Texas Roadhouse (NASDAQ:TXRH) Given New $200.00 Price Target at UBS Group

Texas Roadhouse (NASDAQ:TXRH) had its price target cut by analysts at UBS Group from $210.00 to $200.00 in a research report issued to clients and investors on Monday,Benzinga reports. The firm presently has a “buy” rating on the restaurant operator’s stock. UBS Group’s price objective suggests a potential upside of 16.79% from the stock’s previous close.

Several other research analysts have also issued reports on TXRH. Stifel Nicolaus reduced their target price on Texas Roadhouse from $172.00 to $170.00 and set a “hold” rating on the stock in a research report on Tuesday, April 15th. Guggenheim dropped their price objective on shares of Texas Roadhouse from $205.00 to $200.00 and set a “buy” rating on the stock in a report on Thursday, February 27th. Barclays increased their price objective on Texas Roadhouse from $178.00 to $179.00 and gave the company an “equal weight” rating in a report on Tuesday, April 22nd. Royal Bank of Canada decreased their target price on Texas Roadhouse from $200.00 to $180.00 and set a “sector perform” rating for the company in a report on Friday, February 21st. Finally, Robert W. Baird set a $180.00 price target on shares of Texas Roadhouse and gave the stock an “outperform” rating in a research report on Monday, April 7th. Ten analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $191.81.

Texas Roadhouse Price Performance

TXRH opened at $171.25 on Monday. The firm has a market capitalization of $11.38 billion, a PE ratio of 26.47, a price-to-earnings-growth ratio of 1.23 and a beta of 0.87. The business’s 50-day moving average is $168.76 and its two-hundred day moving average is $179.51. Texas Roadhouse has a 1 year low of $148.73 and a 1 year high of $206.04.

Texas Roadhouse (NASDAQ:TXRH) last issued its quarterly earnings data on Thursday, February 20th. The restaurant operator reported $1.73 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.66 by $0.07. The firm had revenue of $1.44 billion for the quarter, compared to the consensus estimate of $1.41 billion. Texas Roadhouse had a net margin of 8.07% and a return on equity of 34.02%. As a group, sell-side analysts expect that Texas Roadhouse will post 7.23 EPS for the current year.

Insider Buying and Selling at Texas Roadhouse

In other news, Director Gregory N. Moore sold 2,700 shares of Texas Roadhouse stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $168.26, for a total value of $454,302.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, President Regina A. Tobin sold 3,154 shares of the stock in a transaction on Wednesday, March 5th. The shares were sold at an average price of $185.64, for a total value of $585,508.56. Following the completion of the transaction, the president now directly owns 18,414 shares of the company’s stock, valued at approximately $3,418,374.96. This represents a 14.62 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 16,535 shares of company stock valued at $2,952,507 over the last ninety days. Corporate insiders own 0.50% of the company’s stock.

Institutional Investors Weigh In On Texas Roadhouse

A number of large investors have recently modified their holdings of the business. Mirae Asset Global Investments Co. Ltd. acquired a new stake in Texas Roadhouse in the 4th quarter valued at about $30,000. Bogart Wealth LLC acquired a new stake in shares of Texas Roadhouse in the first quarter valued at approximately $33,000. Coppell Advisory Solutions LLC lifted its position in Texas Roadhouse by 56.8% during the fourth quarter. Coppell Advisory Solutions LLC now owns 196 shares of the restaurant operator’s stock worth $35,000 after buying an additional 71 shares in the last quarter. SBI Securities Co. Ltd. acquired a new position in Texas Roadhouse during the fourth quarter worth $36,000. Finally, MassMutual Private Wealth & Trust FSB grew its holdings in Texas Roadhouse by 32.2% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 267 shares of the restaurant operator’s stock valued at $48,000 after buying an additional 65 shares in the last quarter. Hedge funds and other 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.