Texas Roadhouse (NASDAQ:TXRH) Receives New Coverage from Analysts at Stephens

Equities researchers at Stephens started coverage on shares of Texas Roadhouse (NASDAQ:TXRH - Get Free Report) in a research report issued on Friday, Marketbeat reports. The brokerage set an "equal weight" rating and a $150.00 price target on the restaurant operator's stock. Stephens' price target would indicate a potential upside of 0.92% from the stock's previous close.

A number of other brokerages have also issued reports on TXRH. Wells Fargo & Company upped their target price on shares of Texas Roadhouse from $125.00 to $140.00 and gave the stock an "equal weight" rating in a research report on Friday, February 16th. Piper Sandler upped their target price on shares of Texas Roadhouse from $110.00 to $136.00 and gave the stock a "neutral" rating in a research report on Tuesday, February 20th. Northcoast Research downgraded shares of Texas Roadhouse from a "buy" rating to a "neutral" rating in a research note on Tuesday, February 20th. Benchmark started coverage on shares of Texas Roadhouse in a research note on Wednesday. They set a "hold" rating for the company. Finally, JPMorgan Chase & Co. boosted their price target 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. Eleven analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $136.05.

Texas Roadhouse Price Performance

Shares of Texas Roadhouse stock traded down $0.34 during trading on Friday, hitting $148.63. 641,497 shares of the company's stock traded hands, compared to its average volume of 792,276. The firm's fifty day moving average price is $147.14 and its 200 day moving average price is $122.90. Texas Roadhouse has a twelve month low of $91.06 and a twelve month high of $157.12. The company has a market cap of $9.93 billion, a PE ratio of 32.84, a PEG ratio of 1.65 and a beta of 0.99.

Texas Roadhouse (NASDAQ:TXRH - Get Free Report) last released its quarterly earnings results on Thursday, February 15th. The restaurant operator reported $1.08 EPS for the quarter, beating analysts' consensus estimates of $1.07 by $0.01. The firm had revenue of $1.16 billion for the quarter, compared to analyst estimates of $1.16 billion. Texas Roadhouse had a net margin of 6.58% and a return on equity of 27.43%. The company's revenue for the quarter was up 15.3% compared to the same quarter last year. During the same period in the previous year, the business earned $0.89 earnings per share. As a group, equities research analysts anticipate that Texas Roadhouse will post 5.71 earnings per share for the current year.

Insider Transactions at Texas Roadhouse

In other news, insider Christopher C. Colson sold 405 shares of the stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $149.05, for a total transaction 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, Director Curtis Warfield sold 2,365 shares of the stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $148.68, for a total transaction of $351,628.20. Following the completion of the transaction, the director now owns 13,397 shares in the company, valued at $1,991,865.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Christopher C. Colson sold 405 shares of the stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $149.05, for a total transaction of $60,365.25. Following the transaction, the insider now owns 8,500 shares of the company's stock, valued at approximately $1,266,925. The disclosure for this sale can be found here. Insiders sold 12,382 shares of company stock valued at $1,843,145 over the last quarter. Corporate insiders own 0.50% of the company's stock.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Rise Advisors LLC acquired a new stake in Texas Roadhouse in the first quarter valued at $32,000. Operose Advisors LLC acquired a new stake in Texas Roadhouse in the third quarter valued at $28,000. Quarry LP lifted its stake in Texas Roadhouse by 100.6% in the second quarter. Quarry LP now owns 364 shares of the restaurant operator's stock valued at $41,000 after acquiring an additional 60,364 shares during the last quarter. Neo Ivy Capital Management acquired a new stake in Texas Roadhouse in the second quarter valued at $32,000. Finally, Belpointe Asset Management LLC lifted its stake in Texas Roadhouse by 71.9% in the first quarter. Belpointe Asset Management LLC now owns 459 shares of the restaurant operator's stock valued at $50,000 after acquiring an additional 192 shares during the last quarter. Institutional investors and hedge funds 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.