Texas Roadhouse (NASDAQ:TXRH) PT Raised to $183.00 at Citigroup

Texas Roadhouse (NASDAQ:TXRH) had its price objective raised by stock analysts at Citigroup from $178.00 to $183.00 in a report issued on Friday, Benzinga reports. The firm currently has a “buy” rating on the restaurant operator’s stock. Citigroup’s target price would suggest a potential upside of 11.85% from the stock’s current price.

TXRH has been the subject of several other reports. BTIG Research boosted their price target on Texas Roadhouse from $155.00 to $175.00 and gave the company a “buy” rating in a report on Friday. Piper Sandler upped their target price on Texas Roadhouse from $110.00 to $136.00 and gave the company a “neutral” rating in a research note on Tuesday, February 20th. Stephens raised their price target on Texas Roadhouse from $150.00 to $164.00 and gave the stock an “equal weight” rating in a research note on Friday. Wells Fargo & Company upped their price objective on shares of Texas Roadhouse from $140.00 to $165.00 and gave the company an “equal weight” rating in a research note on Friday. Finally, JPMorgan Chase & Co. increased their price objective on shares of Texas Roadhouse from $142.00 to $145.00 and gave the stock a “neutral” rating in a report on Tuesday, March 19th. Twelve equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $151.30.

Texas Roadhouse Trading Up 3.6 %

Texas Roadhouse stock opened at $163.61 on Friday. The stock has a 50-day moving average price of $152.50 and a 200 day moving average price of $129.78. Texas Roadhouse has a 52 week low of $91.06 and a 52 week high of $170.39. The stock has a market cap of $10.93 billion, a PE ratio of 33.12, a P/E/G ratio of 1.77 and a beta of 1.00.

Texas Roadhouse (NASDAQ:TXRH) last issued its quarterly earnings results on Thursday, May 2nd. The restaurant operator reported $1.69 EPS for the quarter, topping analysts’ consensus estimates of $1.65 by $0.04. The business had revenue of $1.32 billion during the quarter, compared to the consensus estimate of $1.32 billion. Texas Roadhouse had a net margin of 6.94% and a return on equity of 29.49%. The company’s quarterly revenue was up 12.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.28 earnings per share. On average, equities analysts predict that Texas Roadhouse will post 5.9 EPS for the current year.

Insider Activity at Texas Roadhouse

In related news, President Regina A. Tobin sold 3,064 shares of the 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 completion of the transaction, the president now owns 15,261 shares of the company’s stock, valued at $2,290,218.27. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Texas Roadhouse news, President Regina A. Tobin sold 3,064 shares of the firm’s stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $150.07, for a total transaction of $459,814.48. Following the completion of the transaction, the president now directly owns 15,261 shares of the company’s stock, valued at approximately $2,290,218.27. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Christopher C. Colson sold 405 shares of the business’s stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $149.05, for a total value of $60,365.25. Following the completion of the sale, the insider now directly owns 8,500 shares of the company’s stock, valued at $1,266,925. The disclosure for this sale can be found here. In the last three months, insiders sold 12,382 shares of company stock valued at $1,843,145. Corporate insiders own 0.50% of the company’s stock.

Hedge Funds Weigh In On Texas Roadhouse

A number of hedge funds and other institutional investors have recently bought and sold shares of TXRH. Operose Advisors LLC acquired a new stake in shares of Texas Roadhouse during the 3rd quarter worth approximately $28,000. Rise Advisors LLC acquired a new stake in Texas Roadhouse in the first quarter worth $32,000. China Universal Asset Management Co. Ltd. lifted its stake in Texas Roadhouse by 454.5% in the first quarter. China Universal Asset Management Co. Ltd. now owns 244 shares of the restaurant operator’s stock valued at $38,000 after buying an additional 200 shares during the last quarter. Fifth Third Bancorp boosted its holdings in shares of Texas Roadhouse by 35.8% during the third quarter. Fifth Third Bancorp now owns 474 shares of the restaurant operator’s stock valued at $46,000 after acquiring an additional 125 shares during the period. Finally, TFC Financial Management Inc. boosted its holdings in shares of Texas Roadhouse by 100.0% during the fourth quarter. TFC Financial Management Inc. now owns 580 shares of the restaurant operator’s stock valued at $71,000 after acquiring an additional 290 shares during the period. 94.82% of the stock is currently owned by institutional investors and hedge funds.

About Texas Roadhouse

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.