Texas Roadhouse (NASDAQ:TXRH) Given New $168.00 Price Target at Stephens

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

Other equities analysts have also issued research reports about the stock. Zacks Research lowered shares of Texas Roadhouse from a “hold” rating to a “strong sell” rating in a research report on Wednesday, October 22nd. Morgan Stanley reissued an “overweight” rating and set a $210.00 price objective on shares of Texas Roadhouse in a report on Tuesday, October 21st. UBS Group dropped their price target on shares of Texas Roadhouse from $220.00 to $210.00 and set a “buy” rating for the company in a research report on Monday. Melius assumed coverage on shares of Texas Roadhouse in a report on Monday, July 14th. They issued a “buy” rating and a $235.00 target price on the stock. Finally, Mizuho raised Texas Roadhouse to a “strong-buy” rating in a report on Tuesday, October 28th. Two analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Texas Roadhouse has a consensus rating of “Moderate Buy” and an average price target of $195.26.

Texas Roadhouse Price Performance

Texas Roadhouse stock opened at $160.73 on Friday. Texas Roadhouse has a fifty-two week low of $148.73 and a fifty-two week high of $206.04. The company has a market cap of $10.68 billion, a P/E ratio of 24.54, a price-to-earnings-growth ratio of 2.50 and a beta of 0.87. The firm’s 50 day simple moving average is $167.76 and its 200-day simple moving average is $177.82.

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

Insiders Place Their Bets

In other Texas Roadhouse news, Director Gregory N. Moore sold 3,000 shares of the business’s stock in a transaction that occurred on Monday, August 18th. The stock was sold at an average price of $173.06, for a total value of $519,180.00. Following the transaction, the director directly owned 34,550 shares of the company’s stock, valued at approximately $5,979,223. The trade was a 7.99% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, President Regina A. Tobin sold 3,153 shares of the firm’s stock in a transaction that occurred on 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 directly owned 15,261 shares of the company’s stock, valued at approximately $2,648,241.33. This trade represents a 17.12% decrease in their position. The SEC filing for this sale provides additional information. 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 corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Farther Finance Advisors LLC increased its holdings in shares of Texas Roadhouse by 22.8% during the second quarter. Farther Finance Advisors LLC now owns 312 shares of the restaurant operator’s stock valued at $59,000 after acquiring an additional 58 shares in the last quarter. Advisory Alpha LLC lifted its holdings in shares of Texas Roadhouse by 3.0% in the 1st quarter. Advisory Alpha LLC now owns 2,063 shares of the restaurant operator’s stock worth $344,000 after purchasing an additional 60 shares in the last quarter. Dakota Wealth Management grew its position in Texas Roadhouse by 3.8% in the 2nd quarter. Dakota Wealth Management now owns 1,675 shares of the restaurant operator’s stock valued at $314,000 after purchasing an additional 61 shares during the period. Valeo Financial Advisors LLC increased its stake in Texas Roadhouse by 2.3% during the 1st quarter. Valeo Financial Advisors LLC now owns 2,750 shares of the restaurant operator’s stock valued at $458,000 after purchasing an additional 62 shares in the last quarter. Finally, Smartleaf Asset Management LLC raised its holdings in Texas Roadhouse by 14.0% during the first quarter. Smartleaf Asset Management LLC now owns 601 shares of the restaurant operator’s stock worth $103,000 after buying an additional 74 shares during the last quarter. Institutional investors 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.