Texas Roadhouse (NASDAQ:TXRH) PT Raised to $145.00 at Morgan Stanley

Texas Roadhouse (NASDAQ:TXRH) had its target price increased by analysts at Morgan Stanley from $135.00 to $145.00 in a research report issued to clients and investors on Friday, Benzinga reports. The firm currently has an “equal weight” rating on the restaurant operator’s stock. Morgan Stanley’s price objective indicates a potential downside of 2.44% from the stock’s previous close.

Other equities research analysts have also issued research reports about the stock. Northcoast Research lowered shares of Texas Roadhouse from a “buy” rating to a “neutral” rating in a research note on Tuesday, February 20th. BMO Capital Markets lifted their target price on Texas Roadhouse from $110.00 to $130.00 and gave the company a “market perform” rating in a research note on Friday, February 16th. Wedbush increased their price target on Texas Roadhouse from $160.00 to $170.00 and gave the stock an “outperform” rating in a research note on Friday, April 5th. UBS Group lifted their price objective on shares of Texas Roadhouse from $145.00 to $155.00 and gave the company a “buy” rating in a research note on Friday, February 16th. Finally, Stephens began coverage on shares of Texas Roadhouse in a report on Friday. They issued an “equal weight” rating and a $150.00 price objective for the company. Eleven investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $136.05.

Texas Roadhouse Price Performance

Texas Roadhouse stock opened at $148.63 on Friday. Texas Roadhouse has a 12 month low of $91.06 and a 12 month high of $157.12. The company has a fifty day moving average price of $147.50 and a two-hundred day moving average price of $123.27. The company has a market cap of $9.93 billion, a PE ratio of 32.81, a P/E/G ratio of 1.64 and a beta of 0.99.

Texas Roadhouse (NASDAQ:TXRH) last posted its quarterly earnings results on Thursday, February 15th. The restaurant operator reported $1.08 EPS for the quarter, beating the consensus estimate of $1.07 by $0.01. The business had revenue of $1.16 billion during the quarter, compared to analyst estimates of $1.16 billion. Texas Roadhouse had a net margin of 6.58% and a return on equity of 27.43%. The company’s quarterly revenue was up 15.3% on a year-over-year basis. During the same period in the previous year, the business posted $0.89 EPS. Equities research analysts anticipate that Texas Roadhouse will post 5.73 earnings per share for the current year.

Insider Buying and Selling

In other Texas Roadhouse news, CEO Gerald L. Morgan sold 5,000 shares of the business’s stock in a transaction dated Thursday, February 29th. The stock was sold at an average price of $147.90, for a total transaction of $739,500.00. Following the sale, the chief executive officer now owns 92,847 shares in the company, valued at approximately $13,732,071.30. The transaction was disclosed in a filing with the SEC, which is available through this link. In other Texas Roadhouse news, President Regina A. Tobin sold 3,064 shares of the business’s stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $150.07, for a total transaction of $459,814.48. Following the sale, the president now directly owns 15,261 shares of the company’s stock, valued at approximately $2,290,218.27. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Gerald L. Morgan sold 5,000 shares of the firm’s stock in a transaction on Thursday, February 29th. The stock was sold at an average price of $147.90, for a total value of $739,500.00. Following the completion of the sale, the chief executive officer now directly owns 92,847 shares of the company’s stock, valued at approximately $13,732,071.30. The disclosure for this sale can be found here. Insiders have sold 12,382 shares of company stock worth $1,843,145 in the last three months. 0.50% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Texas Roadhouse

Several hedge funds have recently bought and sold shares of TXRH. BlackRock Inc. grew its stake in Texas Roadhouse by 1.5% during the 1st quarter. BlackRock Inc. now owns 8,506,175 shares of the restaurant operator’s stock valued at $919,177,000 after acquiring an additional 122,241 shares in the last quarter. Macquarie Group Ltd. boosted its holdings in shares of Texas Roadhouse by 8.9% during the second quarter. Macquarie Group Ltd. now owns 2,560,882 shares of the restaurant operator’s stock worth $187,457,000 after purchasing an additional 208,566 shares during the period. Bank of America Corp DE grew its position in Texas Roadhouse by 82.5% during the first quarter. Bank of America Corp DE now owns 2,359,514 shares of the restaurant operator’s stock valued at $254,969,000 after purchasing an additional 1,066,581 shares in the last quarter. State Street Corp increased its stake in Texas Roadhouse by 1.6% in the 1st quarter. State Street Corp now owns 2,203,949 shares of the restaurant operator’s stock valued at $238,159,000 after buying an additional 34,829 shares during the period. Finally, Wellington Management Group LLP lifted its position in Texas Roadhouse by 1.7% in the 3rd quarter. Wellington Management Group LLP now owns 1,807,430 shares of the restaurant operator’s stock worth $173,694,000 after buying an additional 29,506 shares in the last quarter. 94.82% of the stock is owned by hedge funds and other institutional investors.

About Texas Roadhouse

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.