Stephens Increases Texas Roadhouse (NASDAQ:TXRH) Price Target to $180.00

Texas Roadhouse (NASDAQ:TXRHGet Free Report) had its target price upped by equities research analysts at Stephens from $168.00 to $180.00 in a research report issued on Friday, MarketBeat Ratings reports. The firm presently has an “equal weight” rating on the restaurant operator’s stock. Stephens’ target price would suggest a potential downside of 1.39% from the stock’s previous close.

Other research analysts have also issued research reports about the stock. BMO Capital Markets upped their price objective on shares of Texas Roadhouse from $155.00 to $170.00 and gave the company a “market perform” rating in a research note on Tuesday, January 6th. Zacks Research upgraded shares of Texas Roadhouse from a “strong sell” rating to a “hold” rating in a report on Thursday, January 8th. The Goldman Sachs Group upped their price target on shares of Texas Roadhouse from $175.00 to $200.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 28th. Truist Financial set a $188.00 price objective on Texas Roadhouse and gave the company a “hold” rating in a research report on Tuesday, February 10th. Finally, Wells Fargo & Company boosted their target price on Texas Roadhouse from $195.00 to $220.00 and gave the company an “overweight” rating in a research note on Thursday, January 22nd. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and eleven have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $197.41.

View Our Latest Analysis on Texas Roadhouse

Texas Roadhouse Trading Down 2.3%

Shares of Texas Roadhouse stock opened at $182.53 on Friday. Texas Roadhouse has a 1 year low of $148.73 and a 1 year high of $199.99. The stock has a 50-day moving average price of $180.60 and a 200 day moving average price of $173.58. The company has a market cap of $12.07 billion, a P/E ratio of 27.91, a P/E/G ratio of 3.05 and a beta of 0.88.

Texas Roadhouse (NASDAQ:TXRHGet Free Report) last issued its earnings results on Thursday, February 19th. The restaurant operator reported $1.28 earnings per share for the quarter, missing analysts’ consensus estimates of $1.57 by ($0.29). The business had revenue of $1.48 billion during the quarter, compared to analyst estimates of $1.50 billion. Texas Roadhouse had a net margin of 7.49% and a return on equity of 30.59%. Texas Roadhouse’s revenue for the quarter was up 3.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.73 EPS. On average, equities analysts forecast that Texas Roadhouse will post 7.23 earnings per share for the current fiscal year.

Insider Transactions at Texas Roadhouse

In other news, Director Gregory N. Moore sold 1,400 shares of the company’s stock in a transaction dated Wednesday, December 3rd. The stock was sold at an average price of $170.00, for a total transaction of $238,000.00. Following the completion of the sale, the director owned 32,150 shares in the company, valued at approximately $5,465,500. This represents a 4.17% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Gerald L. Morgan sold 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, January 20th. The shares were sold at an average price of $196.00, for a total value of $980,000.00. Following the completion of the transaction, the chief executive officer directly owned 91,774 shares in the company, valued at $17,987,704. The trade was a 5.17% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 12,400 shares of company stock worth $2,320,920. 0.50% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Texas Roadhouse

Several hedge funds and other institutional investors have recently modified their holdings of TXRH. Compound Planning Inc. boosted its stake in Texas Roadhouse by 5.6% during the fourth quarter. Compound Planning Inc. now owns 1,408 shares of the restaurant operator’s stock worth $234,000 after buying an additional 75 shares in the last quarter. Corient Private Wealth LLC boosted its position in shares of Texas Roadhouse by 125.4% during the 4th quarter. Corient Private Wealth LLC now owns 33,574 shares of the restaurant operator’s stock valued at $5,573,000 after acquiring an additional 18,680 shares in the last quarter. Mercer Global Advisors Inc. ADV increased its stake in Texas Roadhouse by 79.6% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 21,060 shares of the restaurant operator’s stock valued at $3,496,000 after acquiring an additional 9,334 shares during the period. Vident Advisory LLC raised its position in Texas Roadhouse by 7.4% in the fourth quarter. Vident Advisory LLC now owns 1,401 shares of the restaurant operator’s stock worth $233,000 after purchasing an additional 97 shares in the last quarter. Finally, NewEdge Advisors LLC raised its position in Texas Roadhouse by 15.5% in the fourth quarter. NewEdge Advisors LLC now owns 3,162 shares of the restaurant operator’s stock worth $525,000 after purchasing an additional 424 shares in the last quarter. Institutional investors and hedge funds own 94.82% of the company’s stock.

Texas Roadhouse News Summary

Here are the key news stories impacting Texas Roadhouse this week:

Texas Roadhouse Company Profile

(Get Free Report)

Texas Roadhouse, Inc is a casual dining restaurant chain specializing in hand‐cut steaks, fall‐off‐the‐bone ribs, chicken, seafood and house specialties. Each restaurant features a Western‐themed décor, open kitchens and a signature line dance presentation of fresh, made‐from‐scratch sides and breads. The company emphasizes an energetic dining experience, focusing on hospitality, value and a family‐friendly environment.

The concept was created in 1993 by founder Kent Taylor, who sought to combine high‐quality steaks with an approachable, community‐oriented atmosphere.

Further Reading

Analyst Recommendations for Texas Roadhouse (NASDAQ:TXRH)

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