Texas Roadhouse (NASDAQ:TXRH) Price Target Raised to $175.00

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

TXRH has been the topic of several other reports. Barclays lifted their price objective on Texas Roadhouse from $138.00 to $160.00 and gave the company an “equal weight” rating in a research report on Friday, May 3rd. Royal Bank of Canada raised their price objective on Texas Roadhouse from $145.00 to $165.00 and gave the company a “sector perform” rating in a research report on Friday, May 3rd. Stephens increased their price target on shares of Texas Roadhouse from $150.00 to $164.00 and gave the stock an “equal weight” rating in a research note on Friday, May 3rd. Jefferies Financial Group boosted their price objective on shares of Texas Roadhouse from $120.00 to $136.00 and gave the stock a “hold” rating in a research note on Tuesday, April 16th. Finally, Wedbush lifted their target price on shares of Texas Roadhouse from $170.00 to $180.00 and gave the company an “outperform” rating in a report on Friday, May 3rd. Thirteen equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $155.55.

Texas Roadhouse Price Performance

Shares of NASDAQ TXRH opened at $166.07 on Monday. Texas Roadhouse has a 1 year low of $91.06 and a 1 year high of $170.39. The stock has a market capitalization of $11.10 billion, a P/E ratio of 33.62, a P/E/G ratio of 1.73 and a beta of 1.00. The company has a 50-day moving average price of $153.17 and a 200-day moving average price of $131.01.

Texas Roadhouse (NASDAQ:TXRH) last issued its quarterly earnings data on Thursday, May 2nd. The restaurant operator reported $1.69 EPS 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 firm had revenue of $1.32 billion during the quarter, compared to analyst estimates of $1.32 billion. During the same period in the previous year, the company posted $1.28 EPS. The company’s revenue for the quarter was up 12.5% on a year-over-year basis. As a group, equities research analysts anticipate that Texas Roadhouse will post 5.9 earnings per share for the current fiscal year.

Insider Buying and Selling at Texas Roadhouse

In other Texas Roadhouse news, insider Christopher C. Colson sold 405 shares of the stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $149.05, for a total transaction of $60,365.25. Following the completion of the transaction, the insider now owns 8,500 shares of the company’s stock, valued at approximately $1,266,925. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, insider Christopher C. Colson sold 405 shares of the stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $149.05, for a total transaction of $60,365.25. Following the completion of the transaction, the insider now directly owns 8,500 shares in the company, valued at approximately $1,266,925. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Donna E. Epps sold 670 shares of the company’s stock in a transaction on Thursday, March 7th. The shares were sold at an average price of $149.97, for a total transaction of $100,479.90. Following the sale, the director now directly owns 4,142 shares in the company, valued at approximately $621,175.74. 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 three months. 0.50% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Texas Roadhouse

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Comerica Bank purchased a new stake in Texas Roadhouse in the 3rd quarter worth about $10,585,000. Bamco Inc. NY raised its holdings in shares of Texas Roadhouse by 16.9% in the third quarter. Bamco Inc. NY now owns 296,213 shares of the restaurant operator’s stock worth $28,466,000 after buying an additional 42,755 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in shares of Texas Roadhouse by 1.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 754,658 shares of the restaurant operator’s stock worth $72,523,000 after acquiring an additional 8,219 shares during the last quarter. Assenagon Asset Management S.A. purchased a new position in Texas Roadhouse during the 3rd quarter valued at $8,748,000. Finally, Boston Trust Walden Corp grew its position in Texas Roadhouse by 12.9% in the 4th quarter. Boston Trust Walden Corp now owns 777,202 shares of the restaurant operator’s stock valued at $94,997,000 after acquiring an additional 89,019 shares during the last quarter. 94.82% of the stock is currently 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.