Texas Roadhouse (NASDAQ:TXRH) Given New $180.00 Price Target at Stifel Nicolaus

Texas Roadhouse (NASDAQ:TXRH) had its target price lifted by analysts at Stifel Nicolaus from $170.00 to $180.00 in a research note issued on Tuesday,Benzinga reports. The brokerage presently has a “hold” rating on the restaurant operator’s stock. Stifel Nicolaus’ price objective would indicate a potential downside of 1.93% from the company’s previous close.

Other equities analysts have also issued reports about the stock. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $200.00 target price on shares of Texas Roadhouse in a research report on Friday. Wall Street Zen upgraded shares of Texas Roadhouse from a “sell” rating to a “hold” rating in a research report on Sunday. Citigroup lowered their target price on shares of Texas Roadhouse from $176.00 to $174.00 and set a “neutral” rating on the stock in a research report on Friday. Wells Fargo & Company lowered their target price on shares of Texas Roadhouse from $220.00 to $200.00 and set an “overweight” rating on the stock in a research report on Thursday, April 16th. Finally, Piper Sandler raised their target price on shares of Texas Roadhouse from $190.00 to $192.00 and gave the stock a “neutral” rating in a research report on Monday. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and fifteen have assigned a Hold rating to the stock. Based on data from MarketBeat, Texas Roadhouse currently has an average rating of “Hold” and an average target price of $193.45.

Texas Roadhouse Trading Up 3.5%

Shares of TXRH opened at $183.54 on Tuesday. The firm has a market cap of $12.10 billion, a PE ratio of 29.32, a price-to-earnings-growth ratio of 2.03 and a beta of 0.77. The company’s 50 day simple moving average is $166.71 and its 200-day simple moving average is $172.67. Texas Roadhouse has a 12-month low of $153.82 and a 12-month high of $199.99.

Texas Roadhouse (NASDAQ:TXRH) last announced its earnings results on Thursday, May 7th. The restaurant operator reported $1.87 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.80 by $0.07. The business had revenue of $1.63 billion for the quarter, compared to analyst estimates of $1.64 billion. Texas Roadhouse had a net margin of 6.85% and a return on equity of 27.86%. The company’s revenue for the quarter was up 10.5% compared to the same quarter last year. During the same period last year, the firm posted $1.70 earnings per share. As a group, equities research analysts forecast that Texas Roadhouse will post 6.33 EPS for the current fiscal year.

Insider Buying and Selling

In other Texas Roadhouse news, President Regina A. Tobin sold 4,450 shares of the firm’s stock in a transaction on Thursday, March 19th. The stock was sold at an average price of $171.00, for a total value of $760,950.00. Following the completion of the sale, 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Gregory N. Moore sold 1,700 shares of the firm’s stock in a transaction on Friday, March 6th. The shares were sold at an average price of $171.59, for a total value of $291,703.00. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 12,988 shares of company stock valued at $2,218,144 in the last quarter. Corporate insiders own 0.50% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Elyxium Wealth LLC acquired a new position in shares of Texas Roadhouse during the 4th quarter worth $25,000. Princeton Global Asset Management LLC acquired a new position in shares of Texas Roadhouse during the 4th quarter worth $31,000. Measured Wealth Private Client Group LLC acquired a new position in shares of Texas Roadhouse during the 3rd quarter worth $33,000. Garton & Associates Financial Advisors LLC acquired a new position in shares of Texas Roadhouse during the 4th quarter worth $34,000. Finally, Root Financial Partners LLC acquired a new position in shares of Texas Roadhouse during the 3rd quarter worth $36,000. Institutional investors and hedge funds own 94.82% of the company’s stock.

Texas Roadhouse Company Profile

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.