Citigroup Issues Pessimistic Forecast for Texas Roadhouse (NASDAQ:TXRH) Stock Price

Texas Roadhouse (NASDAQ:TXRH) had its price objective lowered by equities research analysts at Citigroup from $184.00 to $176.00 in a report issued on Friday,Benzinga reports. The firm presently has a “neutral” rating on the restaurant operator’s stock. Citigroup’s price objective indicates a potential upside of 10.15% from the stock’s previous close.

Several other equities research analysts have also weighed in on the stock. Stephens increased their price objective on shares of Texas Roadhouse from $168.00 to $180.00 and gave the stock an “equal weight” rating in a research note on Friday, February 20th. BTIG Research reiterated a “buy” rating and set a $200.00 price objective on shares of Texas Roadhouse in a research note on Friday, February 20th. Zacks Research upgraded shares of Texas Roadhouse from a “strong sell” rating to a “hold” rating in a research note on Thursday, January 8th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Texas Roadhouse in a research note on Monday, December 29th. Finally, Benchmark reiterated a “hold” rating on shares of Texas Roadhouse in a research note on Monday, February 23rd. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and thirteen have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $195.14.

Texas Roadhouse Stock Down 0.4%

TXRH opened at $159.78 on Friday. The firm has a market cap of $10.53 billion, a price-to-earnings ratio of 26.24, a price-to-earnings-growth ratio of 1.79 and a beta of 0.88. Texas Roadhouse has a fifty-two week low of $156.00 and a fifty-two week high of $199.99. The company’s 50-day moving average price is $170.05 and its 200 day moving average price is $173.18.

Texas Roadhouse (NASDAQ:TXRH) last released its quarterly earnings data on Thursday, February 19th. The restaurant operator reported $1.28 earnings per share for the quarter, missing the consensus estimate of $1.53 by ($0.25). The business had revenue of $1.48 billion for the quarter, compared to analyst estimates of $1.50 billion. Texas Roadhouse had a return on equity of 27.88% and a net margin of 6.90%.Texas Roadhouse’s revenue was up 3.1% compared to the same quarter last year. During the same quarter last year, the company earned $1.73 EPS. Research analysts anticipate that Texas Roadhouse will post 6.34 earnings per share for the current year.

Insider Transactions at Texas Roadhouse

In other Texas Roadhouse news, CTO Hernan E. Mujica sold 5,000 shares of the company’s stock in a transaction dated Friday, March 13th. The shares were sold at an average price of $170.00, for a total value of $850,000.00. Following the completion of the transaction, the chief technology officer owned 15,552 shares in the company, valued at approximately $2,643,840. This represents a 24.33% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, President Regina A. Tobin sold 4,450 shares of the company’s stock in a transaction dated Thursday, March 19th. The stock was sold at an average price of $171.00, for a total transaction of $760,950.00. Following the completion of the transaction, the president owned 13,778 shares of the company’s stock, valued at approximately $2,356,038. This trade represents a 24.41% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 12,988 shares of company stock worth $2,218,144 in the last quarter. 0.50% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of TXRH. Evergreen Capital Management LLC boosted its holdings in shares of Texas Roadhouse by 1.7% in the fourth quarter. Evergreen Capital Management LLC now owns 3,644 shares of the restaurant operator’s stock valued at $605,000 after acquiring an additional 60 shares in the last quarter. &PARTNERS boosted its holdings in shares of Texas Roadhouse by 3.5% in the fourth quarter. &PARTNERS now owns 1,820 shares of the restaurant operator’s stock valued at $302,000 after acquiring an additional 61 shares in the last quarter. Fifth Third Bancorp boosted its holdings in shares of Texas Roadhouse by 11.6% in the fourth quarter. Fifth Third Bancorp now owns 644 shares of the restaurant operator’s stock valued at $107,000 after acquiring an additional 67 shares in the last quarter. Beacon Investment Advisors LLC boosted its holdings in shares of Texas Roadhouse by 1.4% in the fourth quarter. Beacon Investment Advisors LLC now owns 5,338 shares of the restaurant operator’s stock valued at $886,000 after acquiring an additional 72 shares in the last quarter. Finally, Compound Planning Inc. boosted its holdings in shares of Texas Roadhouse by 5.6% in the fourth quarter. Compound Planning Inc. now owns 1,408 shares of the restaurant operator’s stock valued at $234,000 after acquiring an additional 75 shares in the last quarter. Institutional investors own 94.82% of the company’s stock.

About Texas Roadhouse

Texas Roadhouse, Inc is a casual dining restaurant chain specializing in hand‐cut steaks, fall‐off‐the‐bone ribs, chicken, seafood and house specialties. Each restaurant features a Western‐themed décor, open kitchens and a signature line dance presentation of fresh, made‐from‐scratch sides and breads. The company emphasizes an energetic dining experience, focusing on hospitality, value and a family‐friendly environment.

The concept was created in 1993 by founder Kent Taylor, who sought to combine high‐quality steaks with an approachable, community‐oriented atmosphere.