Texas Roadhouse (NASDAQ:TXRH) Price Target Cut to $170.00 by Analysts at Barclays

Texas Roadhouse (NASDAQ:TXRH) had its price objective dropped by research analysts at Barclays from $187.00 to $170.00 in a research note issued to investors on Friday,Benzinga reports. The firm presently has an “equal weight” rating on the restaurant operator’s stock. Barclays‘s price target indicates a potential upside of 4.00% from the company’s previous close.

Several other equities analysts have also commented on TXRH. The Goldman Sachs Group decreased their price objective on shares of Texas Roadhouse from $200.00 to $180.00 and set a “neutral” rating on the stock in a report on Wednesday, October 1st. Morgan Stanley restated an “overweight” rating and set a $210.00 price target on shares of Texas Roadhouse in a research report on Tuesday, October 21st. Melius assumed 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. UBS Group lowered their target price on Texas Roadhouse from $220.00 to $210.00 and set a “buy” rating for the company in a report on Monday. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Texas Roadhouse in a report on Wednesday, October 8th. Two analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Texas Roadhouse presently has a consensus rating of “Moderate Buy” and an average target price of $193.47.

Texas Roadhouse Stock Up 1.7%

Shares of Texas Roadhouse stock traded up $2.73 during mid-day trading on Friday, hitting $163.46. The stock had a trading volume of 1,100,539 shares, compared to its average volume of 1,121,935. The firm has a 50-day moving average of $167.76 and a two-hundred day moving average of $177.82. The firm has a market cap of $10.86 billion, a P/E ratio of 24.89, a price-to-earnings-growth ratio of 2.50 and a beta of 0.87. Texas Roadhouse has a 12-month low of $148.73 and a 12-month high of $206.04.

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 business had revenue of $1.44 billion during 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 company’s revenue was up 12.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.26 earnings per share. Sell-side analysts expect that Texas Roadhouse will post 7.23 earnings per share for the current year.

Insiders Place Their Bets

In other Texas Roadhouse news, CTO Hernan E. Mujica sold 2,189 shares of the firm’s stock in a transaction on Thursday, August 21st. The stock was 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 trade represents a 11.09% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Gregory N. Moore sold 3,000 shares of the company’s stock in a transaction on Monday, August 18th. The stock was sold at an average price of $173.06, for a total transaction of $519,180.00. Following the transaction, the director directly owned 34,550 shares in the company, valued at approximately $5,979,223. This trade represents a 7.99% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, 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 hedge funds and other institutional investors have recently made changes to their positions in TXRH. Farther Finance Advisors LLC increased its position in shares of Texas Roadhouse by 22.8% in the second quarter. Farther Finance Advisors LLC now owns 312 shares of the restaurant operator’s stock worth $59,000 after acquiring an additional 58 shares in the last quarter. Advisory Alpha LLC lifted its position in shares of Texas Roadhouse by 3.0% during the first 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 lifted its holdings in Texas Roadhouse by 3.8% in the 2nd quarter. Dakota Wealth Management now owns 1,675 shares of the restaurant operator’s stock worth $314,000 after buying an additional 61 shares in the last quarter. Valeo Financial Advisors LLC grew its stake in shares of Texas Roadhouse by 2.3% during the first quarter. Valeo Financial Advisors LLC now owns 2,750 shares of the restaurant operator’s stock valued at $458,000 after acquiring an additional 62 shares in the last quarter. Finally, Smartleaf Asset Management LLC lifted its stake in shares of Texas Roadhouse by 14.0% in the first quarter. Smartleaf Asset Management LLC now owns 601 shares of the restaurant operator’s stock worth $103,000 after acquiring an additional 74 shares in the last quarter. Institutional investors and hedge funds own 94.82% of the company’s stock.

About Texas Roadhouse

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.