Texas Roadhouse (NASDAQ:TXRH) PT Raised to $178.00

Texas Roadhouse (NASDAQ:TXRH) had its target price increased by investment analysts at Citigroup from $162.00 to $178.00 in a research report issued to clients and investors on Wednesday, Benzinga reports. The brokerage currently has a “buy” rating on the restaurant operator’s stock. Citigroup’s price objective would indicate a potential upside of 13.47% from the stock’s previous close.

Several other equities research analysts also recently issued reports on TXRH. Wedbush raised their price target on Texas Roadhouse from $160.00 to $170.00 and gave the company an “outperform” rating in a report on Friday, April 5th. UBS Group raised their price target on Texas Roadhouse from $145.00 to $155.00 and gave the company a “buy” rating in a report on Friday, February 16th. BMO Capital Markets lifted their target price on Texas Roadhouse from $110.00 to $130.00 and gave the stock a “market perform” rating in a report on Friday, February 16th. Robert W. Baird raised Texas Roadhouse from a “neutral” rating to an “outperform” rating and lifted their target price for the stock from $160.00 to $175.00 in a report on Wednesday, March 13th. Finally, JPMorgan Chase & Co. lifted their target price on Texas Roadhouse from $142.00 to $145.00 and gave the stock a “neutral” rating in a report on Tuesday, March 19th. Eleven analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $138.76.

Texas Roadhouse Trading Up 0.1 %

NASDAQ TXRH opened at $156.87 on Wednesday. The company has a market cap of $10.48 billion, a PE ratio of 34.63, a PEG ratio of 1.70 and a beta of 0.99. Texas Roadhouse has a 12 month low of $91.06 and a 12 month high of $159.31. The stock has a 50 day moving average of $151.10 and a 200-day moving average of $126.83.

Texas Roadhouse (NASDAQ:TXRH) last announced its quarterly earnings results on Thursday, February 15th. The restaurant operator reported $1.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.07 by $0.01. Texas Roadhouse had a return on equity of 27.43% and a net margin of 6.58%. The business had revenue of $1.16 billion during the quarter, compared to the consensus estimate of $1.16 billion. During the same quarter last year, the firm posted $0.89 EPS. The company’s quarterly revenue was up 15.3% on a year-over-year basis. As a group, sell-side analysts predict that Texas Roadhouse will post 5.77 EPS for the current fiscal year.

Insider Buying and Selling at Texas Roadhouse

In other Texas Roadhouse news, President Regina A. Tobin sold 3,064 shares of Texas Roadhouse stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $150.07, for a total value of $459,814.48. Following the transaction, the president now owns 15,261 shares in the company, valued at $2,290,218.27. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, President Regina A. Tobin sold 3,064 shares of the business’s stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $150.07, for a total transaction of $459,814.48. Following the sale, the president now directly owns 15,261 shares in the company, valued at $2,290,218.27. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Donna E. Epps sold 670 shares of the business’s stock in a transaction dated Thursday, March 7th. The stock was sold at an average price of $149.97, for a total value of $100,479.90. Following the sale, the director now owns 4,142 shares in the company, valued at $621,175.74. The disclosure for this sale can be found here. Insiders have sold a total of 12,382 shares of company stock worth $1,843,145 over the last 90 days. Insiders own 0.50% of the company’s stock.

Institutional Trading of Texas Roadhouse

Several hedge funds and other institutional investors have recently made changes to their positions in TXRH. Norges Bank bought a new stake in shares of Texas Roadhouse during the fourth quarter worth about $78,544,000. Balyasny Asset Management L.P. lifted its stake in shares of Texas Roadhouse by 4,150.1% in the fourth quarter. Balyasny Asset Management L.P. now owns 451,697 shares of the restaurant operator’s stock worth $55,211,000 after acquiring an additional 441,069 shares during the period. Invesco Ltd. lifted its stake in shares of Texas Roadhouse by 40.7% in the third quarter. Invesco Ltd. now owns 1,281,296 shares of the restaurant operator’s stock worth $123,133,000 after acquiring an additional 370,627 shares during the period. Qube Research & Technologies Ltd lifted its stake in shares of Texas Roadhouse by 60.9% in the third quarter. Qube Research & Technologies Ltd now owns 777,893 shares of the restaurant operator’s stock worth $74,756,000 after acquiring an additional 294,425 shares during the period. Finally, Armistice Capital LLC acquired a new position in shares of Texas Roadhouse in the fourth quarter worth approximately $28,724,000. 94.82% of the stock is currently owned by 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.