Stifel Nicolaus Lowers Texas Roadhouse (NASDAQ:TXRH) Price Target to $172.00

Texas Roadhouse (NASDAQ:TXRH) had its price objective decreased by analysts at Stifel Nicolaus from $185.00 to $172.00 in a research report issued on Friday,Benzinga reports. The brokerage presently has a “hold” rating on the restaurant operator’s stock. Stifel Nicolaus’ price target points to a potential upside of 1.70% from the company’s current price.

TXRH has been the topic of a number of other research reports. Truist Financial raised their price objective on shares of Texas Roadhouse from $207.00 to $209.00 and gave the stock a “buy” rating in a report on Wednesday, January 8th. The Goldman Sachs Group started coverage on shares of Texas Roadhouse in a research note on Thursday, December 5th. They issued a “neutral” rating and a $213.00 price objective on the stock. BMO Capital Markets boosted 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. Royal Bank of Canada reiterated a “sector perform” rating and issued a $200.00 price objective on shares of Texas Roadhouse in a research report on Thursday, January 16th. Finally, Robert W. Baird boosted their price objective on shares of Texas Roadhouse from $190.00 to $205.00 and gave the stock an “outperform” 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 stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $192.50.

Texas Roadhouse Trading Down 1.4 %

Shares of TXRH opened at $169.13 on Friday. Texas Roadhouse has a 12-month low of $146.51 and a 12-month high of $206.04. The firm has a 50-day moving average price of $179.22 and a 200 day moving average price of $180.17. The firm has a market capitalization of $11.28 billion, a P/E ratio of 26.14, a P/E/G ratio of 1.23 and a beta of 1.02.

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

Insider Buying and Selling

In related news, insider Christopher C. Colson sold 1,370 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the insider now directly owns 10,000 shares in the company, valued at approximately $1,794,600. The trade was a 12.05 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.50% of the stock is owned by corporate insiders.

Institutional Trading of Texas Roadhouse

A number of institutional investors and hedge funds have recently modified their holdings of TXRH. Ascent Group LLC lifted its stake in shares of Texas Roadhouse by 22.7% during the fourth quarter. Ascent Group LLC now owns 8,624 shares of the restaurant operator’s stock valued at $1,556,000 after acquiring an additional 1,596 shares during the period. PharVision Advisers LLC acquired a new position in Texas Roadhouse during the fourth quarter valued at approximately $259,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of Texas Roadhouse by 16.4% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 163,800 shares of the restaurant operator’s stock valued at $29,554,000 after buying an additional 23,093 shares during the last quarter. Worldquant Millennium Advisors LLC acquired a new stake in shares of Texas Roadhouse in the fourth quarter valued at approximately $381,000. Finally, Woodline Partners LP increased its stake in shares of Texas Roadhouse by 8.5% during the fourth quarter. Woodline Partners LP now owns 79,612 shares of the restaurant operator’s stock worth $14,364,000 after purchasing an additional 6,266 shares during the period. 94.82% of the stock is currently owned by institutional investors.

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.