Texas Roadhouse (NASDAQ:TXRH) PT Raised to $136.00

Texas Roadhouse (NASDAQ:TXRH) had its price objective lifted by stock analysts at Jefferies Financial Group from $120.00 to $136.00 in a report released on Tuesday, Benzinga reports. The firm currently has a “hold” rating on the restaurant operator’s stock. Jefferies Financial Group’s price objective suggests a potential downside of 8.96% from the company’s current price.

A number of other analysts also recently commented on TXRH. JPMorgan Chase & Co. increased their price objective on shares of Texas Roadhouse from $142.00 to $145.00 and gave the company a “neutral” rating in a report on Tuesday, March 19th. Northcoast Research downgraded shares of Texas Roadhouse from a “buy” rating to a “neutral” rating in a report on Tuesday, February 20th. Stephens began coverage on shares of Texas Roadhouse in a report on Friday, April 12th. They set an “equal weight” rating and a $150.00 price target for the company. UBS Group raised their price target on shares of Texas Roadhouse from $145.00 to $155.00 and gave the stock a “buy” rating in a report on Friday, February 16th. Finally, Wells Fargo & Company raised their price target on shares of Texas Roadhouse from $125.00 to $140.00 and gave the stock an “equal weight” rating in a report on Friday, February 16th. Eleven investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $136.05.

Texas Roadhouse Trading Down 0.9 %

Shares of Texas Roadhouse stock opened at $149.39 on Tuesday. The firm has a market capitalization of $9.98 billion, a PE ratio of 32.98, a P/E/G ratio of 1.63 and a beta of 0.99. Texas Roadhouse has a twelve month low of $91.06 and a twelve month high of $157.12. The firm’s 50-day moving average price is $148.67 and its 200 day moving average price is $124.62.

Texas Roadhouse (NASDAQ:TXRH) last released its quarterly earnings data on Thursday, February 15th. The restaurant operator reported $1.08 EPS for the quarter, beating analysts’ consensus estimates of $1.07 by $0.01. The company had revenue of $1.16 billion during the quarter, compared to the consensus estimate of $1.16 billion. Texas Roadhouse had a net margin of 6.58% and a return on equity of 27.43%. Texas Roadhouse’s quarterly revenue was up 15.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.89 EPS. On average, sell-side analysts predict that Texas Roadhouse will post 5.74 EPS for the current fiscal year.

Insider Transactions at Texas Roadhouse

In other news, CEO Gerald L. Morgan sold 5,000 shares of Texas Roadhouse stock in a transaction on Thursday, February 29th. The shares were sold at an average price of $147.90, for a total transaction of $739,500.00. Following the completion of the sale, the chief executive officer now directly owns 92,847 shares of the company’s stock, valued at approximately $13,732,071.30. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In related news, insider Christopher C. Colson sold 405 shares of the business’s stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $149.05, for a total value of $60,365.25. Following the completion of the sale, the insider now directly owns 8,500 shares of the company’s stock, valued at $1,266,925. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Gerald L. Morgan sold 5,000 shares of the business’s stock in a transaction on Thursday, February 29th. The shares were sold at an average price of $147.90, for a total transaction of $739,500.00. Following the completion of the sale, the chief executive officer now directly owns 92,847 shares of the company’s stock, valued at $13,732,071.30. The disclosure for this sale can be found here. In the last three months, insiders sold 12,382 shares of company stock valued at $1,843,145. Insiders own 0.50% of the company’s stock.

Institutional Investors Weigh In On Texas Roadhouse

A number of institutional investors and hedge funds have recently bought and sold shares of TXRH. Operose Advisors LLC purchased a new stake in Texas Roadhouse in the third quarter valued at $28,000. Neo Ivy Capital Management acquired a new position in Texas Roadhouse in the second quarter valued at $32,000. Rise Advisors LLC acquired a new position in Texas Roadhouse in the first quarter valued at $32,000. Quarry LP increased its stake in Texas Roadhouse by 100.6% in the second quarter. Quarry LP now owns 364 shares of the restaurant operator’s stock valued at $41,000 after purchasing an additional 60,364 shares during the period. Finally, Coppell Advisory Solutions Corp. acquired a new position in Texas Roadhouse in the fourth quarter valued at $44,000. 94.82% of the stock is owned by hedge funds and other institutional investors.

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.