Texas Roadhouse (NASDAQ:TXRH) had its price objective hoisted by JPMorgan Chase & Co. from $99.00 to $102.00 in a report issued on Friday, The Fly reports. The brokerage presently has an "overweight" rating on the restaurant operator's stock. JPMorgan Chase & Co.'s price objective would suggest a potential downside of 1.28% from the stock's current price.
TXRH has been the topic of a number of other research reports. TheStreet upgraded shares of Texas Roadhouse from a "c" rating to a "b" rating in a research note on Thursday, April 29th. Telsey Advisory Group raised their price target on shares of Texas Roadhouse from $102.00 to $116.00 and gave the stock a "market perform" rating in a research note on Thursday. Deutsche Bank Aktiengesellschaft lifted their price objective on Texas Roadhouse from $102.00 to $116.00 and gave the company a "hold" rating in a report on Monday. Truist increased their target price on Texas Roadhouse from $100.00 to $1,240.00 in a report on Friday, April 30th. Finally, Loop Capital boosted their price target on Texas Roadhouse from $72.00 to $90.00 and gave the company a "hold" rating in a research note on Monday, February 22nd. Fourteen analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the company. The stock has a consensus rating of "Hold" and a consensus price target of $147.35.
NASDAQ TXRH opened at $103.32 on Friday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.96 and a current ratio of 1.01. The firm has a 50-day simple moving average of $98.71 and a 200 day simple moving average of $85.08. Texas Roadhouse has a twelve month low of $41.68 and a twelve month high of $110.75. The stock has a market cap of $7.19 billion, a PE ratio of 132.46, a PEG ratio of 3.10 and a beta of 1.00.
Texas Roadhouse (NASDAQ:TXRH) last announced its quarterly earnings data on Thursday, April 29th. The restaurant operator reported $0.91 EPS for the quarter, topping the Zacks' consensus estimate of $0.59 by $0.32. Texas Roadhouse had a return on equity of 5.97% and a net margin of 2.19%. Research analysts forecast that Texas Roadhouse will post 0.68 earnings per share for the current fiscal year.
In other Texas Roadhouse news, CMO S. Chris Jacobsen sold 4,300 shares of the company's stock in a transaction that occurred on Friday, April 30th. The stock was sold at an average price of $106.04, for a total transaction of $455,972.00. Following the completion of the transaction, the chief marketing officer now owns 13,481 shares of the company's stock, valued at approximately $1,429,525.24. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Wayne Kent Taylor sold 70,000 shares of the firm's stock in a transaction that occurred on Monday, March 15th. The stock was sold at an average price of $98.40, for a total transaction of $6,888,000.00. Following the transaction, the chief executive officer now directly owns 3,036,295 shares of the company's stock, valued at $298,771,428. The disclosure for this sale can be found here. In the last quarter, insiders have sold 110,871 shares of company stock valued at $10,629,869. Corporate insiders own 6.16% of the company's stock.
A number of large investors have recently modified their holdings of the business. JJJ Advisors Inc. grew its holdings in shares of Texas Roadhouse by 37.8% in the 1st quarter. JJJ Advisors Inc. now owns 405 shares of the restaurant operator's stock valued at $39,000 after acquiring an additional 111 shares in the last quarter. Exane Derivatives acquired a new stake in Texas Roadhouse in the first quarter valued at $46,000. Endurance Wealth Management Inc. acquired a new stake in Texas Roadhouse in the fourth quarter valued at $55,000. James Investment Research Inc. bought a new position in shares of Texas Roadhouse in the 4th quarter valued at about $70,000. Finally, Montag A & Associates Inc. acquired a new position in shares of Texas Roadhouse during the 4th quarter worth about $94,000. 91.73% of the stock is currently owned by hedge funds and other institutional investors.
Texas Roadhouse Company Profile
Texas Roadhouse, Inc, together with its subsidiaries, operates casual dining restaurants in the United States and internationally. The company operates and franchises Texas Roadhouse and Bubba's 33 restaurants. As of December 29, 2020, it operated 537 domestic restaurants and 97 franchise restaurants.
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