Wells Fargo & Company Has Lowered Expectations for Texas Roadhouse (NASDAQ:TXRH) Stock Price

Texas Roadhouse (NASDAQ:TXRH) had its target price decreased by research analysts at Wells Fargo & Company from $175.00 to $170.00 in a report released on Tuesday,Benzinga reports. The brokerage currently has an “equal weight” rating on the restaurant operator’s stock. Wells Fargo & Company‘s target price suggests a potential upside of 3.99% from the stock’s previous close.

TXRH has been the subject of several other research reports. Wedbush raised their price target on shares of Texas Roadhouse from $200.00 to $210.00 and gave the company an “outperform” rating in a research report on Friday, March 28th. Citigroup lifted their target price on shares of Texas Roadhouse from $212.00 to $213.00 and gave the stock a “buy” rating in a research report on Friday, February 21st. Barclays cut their target price on Texas Roadhouse from $194.00 to $178.00 and set an “equal weight” rating on the stock in a research note on Friday, February 21st. Stifel Nicolaus decreased their price target on Texas Roadhouse from $172.00 to $170.00 and set a “hold” rating for the company in a research report on Tuesday, April 15th. Finally, Robert W. Baird set a $180.00 price objective on Texas Roadhouse and gave the stock an “outperform” rating in a research report on Monday, April 7th. Ten investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $192.29.

Texas Roadhouse Stock Performance

Shares of TXRH opened at $163.48 on Tuesday. Texas Roadhouse has a 52 week low of $148.73 and a 52 week high of $206.04. The stock has a 50 day moving average price of $170.01 and a two-hundred day moving average price of $180.22. The firm has a market capitalization of $10.86 billion, a P/E ratio of 25.27, a P/E/G ratio of 1.23 and a beta of 0.88.

Texas Roadhouse (NASDAQ:TXRH) last announced its quarterly earnings results on Thursday, February 20th. The restaurant operator reported $1.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.66 by $0.07. Texas Roadhouse had a return on equity of 34.02% and a net margin of 8.07%. The business had revenue of $1.44 billion during the quarter, compared to the consensus estimate of $1.41 billion. On average, equities analysts forecast that Texas Roadhouse will post 7.23 earnings per share for the current year.

Insider Transactions at Texas Roadhouse

In other Texas Roadhouse news, insider Christopher C. Colson sold 580 shares of Texas Roadhouse stock in a transaction that occurred on Friday, February 28th. The shares were sold at an average price of $181.94, for a total transaction of $105,525.20. Following the completion of the sale, the insider now directly owns 12,000 shares in the company, valued at $2,183,280. The trade was a 4.61 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, President Regina A. Tobin sold 3,154 shares of the stock in a transaction on Wednesday, March 5th. The stock was sold at an average price of $185.64, for a total transaction of $585,508.56. Following the completion of the transaction, the president now directly owns 18,414 shares in the company, valued at $3,418,374.96. The trade was a 14.62 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 16,535 shares of company stock valued at $2,952,507. 0.50% of the stock is currently owned by company insiders.

Institutional Trading of Texas Roadhouse

A number of hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. raised its position in Texas Roadhouse by 1.2% during the fourth quarter. Vanguard Group Inc. now owns 6,540,615 shares of the restaurant operator’s stock valued at $1,180,123,000 after purchasing an additional 76,051 shares in the last quarter. Invesco Ltd. increased its position in shares of Texas Roadhouse by 5.9% during the 4th quarter. Invesco Ltd. now owns 2,479,323 shares of the restaurant operator’s stock valued at $447,344,000 after purchasing an additional 138,675 shares during the last quarter. FMR LLC increased its position in shares of Texas Roadhouse by 44.8% during the 4th quarter. FMR LLC now owns 1,300,987 shares of the restaurant operator’s stock valued at $234,737,000 after purchasing an additional 402,465 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of Texas Roadhouse by 0.5% during the 4th quarter. Geode Capital Management LLC now owns 1,207,645 shares of the restaurant operator’s stock valued at $217,959,000 after buying an additional 6,004 shares in the last quarter. Finally, Barclays PLC lifted its position in Texas Roadhouse by 14.4% in the 3rd quarter. Barclays PLC now owns 1,180,842 shares of the restaurant operator’s stock worth $208,539,000 after buying an additional 148,462 shares during the last quarter. 94.82% of the stock is owned by 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.