Texas Roadhouse (NASDAQ:TXRH) Given a $212.00 Price Target by Truist Financial Analysts

Texas Roadhouse (NASDAQ:TXRH - Get Free Report) has been assigned a $212.00 target price by stock analysts at Truist Financial in a research report issued to clients and investors on Wednesday, MarketBeat Ratings reports. The brokerage presently has a "buy" rating on the restaurant operator's stock. Truist Financial's target price indicates a potential upside of 12.47% from the company's current price.

A number of other analysts have also recently issued reports on the stock. Wells Fargo & Company reduced 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. Stifel Nicolaus decreased their price objective on shares of Texas Roadhouse from $172.00 to $170.00 and set a "hold" rating for the company in a report on Tuesday, April 15th. 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 report on Friday, June 6th. Robert W. Baird set a $180.00 price target on Texas Roadhouse and gave the stock an "outperform" rating in a research report on Monday, April 7th. Finally, Stephens reiterated an "equal weight" rating and set a $170.00 price target on shares of Texas Roadhouse in a research note on Tuesday, June 10th. Ten equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $192.05.

Texas Roadhouse Stock Down 1.4%

Shares of NASDAQ TXRH traded down $2.63 during mid-day trading on Wednesday, hitting $188.50. 405,454 shares of the company traded hands, compared to its average volume of 1,157,365. Texas Roadhouse has a 1 year low of $148.73 and a 1 year high of $206.04. The stock has a market capitalization of $12.51 billion, a price-to-earnings ratio of 29.09, a PEG ratio of 2.53 and a beta of 0.87. The business has a 50 day moving average of $185.75 and a two-hundred day moving average of $178.52.

Texas Roadhouse (NASDAQ:TXRH - Get Free Report) last announced its earnings results on Thursday, May 8th. The restaurant operator reported $1.70 EPS 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 firm had revenue of $1.45 billion during the quarter, compared to analyst estimates of $1.44 billion. During the same quarter in the previous year, the business earned $1.69 earnings per share. The business's quarterly revenue was up 11.8% compared to the same quarter last year. As a group, research analysts anticipate that Texas Roadhouse will post 7.23 EPS for the current year.

Insiders Place Their Bets

In related news, 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 value of $187,620.00. Following the completion of the transaction, the director owned 38,050 shares in the company, valued at $7,138,941. The trade was a 2.56% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Donna E. Epps sold 800 shares of the stock in a transaction on Friday, May 23rd. The shares were sold at an average price of $186.52, for a total value of $149,216.00. Following the completion of the transaction, the director owned 4,632 shares in the company, valued at $863,960.64. The trade was a 14.73% 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 Investors Weigh In On Texas Roadhouse

Institutional investors have recently modified their holdings of the business. Advisory Alpha LLC grew its holdings in Texas Roadhouse by 3.0% during the 1st quarter. Advisory Alpha LLC now owns 2,063 shares of the restaurant operator's stock worth $344,000 after acquiring an additional 60 shares during the period. Valeo Financial Advisors LLC boosted its holdings in Texas Roadhouse by 2.3% during the first quarter. Valeo Financial Advisors LLC now owns 2,750 shares of the restaurant operator's stock worth $458,000 after buying an additional 62 shares during the last quarter. Optas LLC grew its position in shares of Texas Roadhouse by 1.3% during the 1st quarter. Optas LLC now owns 5,217 shares of the restaurant operator's stock worth $869,000 after buying an additional 65 shares during the period. Oregon Public Employees Retirement Fund increased its stake in shares of Texas Roadhouse by 0.5% in the 1st quarter. Oregon Public Employees Retirement Fund now owns 13,627 shares of the restaurant operator's stock valued at $2,271,000 after acquiring an additional 66 shares during the last quarter. Finally, Coppell Advisory Solutions LLC raised its position in shares of Texas Roadhouse by 56.8% in the 4th quarter. Coppell Advisory Solutions LLC now owns 196 shares of the restaurant operator's stock valued at $35,000 after acquiring an additional 71 shares during the period. Institutional investors and hedge funds own 94.82% of the company's stock.

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.