Texas Roadhouse (NASDAQ:TXRH) Price Target Raised to $145.00

Texas Roadhouse (NASDAQ:TXRH) had its price target raised by equities research analysts at BMO Capital Markets from $130.00 to $145.00 in a research note issued to investors on Friday, Benzinga reports. The brokerage presently has a “market perform” rating on the restaurant operator’s stock. BMO Capital Markets’ target price would suggest a potential downside of 11.37% from the stock’s previous close.

A number of other research analysts have also recently issued reports on TXRH. Evercore ISI lifted their target price on Texas Roadhouse from $160.00 to $175.00 and gave the company an “outperform” rating in a research report on Friday. Jefferies Financial Group lifted their target price on Texas Roadhouse from $120.00 to $136.00 and gave the company a “hold” rating in a research report on Tuesday, April 16th. Benchmark started coverage on Texas Roadhouse in a research report on Wednesday, April 10th. They issued a “hold” rating on the stock. JPMorgan Chase & Co. lifted their price target on Texas Roadhouse from $142.00 to $145.00 and gave the company a “neutral” rating in a research note on Tuesday, March 19th. Finally, Wedbush lifted their price target on Texas Roadhouse from $170.00 to $180.00 and gave the company an “outperform” rating in a research note on Friday. Twelve investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $151.30.

Texas Roadhouse Stock Performance

Shares of NASDAQ TXRH traded up $5.71 during mid-day trading on Friday, reaching $163.61. The company had a trading volume of 1,640,835 shares, compared to its average volume of 821,386. Texas Roadhouse has a one year low of $91.06 and a one year high of $170.39. The firm has a market cap of $10.93 billion, a price-to-earnings ratio of 36.12, a PEG ratio of 1.70 and a beta of 1.00. The business’s 50-day simple moving average is $152.50 and its 200 day simple moving average is $129.54.

Texas Roadhouse (NASDAQ:TXRH) last released its earnings results on Thursday, May 2nd. The restaurant operator reported $1.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.65 by $0.04. Texas Roadhouse had a return on equity of 27.43% and a net margin of 6.58%. The firm had revenue of $1.32 billion for the quarter, compared to analysts’ expectations of $1.32 billion. During the same quarter in the previous year, the business posted $1.28 earnings per share. The business’s revenue for the quarter was up 12.5% on a year-over-year basis. On average, sell-side analysts anticipate that Texas Roadhouse will post 5.77 EPS for the current year.

Insider Buying and Selling at Texas Roadhouse

In other news, Director Curtis Warfield sold 2,365 shares of the business’s stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $148.68, for a total transaction of $351,628.20. Following the completion of the sale, the director now owns 13,397 shares in the company, valued at $1,991,865.96. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In related news, Director Curtis Warfield sold 2,365 shares of the company’s stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $148.68, for a total transaction of $351,628.20. Following the completion of the sale, the director now owns 13,397 shares in the company, valued at $1,991,865.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Christopher C. Colson sold 405 shares of the company’s stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $149.05, for a total value of $60,365.25. Following the sale, the insider now owns 8,500 shares of the company’s stock, valued at approximately $1,266,925. The disclosure for this sale can be found here. Over the last three months, insiders have sold 12,382 shares of company stock valued at $1,843,145. 0.50% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Texas Roadhouse

Institutional investors have recently bought and sold shares of the stock. Red Spruce Capital LLC boosted its position in Texas Roadhouse by 0.5% in the fourth quarter. Red Spruce Capital LLC now owns 22,359 shares of the restaurant operator’s stock worth $2,733,000 after purchasing an additional 110 shares during the last quarter. Avior Wealth Management LLC boosted its position in Texas Roadhouse by 3.2% in the fourth quarter. Avior Wealth Management LLC now owns 3,579 shares of the restaurant operator’s stock worth $437,000 after purchasing an additional 111 shares during the last quarter. Fifth Third Bancorp boosted its position in Texas Roadhouse by 35.8% in the third quarter. Fifth Third Bancorp now owns 474 shares of the restaurant operator’s stock worth $46,000 after purchasing an additional 125 shares during the last quarter. Prospector Partners LLC boosted its position in Texas Roadhouse by 0.4% in the third quarter. Prospector Partners LLC now owns 34,575 shares of the restaurant operator’s stock worth $3,323,000 after purchasing an additional 150 shares during the last quarter. Finally, Treasurer of the State of North Carolina boosted its position in Texas Roadhouse by 0.5% in the third quarter. Treasurer of the State of North Carolina now owns 29,360 shares of the restaurant operator’s stock worth $2,821,000 after purchasing an additional 150 shares during the last quarter. Institutional investors own 94.82% of the company’s stock.

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.