Citigroup Increases Texas Roadhouse (NASDAQ:TXRH) Price Target to $197.00

Texas Roadhouse (NASDAQ:TXRH) had its price objective boosted by research analysts at Citigroup from $180.00 to $197.00 in a research report issued on Tuesday,Benzinga reports. The brokerage currently has a “neutral” rating on the restaurant operator’s stock. Citigroup’s target price would suggest a potential upside of 5.13% from the stock’s previous close.

Several other brokerages also recently issued reports on TXRH. Robert W. Baird set a $180.00 price target on shares of Texas Roadhouse and gave the company an “outperform” rating in a report on Monday, April 7th. Bank of America lifted their price target on shares of Texas Roadhouse from $203.00 to $219.00 and gave the company a “buy” rating in a report on Friday, July 18th. The Goldman Sachs Group lifted their price target on shares of Texas Roadhouse from $184.00 to $205.00 and gave the company a “neutral” rating in a report on Wednesday, June 4th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Texas Roadhouse in a report on Tuesday, July 15th. Finally, Melius began coverage on shares of Texas Roadhouse in a report on Monday, July 14th. They set a “buy” rating and a $235.00 price target for the company. Ten equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $196.85.

Texas Roadhouse Stock Performance

NASDAQ:TXRH opened at $187.38 on Tuesday. The company has a 50-day moving average of $189.17 and a 200-day moving average of $179.10. The company has a market capitalization of $12.43 billion, a price-to-earnings ratio of 28.92, a PEG ratio of 2.60 and a beta of 0.87. Texas Roadhouse has a 52 week low of $148.73 and a 52 week high of $206.04.

Texas Roadhouse (NASDAQ:TXRH) last issued its quarterly earnings data on Thursday, May 8th. The restaurant operator reported $1.70 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.75 by ($0.05). The company had revenue of $1.45 billion for the quarter, compared to the consensus estimate of $1.44 billion. Texas Roadhouse had a net margin of 7.89% and a return on equity of 32.33%. The firm’s revenue was up 11.8% compared to the same quarter last year. During the same period in the previous year, the business posted $1.69 earnings per share. Sell-side analysts forecast that Texas Roadhouse will post 7.23 EPS for the current year.

Insider Buying and Selling

In related news, Director Donna E. Epps sold 800 shares of the business’s stock in a transaction that occurred on Friday, May 23rd. The shares were sold at an average price of $186.52, for a total transaction of $149,216.00. Following the completion of the sale, the director directly owned 4,632 shares of the company’s stock, valued at $863,960.64. The trade was a 14.73% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Gregory N. Moore sold 1,000 shares of the business’s stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $187.62, for a total transaction of $187,620.00. Following the sale, the director directly owned 38,050 shares of the company’s stock, valued at approximately $7,138,941. This trade represents a 2.56% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.50% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of TXRH. Brooklyn Investment Group grew its holdings in Texas Roadhouse by 478.6% during the first quarter. Brooklyn Investment Group now owns 162 shares of the restaurant operator’s stock valued at $27,000 after purchasing an additional 134 shares during the period. Bogart Wealth LLC acquired a new position in Texas Roadhouse during the first quarter valued at approximately $33,000. Coppell Advisory Solutions LLC grew its holdings in Texas Roadhouse by 56.8% during the fourth quarter. Coppell Advisory Solutions LLC now owns 196 shares of the restaurant operator’s stock valued at $35,000 after purchasing an additional 71 shares during the period. Ameritas Advisory Services LLC acquired a new position in Texas Roadhouse during the second quarter valued at approximately $53,000. Finally, WPG Advisers LLC acquired a new position in Texas Roadhouse during the first quarter valued at approximately $59,000. Institutional investors and hedge funds own 94.82% of the company’s stock.

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.