Stifel Nicolaus Has Lowered Expectations for Texas Roadhouse (NASDAQ:TXRH) Stock Price

Texas Roadhouse (NASDAQ:TXRH) had its price target dropped by equities research analysts at Stifel Nicolaus from $195.00 to $185.00 in a report released on Friday,Benzinga reports. The firm currently has a “hold” rating on the restaurant operator’s stock. Stifel Nicolaus’ price target would suggest a potential upside of 7.75% from the stock’s previous close.

A number of other equities analysts have also recently issued reports on the stock. Loop Capital lowered their price objective on shares of Texas Roadhouse from $215.00 to $209.00 and set a “buy” rating for the company in a research report on Monday, October 28th. BMO Capital Markets upped their price objective on shares of Texas Roadhouse from $155.00 to $162.00 and gave the stock a “market perform” rating in a research report on Friday, October 25th. Wedbush reiterated an “outperform” rating and set a $200.00 price objective on shares of Texas Roadhouse in a research report on Thursday, December 19th. Robert W. Baird upped their price target on shares of Texas Roadhouse from $190.00 to $205.00 and gave the company an “outperform” rating in a research report on Friday, October 25th. Finally, Truist Financial upped their price target on shares of Texas Roadhouse from $207.00 to $209.00 and gave the company a “buy” rating in a research report on Wednesday, January 8th. Thirteen investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat.com, Texas Roadhouse presently has a consensus rating of “Hold” and a consensus price target of $190.83.

Texas Roadhouse Price Performance

TXRH stock opened at $171.70 on Friday. The company has a 50 day simple moving average of $181.04 and a 200 day simple moving average of $180.02. The stock has a market cap of $11.45 billion, a price-to-earnings ratio of 29.50, a P/E/G ratio of 1.28 and a beta of 1.02. Texas Roadhouse has a 1 year low of $132.28 and a 1 year high of $206.04.

Insider Buying and Selling

In related news, insider Christopher C. Colson sold 1,370 shares of the stock in a transaction on Friday, January 10th. The shares were sold at an average price of $179.46, for a total transaction of $245,860.20. Following the transaction, the insider now directly owns 10,000 shares of the company’s stock, valued at $1,794,600. This represents a 12.05 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.50% of the stock is owned by insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Hantz Financial Services Inc. lifted its stake in shares of Texas Roadhouse by 8,594.4% in the third 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 position in shares of Texas Roadhouse in the third quarter valued at $17,853,000. Victory Capital Management Inc. lifted its stake in shares of Texas Roadhouse by 194.9% in the third quarter. Victory Capital Management Inc. now owns 67,733 shares of the restaurant operator’s stock valued at $11,962,000 after buying an additional 44,768 shares in the last quarter. First Hawaiian Bank bought a new position in shares of Texas Roadhouse in the fourth quarter valued at $1,554,000. Finally, Thrivent Financial for Lutherans lifted its stake in shares of Texas Roadhouse by 0.9% in the third quarter. Thrivent Financial for Lutherans now owns 483,045 shares of the restaurant operator’s stock valued at $85,306,000 after buying an additional 4,391 shares in the last quarter. 94.82% of the stock is owned by institutional investors.

About Texas Roadhouse

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.