Texas Roadhouse’s (TXRH) Outperform Rating Reaffirmed at Wedbush

Texas Roadhouse (NASDAQ:TXRH)‘s stock had its “outperform” rating reaffirmed by equities research analysts at Wedbush in a research note issued on Thursday,Benzinga reports. They currently have a $200.00 target price on the restaurant operator’s stock. Wedbush’s price target would indicate a potential upside of 11.76% from the stock’s current price.

Several other equities research analysts have also commented on the stock. Royal Bank of Canada increased their price objective on shares of Texas Roadhouse from $175.00 to $185.00 and gave the company a “sector perform” rating in a research note on Friday, October 25th. UBS Group lifted their price target on Texas Roadhouse from $200.00 to $210.00 and gave the stock a “buy” rating in a report on Friday, October 25th. The Goldman Sachs Group began coverage on Texas Roadhouse in a research note on Thursday, December 5th. They issued a “neutral” rating and a $213.00 price objective for the company. Robert W. Baird boosted their price target on shares of Texas Roadhouse from $190.00 to $205.00 and gave the stock an “outperform” rating in a report on Friday, October 25th. Finally, Stifel Nicolaus raised their price objective on shares of Texas Roadhouse from $180.00 to $195.00 and gave the stock a “hold” rating in a report on Friday, October 25th. Thirteen analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $190.09.

Texas Roadhouse Stock Performance

Shares of TXRH opened at $178.95 on Thursday. Texas Roadhouse has a 52 week low of $115.48 and a 52 week high of $206.04. The stock has a 50 day moving average price of $191.18 and a two-hundred day moving average price of $177.20. The firm has a market capitalization of $11.94 billion, a P/E ratio of 30.75, a P/E/G ratio of 1.59 and a beta of 0.98.

Texas Roadhouse (NASDAQ:TXRH) last released its quarterly earnings results on Thursday, October 24th. The restaurant operator reported $1.26 EPS for the quarter, missing analysts’ consensus estimates of $1.32 by ($0.06). The company had revenue of $1.27 billion during the quarter, compared to analysts’ expectations of $1.27 billion. Texas Roadhouse had a net margin of 7.65% and a return on equity of 31.33%. The company’s quarterly revenue was up 13.5% compared to the same quarter last year. During the same period in the previous year, the company posted $0.95 earnings per share. On average, equities analysts forecast that Texas Roadhouse will post 6.39 earnings per share for the current year.

Insider Activity at Texas Roadhouse

In other Texas Roadhouse news, CTO Hernan E. Mujica sold 1,500 shares of the business’s stock in a transaction on Thursday, November 14th. The shares were sold at an average price of $202.26, for a total value of $303,390.00. Following the completion of the sale, the chief technology officer now directly owns 16,342 shares of the company’s stock, valued at $3,305,332.92. The trade was a 8.41 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Donna E. Epps sold 610 shares of the firm’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $195.66, for a total value of $119,352.60. Following the transaction, the director now directly owns 3,532 shares in the company, valued at $691,071.12. This trade represents a 14.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.50% of the stock is currently owned by insiders.

Institutional Trading of Texas Roadhouse

A number of institutional investors have recently made changes to their positions in the stock. Lord Abbett & CO. LLC raised its holdings in Texas Roadhouse by 5.8% during the 3rd quarter. Lord Abbett & CO. LLC now owns 160,253 shares of the restaurant operator’s stock valued at $28,301,000 after buying an additional 8,724 shares during the last quarter. B. Riley Wealth Advisors Inc. purchased a new position in shares of Texas Roadhouse in the third quarter valued at about $245,000. Franklin Resources Inc. raised its stake in shares of Texas Roadhouse by 76.0% during the third quarter. Franklin Resources Inc. now owns 893,925 shares of the restaurant operator’s stock valued at $157,375,000 after acquiring an additional 385,998 shares during the last quarter. Synovus Financial Corp boosted its holdings in shares of Texas Roadhouse by 4.8% during the third quarter. Synovus Financial Corp now owns 6,711 shares of the restaurant operator’s stock worth $1,185,000 after purchasing an additional 305 shares during the period. Finally, Wilmington Savings Fund Society FSB bought a new stake in shares of Texas Roadhouse in the third quarter worth about $1,282,000. Hedge funds and other 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.