Texas Roadhouse (NASDAQ:TXRH) Receives Sector Perform Rating from Royal Bank of Canada

Texas Roadhouse (NASDAQ:TXRH)‘s stock had its “sector perform” rating reaffirmed by stock analysts at Royal Bank of Canada in a report issued on Thursday,Benzinga reports. They currently have a $200.00 price objective on the restaurant operator’s stock. Royal Bank of Canada’s target price would indicate a potential upside of 11.55% from the company’s previous close.

Several other analysts also recently weighed in on TXRH. The Goldman Sachs Group started coverage on shares of Texas Roadhouse in a research report on Thursday, December 5th. They issued a “neutral” rating and a $213.00 price objective on the stock. Wedbush reiterated an “outperform” rating and set a $200.00 price target on shares of Texas Roadhouse in a research report on Thursday, December 19th. Evercore ISI raised their price target on Texas Roadhouse from $195.00 to $200.00 and gave the company an “outperform” rating in a report on Tuesday, October 15th. Citigroup upped their price objective on shares of Texas Roadhouse from $192.00 to $201.00 and gave the stock a “buy” rating in a report on Tuesday, October 1st. Finally, Loop Capital lowered their target price on shares of Texas Roadhouse from $215.00 to $209.00 and set a “buy” rating on the stock in a research note on Monday, October 28th. Fourteen 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 has an average rating of “Hold” and a consensus target price of $190.91.

Texas Roadhouse Price Performance

TXRH stock opened at $179.29 on Thursday. The firm has a fifty day moving average price of $189.81 and a two-hundred day moving average price of $178.69. Texas Roadhouse has a 1-year low of $115.48 and a 1-year high of $206.04. The firm has a market cap of $11.96 billion, a price-to-earnings ratio of 30.81, a PEG ratio of 1.34 and a beta of 1.01.

Texas Roadhouse (NASDAQ:TXRH) last posted its earnings results on Thursday, October 24th. The restaurant operator reported $1.26 EPS for the quarter, missing the consensus estimate of $1.32 by ($0.06). The company had revenue of $1.27 billion for the quarter, compared to the consensus estimate of $1.27 billion. Texas Roadhouse had a net margin of 7.65% and a return on equity of 31.33%. The firm’s revenue for the quarter was up 13.5% compared to the same quarter last year. During the same period last year, the company posted $0.95 earnings per share. As a group, analysts expect that Texas Roadhouse will post 6.4 EPS for the current fiscal year.

Insiders Place Their Bets

In other Texas Roadhouse news, Director Donna E. Epps sold 610 shares of the company’s stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $195.66, for a total value of $119,352.60. Following the completion of the transaction, the director now owns 3,532 shares of the company’s stock, valued at $691,071.12. This represents a 14.73 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Christopher C. Colson sold 1,370 shares of Texas Roadhouse stock in a transaction that occurred on Friday, January 10th. The stock was sold at an average price of $179.46, for a total value of $245,860.20. Following the sale, the insider now directly owns 10,000 shares in the company, valued at $1,794,600. The trade was a 12.05 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 3,480 shares of company stock valued at $668,603 in the last three months. Company insiders own 0.50% of the company’s stock.

Institutional Investors Weigh In On Texas Roadhouse

Institutional investors have recently added to or reduced their stakes in the stock. Hantz Financial Services Inc. boosted its stake in Texas Roadhouse by 8,594.4% in the 3rd quarter. Hantz Financial Services Inc. now owns 3,130 shares of the restaurant operator’s stock valued at $553,000 after buying an additional 3,094 shares in the last quarter. Massachusetts Financial Services Co. MA bought a new stake in shares of Texas Roadhouse in the 3rd quarter worth about $17,853,000. Victory Capital Management Inc. increased its position in shares of Texas Roadhouse by 194.9% during the 3rd quarter. Victory Capital Management Inc. now owns 67,733 shares of the restaurant operator’s stock worth $11,962,000 after purchasing an additional 44,768 shares in the last quarter. Thrivent Financial for Lutherans lifted its holdings in Texas Roadhouse by 0.9% during the 3rd quarter. Thrivent Financial for Lutherans now owns 483,045 shares of the restaurant operator’s stock valued at $85,306,000 after purchasing an additional 4,391 shares during the last quarter. Finally, First Hawaiian Bank acquired a new position in Texas Roadhouse in the fourth quarter valued at about $1,554,000. 94.82% of the stock is owned by institutional investors and hedge funds.

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.