Royal Bank of Canada Reaffirms Sector Perform Rating for Texas Roadhouse (NASDAQ:TXRH)

Texas Roadhouse (NASDAQ:TXRH)‘s stock had its “sector perform” rating reissued by stock analysts at Royal Bank of Canada in a research report issued to clients and investors on Thursday,Benzinga reports. They currently have a $200.00 price target on the restaurant operator’s stock. Royal Bank of Canada’s price target points to a potential upside of 11.76% from the stock’s previous close.

Several other brokerages have also recently weighed in on TXRH. Truist Financial boosted their price objective on Texas Roadhouse from $207.00 to $209.00 and gave the stock a “buy” rating in a report on Wednesday, January 8th. BMO Capital Markets boosted their price target on shares of Texas Roadhouse from $155.00 to $162.00 and gave the stock a “market perform” rating in a research note on Friday, October 25th. Robert W. Baird lifted their target price on shares of Texas Roadhouse from $190.00 to $205.00 and gave the stock an “outperform” rating in a report on Friday, October 25th. Loop Capital cut their price target on Texas Roadhouse from $215.00 to $209.00 and set a “buy” rating on the stock in a research note on Monday, October 28th. Finally, Barclays lifted their price objective on Texas Roadhouse from $160.00 to $175.00 and gave the stock an “equal weight” rating in a research note on Friday, October 25th. Fourteen analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $190.91.

Texas Roadhouse Trading Up 0.4 %

Shares of TXRH stock opened at $178.95 on Thursday. Texas Roadhouse has a 1 year low of $117.98 and a 1 year high of $206.04. The firm’s 50 day moving average is $189.06 and its 200-day moving average is $178.75. The firm has a market capitalization of $11.94 billion, a price-to-earnings ratio of 30.75, a PEG ratio of 1.34 and a beta of 1.01.

Texas Roadhouse (NASDAQ:TXRH) last posted its quarterly earnings data on Thursday, October 24th. The restaurant operator reported $1.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.32 by ($0.06). The firm had revenue of $1.27 billion for the quarter, compared to analyst estimates of $1.27 billion. Texas Roadhouse had a return on equity of 31.33% and a net margin of 7.65%. The firm’s quarterly revenue was up 13.5% compared to the same quarter last year. During the same period in the prior year, the company posted $0.95 EPS. On average, equities research analysts forecast that Texas Roadhouse will post 6.4 earnings per share for the current fiscal year.

Insider Transactions at Texas Roadhouse

In other Texas Roadhouse news, Director Donna E. Epps sold 610 shares of the business’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $195.66, for a total transaction of $119,352.60. Following the sale, the director now directly owns 3,532 shares of the company’s stock, valued at $691,071.12. The trade was a 14.73 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Christopher C. Colson sold 1,370 shares of the firm’s stock in a transaction dated Friday, January 10th. The shares were sold at an average price of $179.46, for a total value of $245,860.20. Following the completion of the transaction, the insider now owns 10,000 shares of the company’s stock, valued at $1,794,600. The trade was a 12.05 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 3,480 shares of company stock valued at $668,603 over the last 90 days. 0.50% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Marshall Wace LLP raised its position in Texas Roadhouse by 128.9% during the second quarter. Marshall Wace LLP now owns 765,096 shares of the restaurant operator’s stock worth $131,375,000 after acquiring an additional 430,814 shares in the last quarter. FMR LLC grew its position in shares of Texas Roadhouse by 81.6% in the 3rd quarter. FMR LLC now owns 898,522 shares of the restaurant operator’s stock valued at $158,679,000 after acquiring an additional 403,720 shares during the period. Franklin Resources Inc. increased its stake in shares of Texas Roadhouse by 76.0% during the 3rd quarter. Franklin Resources Inc. now owns 893,925 shares of the restaurant operator’s stock worth $157,375,000 after purchasing an additional 385,998 shares during the last quarter. Erste Asset Management GmbH bought a new stake in shares of Texas Roadhouse in the 3rd quarter valued at about $66,609,000. Finally, Fiera Capital Corp acquired a new stake in Texas Roadhouse in the 3rd quarter valued at about $41,670,000. Institutional investors and hedge funds 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.