JPMorgan Chase & Co. Lowers Texas Roadhouse (NASDAQ:TXRH) Price Target to $184.00

Texas Roadhouse (NASDAQ:TXRH) had its price target lowered by stock analysts at JPMorgan Chase & Co. from $185.00 to $184.00 in a research note issued on Thursday,Benzinga reports. The brokerage presently has a “neutral” rating on the restaurant operator’s stock. JPMorgan Chase & Co.‘s price objective points to a potential upside of 8.31% from the company’s previous close.

Other equities research analysts have also issued research reports about the stock. Citigroup boosted their price objective on shares of Texas Roadhouse from $212.00 to $213.00 and gave the stock a “buy” rating in a research note on Friday, February 21st. Guggenheim dropped their price objective on shares of Texas Roadhouse from $205.00 to $200.00 and set a “buy” rating on the stock in a research note on Thursday, February 27th. The Goldman Sachs Group initiated coverage on shares of Texas Roadhouse in a research note on Thursday, December 5th. They issued a “neutral” rating and a $213.00 target price on the stock. Gordon Haskett downgraded shares of Texas Roadhouse from a “buy” rating to a “hold” rating and set a $192.00 target price on the stock. in a research note on Wednesday, January 8th. Finally, Stephens dropped their target price on shares of Texas Roadhouse from $186.00 to $180.00 and set an “equal weight” rating on the stock in a research note on Friday, February 21st. Eleven equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat.com, Texas Roadhouse currently has a consensus rating of “Moderate Buy” and an average price target of $192.91.

Texas Roadhouse Price Performance

NASDAQ:TXRH opened at $169.88 on Thursday. Texas Roadhouse has a one year low of $146.75 and a one year high of $206.04. The company’s 50-day simple moving average is $176.79 and its 200 day simple moving average is $181.14. The firm has a market capitalization of $11.29 billion, a P/E ratio of 26.26, a PEG ratio of 1.23 and a beta of 1.00.

Texas Roadhouse (NASDAQ:TXRH) last posted its quarterly earnings data on Thursday, February 20th. The restaurant operator reported $1.73 EPS 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 business had revenue of $1.44 billion for the quarter, compared to analyst estimates of $1.41 billion. On average, equities research analysts expect that Texas Roadhouse will post 7.23 earnings per share for the current fiscal year.

Insider Buying and Selling at Texas Roadhouse

In other Texas Roadhouse news, insider Christopher C. Colson sold 1,370 shares of the company’s stock in a transaction that occurred 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 completion of the sale, the insider now directly owns 10,000 shares of the company’s stock, valued at approximately $1,794,600. This represents a 12.05 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, President Regina A. Tobin sold 3,154 shares of the company’s stock in a transaction that occurred on Wednesday, March 5th. The shares were sold at an average price of $185.64, for a total transaction of $585,508.56. Following the sale, the president now directly owns 18,414 shares of the company’s stock, valued at approximately $3,418,374.96. This represents a 14.62 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 17,905 shares of company stock valued at $3,198,367. Insiders own 0.50% of the company’s stock.

Institutional Trading of Texas Roadhouse

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Wealth Enhancement Advisory Services LLC increased its stake in shares of Texas Roadhouse by 21.1% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 10,774 shares of the restaurant operator’s stock worth $1,944,000 after purchasing an additional 1,880 shares in the last quarter. Jefferies Financial Group Inc. purchased a new stake in shares of Texas Roadhouse in the fourth quarter worth $371,000. Ascent Group LLC increased its stake in shares of Texas Roadhouse by 22.7% in the fourth quarter. Ascent Group LLC now owns 8,624 shares of the restaurant operator’s stock worth $1,556,000 after purchasing an additional 1,596 shares in the last quarter. PharVision Advisers LLC purchased a new stake in shares of Texas Roadhouse in the fourth quarter worth $259,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake 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 worth $29,554,000 after purchasing an additional 23,093 shares in the last quarter. 94.82% of the stock is 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.