Stifel Nicolaus Lowers Texas Roadhouse (NASDAQ:TXRH) Price Target to $185.00

Texas Roadhouse (NASDAQ:TXRH) had its price objective lowered by Stifel Nicolaus from $195.00 to $185.00 in a research note issued on Friday,Benzinga reports. The firm currently has a “hold” rating on the restaurant operator’s stock. Stifel Nicolaus’ target price would suggest a potential upside of 8.60% from the company’s current price.

Other equities research analysts have also issued reports about the stock. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $200.00 price objective on shares of Texas Roadhouse in a research note on Thursday, January 16th. Gordon Haskett downgraded shares of Texas Roadhouse from a “buy” rating to a “hold” rating and set a $192.00 target price on the stock. in a research report on Wednesday, January 8th. Barclays boosted their target price on shares of Texas Roadhouse from $160.00 to $175.00 and gave the company an “equal weight” rating in a research report on Friday, October 25th. Wedbush reiterated an “outperform” rating and set a $200.00 target price on shares of Texas Roadhouse in a research report on Thursday, December 19th. Finally, UBS Group boosted their target price on shares of Texas Roadhouse from $200.00 to $210.00 and gave the company a “buy” rating in a research report on Friday, October 25th. Thirteen research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $190.83.

Texas Roadhouse Price Performance

TXRH stock traded down $1.08 during trading on Friday, reaching $170.35. 347,600 shares of the company were exchanged, compared to its average volume of 922,456. Texas Roadhouse has a twelve month low of $132.28 and a twelve month high of $206.04. The company has a market capitalization of $11.36 billion, a price-to-earnings ratio of 29.27, a P/E/G ratio of 1.28 and a beta of 1.02. The company has a 50-day moving average of $181.54 and a two-hundred day moving average of $179.98.

Insider Activity at Texas Roadhouse

In related news, insider Christopher C. Colson sold 1,370 shares of the firm’s stock in a transaction that occurred on Friday, January 10th. The shares were sold at an average price of $179.46, for a total value of $245,860.20. Following the sale, the insider now directly owns 10,000 shares of the company’s stock, valued at $1,794,600. This trade represents a 12.05 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.50% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Hantz Financial Services Inc. grew its holdings in shares of Texas Roadhouse by 8,594.4% in the third quarter. Hantz Financial Services Inc. now owns 3,130 shares of the restaurant operator’s stock worth $553,000 after purchasing an additional 3,094 shares during the last quarter. Massachusetts Financial Services Co. MA bought a new stake in Texas Roadhouse in the third quarter valued at $17,853,000. Victory Capital Management Inc. boosted its holdings in Texas Roadhouse by 194.9% in the third quarter. Victory Capital Management Inc. now owns 67,733 shares of the restaurant operator’s stock valued at $11,962,000 after acquiring an additional 44,768 shares in the last quarter. First Hawaiian Bank bought a new stake in shares of Texas Roadhouse during the 4th quarter valued at $1,554,000. Finally, Thrivent Financial for Lutherans boosted its holdings in shares of Texas Roadhouse by 0.9% during the 3rd quarter. Thrivent Financial for Lutherans now owns 483,045 shares of the restaurant operator’s stock valued at $85,306,000 after buying an additional 4,391 shares in the last quarter. 94.82% of the stock is owned by hedge funds and other 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.