Texas Roadhouse (NASDAQ:TXRH) Now Covered by Benchmark

Research analysts at Benchmark started coverage on shares of Texas Roadhouse (NASDAQ:TXRH - Get Free Report) in a research note issued to investors on Wednesday, Marketbeat reports. The firm set a "hold" rating on the restaurant operator's stock.

Several other research firms have also commented on TXRH. Wedbush upped their price target on shares of Texas Roadhouse from $160.00 to $170.00 and gave the company an "outperform" rating in a report on Friday, April 5th. Piper Sandler raised their target price on Texas Roadhouse from $110.00 to $136.00 and gave the stock a "neutral" rating in a report on Tuesday, February 20th. BMO Capital Markets lifted their price target on Texas Roadhouse from $110.00 to $130.00 and gave the company a "market perform" rating in a research report on Friday, February 16th. Wells Fargo & Company upped their price objective on Texas Roadhouse from $125.00 to $140.00 and gave the stock an "equal weight" rating in a research report on Friday, February 16th. Finally, Stephens lifted their target price on shares of Texas Roadhouse from $105.00 to $135.00 and gave the company an "equal weight" rating in a report on Friday, February 16th. Eleven equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $133.55.

Texas Roadhouse Price Performance

Texas Roadhouse stock traded up $0.15 during trading hours on Wednesday, hitting $149.41. 827,075 shares of the stock traded hands, compared to its average volume of 799,026. Texas Roadhouse has a 1 year low of $91.06 and a 1 year high of $157.12. The firm's 50 day moving average price is $146.26 and its 200-day moving average price is $122.53. The stock has a market capitalization of $9.99 billion, a price-to-earnings ratio of 32.98, a P/E/G ratio of 1.66 and a beta of 0.99.

Texas Roadhouse (NASDAQ:TXRH - Get Free Report) last announced its quarterly earnings data on Thursday, February 15th. The restaurant operator reported $1.08 EPS for the quarter, beating the consensus estimate of $1.07 by $0.01. The business had revenue of $1.16 billion during the quarter, compared to analysts' expectations of $1.16 billion. Texas Roadhouse had a net margin of 6.58% and a return on equity of 27.43%. The business's quarterly revenue was up 15.3% compared to the same quarter last year. During the same period in the previous year, the business posted $0.89 EPS. Research analysts forecast that Texas Roadhouse will post 5.71 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Texas Roadhouse news, insider Christopher C. Colson sold 405 shares of the firm'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 transaction, the insider now owns 8,500 shares in the company, valued at approximately $1,266,925. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 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 transaction, the director now directly owns 13,397 shares in the company, valued at approximately $1,991,865.96. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Christopher C. Colson sold 405 shares of the company's stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $149.05, for a total value of $60,365.25. Following the completion of the sale, the insider now owns 8,500 shares of the company's stock, valued at $1,266,925. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 12,382 shares of company stock worth $1,843,145. 0.50% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Texas Roadhouse

A number of institutional investors have recently added to or reduced their stakes in TXRH. Bank of America Corp DE grew its stake in shares of Texas Roadhouse by 82.5% in the 1st quarter. Bank of America Corp DE now owns 2,359,514 shares of the restaurant operator's stock valued at $254,969,000 after buying an additional 1,066,581 shares during the period. Morgan Stanley grew its position in Texas Roadhouse by 154.8% in the fourth quarter. Morgan Stanley now owns 1,064,802 shares of the restaurant operator's stock worth $96,844,000 after acquiring an additional 646,982 shares during the period. Norges Bank acquired a new stake in Texas Roadhouse during the fourth quarter worth $78,544,000. BlackRock Inc. raised its position in Texas Roadhouse by 7.8% in the first quarter. BlackRock Inc. now owns 8,127,535 shares of the restaurant operator's stock valued at $680,519,000 after purchasing an additional 585,944 shares during the period. Finally, Balyasny Asset Management L.P. lifted its stake in shares of Texas Roadhouse by 4,434,627.3% in the 1st quarter. Balyasny Asset Management L.P. now owns 487,820 shares of the restaurant operator's stock valued at $52,714,000 after purchasing an additional 487,809 shares during the last quarter. Hedge funds and other 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.