Texas Roadhouse, Inc. (NASDAQ:TXRH) Given Consensus Recommendation of “Moderate Buy” by Analysts

Shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) have received an average rating of “Moderate Buy” from the twenty-three research firms that are presently covering the firm, MarketBeat Ratings reports. Eleven investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $196.5714.

A number of research analysts have recently commented on TXRH shares. The Goldman Sachs Group increased their target price on shares of Texas Roadhouse from $175.00 to $200.00 and gave the stock a “neutral” rating in a report on Wednesday, January 28th. Citigroup increased their price objective on shares of Texas Roadhouse from $175.00 to $190.00 and gave the company a “neutral” rating in a research note on Monday, February 9th. Zacks Research raised shares of Texas Roadhouse from a “strong sell” rating to a “hold” rating in a research note on Thursday, January 8th. Wells Fargo & Company upped their price target on shares of Texas Roadhouse from $195.00 to $220.00 and gave the stock an “overweight” rating in a report on Thursday, January 22nd. Finally, Truist Financial set a $188.00 price target on Texas Roadhouse and gave the company a “hold” rating in a research note on Tuesday, February 10th.

Texas Roadhouse Stock Down 0.6%

Shares of TXRH stock opened at $180.90 on Tuesday. Texas Roadhouse has a twelve month low of $148.73 and a twelve month high of $199.99. The business has a fifty day simple moving average of $179.44 and a 200 day simple moving average of $173.40. The company has a market cap of $11.97 billion, a P/E ratio of 27.66, a P/E/G ratio of 2.95 and a beta of 0.88.

Insider Activity

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

Institutional Trading of Texas Roadhouse

Institutional investors have recently modified their holdings of the business. Elyxium Wealth LLC bought a new position in Texas Roadhouse during the 4th quarter worth $25,000. Caldwell Trust Co acquired a new stake in shares of Texas Roadhouse in the second quarter valued at about $28,000. Princeton Global Asset Management LLC acquired a new stake in shares of Texas Roadhouse in the fourth quarter valued at about $31,000. Measured Wealth Private Client Group LLC bought a new position in shares of Texas Roadhouse during the third quarter worth about $33,000. Finally, Root Financial Partners LLC acquired a new position in shares of Texas Roadhouse in the third quarter worth approximately $36,000. 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.