Texas Roadhouse (NASDAQ:TXRH) Price Target Raised to $205.00 at TD Cowen

Texas Roadhouse (NASDAQ:TXRH) had its target price raised by TD Cowen from $192.00 to $205.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The brokerage presently has a “buy” rating on the restaurant operator’s stock. TD Cowen’s price objective suggests a potential upside of 12.51% from the company’s previous close.

TXRH has been the topic of several other reports. Truist Financial cut their price objective on shares of Texas Roadhouse from $188.00 to $186.00 and set a “hold” rating on the stock in a research report on Friday, February 20th. Stifel Nicolaus raised their target price on shares of Texas Roadhouse from $170.00 to $180.00 and gave the company a “hold” rating in a research note on Tuesday, May 12th. JPMorgan Chase & Co. raised their target price on shares of Texas Roadhouse from $182.00 to $188.00 and gave the company a “neutral” rating in a research note on Thursday, May 14th. Benchmark reissued a “hold” rating on shares of Texas Roadhouse in a research note on Monday, February 23rd. Finally, Stephens raised their target price on shares of Texas Roadhouse from $168.00 to $180.00 and gave the company an “equal weight” rating in a research note on Friday, February 20th. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and fourteen have given a Hold rating to the company. According to MarketBeat, Texas Roadhouse has an average rating of “Hold” and a consensus target price of $196.36.

Texas Roadhouse Trading Up 2.6%

Shares of NASDAQ:TXRH opened at $182.20 on Wednesday. The company has a market cap of $11.98 billion, a PE ratio of 29.11, a P/E/G ratio of 1.95 and a beta of 0.77. The company’s 50-day moving average price is $167.44 and its 200 day moving average price is $173.35. Texas Roadhouse has a fifty-two week low of $153.82 and a fifty-two week high of $199.99. The company has a quick ratio of 0.40, a current ratio of 0.46 and a debt-to-equity ratio of 0.03.

Texas Roadhouse (NASDAQ:TXRH) last issued its quarterly earnings data on Thursday, May 7th. The restaurant operator reported $1.87 earnings per share for the quarter, beating the consensus estimate of $1.80 by $0.07. The firm had revenue of $1.63 billion for the quarter, compared to the consensus estimate of $1.64 billion. Texas Roadhouse had a net margin of 6.85% and a return on equity of 27.86%. Texas Roadhouse’s quarterly revenue was up 10.5% compared to the same quarter last year. During the same period last year, the firm posted $1.70 EPS. Sell-side analysts anticipate that Texas Roadhouse will post 6.39 earnings per share for the current year.

Insider Activity

In related news, Director Curtis Warfield sold 2,640 shares of the business’s stock in a transaction that occurred on Monday, May 11th. The shares were sold at an average price of $183.05, for a total transaction of $483,252.00. Following the transaction, the director directly owned 5,361 shares of the company’s stock, valued at approximately $981,331.05. The trade was a 33.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CTO Hernan E. Mujica sold 5,000 shares of the business’s stock in a transaction that occurred on Friday, March 13th. The shares were sold at an average price of $170.00, for a total transaction of $850,000.00. Following the transaction, the chief technology officer directly owned 15,552 shares in the company, valued at $2,643,840. The trade was a 24.33% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 18,217 shares of company stock valued at $3,162,560 in the last three months. 0.50% of the stock is currently owned by insiders.

Institutional Trading of Texas Roadhouse

Institutional investors have recently added to or reduced their stakes in the business. Elyxium Wealth LLC acquired a new stake in Texas Roadhouse in the fourth quarter valued at approximately $25,000. Princeton Global Asset Management LLC acquired a new stake in shares of Texas Roadhouse in the fourth quarter worth $31,000. Measured Wealth Private Client Group LLC acquired a new stake in shares of Texas Roadhouse in the third quarter worth $33,000. Garton & Associates Financial Advisors LLC acquired a new stake in shares of Texas Roadhouse in the fourth quarter worth $34,000. Finally, TD Private Client Wealth LLC increased its position in Texas Roadhouse by 137.5% during the fourth quarter. TD Private Client Wealth LLC now owns 266 shares of the restaurant operator’s stock worth $44,000 after acquiring an additional 154 shares during the period. 94.82% of the stock is currently owned by institutional investors and hedge funds.

About Texas Roadhouse

Texas Roadhouse, Inc is a casual dining restaurant chain specializing in hand‐cut steaks, fall‐off‐the‐bone ribs, chicken, seafood and house specialties. Each restaurant features a Western‐themed décor, open kitchens and a signature line dance presentation of fresh, made‐from‐scratch sides and breads. The company emphasizes an energetic dining experience, focusing on hospitality, value and a family‐friendly environment.

The concept was created in 1993 by founder Kent Taylor, who sought to combine high‐quality steaks with an approachable, community‐oriented atmosphere.