Texas Roadhouse (NASDAQ:TXRH) Price Target Increased to $183.00 by Analysts at Truist Financial

Texas Roadhouse (NASDAQ:TXRH) had its price target lifted by equities research analysts at Truist Financial from $181.00 to $183.00 in a report released on Monday, Benzinga reports. The firm presently has a “buy” rating on the restaurant operator’s stock. Truist Financial’s target price points to a potential upside of 7.63% from the company’s previous close.

Several other research firms have also issued reports on TXRH. Royal Bank of Canada raised their price objective on Texas Roadhouse from $165.00 to $175.00 and gave the company a “sector perform” rating in a research note on Friday, June 7th. JPMorgan Chase & Co. raised their price target on Texas Roadhouse from $145.00 to $184.00 and gave the stock a “neutral” rating in a research report on Tuesday, May 28th. Stifel Nicolaus boosted their price objective on shares of Texas Roadhouse from $155.00 to $175.00 and gave the company a “hold” rating in a research report on Monday, May 6th. Barclays raised their target price on shares of Texas Roadhouse from $138.00 to $160.00 and gave the stock an “equal weight” rating in a report on Friday, May 3rd. Finally, Jefferies Financial Group upped their price target on shares of Texas Roadhouse from $120.00 to $136.00 and gave the company a “hold” rating in a report on Tuesday, April 16th. Thirteen analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $157.86.

Texas Roadhouse Stock Down 1.0 %

Texas Roadhouse stock opened at $170.02 on Monday. Texas Roadhouse has a 52-week low of $91.06 and a 52-week high of $175.72. The firm’s fifty day moving average is $167.10 and its 200 day moving average is $147.55. The company has a market cap of $11.36 billion, a price-to-earnings ratio of 34.42, a PEG ratio of 1.67 and a beta of 1.01.

Texas Roadhouse (NASDAQ:TXRH) last posted its earnings results on Thursday, May 2nd. The restaurant operator reported $1.69 earnings per share for the quarter, topping analysts’ consensus estimates of $1.65 by $0.04. Texas Roadhouse had a net margin of 6.94% and a return on equity of 28.85%. The firm had revenue of $1.32 billion for the quarter, compared to the consensus estimate of $1.32 billion. During the same period in the previous year, the firm posted $1.28 EPS. The business’s quarterly revenue was up 12.5% on a year-over-year basis. On average, equities research analysts anticipate that Texas Roadhouse will post 6.02 earnings per share for the current fiscal year.

Insider Activity at Texas Roadhouse

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

Hedge Funds Weigh In On Texas Roadhouse

Large investors have recently made changes to their positions in the business. LRI Investments LLC purchased a new position in Texas Roadhouse during the 1st quarter worth $25,000. Rise Advisors LLC purchased a new stake in shares of Texas Roadhouse during the first quarter worth about $32,000. China Universal Asset Management Co. Ltd. increased its holdings in shares of Texas Roadhouse by 454.5% during the first quarter. China Universal Asset Management Co. Ltd. now owns 244 shares of the restaurant operator’s stock valued at $38,000 after acquiring an additional 200 shares in the last quarter. Fidelis Capital Partners LLC acquired a new position in shares of Texas Roadhouse during the first quarter valued at about $76,000. Finally, YHB Investment Advisors Inc. purchased a new position in shares of Texas Roadhouse in the 1st quarter valued at approximately $89,000. 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.