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

Texas Roadhouse (NASDAQ:TXRH) had its price objective lifted by equities researchers at Citigroup from $212.00 to $213.00 in a report issued on Friday,Benzinga reports. The brokerage currently has a “buy” rating on the restaurant operator’s stock. Citigroup’s price objective suggests a potential upside of 25.94% from the stock’s previous close.

A number of other analysts have also recently commented on the company. Robert W. Baird upped their price objective on Texas Roadhouse from $190.00 to $205.00 and gave the company an “outperform” rating in a research report on Friday, October 25th. BMO Capital Markets upped their price target on Texas Roadhouse from $155.00 to $162.00 and gave the stock a “market perform” rating in a research report on Friday, October 25th. UBS Group upped their price target on Texas Roadhouse from $200.00 to $210.00 and gave the stock a “buy” rating in a research report on Friday, October 25th. Wedbush reduced their price target on Texas Roadhouse from $220.00 to $200.00 and set an “outperform” rating for the company in a research report on Friday. Finally, Royal Bank of Canada reduced their price target on Texas Roadhouse from $200.00 to $180.00 and set a “sector perform” rating for the company in a research report on Friday. Eleven investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $192.50.

Texas Roadhouse Stock Performance

Texas Roadhouse stock opened at $169.13 on Friday. The stock has a market cap 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 has a one year low of $146.51 and a one year high of $206.04. The stock has a fifty day moving average of $179.22 and a 200 day moving average of $180.17.

Texas Roadhouse (NASDAQ:TXRH) last posted its quarterly earnings data on Thursday, February 20th. The restaurant operator reported $1.73 EPS for the quarter, beating analysts’ consensus estimates of $1.66 by $0.07. The company had revenue of $1.44 billion during 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, sell-side analysts predict that Texas Roadhouse will post 7.23 EPS for the current fiscal year.

Insider Transactions at Texas Roadhouse

In other Texas Roadhouse 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 transaction 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 SEC, which is available through the SEC website. Company insiders own 0.50% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of TXRH. True Wealth Design LLC purchased a new position in Texas Roadhouse during the 3rd quarter worth $30,000. Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of Texas Roadhouse in the 4th quarter valued at $30,000. PSI Advisors LLC increased its holdings in shares of Texas Roadhouse by 70.8% in the 3rd quarter. PSI Advisors LLC now owns 181 shares of the restaurant operator’s stock valued at $32,000 after acquiring an additional 75 shares during the period. Coppell Advisory Solutions LLC increased its holdings in shares of Texas Roadhouse by 56.8% in the 4th quarter. Coppell Advisory Solutions LLC now owns 196 shares of the restaurant operator’s stock valued at $35,000 after acquiring an additional 71 shares during the period. Finally, SBI Securities Co. Ltd. purchased a new position in shares of Texas Roadhouse in the 4th quarter valued at $36,000. 94.82% of the stock is currently owned by hedge funds and other 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.