Barclays Lowers Texas Roadhouse (NASDAQ:TXRH) Price Target to $178.00

Texas Roadhouse (NASDAQ:TXRH) had its target price dropped by equities researchers at Barclays from $194.00 to $178.00 in a research note issued on Friday,Benzinga reports. The brokerage presently has an “equal weight” rating on the restaurant operator’s stock. Barclays‘s price objective would indicate a potential upside of 5.24% from the stock’s previous close.

TXRH has been the topic of several other reports. Stifel Nicolaus lowered their price target on Texas Roadhouse from $195.00 to $185.00 and set a “hold” rating on the stock in a research report on Friday, February 14th. Morgan Stanley raised shares of Texas Roadhouse from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $205.00 to $213.00 in a research note on Tuesday, January 21st. Gordon Haskett lowered Texas Roadhouse from a “buy” rating to a “hold” rating and set a $192.00 price target on the stock. in a research report on Wednesday, January 8th. Wedbush dropped their target price on Texas Roadhouse from $220.00 to $200.00 and set an “outperform” rating on the stock in a research report on Friday. Finally, UBS Group upped their target price on Texas Roadhouse from $200.00 to $210.00 and gave the stock a “buy” rating in a research report on Friday, October 25th. Eleven equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat, Texas Roadhouse has an average rating of “Moderate Buy” and a consensus price target of $192.50.

Texas Roadhouse Price Performance

Shares of TXRH opened at $169.13 on Friday. The business’s fifty day moving average price is $179.22 and its 200 day moving average price is $180.17. Texas Roadhouse has a 12-month low of $146.51 and a 12-month high of $206.04. The stock has a market capitalization of $11.28 billion, a PE ratio of 26.14, a price-to-earnings-growth ratio of 1.23 and a beta of 1.02.

Texas Roadhouse (NASDAQ:TXRH) last posted its earnings results on Thursday, February 20th. The restaurant operator reported $1.73 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.66 by $0.07. The company had revenue of $1.44 billion for the quarter, compared to analysts’ expectations of $1.41 billion. Texas Roadhouse had a return on equity of 34.02% and a net margin of 8.07%. As a group, research analysts anticipate that Texas Roadhouse will post 7.23 earnings per share for the current fiscal year.

Insider Buying and Selling at Texas Roadhouse

In other news, insider Christopher C. Colson sold 1,370 shares of the firm’s stock in a transaction on Friday, January 10th. The stock was sold at an average price of $179.46, for a total value of $245,860.20. Following the transaction, the insider now directly owns 10,000 shares in the company, valued at $1,794,600. This trade represents a 12.05 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.50% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in TXRH. Hantz Financial Services Inc. raised its stake in shares of Texas Roadhouse by 8,594.4% in the 3rd quarter. Hantz Financial Services Inc. now owns 3,130 shares of the restaurant operator’s stock valued at $553,000 after purchasing an additional 3,094 shares during the period. Massachusetts Financial Services Co. MA bought a new position in Texas Roadhouse during the third quarter worth about $17,853,000. Victory Capital Management Inc. grew its holdings in Texas Roadhouse by 194.9% during the third quarter. Victory Capital Management Inc. now owns 67,733 shares of the restaurant operator’s stock worth $11,962,000 after purchasing an additional 44,768 shares during the period. First Hawaiian Bank bought a new stake in shares of Texas Roadhouse during the fourth quarter worth approximately $1,554,000. Finally, Thrivent Financial for Lutherans boosted its holdings in shares of Texas Roadhouse by 0.9% during the third quarter. Thrivent Financial for Lutherans now owns 483,045 shares of the restaurant operator’s stock worth $85,306,000 after acquiring an additional 4,391 shares during the period. 94.82% of the stock is currently 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.