UBS Group Has Lowered Expectations for Texas Roadhouse (NASDAQ:TXRH) Stock Price

Texas Roadhouse (NASDAQ:TXRH - Get Free Report) had its target price cut by UBS Group from $210.00 to $200.00 in a report released on Monday, Marketbeat reports. The firm presently has a "buy" rating on the restaurant operator's stock. UBS Group's price objective points to a potential upside of 9.78% from the company's previous close.

A number of other equities research analysts have also commented on the stock. Wells Fargo & Company lowered their price target on shares of Texas Roadhouse from $175.00 to $170.00 and set an "equal weight" rating for the company in a report on Tuesday, April 22nd. Royal Bank of Canada cut their price objective on Texas Roadhouse from $200.00 to $180.00 and set a "sector perform" rating on the stock in a research report on Friday, February 21st. Citigroup cut Texas Roadhouse from a "buy" rating to a "neutral" rating and lowered their target price for the company from $213.00 to $164.00 in a research note on Wednesday, April 23rd. Wedbush lifted their price target on shares of Texas Roadhouse from $200.00 to $210.00 and gave the company an "outperform" rating in a research report on Friday, March 28th. Finally, Morgan Stanley raised shares of Texas Roadhouse from an "equal weight" rating to an "overweight" rating and raised their target price for the company from $205.00 to $213.00 in a research note on Tuesday, January 21st. Ten equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $191.62.

Texas Roadhouse Price Performance

TXRH stock traded up $9.63 during midday trading on Monday, reaching $182.18. The company had a trading volume of 814,808 shares, compared to its average volume of 882,404. Texas Roadhouse has a 1 year low of $148.73 and a 1 year high of $206.04. The company has a market capitalization of $12.11 billion, a P/E ratio of 28.16, a P/E/G ratio of 1.23 and a beta of 0.87. The firm has a 50-day moving average price of $168.33 and a 200-day moving average price of $179.39.

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

Insider Buying and Selling at Texas Roadhouse

In related news, CTO Hernan E. Mujica sold 2,050 shares of the company's stock in a transaction on Monday, February 24th. The stock was sold at an average price of $170.66, for a total transaction of $349,853.00. Following the completion of the sale, the chief technology officer now owns 17,162 shares in the company, valued at approximately $2,928,866.92. This represents a 10.67 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, President Regina A. Tobin sold 3,154 shares of the firm's stock in a transaction dated Wednesday, March 5th. The stock was sold at an average price of $185.64, for a total value of $585,508.56. Following the completion of the transaction, the president now directly owns 18,414 shares in the company, valued at $3,418,374.96. The trade was a 14.62 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 16,535 shares of company stock worth $2,952,507. Insiders own 0.50% of the company's stock.

Institutional Trading of Texas Roadhouse

Several hedge funds have recently bought and sold shares of TXRH. Mirae Asset Global Investments Co. Ltd. bought a new position in Texas Roadhouse in the 4th quarter worth $30,000. Coppell Advisory Solutions LLC grew its stake 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 worth $35,000 after buying an additional 71 shares in the last quarter. SBI Securities Co. Ltd. bought a new stake in Texas Roadhouse during the fourth quarter worth approximately $36,000. Bogart Wealth LLC purchased a new stake in Texas Roadhouse during the 1st quarter valued at $33,000. Finally, MassMutual Private Wealth & Trust FSB lifted its holdings in shares of Texas Roadhouse by 32.2% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 267 shares of the restaurant operator's stock worth $48,000 after acquiring an additional 65 shares during the last quarter. Institutional investors own 94.82% of the company's stock.

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.