Stephens Reaffirms "Equal Weight" Rating for Texas Roadhouse (NASDAQ:TXRH)

Texas Roadhouse (NASDAQ:TXRH - Get Free Report)'s stock had its "equal weight" rating reissued by analysts at Stephens in a report issued on Tuesday,Benzinga reports. They currently have a $170.00 target price on the restaurant operator's stock. Stephens' price objective points to a potential downside of 9.74% from the company's previous close.

A number of other equities analysts have also commented on TXRH. Citigroup lowered shares of Texas Roadhouse from a "buy" rating to a "neutral" rating and reduced their price target for the company from $213.00 to $164.00 in a research report on Wednesday, April 23rd. The Goldman Sachs Group increased their target price on Texas Roadhouse from $184.00 to $205.00 and gave the stock a "neutral" rating in a report on Wednesday, June 4th. JPMorgan Chase & Co. cut their target price on shares of Texas Roadhouse from $185.00 to $184.00 and set a "neutral" rating for the company in a research note on Thursday, March 20th. Royal Bank of Canada reduced their target price on shares of Texas Roadhouse from $200.00 to $180.00 and set a "sector perform" rating for the company in a report on Friday, February 21st. Finally, Barclays cut their price objective on shares of Texas Roadhouse from $179.00 to $175.00 and set an "equal weight" rating for the company in a research report on Friday, May 9th. Ten investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $191.71.

Texas Roadhouse Price Performance

TXRH stock traded down $0.82 during trading on Tuesday, reaching $188.35. 264,782 shares of the stock traded hands, compared to its average volume of 913,372. The business's 50 day moving average price is $176.68 and its 200-day moving average price is $179.31. The firm has a market capitalization of $12.50 billion, a PE ratio of 29.08, a P/E/G ratio of 1.23 and a beta of 0.89. Texas Roadhouse has a 52-week low of $148.73 and a 52-week high of $206.04.

Texas Roadhouse (NASDAQ:TXRH - Get Free Report) last issued its quarterly earnings data on Thursday, May 8th. The restaurant operator reported $1.70 EPS for the quarter, missing analysts' consensus estimates of $1.75 by ($0.05). The company had revenue of $1.45 billion for the quarter, compared to the consensus estimate of $1.44 billion. Texas Roadhouse had a return on equity of 34.02% and a net margin of 8.07%. Texas Roadhouse's quarterly revenue was up 11.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.69 earnings per share. On average, equities research analysts predict that Texas Roadhouse will post 7.23 earnings per share for the current year.

Insiders Place Their Bets

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

Institutional Trading of Texas Roadhouse

Several large investors have recently modified their holdings of TXRH. Axiom Investors LLC DE boosted its holdings in Texas Roadhouse by 3,696.7% in the 1st quarter. Axiom Investors LLC DE now owns 2,173,807 shares of the restaurant operator's stock valued at $362,221,000 after purchasing an additional 2,116,552 shares during the period. T. Rowe Price Investment Management Inc. raised its position in shares of Texas Roadhouse by 209.3% during the first quarter. T. Rowe Price Investment Management Inc. now owns 1,609,608 shares of the restaurant operator's stock valued at $268,209,000 after buying an additional 1,089,256 shares during the last quarter. Norges Bank bought a new stake in shares of Texas Roadhouse in the fourth quarter valued at about $155,239,000. Congress Asset Management Co. grew its position in Texas Roadhouse by 8,956.4% during the first quarter. Congress Asset Management Co. now owns 465,679 shares of the restaurant operator's stock worth $77,596,000 after buying an additional 460,537 shares in the last quarter. Finally, AQR Capital Management LLC increased its stake in Texas Roadhouse by 54.3% during the first quarter. AQR Capital Management LLC now owns 1,261,587 shares of the restaurant operator's stock valued at $209,840,000 after acquiring an additional 443,767 shares during the period. 94.82% of the stock is owned by institutional investors.

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.