Melius Begins Coverage on Texas Roadhouse (NASDAQ:TXRH)

Research analysts at Melius began coverage on shares of Texas Roadhouse (NASDAQ:TXRH - Get Free Report) in a note issued to investors on Monday,Briefing.com Automated Import reports. The brokerage set a "buy" rating and a $235.00 price target on the restaurant operator's stock. Melius' price target would suggest a potential upside of 23.77% from the company's previous close.

A number of other analysts also recently issued reports on the stock. Barclays dropped their price target on shares of Texas Roadhouse from $179.00 to $175.00 and set an "equal weight" rating on the stock in a report on Friday, May 9th. Stifel Nicolaus lowered their price objective on shares of Texas Roadhouse from $172.00 to $170.00 and set a "hold" rating on the stock in a research note on Tuesday, April 15th. Guggenheim increased their price objective on shares of Texas Roadhouse from $200.00 to $210.00 and gave the stock a "buy" rating in a research note on Friday. Wedbush lifted their price objective on shares of Texas Roadhouse from $200.00 to $210.00 and gave the company an "outperform" rating in a research report on Friday, March 28th. Finally, UBS Group lifted their price objective on shares of Texas Roadhouse from $200.00 to $220.00 and gave the company a "buy" rating in a research report on Friday, June 6th. Ten analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $194.45.

Texas Roadhouse Stock Performance

Shares of TXRH opened at $189.86 on Monday. The firm has a market cap of $12.60 billion, a price-to-earnings ratio of 29.30, a PEG ratio of 2.52 and a beta of 0.87. Texas Roadhouse has a fifty-two week low of $148.73 and a fifty-two week high of $206.04. The firm has a 50 day moving average price of $188.81 and a 200-day moving average price of $178.68.

Texas Roadhouse (NASDAQ:TXRH - Get Free Report) last issued its earnings results on Thursday, May 8th. The restaurant operator reported $1.70 EPS for the quarter, missing the consensus estimate of $1.75 by ($0.05). The firm had revenue of $1.45 billion during the quarter, compared to analysts' expectations of $1.44 billion. Texas Roadhouse had a return on equity of 32.33% and a net margin of 7.89%. The firm's quarterly revenue was up 11.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.69 earnings per share. As a group, equities research analysts predict that Texas Roadhouse will post 7.23 earnings per share for the current year.

Insider Activity at Texas Roadhouse

In related news, Director Gregory N. Moore sold 1,000 shares of the firm's stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $187.62, for a total transaction of $187,620.00. Following the sale, the director directly owned 38,050 shares in the company, valued at approximately $7,138,941. This trade represents a 2.56% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Donna E. Epps sold 800 shares of the firm's stock in a transaction dated Friday, May 23rd. The shares were sold at an average price of $186.52, for a total value of $149,216.00. Following the sale, the director owned 4,632 shares in the company, valued at approximately $863,960.64. The trade was 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 corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Brooklyn Investment Group raised its position in Texas Roadhouse by 478.6% during the first quarter. Brooklyn Investment Group now owns 162 shares of the restaurant operator's stock valued at $27,000 after buying an additional 134 shares during the period. Bogart Wealth LLC bought a new position in shares of Texas Roadhouse during the 1st quarter worth approximately $33,000. Coppell Advisory Solutions LLC lifted its position in shares of Texas Roadhouse by 56.8% during the 4th quarter. Coppell Advisory Solutions LLC now owns 196 shares of the restaurant operator's stock worth $35,000 after buying an additional 71 shares during the period. WPG Advisers LLC bought a new position in Texas Roadhouse in the 1st quarter valued at $59,000. Finally, Farther Finance Advisors LLC raised its position in Texas Roadhouse by 22.8% in the 2nd quarter. Farther Finance Advisors LLC now owns 312 shares of the restaurant operator's stock valued at $59,000 after purchasing an additional 58 shares during the last quarter. Institutional investors and hedge funds 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.

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