Mizuho Raises Texas Roadhouse (NASDAQ:TXRH) Price Target to $200.00

Texas Roadhouse (NASDAQ:TXRH) had its target price upped by equities researchers at Mizuho from $190.00 to $200.00 in a research note issued on Thursday, Marketbeat.com reports. The brokerage currently has an “outperform” rating on the restaurant operator’s stock. Mizuho’s price target points to a potential upside of 10.56% from the company’s previous close.

A number of other equities analysts have also recently weighed in on the stock. Morgan Stanley upped their price objective on shares of Texas Roadhouse from $205.00 to $208.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 20th. Citigroup upped their price target on shares of Texas Roadhouse from $175.00 to $190.00 and gave the stock a “neutral” rating in a research report on Monday. BMO Capital Markets raised their price target on shares of Texas Roadhouse from $155.00 to $170.00 and gave the company a “market perform” rating in a research note on Tuesday, January 6th. Wall Street Zen cut Texas Roadhouse from a “hold” rating to a “sell” rating in a report on Saturday, January 3rd. Finally, UBS Group reiterated a “buy” rating on shares of Texas Roadhouse in a research note on Monday, November 10th. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and eleven have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $196.57.

Texas Roadhouse Trading Down 0.6%

NASDAQ TXRH opened at $180.90 on Thursday. The stock has a market capitalization of $11.97 billion, a price-to-earnings ratio of 27.66, a PEG ratio of 2.97 and a beta of 0.88. The stock has a 50-day moving average of $179.13 and a 200 day moving average of $173.60. Texas Roadhouse has a twelve month low of $148.73 and a twelve month high of $199.99.

Insider Buying and Selling

In other Texas Roadhouse news, Director Gregory N. Moore sold 1,400 shares of the firm’s stock in a transaction on Wednesday, December 3rd. The stock was sold at an average price of $170.00, for a total value of $238,000.00. Following the completion of the sale, the director directly owned 32,150 shares of the company’s stock, valued at $5,465,500. This trade represents a 4.17% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Gerald L. Morgan sold 5,000 shares of Texas Roadhouse stock in a transaction on Tuesday, January 20th. The stock was sold at an average price of $196.00, for a total value of $980,000.00. Following the transaction, the chief executive officer owned 91,774 shares in the company, valued at approximately $17,987,704. This represents a 5.17% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 12,400 shares of company stock worth $2,320,920. 0.50% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Texas Roadhouse

A number of hedge funds have recently modified their holdings of TXRH. NewEdge Advisors LLC raised its stake in Texas Roadhouse by 12.0% during the first quarter. NewEdge Advisors LLC now owns 2,423 shares of the restaurant operator’s stock worth $404,000 after purchasing an additional 259 shares during the period. Focus Partners Wealth increased its holdings in shares of Texas Roadhouse by 23.3% during the 1st quarter. Focus Partners Wealth now owns 6,124 shares of the restaurant operator’s stock worth $1,020,000 after buying an additional 1,157 shares during the last quarter. Geneos Wealth Management Inc. raised its position in shares of Texas Roadhouse by 36.0% during the 1st quarter. Geneos Wealth Management Inc. now owns 419 shares of the restaurant operator’s stock valued at $70,000 after buying an additional 111 shares during the period. Sivia Capital Partners LLC purchased a new stake in shares of Texas Roadhouse during the 2nd quarter valued at approximately $657,000. Finally, Sequoia Financial Advisors LLC acquired a new position in Texas Roadhouse in the second quarter valued at approximately $501,000. Hedge funds and other institutional investors own 94.82% of the company’s stock.

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.