Texas Roadhouse, Inc. (NASDAQ:TXRH) Given Consensus Recommendation of “Hold” by Brokerages

Texas Roadhouse, Inc. (NASDAQ:TXRH) has been given a consensus rating of “Hold” by the twenty-five analysts that are covering the company, MarketBeat Ratings reports. Thirteen equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $191.26.

A number of equities analysts have commented on TXRH shares. Royal Bank of Canada restated a “sector perform” rating and set a $200.00 price objective on shares of Texas Roadhouse in a research note on Thursday, January 16th. Robert W. Baird raised their price target on Texas Roadhouse from $190.00 to $205.00 and gave the stock an “outperform” rating in a research report on Friday, October 25th. Wedbush reaffirmed an “outperform” rating and issued a $200.00 price target on shares of Texas Roadhouse in a research note on Thursday, December 19th. Gordon Haskett downgraded shares of Texas Roadhouse from a “buy” rating to a “hold” rating and set a $192.00 price objective on the stock. in a research note on Wednesday, January 8th. Finally, Evercore ISI boosted their target price on shares of Texas Roadhouse from $195.00 to $200.00 and gave the company an “outperform” rating in a research report on Tuesday, October 15th.

Insiders Place Their Bets

In related news, insider Christopher C. Colson sold 1,370 shares of Texas Roadhouse 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 transaction, the insider now directly owns 10,000 shares of the company’s stock, valued at $1,794,600. The trade was a 12.05 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Donna E. Epps sold 610 shares of the stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $195.66, for a total transaction of $119,352.60. Following the sale, the director now directly owns 3,532 shares of the company’s stock, valued at $691,071.12. This represents a 14.73 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 3,480 shares of company stock valued at $668,603 in the last ninety days. 0.50% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Texas Roadhouse

A number of hedge funds have recently bought and sold shares of the company. Hantz Financial Services Inc. lifted its stake in 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 during the period. Massachusetts Financial Services Co. MA acquired a new position in shares of Texas Roadhouse during the 3rd quarter valued at $17,853,000. Victory Capital Management Inc. lifted its position in shares of Texas Roadhouse by 194.9% during the 3rd quarter. Victory Capital Management Inc. now owns 67,733 shares of the restaurant operator’s stock valued at $11,962,000 after acquiring an additional 44,768 shares during the period. First Hawaiian Bank bought a new position in Texas Roadhouse during the fourth quarter worth $1,554,000. Finally, Thrivent Financial for Lutherans grew its holdings in Texas Roadhouse by 0.9% in the third quarter. Thrivent Financial for Lutherans now owns 483,045 shares of the restaurant operator’s stock worth $85,306,000 after purchasing an additional 4,391 shares during the period. Institutional investors own 94.82% of the company’s stock.

Texas Roadhouse Stock Down 1.5 %

Shares of NASDAQ:TXRH opened at $178.45 on Friday. Texas Roadhouse has a 12-month low of $130.04 and a 12-month high of $206.04. The company’s 50 day moving average price is $184.74 and its two-hundred day moving average price is $179.89. The firm has a market cap of $11.90 billion, a PE ratio of 30.66, a PEG ratio of 1.30 and a beta of 1.02.

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.