Analysts Set Texas Roadhouse, Inc. (NASDAQ:TXRH) PT at $191.26

Texas Roadhouse, Inc. (NASDAQ:TXRH) has earned an average recommendation of “Hold” from the twenty-five ratings firms that are currently covering the firm, Marketbeat.com reports. Thirteen investment analysts have rated the stock with a hold recommendation and twelve have assigned a buy recommendation to the company. The average 12-month price objective among analysts that have covered the stock in the last year is $191.26.

TXRH has been the topic of a number of analyst reports. UBS Group increased their price objective on shares of Texas Roadhouse from $200.00 to $210.00 and gave the stock a “buy” rating in a research note on Friday, October 25th. Stifel Nicolaus increased their price objective on shares of Texas Roadhouse from $180.00 to $195.00 and gave the stock a “hold” rating in a research note on Friday, October 25th. Truist Financial increased their price objective on shares of Texas Roadhouse from $207.00 to $209.00 and gave the stock a “buy” rating in a research note on Wednesday, January 8th. The Goldman Sachs Group initiated coverage on shares of Texas Roadhouse in a research note on Thursday, December 5th. They set a “neutral” rating and a $213.00 price objective on the stock. Finally, Royal Bank of Canada reiterated a “sector perform” rating and set a $200.00 price objective on shares of Texas Roadhouse in a research note on Thursday, January 16th.

Texas Roadhouse Stock Performance

NASDAQ:TXRH opened at $170.77 on Friday. Texas Roadhouse has a 52 week low of $130.15 and a 52 week high of $206.04. The firm has a market cap of $11.39 billion, a price-to-earnings ratio of 29.34, a P/E/G ratio of 1.28 and a beta of 1.02. The firm’s 50-day simple moving average is $183.17 and its 200 day simple moving average is $180.11.

Insider Buying and Selling

In other Texas Roadhouse news, CTO Hernan E. Mujica sold 1,500 shares of the firm’s stock in a transaction that occurred on Thursday, November 14th. The shares were sold at an average price of $202.26, for a total transaction of $303,390.00. Following the completion of the transaction, the chief technology officer now owns 16,342 shares in the company, valued at approximately $3,305,332.92. This trade represents a 8.41 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Christopher C. Colson sold 1,370 shares of the firm’s stock in a transaction that occurred on Friday, January 10th. The stock was sold at an average price of $179.46, for a total transaction of $245,860.20. Following the transaction, the insider now owns 10,000 shares of the company’s stock, valued at approximately $1,794,600. The trade was a 12.05 % decrease in their position. The disclosure for this sale can be found here. 0.50% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. increased its stake in shares of Texas Roadhouse by 41.0% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 684 shares of the restaurant operator’s stock valued at $117,000 after acquiring an additional 199 shares in the last quarter. Cetera Investment Advisers increased its stake in shares of Texas Roadhouse by 125.1% in the 2nd quarter. Cetera Investment Advisers now owns 6,392 shares of the restaurant operator’s stock valued at $1,098,000 after acquiring an additional 3,553 shares in the last quarter. Sanctuary Advisors LLC bought a new stake in shares of Texas Roadhouse in the 2nd quarter valued at $953,000. GAMMA Investing LLC increased its stake in shares of Texas Roadhouse by 14.2% in the 3rd quarter. GAMMA Investing LLC now owns 1,198 shares of the restaurant operator’s stock valued at $212,000 after acquiring an additional 149 shares in the last quarter. Finally, CWM LLC increased its stake in Texas Roadhouse by 47.0% during the 3rd quarter. CWM LLC now owns 10,172 shares of the restaurant operator’s stock valued at $1,796,000 after purchasing an additional 3,250 shares in the last quarter. Institutional investors 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.