Texas Roadhouse (NASDAQ:TXRH) Earns “Equal Weight” Rating from Stephens

Texas Roadhouse (NASDAQ:TXRH)‘s stock had its “equal weight” rating reiterated by analysts at Stephens in a research report issued to clients and investors on Tuesday,Benzinga reports. They presently have a $170.00 price target on the restaurant operator’s stock. Stephens’ target price indicates a potential downside of 9.50% from the company’s current price.

A number of other analysts have also recently weighed in on TXRH. JPMorgan Chase & Co. decreased their target price on shares of Texas Roadhouse from $185.00 to $184.00 and set a “neutral” rating on the stock in a research note on Thursday, March 20th. Truist Financial cut their price target on shares of Texas Roadhouse from $209.00 to $205.00 and set a “buy” rating on the stock in a report on Friday, February 21st. The Goldman Sachs Group lifted their price target on shares of Texas Roadhouse from $184.00 to $205.00 and gave the stock a “neutral” rating in a report on Wednesday, June 4th. Royal Bank of Canada cut their price target on shares of Texas Roadhouse from $200.00 to $180.00 and set a “sector perform” rating on the stock in a report on Friday, February 21st. Finally, Barclays cut their price target on shares of Texas Roadhouse from $179.00 to $175.00 and set an “equal weight” rating on the stock in a report on Friday, May 9th. Ten research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $191.71.

Texas Roadhouse Stock Performance

NASDAQ TXRH opened at $187.84 on Tuesday. The firm’s fifty day moving average price is $177.24 and its two-hundred day moving average price is $179.37. The stock has a market cap of $12.46 billion, a PE ratio of 29.03, a PEG ratio of 1.23 and a beta of 0.89. Texas Roadhouse has a fifty-two week low of $148.73 and a fifty-two week high of $206.04.

Texas Roadhouse (NASDAQ:TXRH) last posted its earnings results on Thursday, May 8th. The restaurant operator reported $1.70 earnings per share for the quarter, missing analysts’ consensus estimates of $1.75 by ($0.05). The company had revenue of $1.45 billion for the quarter, compared to the consensus estimate of $1.44 billion. Texas Roadhouse had a return on equity of 34.02% and a net margin of 8.07%. The business’s quarterly revenue was up 11.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.69 EPS. As a group, sell-side analysts predict that Texas Roadhouse will post 7.23 earnings per share for the current fiscal year.

Insider Buying and Selling at Texas Roadhouse

In other news, Director Gregory N. Moore sold 1,000 shares of the firm’s stock in a transaction on Monday, May 12th. The shares were sold at an average price of $187.62, for a total transaction of $187,620.00. Following the sale, the director now owns 38,050 shares in the company, valued at approximately $7,138,941. This trade represents a 2.56% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Donna E. Epps sold 800 shares of Texas Roadhouse stock in a transaction on Friday, May 23rd. The stock was sold at an average price of $186.52, for a total transaction of $149,216.00. Following the completion of the transaction, the director now owns 4,632 shares in the company, valued at approximately $863,960.64. The trade was a 14.73% decrease in their position. The disclosure for this sale can be found here. 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 TXRH. Brooklyn Investment Group boosted its stake in Texas Roadhouse by 478.6% during the first quarter. Brooklyn Investment Group now owns 162 shares of the restaurant operator’s stock worth $27,000 after acquiring an additional 134 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. purchased a new position in Texas Roadhouse in the fourth quarter worth about $30,000. Bogart Wealth LLC purchased a new position in Texas Roadhouse in the first quarter worth about $33,000. Coppell Advisory Solutions LLC raised its holdings in Texas Roadhouse by 56.8% in 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 during the last quarter. Finally, SBI Securities Co. Ltd. purchased a new position in Texas Roadhouse in the fourth quarter worth about $36,000. 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.