Stifel Nicolaus Has Lowered Expectations for Texas Roadhouse (NASDAQ:TXRH) Stock Price

Texas Roadhouse (NASDAQ:TXRH) had its target price reduced by equities researchers at Stifel Nicolaus from $185.00 to $172.00 in a research report issued on Friday,Benzinga reports. The firm presently has a “hold” rating on the restaurant operator’s stock. Stifel Nicolaus’ target price suggests a potential upside of 1.42% from the company’s current price.

TXRH has been the topic of a number of other research reports. Robert W. Baird raised their target price on shares of Texas Roadhouse from $190.00 to $205.00 and gave the company an “outperform” rating in a research report on Friday, October 25th. Royal Bank of Canada reissued a “sector perform” rating and issued a $200.00 price target on shares of Texas Roadhouse in a research note on Thursday, January 16th. Barclays dropped their target price on shares of Texas Roadhouse from $194.00 to $178.00 and set an “equal weight” rating on the stock in a research report on Friday. Morgan Stanley upgraded shares of Texas Roadhouse from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $205.00 to $213.00 in a report on Tuesday, January 21st. Finally, Truist Financial raised their target price on Texas Roadhouse from $207.00 to $209.00 and gave the company a “buy” rating in a research note on Wednesday, January 8th. Eleven investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $192.86.

Texas Roadhouse Trading Down 1.2 %

NASDAQ:TXRH opened at $169.59 on Friday. The stock has a market cap of $11.31 billion, a P/E ratio of 29.24, a PEG ratio of 1.25 and a beta of 1.02. The stock has a 50 day simple moving average of $179.58 and a 200 day simple moving average of $180.02. Texas Roadhouse has a 1-year low of $146.51 and a 1-year high of $206.04.

Texas Roadhouse (NASDAQ:TXRH) last posted its quarterly earnings data on Thursday, February 20th. The restaurant operator reported $1.73 earnings per share for the quarter, topping the consensus estimate of $1.66 by $0.07. The business had revenue of $1.44 billion during the quarter, compared to analysts’ expectations of $1.41 billion. Texas Roadhouse had a net margin of 7.65% and a return on equity of 31.33%. As a group, sell-side analysts forecast that Texas Roadhouse will post 6.4 EPS for the current year.

Insider Transactions at Texas Roadhouse

In other news, insider Christopher C. Colson sold 1,370 shares of Texas Roadhouse stock in a transaction dated Friday, January 10th. The shares were sold at an average price of $179.46, for a total transaction of $245,860.20. Following the sale, the insider now owns 10,000 shares of the company’s stock, valued at approximately $1,794,600. The trade was a 12.05 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.50% of the stock is currently owned by company insiders.

Institutional Trading of Texas Roadhouse

A number of institutional investors and hedge funds have recently modified their holdings of TXRH. Creative Planning lifted its stake in Texas Roadhouse by 81.9% during the 3rd quarter. Creative Planning now owns 17,389 shares of the restaurant operator’s stock valued at $3,071,000 after acquiring an additional 7,827 shares during the period. Blue Trust Inc. boosted its stake in shares of Texas Roadhouse by 209.9% in the 3rd quarter. Blue Trust Inc. now owns 471 shares of the restaurant operator’s stock worth $81,000 after buying an additional 319 shares during the last quarter. Signaturefd LLC increased its position in Texas Roadhouse by 6.7% during the third quarter. Signaturefd LLC now owns 2,010 shares of the restaurant operator’s stock valued at $355,000 after acquiring an additional 127 shares during the last quarter. Lecap Asset Management Ltd. purchased a new position in Texas Roadhouse in the third quarter worth about $810,000. Finally, International Assets Investment Management LLC boosted its holdings in shares of Texas Roadhouse by 17,559.6% in the third quarter. International Assets Investment Management LLC now owns 20,132 shares of the restaurant operator’s stock worth $3,555,000 after buying an additional 20,018 shares during the last quarter. Institutional investors own 94.82% of the company’s stock.

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.