Mizuho Issues Positive Forecast for Texas Roadhouse (NASDAQ:TXRH) Stock Price

Texas Roadhouse (NASDAQ:TXRH) had its target price raised by Mizuho from $190.00 to $200.00 in a research report released on Thursday morning, Marketbeat reports. The firm currently has an outperform rating on the restaurant operator’s stock.

Several other research firms also recently weighed in on TXRH. The Goldman Sachs Group lifted their target price on Texas Roadhouse from $175.00 to $200.00 and gave the company a “neutral” rating in a research report on Wednesday, January 28th. Wells Fargo & Company lifted their price objective on shares of Texas Roadhouse from $195.00 to $220.00 and gave the company an “overweight” rating in a report on Thursday, January 22nd. Barclays upped their target price on shares of Texas Roadhouse from $170.00 to $185.00 and gave the stock an “equal weight” rating in a research note on Wednesday, January 7th. Citigroup raised their price target on shares of Texas Roadhouse from $175.00 to $190.00 and gave the company a “neutral” rating in a research report on Monday. Finally, UBS Group restated a “buy” rating on shares of Texas Roadhouse in a research note on Monday, November 10th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and eleven have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $196.57.

Texas Roadhouse Stock Performance

Texas Roadhouse stock opened at $181.92 on Thursday. The company has a market capitalization of $12.03 billion, a PE ratio of 27.82, a price-to-earnings-growth ratio of 2.99 and a beta of 0.88. Texas Roadhouse has a fifty-two week low of $148.73 and a fifty-two week high of $199.99. The firm has a 50 day moving average price of $178.83 and a 200 day moving average price of $173.65.

Insider Activity

In other news, CEO Gerald L. Morgan sold 5,000 shares of the business’s stock in a transaction dated Tuesday, January 20th. The stock was sold at an average price of $196.00, for a total value of $980,000.00. Following the completion of the sale, the chief executive officer directly owned 91,774 shares of the company’s stock, valued at approximately $17,987,704. The trade was a 5.17% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Hugh J. Carroll sold 1,000 shares of the firm’s stock in a transaction that occurred on Thursday, December 4th. The stock was sold at an average price of $167.27, for a total value of $167,270.00. Following the transaction, the director owned 1,854 shares in the company, valued at $310,118.58. This represents a 35.04% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 12,400 shares of company stock valued at $2,320,920. Insiders own 0.50% of the company’s stock.

Institutional Trading of Texas Roadhouse

Institutional investors and hedge funds have recently bought and sold shares of the business. Caldwell Trust Co acquired a new position in Texas Roadhouse in the second quarter valued at $28,000. Elyxium Wealth LLC acquired a new stake in shares of Texas Roadhouse during the fourth quarter worth about $25,000. Princeton Global Asset Management LLC purchased a new position in shares of Texas Roadhouse during the fourth quarter worth about $31,000. Measured Wealth Private Client Group LLC purchased a new position in shares of Texas Roadhouse during the third quarter worth about $33,000. Finally, Root Financial Partners LLC acquired a new position in Texas Roadhouse in the 3rd quarter valued at about $36,000. Hedge funds and other 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.