Texas Roadhouse (NASDAQ:TXRH) PT Raised to $178.00

Texas Roadhouse (NASDAQ:TXRH) had its price target boosted by stock analysts at Citigroup from $162.00 to $178.00 in a research note issued to investors on Wednesday, Benzinga reports. The firm currently has a “buy” rating on the restaurant operator’s stock. Citigroup’s price target would indicate a potential upside of 13.47% from the stock’s previous close.

A number of other equities analysts have also issued reports on TXRH. Truist Financial increased their target price on shares of Texas Roadhouse from $152.00 to $168.00 and gave the company a “buy” rating in a research report on Tuesday, April 2nd. BMO Capital Markets increased their target price on shares of Texas Roadhouse from $110.00 to $130.00 and gave the company a “market perform” rating in a research report on Friday, February 16th. Jefferies Financial Group increased their target price on shares of Texas Roadhouse from $120.00 to $136.00 and gave the company a “hold” rating in a research report on Tuesday, April 16th. Piper Sandler increased their target price on shares of Texas Roadhouse from $110.00 to $136.00 and gave the company a “neutral” rating in a research report on Tuesday, February 20th. Finally, Morgan Stanley raised their price objective on shares of Texas Roadhouse from $135.00 to $145.00 and gave the company an “equal weight” rating in a research report on Friday, April 12th. Eleven investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $138.76.

Texas Roadhouse Stock Up 0.1 %

TXRH stock opened at $156.87 on Wednesday. Texas Roadhouse has a fifty-two week low of $91.06 and a fifty-two week high of $159.31. The firm’s 50-day simple moving average is $151.10 and its 200 day simple moving average is $126.83. The stock has a market cap of $10.48 billion, a PE ratio of 34.63, a price-to-earnings-growth ratio of 1.70 and a beta of 0.99.

Texas Roadhouse (NASDAQ:TXRH) last released its quarterly earnings data on Thursday, February 15th. The restaurant operator reported $1.08 earnings per share for the quarter, topping analysts’ consensus estimates of $1.07 by $0.01. The business had revenue of $1.16 billion for the quarter, compared to analysts’ expectations of $1.16 billion. Texas Roadhouse had a net margin of 6.58% and a return on equity of 27.43%. The company’s revenue for the quarter was up 15.3% compared to the same quarter last year. During the same quarter last year, the company earned $0.89 EPS. Equities analysts forecast that Texas Roadhouse will post 5.77 EPS for the current fiscal year.

Insider Transactions at Texas Roadhouse

In other news, President Regina A. Tobin sold 3,064 shares of the stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $150.07, for a total value of $459,814.48. Following the completion of the sale, the president now directly owns 15,261 shares of the company’s stock, valued at $2,290,218.27. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, CTO Hernan E. Mujica sold 878 shares of the stock in a transaction that occurred on Wednesday, February 28th. The shares were sold at an average price of $149.61, for a total value of $131,357.58. Following the completion of the sale, the chief technology officer now directly owns 22,361 shares of the company’s stock, valued at $3,345,429.21. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, President Regina A. Tobin sold 3,064 shares of the stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $150.07, for a total transaction of $459,814.48. Following the completion of the sale, the president now directly owns 15,261 shares of the company’s stock, valued at $2,290,218.27. The disclosure for this sale can be found here. Insiders sold 12,382 shares of company stock valued at $1,843,145 over the last three months. 0.50% of the stock is owned by corporate insiders.

Institutional Trading of Texas Roadhouse

A number of hedge funds have recently made changes to their positions in TXRH. Rise Advisors LLC bought a new position in Texas Roadhouse during the first quarter valued at approximately $32,000. Operose Advisors LLC bought a new position in Texas Roadhouse during the third quarter valued at approximately $28,000. Fifth Third Bancorp raised its position in Texas Roadhouse by 35.8% during the third quarter. Fifth Third Bancorp now owns 474 shares of the restaurant operator’s stock valued at $46,000 after acquiring an additional 125 shares in the last quarter. TFC Financial Management Inc. raised its position in Texas Roadhouse by 100.0% during the fourth quarter. TFC Financial Management Inc. now owns 580 shares of the restaurant operator’s stock valued at $71,000 after acquiring an additional 290 shares in the last quarter. Finally, Benjamin F. Edwards & Company Inc. bought a new position in Texas Roadhouse during the fourth quarter valued at approximately $81,000. 94.82% of the stock is owned by hedge funds and other institutional investors.

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.