Stephens Issues Pessimistic Forecast for Texas Roadhouse (NASDAQ:TXRH) Stock Price

Texas Roadhouse (NASDAQ:TXRH) had its price objective cut by investment analysts at Stephens from $186.00 to $180.00 in a note issued to investors on Friday,Benzinga reports. The brokerage currently has an “equal weight” rating on the restaurant operator’s stock. Stephens’ price target would indicate a potential upside of 6.43% from the company’s previous close.

TXRH has been the topic of several other research reports. Barclays decreased their price target on Texas Roadhouse from $194.00 to $178.00 and set an “equal weight” rating on the stock in a research note on Friday. Robert W. Baird lifted their price objective on Texas Roadhouse from $190.00 to $205.00 and gave the stock an “outperform” rating in a research report on Friday, October 25th. Gordon Haskett downgraded Texas Roadhouse from a “buy” rating to a “hold” rating and set a $192.00 price objective for the company. in a research report on Wednesday, January 8th. The Goldman Sachs Group assumed coverage on Texas Roadhouse in a research report on Thursday, December 5th. They set a “neutral” rating and a $213.00 price objective for the company. Finally, UBS Group lifted their price objective 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 analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $192.50.

Texas Roadhouse Trading Down 1.4 %

Shares of TXRH opened at $169.13 on Friday. Texas Roadhouse has a twelve month low of $146.51 and a twelve month high of $206.04. The stock’s 50 day moving average is $179.22 and its two-hundred day moving average is $180.17. The firm has a market capitalization of $11.28 billion, a PE 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 quarterly earnings results on Thursday, February 20th. The restaurant operator reported $1.73 EPS for the quarter, topping the consensus estimate of $1.66 by $0.07. The business had revenue of $1.44 billion for the quarter, compared to analyst estimates of $1.41 billion. Texas Roadhouse had a return on equity of 34.02% and a net margin of 8.07%. On average, sell-side analysts predict that Texas Roadhouse will post 7.23 EPS for the current year.

Insider Buying and Selling at Texas Roadhouse

In other news, insider Christopher C. Colson sold 1,370 shares of the company’s stock in a transaction dated Friday, January 10th. The shares were sold at an average price of $179.46, for a total value of $245,860.20. Following the sale, the insider now owns 10,000 shares in the company, valued at approximately $1,794,600. This represents a 12.05 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.50% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Texas Roadhouse

A number of institutional investors have recently modified their holdings of TXRH. True Wealth Design LLC acquired a new stake in shares of Texas Roadhouse in the 3rd quarter valued at about $30,000. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of Texas Roadhouse in the 4th quarter valued at about $30,000. PSI Advisors LLC raised its stake 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 purchasing an additional 75 shares in the last quarter. Coppell Advisory Solutions LLC raised its stake 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 purchasing an additional 71 shares in the last quarter. Finally, SBI Securities Co. Ltd. acquired a new stake in Texas Roadhouse during the fourth quarter worth about $36,000. Institutional investors and hedge funds own 94.82% of the company’s stock.

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.