Texas Roadhouse (NASDAQ:TXRH) Given New $180.00 Price Target at Stephens

Texas Roadhouse (NASDAQ:TXRHGet Free Report) had its target price raised by stock analysts at Stephens from $168.00 to $180.00 in a report released on Friday, Marketbeat reports. The firm currently has an “equal weight” rating on the restaurant operator’s stock. Stephens’ target price suggests a potential downside of 1.39% from the stock’s current price.

A number of other equities research analysts have also commented on the stock. Truist Financial set a $188.00 price objective on shares of Texas Roadhouse and gave the stock a “hold” rating in a report on Tuesday, February 10th. UBS Group reiterated a “buy” rating on shares of Texas Roadhouse in a research report on Monday, November 10th. BMO Capital Markets raised their price target on shares of Texas Roadhouse from $155.00 to $170.00 and gave the company a “market perform” rating in a report on Tuesday, January 6th. Mizuho upped their price objective on Texas Roadhouse from $190.00 to $200.00 and gave the stock an “outperform” rating in a report on Thursday, February 12th. Finally, Citigroup increased their price objective on Texas Roadhouse from $175.00 to $190.00 and gave the company a “neutral” rating in a research report on Monday, February 9th. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and eleven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Texas Roadhouse presently has an average rating of “Moderate Buy” and an average price target of $197.41.

Read Our Latest Stock Analysis on TXRH

Texas Roadhouse Stock Performance

Shares of NASDAQ:TXRH opened at $182.53 on Friday. The company’s fifty day moving average is $180.60 and its 200-day moving average is $173.58. Texas Roadhouse has a 52 week low of $148.73 and a 52 week high of $199.99. The company has a market capitalization of $12.07 billion, a PE 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 announced its earnings results on Thursday, February 19th. The restaurant operator reported $1.28 EPS for the quarter, missing the consensus estimate 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 return on equity of 30.59% and a net margin of 7.49%.The firm’s revenue was up 3.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.73 earnings per share. On average, analysts forecast that Texas Roadhouse will post 7.23 EPS for the current year.

Insider Buying and Selling at Texas Roadhouse

In other Texas Roadhouse news, CEO Gerald L. Morgan sold 5,000 shares of the stock in a transaction 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 sale, the chief executive officer directly owned 91,774 shares in the company, valued at approximately $17,987,704. This trade represents a 5.17% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Hugh J. Carroll sold 1,000 shares of Texas Roadhouse stock in a transaction on Thursday, December 4th. The stock was sold at an average price of $167.27, for a total transaction of $167,270.00. Following the transaction, the director directly owned 1,854 shares in the company, valued at approximately $310,118.58. This represents a 35.04% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 12,400 shares of company stock valued at $2,320,920. Corporate insiders own 0.50% of the company’s stock.

Institutional Investors Weigh In On Texas Roadhouse

Several large investors have recently modified their holdings of the business. Evergreen Capital Management LLC grew its position in shares of Texas Roadhouse by 1.7% in the 4th quarter. Evergreen Capital Management LLC now owns 3,644 shares of the restaurant operator’s stock valued at $605,000 after purchasing an additional 60 shares during the period. &PARTNERS lifted its stake in Texas Roadhouse by 3.5% in the fourth quarter. &PARTNERS now owns 1,820 shares of the restaurant operator’s stock valued at $302,000 after buying an additional 61 shares in the last quarter. Fifth Third Bancorp boosted its holdings in shares of Texas Roadhouse by 11.6% in the fourth quarter. Fifth Third Bancorp now owns 644 shares of the restaurant operator’s stock valued at $107,000 after buying an additional 67 shares during the period. Beacon Investment Advisors LLC increased its position in shares of Texas Roadhouse by 1.4% during the fourth quarter. Beacon Investment Advisors LLC now owns 5,338 shares of the restaurant operator’s stock worth $886,000 after acquiring an additional 72 shares in the last quarter. Finally, Compound Planning Inc. raised its holdings in shares of 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 acquiring an additional 75 shares during the period. 94.82% of the stock is currently owned by institutional investors.

Key Stories Impacting Texas Roadhouse

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

About Texas Roadhouse

(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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