26 EPS. On average, equities analysts anticipate that Texas Roadhouse will post 7.23 EPS for the current fiscal year.

Insider Activity at Texas Roadhouse

In other news, Director Gregory N. Moore sold 3,000 shares of the stock in a transaction on Monday, August 18th. The shares were sold at an average price of $173.06, for a total value of $519,180.00. Following the completion of the sale, the director owned 34,550 shares of the company’s stock, valued at $5,979,223. This represents a 7.99% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CTO Hernan E. Mujica sold 2,189 shares of the stock in a transaction 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 completion of the sale, the chief technology officer owned 17,553 shares of the company’s stock, valued at approximately $3,026,137.20. This represents a 11.09% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 8,342 shares of company stock worth $1,443,704. 0.50% of the stock is owned by company insiders.

Institutional Trading of Texas Roadhouse

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Brooklyn Investment Group boosted its holdings in Texas Roadhouse by 478.6% in the first quarter. Brooklyn Investment Group now owns 162 shares of the restaurant operator’s stock worth $27,000 after purchasing an additional 134 shares during the period. Caldwell Trust Co acquired a new stake in shares of Texas Roadhouse during the second quarter worth $28,000. Bogart Wealth LLC bought a new position in shares of Texas Roadhouse in the 1st quarter worth about $33,000. Root Financial Partners LLC bought a new position in shares of Texas Roadhouse in the 3rd quarter worth about $36,000. Finally, Salomon & Ludwin LLC boosted its holdings in shares of Texas Roadhouse by 37.2% in the 3rd quarter. Salomon & Ludwin LLC now owns 299 shares of the restaurant operator’s stock valued at $50,000 after buying an additional 81 shares during the period. 94.82% of the stock is owned by institutional investors.

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.