Truist Financial Issues Positive Forecast for Texas Roadhouse (NASDAQ:TXRH) Stock Price

Texas Roadhouse (NASDAQ:TXRH) had its price objective increased by stock analysts at Truist Financial from $207.00 to $209.00 in a research note issued on Wednesday,Benzinga reports. The brokerage currently has a “buy” rating on the restaurant operator’s stock. Truist Financial’s price objective would suggest a potential upside of 18.13% from the stock’s current price.

A number of other analysts have also issued reports on TXRH. Gordon Haskett lowered Texas Roadhouse from a “buy” rating to a “hold” rating and set a $192.00 target price for the company. in a report on Wednesday. Wedbush reiterated an “outperform” rating and issued a $200.00 target price on shares of Texas Roadhouse in a report on Thursday, December 19th. Bank of America raised their price target on shares of Texas Roadhouse from $206.00 to $234.00 and gave the stock a “buy” rating in a report on Tuesday, October 22nd. BMO Capital Markets upped their price objective on shares of Texas Roadhouse from $155.00 to $162.00 and gave the company a “market perform” rating in a research note on Friday, October 25th. Finally, Stifel Nicolaus lifted their target price on shares of Texas Roadhouse from $180.00 to $195.00 and gave the company a “hold” rating in a research note on Friday, October 25th. Fourteen research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $190.26.

Texas Roadhouse Stock Down 2.4 %

TXRH traded down $4.35 during trading on Wednesday, reaching $176.92. The stock had a trading volume of 154,647 shares, compared to its average volume of 605,828. The stock has a 50 day moving average of $191.09 and a two-hundred day moving average of $178.40. The firm has a market capitalization of $11.80 billion, a price-to-earnings ratio of 30.40, a price-to-earnings-growth ratio of 1.59 and a beta of 1.01. Texas Roadhouse has a 1-year low of $115.48 and a 1-year high of $206.04.

Texas Roadhouse (NASDAQ:TXRH) last issued its quarterly earnings results on Thursday, October 24th. The restaurant operator reported $1.26 earnings per share for the quarter, missing analysts’ consensus estimates of $1.32 by ($0.06). The business had revenue of $1.27 billion during the quarter, compared to analyst estimates of $1.27 billion. Texas Roadhouse had a net margin of 7.65% and a return on equity of 31.33%. Texas Roadhouse’s revenue was up 13.5% compared to the same quarter last year. During the same period in the previous year, the company posted $0.95 earnings per share. On average, research analysts forecast that Texas Roadhouse will post 6.39 EPS for the current fiscal year.

Insider Activity at Texas Roadhouse

In other Texas Roadhouse news, Director Donna E. Epps sold 610 shares of the company’s stock in a transaction 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 sale, the director now directly owns 3,532 shares in the company, valued at $691,071.12. This represents a 14.73 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CTO Hernan E. Mujica sold 1,500 shares of the business’s stock in a transaction on Thursday, November 14th. The shares were sold at an average price of $202.26, for a total transaction of $303,390.00. Following the completion of the sale, the chief technology officer now owns 16,342 shares in the company, valued at $3,305,332.92. This represents a 8.41 % decrease in their position. The disclosure for this sale can be found here. 0.50% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Texas Roadhouse

A number of hedge funds and other institutional investors have recently bought and sold shares of TXRH. Kingsview Wealth Management LLC raised its stake in shares of Texas Roadhouse by 3.1% in the third quarter. Kingsview Wealth Management LLC now owns 1,771 shares of the restaurant operator’s stock worth $313,000 after acquiring an additional 54 shares during the last quarter. CIBC Asset Management Inc raised its position in Texas Roadhouse by 3.3% in the 3rd quarter. CIBC Asset Management Inc now owns 1,952 shares of the restaurant operator’s stock worth $345,000 after purchasing an additional 62 shares during the last quarter. Insight Wealth Partners LLC lifted its holdings in Texas Roadhouse by 3.9% during the 3rd quarter. Insight Wealth Partners LLC now owns 1,818 shares of the restaurant operator’s stock worth $321,000 after buying an additional 68 shares in the last quarter. PSI Advisors LLC boosted its position in Texas Roadhouse by 70.8% in the 3rd quarter. PSI Advisors LLC now owns 181 shares of the restaurant operator’s stock valued at $32,000 after buying an additional 75 shares during the last quarter. Finally, Angeles Wealth Management LLC increased its stake in shares of Texas Roadhouse by 5.4% in the 3rd quarter. Angeles Wealth Management LLC now owns 1,469 shares of the restaurant operator’s stock valued at $259,000 after buying an additional 75 shares during the period. 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.