Texas Roadhouse (NASDAQ:TXRH) Price Target Raised to $175.00

Texas Roadhouse (NASDAQ:TXRH) had its price target increased by equities researchers at BTIG Research from $155.00 to $175.00 in a research report issued on Friday, Benzinga reports. The brokerage presently has a “buy” rating on the restaurant operator’s stock. BTIG Research’s price objective indicates a potential upside of 6.96% from the stock’s current price.

TXRH has been the topic of a number of other reports. Stephens boosted their target price on Texas Roadhouse from $150.00 to $164.00 and gave the stock an “equal weight” rating in a research report on Friday. JPMorgan Chase & Co. upped their target price on Texas Roadhouse from $142.00 to $145.00 and gave the company a “neutral” rating in a report on Tuesday, March 19th. Piper Sandler boosted their price objective on shares of Texas Roadhouse from $110.00 to $136.00 and gave the company a “neutral” rating in a research report on Tuesday, February 20th. Truist Financial increased their target price on shares of Texas Roadhouse from $170.00 to $181.00 and gave the stock a “buy” rating in a research report on Friday. Finally, Evercore ISI boosted their price target on shares of Texas Roadhouse from $160.00 to $175.00 and gave the company an “outperform” rating in a report on Friday. Twelve investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $151.30.

Texas Roadhouse Stock Up 3.6 %

NASDAQ:TXRH opened at $163.61 on Friday. The business’s 50-day moving average price is $152.50 and its 200 day moving average price is $129.78. Texas Roadhouse has a 52-week low of $91.06 and a 52-week high of $170.39. The firm has a market cap of $10.93 billion, a P/E ratio of 33.12, a PEG ratio of 1.77 and a beta of 1.00.

Texas Roadhouse (NASDAQ:TXRH) last released its earnings results on Thursday, May 2nd. The restaurant operator reported $1.69 EPS for the quarter, beating the consensus estimate of $1.65 by $0.04. The business had revenue of $1.32 billion during the quarter, compared to analyst estimates of $1.32 billion. Texas Roadhouse had a net margin of 6.94% and a return on equity of 29.49%. The business’s quarterly revenue was up 12.5% on a year-over-year basis. During the same period in the prior year, the business earned $1.28 earnings per share. Sell-side analysts expect that Texas Roadhouse will post 5.9 EPS for the current year.

Insider Buying and Selling at Texas Roadhouse

In other 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 directly owns 15,261 shares in the company, valued at $2,290,218.27. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, Director Donna E. Epps sold 670 shares of the stock in a transaction dated Thursday, March 7th. The shares were sold at an average price of $149.97, for a total value of $100,479.90. Following the completion of the sale, the director now owns 4,142 shares in the company, valued at $621,175.74. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, 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 sale, the president now directly owns 15,261 shares in the company, valued at $2,290,218.27. The disclosure for this sale can be found here. Insiders sold 12,382 shares of company stock worth $1,843,145 over the last ninety days. Company insiders own 0.50% of the company’s stock.

Institutional Trading of Texas Roadhouse

Hedge funds have recently modified their holdings of the company. Wellington Management Group LLP increased its holdings in Texas Roadhouse by 1.7% in the 3rd quarter. Wellington Management Group LLP now owns 1,807,430 shares of the restaurant operator’s stock valued at $173,694,000 after buying an additional 29,506 shares during the period. JPMorgan Chase & Co. raised its stake in Texas Roadhouse by 0.5% during the third quarter. JPMorgan Chase & Co. now owns 1,611,543 shares of the restaurant operator’s stock worth $154,869,000 after acquiring an additional 8,392 shares in the last quarter. Invesco Ltd. lifted its holdings in shares of Texas Roadhouse by 40.7% during the third quarter. Invesco Ltd. now owns 1,281,296 shares of the restaurant operator’s stock valued at $123,133,000 after acquiring an additional 370,627 shares during the period. Victory Capital Management Inc. lifted its holdings in Texas Roadhouse by 26.3% during the 3rd quarter. Victory Capital Management Inc. now owns 985,795 shares of the restaurant operator’s stock valued at $94,735,000 after purchasing an additional 205,064 shares during the last quarter. Finally, Geneva Capital Management LLC increased its holdings in shares of Texas Roadhouse by 7.9% during the fourth quarter. Geneva Capital Management LLC now owns 948,219 shares of the restaurant operator’s stock worth $115,901,000 after buying an additional 69,536 shares in the last quarter. Institutional investors own 94.82% of the company’s stock.

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.