Texas Roadhouse (NASDAQ:TXRH - Get Free Report) had its price target upped by stock analysts at Stephens from $184.00 to $190.00 in a research note issued to investors on Friday,Benzinga reports. The firm presently has an "equal weight" rating on the restaurant operator's stock. Stephens' price target would indicate a potential upside of 2.70% from the company's current price.
Several other research analysts have also issued reports on TXRH. Truist Financial set a $212.00 target price on Texas Roadhouse and gave the stock a "buy" rating in a research report on Wednesday, July 2nd. UBS Group upped 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. Melius started coverage on Texas Roadhouse in a report on Monday, July 14th. They issued a "buy" rating and a $235.00 price objective for the company. Stifel Nicolaus boosted their price objective on shares of Texas Roadhouse from $180.00 to $188.00 and gave the company a "hold" rating in a report on Friday, July 25th. Finally, Citigroup boosted their target price on shares of Texas Roadhouse from $180.00 to $197.00 and gave the company a "neutral" rating in a research note on Tuesday, July 29th. Ten analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $197.85.
View Our Latest Research Report on Texas Roadhouse
Texas Roadhouse Price Performance
Shares of Texas Roadhouse stock opened at $185.01 on Friday. Texas Roadhouse has a 1 year low of $148.73 and a 1 year high of $206.04. The firm has a market cap of $12.27 billion, a PE ratio of 28.55, a PEG ratio of 2.60 and a beta of 0.86. The company has a 50 day simple moving average of $188.05 and a two-hundred day simple moving average of $179.30.
Texas Roadhouse (NASDAQ:TXRH - Get Free Report) last announced its quarterly earnings results on Thursday, August 7th. The restaurant operator reported $1.86 EPS for the quarter, missing analysts' consensus estimates of $1.95 by ($0.09). The company had revenue of $1.51 billion during the quarter, compared to analysts' expectations of $1.50 billion. Texas Roadhouse had a return on equity of 32.33% and a net margin of 7.89%. Texas Roadhouse's revenue for the quarter was up 12.7% on a year-over-year basis. During the same period last year, the firm earned $1.79 earnings per share. As a group, research analysts anticipate that Texas Roadhouse will post 7.23 earnings per share for the current year.
Insider Buying and Selling at Texas Roadhouse
In other Texas Roadhouse news, Director Donna E. Epps sold 800 shares of the stock in a transaction dated 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 owned 4,632 shares of the company's stock, valued at $863,960.64. This trade represents a 14.73% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Gregory N. Moore sold 1,000 shares of the business's stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $187.62, for a total transaction of $187,620.00. Following the completion of the sale, the director directly owned 38,050 shares in the company, valued at $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. Corporate insiders own 0.50% of the company's stock.
Institutional Inflows and Outflows
A number of large investors have recently added to or reduced their stakes in TXRH. Golden State Wealth Management LLC boosted its holdings in Texas Roadhouse by 157.3% during the 1st quarter. Golden State Wealth Management LLC now owns 4,658 shares of the restaurant operator's stock valued at $776,000 after acquiring an additional 2,848 shares during the period. Comerica Bank boosted its stake in shares of Texas Roadhouse by 16.0% in the fourth quarter. Comerica Bank now owns 132,914 shares of the restaurant operator's stock valued at $23,982,000 after purchasing an additional 18,339 shares during the period. Wealth Enhancement Advisory Services LLC grew its holdings in shares of Texas Roadhouse by 253.5% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 38,086 shares of the restaurant operator's stock valued at $6,346,000 after purchasing an additional 27,312 shares in the last quarter. Brighton Jones LLC purchased a new stake in Texas Roadhouse during the 1st quarter worth approximately $499,000. Finally, Running Oak Capital LLC lifted its holdings in Texas Roadhouse by 9.3% during the 1st quarter. Running Oak Capital LLC now owns 89,385 shares of the restaurant operator's stock worth $14,933,000 after buying an additional 7,628 shares in the last quarter. 94.82% of the stock is currently owned by institutional investors and hedge funds.
Texas Roadhouse Company Profile
(
Get Free Report)
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.
Recommended Stories

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Texas Roadhouse, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Texas Roadhouse wasn't on the list.
While Texas Roadhouse currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's guide to investing in 5G and which 5G stocks show the most promise.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.