Texas Roadhouse (NASDAQ:TXRH) PT Raised to $175.00

Texas Roadhouse (NASDAQ:TXRH) had its price objective upped by equities research analysts at Stifel Nicolaus from $155.00 to $175.00 in a report issued on Monday, Benzinga reports. The firm presently has a “hold” rating on the restaurant operator’s stock. Stifel Nicolaus’ target price indicates a potential upside of 5.38% from the company’s current price.

Several other equities analysts have also weighed in on the stock. JPMorgan Chase & Co. boosted their target price 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. Barclays upped their price target on Texas Roadhouse from $138.00 to $160.00 and gave the company an “equal weight” rating in a research note on Friday, May 3rd. Wells Fargo & Company lifted their price target on shares of Texas Roadhouse from $140.00 to $165.00 and gave the company an “equal weight” rating in a research report on Friday, May 3rd. Northcoast Research lowered shares of Texas Roadhouse from a “buy” rating to a “neutral” rating in a report on Tuesday, February 20th. Finally, BMO Capital Markets increased their price objective on shares of Texas Roadhouse from $130.00 to $145.00 and gave the stock a “market perform” rating in a research report on Friday, May 3rd. Thirteen investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat.com, Texas Roadhouse has an average rating of “Hold” and an average target price of $155.55.

Texas Roadhouse Trading Down 1.0 %

Shares of NASDAQ TXRH opened at $166.07 on Monday. The company has a 50-day moving average of $153.17 and a 200 day moving average of $131.01. Texas Roadhouse has a 12-month low of $91.06 and a 12-month high of $170.39. The stock has a market cap of $11.10 billion, a PE ratio of 33.62, a P/E/G ratio of 1.73 and a beta of 1.00.

Texas Roadhouse (NASDAQ:TXRH) last released its quarterly earnings data on Thursday, May 2nd. The restaurant operator reported $1.69 earnings per share for the quarter, topping analysts’ consensus estimates of $1.65 by $0.04. Texas Roadhouse had a return on equity of 28.85% and a net margin of 6.94%. The company had revenue of $1.32 billion for the quarter, compared to analyst estimates of $1.32 billion. During the same quarter in the previous year, the company posted $1.28 earnings per share. The firm’s revenue for the quarter was up 12.5% compared to the same quarter last year. On average, sell-side analysts forecast that Texas Roadhouse will post 5.9 EPS for the current fiscal year.

Insiders Place Their Bets

In other Texas Roadhouse news, CEO Gerald L. Morgan sold 5,000 shares of the company’s stock in a transaction that occurred on Thursday, February 29th. The stock was sold at an average price of $147.90, for a total transaction of $739,500.00. Following the sale, the chief executive officer now owns 92,847 shares in the company, valued at $13,732,071.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other Texas Roadhouse news, CTO Hernan E. Mujica sold 878 shares of the firm’s stock in a transaction dated Wednesday, February 28th. The shares were sold at an average price of $149.61, for a total value of $131,357.58. Following the transaction, the chief technology officer now owns 22,361 shares of the company’s stock, valued at $3,345,429.21. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Gerald L. Morgan sold 5,000 shares of the firm’s stock in a transaction on Thursday, February 29th. The shares were sold at an average price of $147.90, for a total value of $739,500.00. Following the completion of the sale, the chief executive officer now owns 92,847 shares in the company, valued at $13,732,071.30. The disclosure for this sale can be found here. Insiders sold a total of 12,382 shares of company stock valued at $1,843,145 in the last ninety days. Corporate insiders own 0.50% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Operose Advisors LLC acquired a new position in shares of Texas Roadhouse during the 3rd quarter valued at $28,000. Rise Advisors LLC acquired a new position in shares of Texas Roadhouse in the 1st quarter worth approximately $32,000. China Universal Asset Management Co. Ltd. raised its holdings in shares of Texas Roadhouse by 454.5% in the 1st quarter. China Universal Asset Management Co. Ltd. now owns 244 shares of the restaurant operator’s stock worth $38,000 after purchasing an additional 200 shares in the last quarter. Fifth Third Bancorp lifted its stake 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 purchasing an additional 125 shares during the last quarter. Finally, TFC Financial Management Inc. grew its position in Texas Roadhouse by 100.0% in the fourth quarter. TFC Financial Management Inc. now owns 580 shares of the restaurant operator’s stock worth $71,000 after buying an additional 290 shares during the last quarter. 94.82% of the stock is owned by institutional investors and hedge funds.

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.