Texas Roadhouse, Inc. (NASDAQ:TXRH) Receives Average Rating of “Moderate Buy” from Analysts

Shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) have earned a consensus rating of “Moderate Buy” from the twenty-three analysts that are covering the stock, MarketBeat Ratings reports. Eleven analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. The average 12 month target price among brokers that have covered the stock in the last year is $196.5714.

Several research firms have weighed in on TXRH. Morgan Stanley boosted their price target on Texas Roadhouse from $205.00 to $208.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 20th. BMO Capital Markets boosted their target price on shares of Texas Roadhouse from $155.00 to $170.00 and gave the stock a “market perform” rating in a report on Tuesday, January 6th. The Goldman Sachs Group increased their price target on shares of Texas Roadhouse from $175.00 to $200.00 and gave the company a “neutral” rating in a research note on Wednesday, January 28th. TD Cowen began coverage on shares of Texas Roadhouse in a research report on Tuesday, January 20th. They issued a “buy” rating and a $215.00 price objective for the company. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Texas Roadhouse in a report on Monday, December 29th.

Texas Roadhouse Stock Performance

NASDAQ:TXRH opened at $180.90 on Tuesday. Texas Roadhouse has a 52-week low of $148.73 and a 52-week high of $199.99. The company has a market cap of $11.97 billion, a P/E ratio of 27.66, a P/E/G ratio of 2.95 and a beta of 0.88. The stock’s 50-day simple moving average is $179.44 and its 200 day simple moving average is $173.40.

Insider Buying and Selling at Texas Roadhouse

In other news, Director Hugh J. Carroll sold 1,000 shares of Texas Roadhouse stock in a transaction that occurred on Thursday, December 4th. The stock was sold at an average price of $167.27, for a total transaction of $167,270.00. Following the completion of the transaction, the director directly owned 1,854 shares in the company, valued at approximately $310,118.58. The trade was a 35.04% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Gregory N. Moore sold 1,400 shares of the stock in a transaction on Wednesday, December 3rd. The shares were sold at an average price of $170.00, for a total value of $238,000.00. Following the completion of the sale, the director owned 32,150 shares in the company, valued at approximately $5,465,500. This trade represents a 4.17% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 12,400 shares of company stock worth $2,320,920 over the last 90 days. Company insiders own 0.50% of the company’s stock.

Institutional Investors Weigh In On Texas Roadhouse

Hedge funds and other institutional investors have recently modified their holdings of the company. Elyxium Wealth LLC bought a new position in Texas Roadhouse in the 4th quarter valued at about $25,000. Caldwell Trust Co acquired a new stake in shares of Texas Roadhouse during the 2nd quarter worth approximately $28,000. Princeton Global Asset Management LLC acquired a new stake in shares of Texas Roadhouse during the 4th quarter worth approximately $31,000. Measured Wealth Private Client Group LLC bought a new position in Texas Roadhouse in the third quarter valued at approximately $33,000. Finally, Root Financial Partners LLC acquired a new position in Texas Roadhouse during the third quarter valued at approximately $36,000. Institutional investors and hedge funds 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.