Texas Roadhouse (NASDAQ:TXRH) PT Set at $188.00 by Stifel Nicolaus

Key Points

• Stifel Nicolaus raised its target price for Texas Roadhouse (TXRH) stock from $180.00 to $188.00, indicating a potential upside of 1.31% from the stock's previous closing price.
• The restaurant operator currently has a consensus rating of "Moderate Buy", with twelve analysts recommending a buy and just one assigning a strong buy rating.
• Texas Roadhouse's stock price reached $185.57 during trading on Friday, with a 12-month low of $148.73 and a high of $206.04.
• Institutional investors hold a significant portion of the stock, with 94.82% of shares owned by hedge funds and large investors.

Texas Roadhouse (NASDAQ:TXRH - Get Free Report) has been assigned a $188.00 price target by equities research analysts at Stifel Nicolaus in a research note issued on Friday, MarketBeat.com reports. The firm presently has a "hold" rating on the restaurant operator's stock. Stifel Nicolaus' price target would indicate a potential downside of 0.09% from the stock's previous close.

Several other equities research analysts also recently weighed in on the stock. Bank of America increased their target price on shares of Texas Roadhouse from $203.00 to $219.00 and gave the stock a "buy" rating in a research note on Friday, July 18th. UBS Group increased their target price on shares of Texas Roadhouse from $200.00 to $220.00 and gave the stock a "buy" rating in a research note on Friday, June 6th. Wedbush increased their target price on shares of Texas Roadhouse from $200.00 to $210.00 and gave the stock an "outperform" rating in a research note on Friday, March 28th. Guggenheim increased their target price on shares of Texas Roadhouse from $200.00 to $210.00 and gave the stock a "buy" rating in a research note on Friday, July 11th. Finally, Wells Fargo & Company decreased their target price on shares of Texas Roadhouse from $175.00 to $170.00 and set an "equal weight" rating for the company in a research note on Tuesday, April 22nd. Ten analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Texas Roadhouse presently has a consensus rating of "Moderate Buy" and an average target price of $195.20.

Texas Roadhouse Trading Up 0.0%

Shares of Texas Roadhouse stock traded up $0.03 during trading on Friday, reaching $188.17. The company's stock had a trading volume of 437,582 shares, compared to its average volume of 1,112,111. The company has a 50-day moving average price of $189.42 and a two-hundred day moving average price of $178.94. Texas Roadhouse has a fifty-two week low of $148.73 and a fifty-two week high of $206.04. The firm has a market cap of $12.48 billion, a PE ratio of 29.03, a P/E/G ratio of 2.65 and a beta of 0.87.

Texas Roadhouse (NASDAQ:TXRH - Get Free Report) last announced its earnings results on Thursday, May 8th. The restaurant operator reported $1.70 earnings per share for the quarter, missing the consensus estimate of $1.75 by ($0.05). Texas Roadhouse had a return on equity of 32.33% and a net margin of 7.89%. The business had revenue of $1.45 billion for the quarter, compared to analyst estimates of $1.44 billion. During the same quarter last year, the company posted $1.69 EPS. Texas Roadhouse's quarterly revenue was up 11.8% on a year-over-year basis. On average, analysts predict that Texas Roadhouse will post 7.23 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, Director Donna E. Epps sold 800 shares of the firm's stock in a transaction that occurred on Friday, May 23rd. The shares were sold at an average price of $186.52, for a total transaction of $149,216.00. Following the completion of the transaction, the director directly owned 4,632 shares of the company's stock, valued at $863,960.64. This trade represents a 14.73% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Gregory N. Moore sold 1,000 shares of the firm's stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $187.62, for a total transaction of $187,620.00. Following the transaction, the director directly owned 38,050 shares of the company's stock, valued at approximately $7,138,941. This trade represents a 2.56% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.50% of the company's stock.

Institutional Trading of Texas Roadhouse

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Cypress Wealth Services LLC purchased a new stake in Texas Roadhouse in the 2nd quarter worth approximately $204,000. Bayforest Capital Ltd boosted its holdings in shares of Texas Roadhouse by 40.5% in the 2nd quarter. Bayforest Capital Ltd now owns 2,053 shares of the restaurant operator's stock valued at $385,000 after purchasing an additional 592 shares during the last quarter. Sagespring Wealth Partners LLC acquired a new position in shares of Texas Roadhouse in the 2nd quarter valued at $217,000. Boston Trust Walden Corp boosted its holdings in shares of Texas Roadhouse by 7.8% in the 2nd quarter. Boston Trust Walden Corp now owns 239,056 shares of the restaurant operator's stock valued at $44,802,000 after purchasing an additional 17,316 shares during the last quarter. Finally, TD Asset Management Inc boosted its holdings in shares of Texas Roadhouse by 14.3% in the 2nd quarter. TD Asset Management Inc now owns 686,322 shares of the restaurant operator's stock valued at $128,624,000 after purchasing an additional 85,656 shares during the last quarter. 94.82% of the stock is 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. 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.