Texas Roadhouse (NASDAQ:TXRH) Price Target Raised to $205.00 at Stephens

Key Points

• Stephens raised Texas Roadhouse’s price target to $205 from $180 but maintained an “equal weight” rating, implying about 1.52% downside from the reported share price.
• Analyst sentiment remains mixed: the stock has 10 Buy ratings and 13 Hold ratings, with a consensus rating of “Hold” and an average price target of $202.30.
• Texas Roadhouse exceeded quarterly expectations, reporting $1.85 in EPS versus $1.83 expected and $1.68 billion in revenue, up 11.1% year over year. Shares opened at $208.17, near their 52-week high of $213.26.

Texas Roadhouse (NASDAQ:TXRH - Get Free Report) had its target price raised by investment analysts at Stephens from $180.00 to $205.00 in a report issued on Friday,Benzinga reports. The brokerage presently has an "equal weight" rating on the restaurant operator's stock. Stephens' target price indicates a potential downside of 1.52% from the company's current price.

Other equities analysts have also issued research reports about the stock. BTIG Research upped their price target on shares of Texas Roadhouse from $200.00 to $220.00 and gave the stock a "buy" rating in a research report on Friday. Wall Street Zen raised Texas Roadhouse from a "sell" rating to a "hold" rating in a research note on Sunday, May 10th. Mizuho lifted their price objective on shares of Texas Roadhouse from $190.00 to $230.00 and gave the stock an "outperform" rating in a research note on Friday, July 31st. Barclays decreased their price target on shares of Texas Roadhouse from $188.00 to $175.00 and set an "equal weight" rating on the stock in a research report on Friday, May 8th. Finally, Deutsche Bank Aktiengesellschaft reissued a "buy" rating and set a $235.00 price objective on shares of Texas Roadhouse in a research note on Monday. Ten equities research analysts have rated the stock with a Buy rating and thirteen have issued a Hold rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $202.30.

Texas Roadhouse Price Performance

TXRH stock opened at $208.17 on Friday. The stock has a 50-day simple moving average of $186.99 and a 200-day simple moving average of $178.70. The firm has a market cap of $13.68 billion, a P/E ratio of 33.25, a price-to-earnings-growth ratio of 2.31 and a beta of 0.79. Texas Roadhouse has a 1 year low of $153.82 and a 1 year high of $213.26. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.40 and a current ratio of 0.46.

Texas Roadhouse (NASDAQ:TXRH - Get Free Report) last posted its quarterly earnings data on Thursday, August 6th. The restaurant operator reported $1.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.83 by $0.02. The company had revenue of $1.68 billion for the quarter, compared to the consensus estimate of $1.67 billion. Texas Roadhouse had a return on equity of 27.86% and a net margin of 6.85%.Texas Roadhouse's revenue for the quarter was up 11.1% compared to the same quarter last year. During the same period in the previous year, the business earned $1.86 EPS. On average, equities analysts predict that Texas Roadhouse will post 6.45 earnings per share for the current fiscal year.

Insider Buying and Selling at Texas Roadhouse

In related news, insider Christopher C. Colson sold 499 shares of the company's stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $179.22, for a total value of $89,430.78. Following the completion of the sale, the insider directly owned 14,500 shares in the company, valued at approximately $2,598,690. This represents a 3.33% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Gregory N. Moore sold 1,250 shares of the company's stock in a transaction dated Monday, May 11th. The stock was sold at an average price of $178.14, for a total value of $222,675.00. Following the sale, the director owned 30,900 shares of the company's stock, valued at approximately $5,504,526. This trade represents a 3.89% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 6,154 shares of company stock worth $1,115,864 over the last quarter. Insiders own 0.50% of the company's stock.

Institutional Investors Weigh In On Texas Roadhouse

Hedge funds and other institutional investors have recently made changes to their positions in the business. NewEdge Advisors LLC increased its holdings in Texas Roadhouse by 12.0% in the 1st quarter. NewEdge Advisors LLC now owns 2,423 shares of the restaurant operator's stock valued at $404,000 after buying an additional 259 shares during the period. Focus Partners Wealth grew its holdings in Texas Roadhouse by 23.3% during the 1st quarter. Focus Partners Wealth now owns 6,124 shares of the restaurant operator's stock worth $1,020,000 after acquiring an additional 1,157 shares during the last quarter. Geneos Wealth Management Inc. raised its stake in shares of Texas Roadhouse by 36.0% in the first quarter. Geneos Wealth Management Inc. now owns 419 shares of the restaurant operator's stock worth $70,000 after acquiring an additional 111 shares during the last quarter. Sivia Capital Partners LLC bought a new stake in shares of Texas Roadhouse during the second quarter valued at approximately $657,000. Finally, Marshall Wace LLP bought a new position in Texas Roadhouse in the 2nd quarter worth approximately $1,936,000. 94.82% of the stock is owned by institutional investors and hedge funds.

About Texas Roadhouse

Texas Roadhouse, Inc is a casual dining restaurant chain specializing in hand‐cut steaks, fall‐off‐the‐bone ribs, chicken, seafood and house specialties. Each restaurant features a Western‐themed décor, open kitchens and a signature line dance presentation of fresh, made‐from‐scratch sides and breads. The company emphasizes an energetic dining experience, focusing on hospitality, value and a family‐friendly environment.

The concept was created in 1993 by founder Kent Taylor, who sought to combine high‐quality steaks with an approachable, community‐oriented atmosphere.

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