Texas Roadhouse (NASDAQ:TXRH) Given New $196.00 Price Target at Truist Financial

Texas Roadhouse (NASDAQ:TXRH) had its target price increased by equities research analysts at Truist Financial from $185.00 to $196.00 in a research report issued on Friday, Benzinga reports. The firm presently has a “buy” rating on the restaurant operator’s stock. Truist Financial’s price objective suggests a potential upside of 14.81% from the company’s current price.

Other analysts have also issued research reports about the company. Benchmark initiated coverage on Texas Roadhouse in a report on Wednesday, April 10th. They issued a “hold” rating on the stock. BTIG Research upped their price objective on Texas Roadhouse from $155.00 to $175.00 and gave the company a “buy” rating in a research report on Friday, May 3rd. Jefferies Financial Group upped their price objective on Texas Roadhouse from $120.00 to $136.00 and gave the company a “hold” rating in a research report on Tuesday, April 16th. Deutsche Bank Aktiengesellschaft upped their price objective on Texas Roadhouse from $190.00 to $193.00 and gave the company a “buy” rating in a research report on Tuesday, July 16th. Finally, JPMorgan Chase & Co. upped their price objective on Texas Roadhouse from $145.00 to $184.00 and gave the company a “neutral” rating in a research report on Tuesday, May 28th. Thirteen analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $166.18.

Texas Roadhouse Stock Up 2.8 %

TXRH stock traded up $4.70 on Friday, reaching $170.72. 98,608 shares of the company’s stock were exchanged, compared to its average volume of 802,392. The stock has a fifty day moving average of $169.75 and a 200-day moving average of $153.70. Texas Roadhouse has a twelve month low of $91.06 and a twelve month high of $175.72. The firm has a market cap of $11.40 billion, a PE ratio of 35.07, a P/E/G ratio of 1.59 and a beta of 1.01.

Texas Roadhouse (NASDAQ:TXRH) last posted its earnings results on Thursday, July 25th. The restaurant operator reported $1.79 earnings per share for the quarter, beating the consensus estimate of $1.66 by $0.13. The company had revenue of $1.34 billion for the quarter, compared to analyst estimates of $1.34 billion. Texas Roadhouse had a return on equity of 28.85% and a net margin of 6.94%. Texas Roadhouse’s revenue was up 14.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.22 earnings per share. On average, equities research analysts predict that Texas Roadhouse will post 6.07 EPS for the current fiscal year.

Insider Transactions at Texas Roadhouse

In other news, Director Curtis Warfield sold 1,025 shares of the firm’s stock in a transaction dated Wednesday, May 8th. The stock was sold at an average price of $165.82, for a total value of $169,965.50. Following the transaction, the director now directly owns 12,372 shares in the company, valued at approximately $2,051,525.04. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other Texas Roadhouse news, CEO Gerald L. Morgan sold 15,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 28th. The stock was sold at an average price of $171.70, for a total transaction of $2,575,500.00. Following the completion of the sale, the chief executive officer now owns 77,847 shares in the company, valued at approximately $13,366,329.90. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Curtis Warfield sold 1,025 shares of the firm’s stock in a transaction that occurred on Wednesday, May 8th. The shares were sold at an average price of $165.82, for a total value of $169,965.50. Following the sale, the director now owns 12,372 shares of the company’s stock, valued at approximately $2,051,525.04. The disclosure for this sale can be found here. Insiders have sold a total of 19,025 shares of company stock worth $3,251,266 in the last three months. 0.50% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the company. Vanguard Group Inc. lifted its holdings in Texas Roadhouse by 0.8% during the 1st quarter. Vanguard Group Inc. now owns 6,476,056 shares of the restaurant operator’s stock worth $1,000,356,000 after buying an additional 53,419 shares during the last quarter. Geneva Capital Management LLC lifted its holdings in Texas Roadhouse by 7.9% during the 4th quarter. Geneva Capital Management LLC now owns 948,219 shares of the restaurant operator’s stock worth $115,901,000 after buying an additional 69,536 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in Texas Roadhouse by 3.9% during the 4th quarter. Dimensional Fund Advisors LP now owns 833,790 shares of the restaurant operator’s stock worth $101,916,000 after buying an additional 31,079 shares during the last quarter. Boston Trust Walden Corp lifted its holdings in shares of Texas Roadhouse by 12.9% in the 4th quarter. Boston Trust Walden Corp now owns 777,202 shares of the restaurant operator’s stock worth $94,997,000 after purchasing an additional 89,019 shares during the last quarter. Finally, Westfield Capital Management Co. LP lifted its holdings in shares of Texas Roadhouse by 9.3% in the 4th quarter. Westfield Capital Management Co. LP now owns 768,526 shares of the restaurant operator’s stock worth $93,937,000 after purchasing an additional 65,480 shares during the last quarter. Institutional investors 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.