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

Texas Roadhouse (NASDAQ:TXRH) had its price objective upped by equities research analysts at Truist Financial from $170.00 to $181.00 in a report released on Friday, Benzinga reports. The brokerage currently has a “buy” rating on the restaurant operator’s stock. Truist Financial’s target price points to a potential upside of 10.63% from the company’s current price.

TXRH has been the subject of a number of other reports. Benchmark assumed coverage on shares of Texas Roadhouse in a research report on Wednesday, April 10th. They issued a “hold” rating for the company. Citigroup upped their target price on Texas Roadhouse from $162.00 to $178.00 and gave the company a “buy” rating in a research report on Wednesday, April 24th. Jefferies Financial Group lifted their price target on Texas Roadhouse from $120.00 to $136.00 and gave the stock a “hold” rating in a research report on Tuesday, April 16th. Wedbush increased their price objective on Texas Roadhouse from $170.00 to $180.00 and gave the company an “outperform” rating in a report on Friday. Finally, Wells Fargo & Company lifted their target price on shares of Texas Roadhouse from $125.00 to $140.00 and gave the company an “equal weight” rating in a report on Friday, February 16th. Twelve equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $151.30.

Texas Roadhouse Price Performance

Shares of NASDAQ TXRH opened at $163.61 on Friday. The business has a 50-day moving average of $152.50 and a two-hundred day moving average of $129.78. The company has a market capitalization of $10.93 billion, a price-to-earnings ratio of 33.12, a price-to-earnings-growth ratio of 1.77 and a beta of 1.00. Texas Roadhouse has a 1 year low of $91.06 and a 1 year high of $170.39.

Texas Roadhouse (NASDAQ:TXRH) last announced its quarterly earnings results on Thursday, May 2nd. The restaurant operator reported $1.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.65 by $0.04. The firm had revenue of $1.32 billion during the quarter, compared to the consensus estimate of $1.32 billion. Texas Roadhouse had a return on equity of 29.49% and a net margin of 6.94%. The firm’s quarterly revenue was up 12.5% compared to the same quarter last year. During the same period in the prior year, the company posted $1.28 earnings per share. As a group, equities research analysts expect that Texas Roadhouse will post 5.9 earnings per share for the current year.

Insider Activity at Texas Roadhouse

In other Texas Roadhouse news, President Regina A. Tobin sold 3,064 shares of the business’s stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $150.07, for a total transaction of $459,814.48. Following the sale, the president now directly owns 15,261 shares in the company, valued at $2,290,218.27. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, President Regina A. Tobin sold 3,064 shares of the company’s stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $150.07, for a total value of $459,814.48. Following the sale, the president now owns 15,261 shares of the company’s stock, valued at approximately $2,290,218.27. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Gerald L. Morgan sold 5,000 shares of the firm’s stock in a transaction on Thursday, February 29th. The stock was sold at an average price of $147.90, for a total value of $739,500.00. Following the transaction, 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 sold 12,382 shares of company stock valued at $1,843,145 in the last ninety days. Corporate insiders own 0.50% of the company’s stock.

Institutional Trading of Texas Roadhouse

Several hedge funds and other institutional investors have recently bought and sold shares of TXRH. Norges Bank acquired a new stake in Texas Roadhouse in the 4th quarter worth about $78,544,000. Balyasny Asset Management L.P. grew its holdings in Texas Roadhouse by 4,150.1% in the fourth quarter. Balyasny Asset Management L.P. now owns 451,697 shares of the restaurant operator’s stock valued at $55,211,000 after purchasing an additional 441,069 shares during the period. Invesco Ltd. grew its holdings in Texas Roadhouse by 40.7% in the third quarter. Invesco Ltd. now owns 1,281,296 shares of the restaurant operator’s stock valued at $123,133,000 after purchasing an additional 370,627 shares during the period. Qube Research & Technologies Ltd increased its position in Texas Roadhouse by 60.9% during the third quarter. Qube Research & Technologies Ltd now owns 777,893 shares of the restaurant operator’s stock worth $74,756,000 after purchasing an additional 294,425 shares during the last quarter. Finally, Armistice Capital LLC purchased a new position in Texas Roadhouse during the fourth quarter worth approximately $28,724,000. 94.82% of the stock is owned by hedge funds and other 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.