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

Texas Roadhouse (NASDAQ:TXRH) had its price target raised by Citigroup from $180.00 to $197.00 in a research note issued to investors on Tuesday,Benzinga reports. The brokerage currently has a “neutral” rating on the restaurant operator’s stock. Citigroup’s target price indicates a potential upside of 5.13% from the company’s current price.

Several other brokerages have also commented on TXRH. UBS Group increased their price target on shares of Texas Roadhouse from $200.00 to $220.00 and gave the stock a “buy” rating in a research note on Friday, June 6th. Wells Fargo & Company dropped their price target on shares of Texas Roadhouse from $175.00 to $170.00 and set an “equal weight” rating on the stock in a research note on Tuesday, April 22nd. Barclays increased their price target on shares of Texas Roadhouse from $175.00 to $189.00 and gave the stock an “equal weight” rating in a research note on Thursday, July 17th. Morgan Stanley increased their price target on shares of Texas Roadhouse from $200.00 to $205.00 and gave the stock an “overweight” rating in a research note on Monday, July 14th. Finally, Stifel Nicolaus increased their price target on shares of Texas Roadhouse from $180.00 to $188.00 and gave the stock a “hold” rating in a research note on Friday, July 25th. Ten analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $196.85.

Texas Roadhouse Stock Performance

Texas Roadhouse stock opened at $187.38 on Tuesday. The firm has a market cap of $12.43 billion, a PE ratio of 28.92, a P/E/G ratio of 2.60 and a beta of 0.87. The firm’s 50 day moving average price is $189.17 and its two-hundred day moving average price is $179.10. Texas Roadhouse has a twelve month low of $148.73 and a twelve month high of $206.04.

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

Insider Activity at Texas Roadhouse

In other Texas Roadhouse news, Director Donna E. Epps sold 800 shares of the stock in a transaction on Friday, May 23rd. The shares were sold at an average price of $186.52, for a total value 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. This represents a 14.73% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Gregory N. Moore sold 1,000 shares of the stock in a transaction on Monday, May 12th. The shares were sold at an average price of $187.62, for a total transaction of $187,620.00. Following the completion of 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. 0.50% of the stock is currently owned by corporate insiders.

Institutional Trading of Texas Roadhouse

A number of hedge funds have recently bought and sold shares of TXRH. Brooklyn Investment Group boosted its holdings in Texas Roadhouse by 478.6% in the 1st 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 bought a new stake in Texas Roadhouse in the 1st quarter valued at $33,000. Coppell Advisory Solutions LLC lifted its holdings in shares of Texas Roadhouse by 56.8% during the 4th quarter. Coppell Advisory Solutions LLC now owns 196 shares of the restaurant operator’s stock worth $35,000 after acquiring an additional 71 shares during the period. Ameritas Advisory Services LLC bought a new position in shares of Texas Roadhouse during the 2nd quarter worth about $53,000. Finally, WPG Advisers LLC bought a new position in shares of Texas Roadhouse during the 1st quarter worth about $59,000. 94.82% of the stock is owned by 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.