Texas Roadhouse (NASDAQ:TXRH) Given New $180.00 Price Target at Stifel Nicolaus

Texas Roadhouse (NASDAQ:TXRH) had its price objective hoisted by Stifel Nicolaus from $170.00 to $180.00 in a research note issued to investors on Tuesday,Benzinga reports. The firm presently has a “hold” rating on the restaurant operator’s stock. Stifel Nicolaus’ target price would indicate a potential downside of 1.93% from the company’s previous close.

A number of other research firms have also recently commented on TXRH. Wells Fargo & Company dropped their price objective on Texas Roadhouse from $220.00 to $200.00 and set an “overweight” rating for the company in a research report on Thursday, April 16th. Piper Sandler lifted their price objective on Texas Roadhouse from $190.00 to $192.00 and gave the stock a “neutral” rating in a research report on Monday. BTIG Research reiterated a “buy” rating and set a $200.00 price objective on shares of Texas Roadhouse in a research report on Friday, February 20th. TD Cowen dropped their price objective on Texas Roadhouse from $215.00 to $192.00 and set a “buy” rating for the company in a research report on Friday. Finally, Mizuho lifted their price objective on Texas Roadhouse from $190.00 to $200.00 and gave the stock an “outperform” rating in a research report on Thursday, February 12th. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and fifteen have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $193.45.

Texas Roadhouse Stock Up 3.5%

NASDAQ:TXRH opened at $183.54 on Tuesday. The company has a market capitalization of $12.10 billion, a PE ratio of 29.32, a price-to-earnings-growth ratio of 2.03 and a beta of 0.77. Texas Roadhouse has a 52-week low of $153.82 and a 52-week high of $199.99. The stock has a fifty day simple moving average of $166.71 and a 200-day simple moving average of $172.67.

Texas Roadhouse (NASDAQ:TXRH) last posted its quarterly earnings data on Thursday, May 7th. The restaurant operator reported $1.87 EPS for the quarter, topping analysts’ consensus estimates of $1.80 by $0.07. The firm had revenue of $1.63 billion during the quarter, compared to analysts’ expectations of $1.64 billion. Texas Roadhouse had a return on equity of 27.86% and a net margin of 6.85%.The firm’s quarterly revenue was up 10.5% compared to the same quarter last year. During the same quarter last year, the business posted $1.70 EPS. As a group, equities analysts anticipate that Texas Roadhouse will post 6.33 earnings per share for the current year.

Insider Buying and Selling

In other Texas Roadhouse news, Director Gregory N. Moore sold 1,700 shares of Texas Roadhouse stock in a transaction dated Friday, March 6th. The stock was sold at an average price of $171.59, for a total value of $291,703.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Hugh J. Carroll sold 988 shares of Texas Roadhouse stock in a transaction dated Monday, March 16th. The shares were sold at an average price of $170.96, for a total value of $168,908.48. Following the completion of the sale, the director owned 866 shares of the company’s stock, valued at $148,051.36. This trade represents a 53.29% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 12,988 shares of company stock worth $2,218,144 over the last ninety days. Insiders own 0.50% of the company’s stock.

Institutional Trading of Texas Roadhouse

Several hedge funds and other institutional investors have recently added to or reduced their stakes in TXRH. Elyxium Wealth LLC purchased a new stake in Texas Roadhouse in the 4th quarter valued at about $25,000. Princeton Global Asset Management LLC purchased a new stake in shares of Texas Roadhouse during the 4th quarter worth about $31,000. Measured Wealth Private Client Group LLC purchased a new stake in shares of Texas Roadhouse during the 3rd quarter worth about $33,000. Garton & Associates Financial Advisors LLC purchased a new stake in shares of Texas Roadhouse during the 4th quarter worth about $34,000. Finally, Root Financial Partners LLC purchased a new stake in shares of Texas Roadhouse during the 3rd quarter worth about $36,000. Hedge funds and other institutional investors own 94.82% of the company’s stock.

Texas Roadhouse Company Profile

Texas Roadhouse, Inc is a casual dining restaurant chain specializing in hand‐cut steaks, fall‐off‐the‐bone ribs, chicken, seafood and house specialties. Each restaurant features a Western‐themed décor, open kitchens and a signature line dance presentation of fresh, made‐from‐scratch sides and breads. The company emphasizes an energetic dining experience, focusing on hospitality, value and a family‐friendly environment.

The concept was created in 1993 by founder Kent Taylor, who sought to combine high‐quality steaks with an approachable, community‐oriented atmosphere.