Stephens Issues Positive Forecast for Texas Roadhouse (NASDAQ:TXRH) Stock Price

Texas Roadhouse (NASDAQ:TXRH) had its price objective lifted by Stephens from $180.00 to $205.00 in a report released on Friday,Benzinga reports. The brokerage currently has an “equal weight” rating on the restaurant operator’s stock. Stephens’ target price would suggest a potential downside of 1.52% from the stock’s previous close.

Several other research analysts have also recently commented on TXRH. Wells Fargo & Company increased their price target on Texas Roadhouse from $200.00 to $220.00 and gave the company an “overweight” rating in a research report on Thursday, July 16th. UBS Group raised their target price on shares of Texas Roadhouse from $210.00 to $235.00 and gave the company a “buy” rating in a research note on Monday. Stifel Nicolaus boosted their price target on Texas Roadhouse from $170.00 to $180.00 and gave the stock a “hold” rating in a research report on Tuesday, May 12th. Weiss Ratings restated a “buy (b-)” rating on shares of Texas Roadhouse in a research note on Friday, May 29th. Finally, Barclays reduced their target price on Texas Roadhouse from $188.00 to $175.00 and set an “equal weight” rating for the company in a research note on Friday, May 8th. Ten research analysts have rated the stock with a Buy rating and thirteen have assigned a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $202.30.

Texas Roadhouse Price Performance

TXRH opened at $208.17 on Friday. Texas Roadhouse has a 12 month low of $153.82 and a 12 month high of $213.26. The company has a quick ratio of 0.40, a current ratio of 0.46 and a debt-to-equity ratio of 0.03. The stock has a market cap of $13.68 billion, a P/E ratio of 33.25, a P/E/G ratio of 2.31 and a beta of 0.79. The company has a fifty day simple moving average of $186.99 and a 200 day simple moving average of $178.70.

Texas Roadhouse (NASDAQ:TXRH) last announced its earnings results on Thursday, August 6th. The restaurant operator reported $1.85 EPS for the quarter, topping the consensus estimate of $1.83 by $0.02. The firm had revenue of $1.68 billion for the quarter, compared to the consensus estimate of $1.67 billion. Texas Roadhouse had a net margin of 6.85% and a return on equity of 27.86%. The business’s quarterly revenue was up 11.1% on a year-over-year basis. During the same period last year, the company posted $1.86 EPS. On average, research analysts expect that Texas Roadhouse will post 6.45 EPS for the current year.

Insiders Place Their Bets

In other Texas Roadhouse news, insider Christopher C. Colson sold 499 shares of Texas Roadhouse stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $179.22, for a total value of $89,430.78. Following the completion of the sale, the insider owned 14,500 shares in the company, valued at $2,598,690. The trade was a 3.33% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Gregory N. Moore sold 1,250 shares of the business’s stock in a transaction dated Monday, May 11th. The shares were sold at an average price of $178.14, for a total transaction of $222,675.00. Following the completion of the sale, the director directly owned 30,900 shares of the company’s stock, valued at $5,504,526. This represents a 3.89% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 6,154 shares of company stock valued at $1,115,864 in the last three months. Insiders own 0.50% of the company’s stock.

Institutional Investors Weigh In On Texas Roadhouse

A number of hedge funds and other institutional investors have recently made changes to their positions in TXRH. Stephens Investment Management Group LLC increased its position in shares of Texas Roadhouse by 98.2% during the fourth quarter. Stephens Investment Management Group LLC now owns 370,225 shares of the restaurant operator’s stock worth $61,457,000 after buying an additional 183,422 shares during the period. Jefferies Financial Group Inc. bought a new stake in shares of Texas Roadhouse in the 4th quarter valued at $977,000. Amica Mutual Insurance Co. acquired a new stake in Texas Roadhouse in the fourth quarter worth $989,000. Geode Capital Management LLC boosted its position in shares of Texas Roadhouse by 1.9% during the 4th quarter. Geode Capital Management LLC now owns 1,367,120 shares of the restaurant operator’s stock worth $226,984,000 after purchasing an additional 24,834 shares in the last quarter. Finally, MUFG Securities EMEA plc acquired a new position in Texas Roadhouse during the 4th quarter worth approximately $29,714,000. 94.82% of the stock is currently owned by institutional investors and hedge funds.

About Texas Roadhouse

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.