Texas Roadhouse (NASDAQ:TXRH) Stock Price Expected to Rise, BTIG Research Analyst Says

Texas Roadhouse (NASDAQ:TXRH) had its target price lifted by equities researchers at BTIG Research from $200.00 to $220.00 in a report released on Friday,Benzinga reports. The firm currently has a “buy” rating on the restaurant operator’s stock. BTIG Research’s price objective points to a potential upside of 5.68% from the company’s current price.

Other equities analysts also recently issued reports about the stock. Mizuho upped their price objective on shares of Texas Roadhouse from $190.00 to $230.00 and gave the company an “outperform” rating in a research note on Friday, July 31st. BMO Capital Markets upped their target price on shares of Texas Roadhouse from $165.00 to $180.00 and gave the company a “market perform” rating in a research note on Thursday, May 21st. Wall Street Zen raised Texas Roadhouse from a “sell” rating to a “hold” rating in a research report on Sunday, May 10th. Morgan Stanley reiterated an “overweight” rating and set a $201.00 target price on shares of Texas Roadhouse in a research report on Friday, May 8th. Finally, Stifel Nicolaus lifted 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. Ten research analysts have rated the stock with a Buy rating and thirteen have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $202.30.

Texas Roadhouse Stock Down 0.2%

TXRH stock opened at $208.17 on Friday. The stock has a fifty day moving average of $186.99 and a 200-day moving average of $178.70. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.40 and a current ratio of 0.46. Texas Roadhouse has a fifty-two week low of $153.82 and a fifty-two week high of $213.26. The company has a market capitalization of $13.68 billion, a price-to-earnings ratio of 33.25, a PEG ratio of 2.31 and a beta of 0.79.

Texas Roadhouse (NASDAQ:TXRH) last released its quarterly earnings results on Thursday, August 6th. The restaurant operator reported $1.85 earnings per share for the quarter, topping the consensus estimate of $1.83 by $0.02. The firm had revenue of $1.68 billion for the quarter, compared to analysts’ expectations of $1.67 billion. Texas Roadhouse had a net margin of 6.85% and a return on equity of 27.86%. The business’s quarterly revenue was up 11.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.86 earnings per share. As a group, equities research analysts predict that Texas Roadhouse will post 6.45 earnings per share for the current year.

Insider Buying and Selling at Texas Roadhouse

In other news, Director Gregory N. Moore sold 1,250 shares of the business’s stock in a transaction on Monday, May 11th. The shares were sold at an average price of $178.14, for a total transaction of $222,675.00. Following the completion of the sale, the director directly owned 30,900 shares of the company’s stock, valued at approximately $5,504,526. The trade was a 3.89% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Lloyd Paul Marshall sold 1,000 shares of the company’s stock in a transaction dated Thursday, May 14th. The stock was sold at an average price of $178.34, for a total transaction of $178,340.00. Following the completion of the transaction, the insider owned 10,326 shares in the company, valued at approximately $1,841,538.84. The trade was a 8.83% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 6,154 shares of company stock valued at $1,115,864. 0.50% of the stock is owned by company insiders.

Hedge Funds Weigh In On Texas Roadhouse

A number of institutional investors have recently modified their holdings of TXRH. Elyxium Wealth LLC purchased a new stake in shares of Texas Roadhouse in the fourth quarter valued at approximately $25,000. Basecamp Wealth Advisors LLC increased its holdings in Texas Roadhouse by 5,033.3% during the 1st quarter. Basecamp Wealth Advisors LLC now owns 154 shares of the restaurant operator’s stock worth $25,000 after purchasing an additional 151 shares during the period. Measured Wealth Private Client Group LLC bought a new stake in Texas Roadhouse during the 3rd quarter valued at $33,000. Garton & Associates Financial Advisors LLC purchased a new stake in shares of Texas Roadhouse in the 4th quarter worth $34,000. Finally, TD Private Client Wealth LLC grew its position in shares of Texas Roadhouse by 137.5% during the 4th quarter. TD Private Client Wealth LLC now owns 266 shares of the restaurant operator’s stock worth $44,000 after buying an additional 154 shares in the last quarter. 94.82% of the stock is owned by hedge funds and other institutional investors.

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.