Stifel Nicolaus Boosts Texas Roadhouse (NASDAQ:TXRH) Price Target to $175.00

Texas Roadhouse (NASDAQ:TXRH - Get Free Report) had its target price upped by equities researchers at Stifel Nicolaus from $155.00 to $175.00 in a research note issued on Monday, Benzinga reports. The firm presently has a "hold" rating on the restaurant operator's stock. Stifel Nicolaus' target price suggests a potential upside of 4.33% from the company's current price.

Other research analysts have also issued reports about the stock. BMO Capital Markets raised their price target on shares of Texas Roadhouse from $130.00 to $145.00 and gave the company a "market perform" rating in a research note on Friday. Citigroup raised their target price on shares of Texas Roadhouse from $178.00 to $183.00 and gave the stock a "buy" rating in a research note on Friday. JPMorgan Chase & Co. raised their target price on shares of Texas Roadhouse from $142.00 to $145.00 and gave the stock a "neutral" rating in a research note on Tuesday, March 19th. Piper Sandler raised their target price on shares of Texas Roadhouse from $110.00 to $136.00 and gave the stock a "neutral" rating in a research note on Tuesday, February 20th. Finally, Truist Financial raised their target price on shares of Texas Roadhouse from $170.00 to $181.00 and gave the stock a "buy" rating in a research note on Friday. Thirteen analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $155.55.

Texas Roadhouse Price Performance

Texas Roadhouse stock traded up $4.13 during midday trading on Monday, reaching $167.74. The company had a trading volume of 1,040,493 shares, compared to its average volume of 823,904. The company has a market capitalization of $11.21 billion, a P/E ratio of 33.94, a P/E/G ratio of 1.73 and a beta of 1.00. Texas Roadhouse has a 12-month low of $91.06 and a 12-month high of $170.39. The firm's fifty day simple moving average is $152.50 and its 200-day simple moving average is $130.02.

Texas Roadhouse (NASDAQ:TXRH - Get Free Report) last issued its quarterly earnings results on Thursday, May 2nd. The restaurant operator reported $1.69 earnings per share for the quarter, beating analysts' consensus estimates of $1.65 by $0.04. The firm had revenue of $1.32 billion for the quarter, compared to analyst estimates of $1.32 billion. Texas Roadhouse had a net margin of 6.94% and a return on equity of 28.85%. Texas Roadhouse's quarterly revenue was up 12.5% compared to the same quarter last year. During the same period last year, the company posted $1.28 EPS. On average, analysts expect that Texas Roadhouse will post 5.9 EPS for the current fiscal year.

Insiders Place Their Bets

In other Texas Roadhouse news, Director Donna E. Epps sold 670 shares of the business's stock in a transaction on Thursday, March 7th. The shares were sold at an average price of $149.97, for a total value of $100,479.90. Following the completion of the transaction, the director now owns 4,142 shares in the company, valued at $621,175.74. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other Texas Roadhouse news, Director Donna E. Epps sold 670 shares of the business's stock in a transaction on Thursday, March 7th. The shares were sold at an average price of $149.97, for a total value of $100,479.90. Following the completion of the transaction, the director now owns 4,142 shares in the company, valued at $621,175.74. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Curtis Warfield sold 2,365 shares of Texas Roadhouse 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 sale, the director now directly owns 13,397 shares of the company's stock, valued at $1,991,865.96. The disclosure for this sale can be found here. Insiders sold a total of 12,382 shares of company stock worth $1,843,145 over the last 90 days. Corporate insiders own 0.50% of the company's stock.

Institutional Investors Weigh In On Texas Roadhouse

Several institutional investors have recently modified their holdings of the company. Comerica Bank acquired a new position in Texas Roadhouse in the third quarter valued at $10,585,000. Bamco Inc. NY boosted its stake in Texas Roadhouse by 16.9% in the third quarter. Bamco Inc. NY now owns 296,213 shares of the restaurant operator's stock valued at $28,466,000 after acquiring an additional 42,755 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in Texas Roadhouse by 1.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 754,658 shares of the restaurant operator's stock valued at $72,523,000 after acquiring an additional 8,219 shares in the last quarter. Assenagon Asset Management S.A. acquired a new position in Texas Roadhouse in the third quarter valued at $8,748,000. Finally, Boston Trust Walden Corp boosted its stake in Texas Roadhouse by 12.9% in the fourth quarter. Boston Trust Walden Corp now owns 777,202 shares of the restaurant operator's stock valued at $94,997,000 after acquiring an additional 89,019 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.