Texas Roadhouse (NASDAQ:TXRH) Price Target Cut to $180.00 by Analysts at Stephens

Texas Roadhouse (NASDAQ:TXRH) had its price target lowered by investment analysts at Stephens from $186.00 to $180.00 in a note issued to investors on Friday,Benzinga reports. The brokerage presently has an “equal weight” rating on the restaurant operator’s stock. Stephens’ target price would suggest a potential upside of 7.18% from the company’s current price.

Other research analysts also recently issued research reports about the stock. Gordon Haskett downgraded shares of Texas Roadhouse from a “buy” rating to a “hold” rating and set a $192.00 price target for the company. in a research note on Wednesday, January 8th. UBS Group lifted their price target on shares of Texas Roadhouse from $200.00 to $210.00 and gave the stock a “buy” rating in a research note on Friday, October 25th. Loop Capital decreased their price target on shares of Texas Roadhouse from $215.00 to $209.00 and set a “buy” rating for the company in a research note on Monday, October 28th. BMO Capital Markets lifted their price target on shares of Texas Roadhouse from $155.00 to $162.00 and gave the stock a “market perform” rating in a research note on Friday, October 25th. Finally, Robert W. Baird lifted their price target on shares of Texas Roadhouse from $190.00 to $205.00 and gave the stock an “outperform” rating in a research note on Friday, October 25th. Eleven investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $192.50.

Texas Roadhouse Price Performance

Shares of TXRH stock traded down $3.63 during trading on Friday, reaching $167.94. The company’s stock had a trading volume of 1,533,452 shares, compared to its average volume of 1,038,766. The company has a market capitalization of $11.20 billion, a price-to-earnings ratio of 28.87, a P/E/G ratio of 1.25 and a beta of 1.02. The stock’s 50-day moving average price is $179.58 and its 200 day moving average price is $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 announced its quarterly earnings data on Thursday, February 20th. The restaurant operator reported $1.73 earnings per share for the quarter, beating analysts’ consensus estimates of $1.66 by $0.07. The firm 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%. On average, sell-side analysts anticipate that Texas Roadhouse will post 6.4 EPS for the current fiscal year.

Insider Transactions at Texas Roadhouse

In related news, insider Christopher C. Colson sold 1,370 shares of the stock in a transaction dated 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 approximately $1,794,600. This represents a 12.05 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.50% of the company’s stock.

Institutional Investors Weigh In On Texas Roadhouse

A number of large investors have recently added to or reduced their stakes in TXRH. Creative Planning grew its stake in Texas Roadhouse by 81.9% in 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 last quarter. Blue Trust Inc. lifted its holdings in Texas Roadhouse by 209.9% in the 3rd quarter. Blue Trust Inc. now owns 471 shares of the restaurant operator’s stock valued at $81,000 after purchasing an additional 319 shares in the last quarter. Signaturefd LLC lifted its holdings in Texas Roadhouse by 6.7% in the 3rd quarter. Signaturefd LLC now owns 2,010 shares of the restaurant operator’s stock valued at $355,000 after purchasing an additional 127 shares in the last quarter. Lecap Asset Management Ltd. purchased a new position in Texas Roadhouse in the 3rd quarter valued at about $810,000. Finally, International Assets Investment Management LLC lifted its holdings in Texas Roadhouse by 17,559.6% in the 3rd quarter. International Assets Investment Management LLC now owns 20,132 shares of the restaurant operator’s stock valued at $3,555,000 after purchasing an additional 20,018 shares in the last quarter. 94.82% of the stock is 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.