Texas Roadhouse (NASDAQ:TXRH) had its price target hoisted by investment analysts at Stifel Nicolaus from $62.00 to $68.00 in a research report issued to clients and investors on Wednesday. The brokerage presently has a “buy” rating on the restaurant operator’s stock. Stifel Nicolaus’ price target indicates a potential upside of 7.54% from the stock’s current price.
Other equities analysts also recently issued research reports about the company. BTIG Research raised their target price on Texas Roadhouse to $67.00 and gave the stock a “reduce” rating in a research report on Tuesday, January 16th. Maxim Group restated a “buy” rating and set a $65.00 target price (up previously from $60.00) on shares of Texas Roadhouse in a research report on Wednesday, January 24th. Barclays raised their target price on Texas Roadhouse from $62.00 to $63.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 24th. Telsey Advisory Group restated a “market perform” rating and set a $64.00 target price (up previously from $58.00) on shares of Texas Roadhouse in a research report on Thursday, February 15th. Finally, Stephens raised their target price on Texas Roadhouse to $62.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 21st. One analyst has rated the stock with a sell rating, thirteen have issued a hold rating and eleven have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $59.43.
Shares of TXRH stock traded up $0.55 during mid-day trading on Wednesday, reaching $63.23. The stock had a trading volume of 98,718 shares, compared to its average volume of 785,741. The company has a current ratio of 0.78, a quick ratio of 0.73 and a debt-to-equity ratio of 0.06. Texas Roadhouse has a one year low of $44.29 and a one year high of $63.45. The company has a market capitalization of $4,456.14, a P/E ratio of 31.82, a P/E/G ratio of 2.10 and a beta of 0.59.
Texas Roadhouse (NASDAQ:TXRH) last posted its earnings results on Tuesday, February 20th. The restaurant operator reported $0.40 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.37 by $0.03. The business had revenue of $545.10 million during the quarter, compared to the consensus estimate of $545.24 million. Texas Roadhouse had a return on equity of 17.20% and a net margin of 5.93%. Texas Roadhouse’s revenue was up 12.5% on a year-over-year basis. During the same quarter last year, the company earned $0.29 EPS. sell-side analysts predict that Texas Roadhouse will post 2.35 earnings per share for the current fiscal year.
In related news, insider S. Chris Jacobsen sold 1,500 shares of the firm’s stock in a transaction on Monday, January 29th. The stock was sold at an average price of $60.00, for a total transaction of $90,000.00. Following the completion of the sale, the insider now directly owns 16,899 shares of the company’s stock, valued at approximately $1,013,940. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Scott Matthew Colosi sold 10,644 shares of Texas Roadhouse stock in a transaction on Friday, February 16th. The shares were sold at an average price of $58.55, for a total value of $623,206.20. The disclosure for this sale can be found here. Insiders have sold a total of 32,178 shares of company stock valued at $1,852,664 over the last ninety days. Insiders own 5.89% of the company’s stock.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in TXRH. Cerebellum GP LLC acquired a new stake in shares of Texas Roadhouse in the 4th quarter valued at $122,000. Cubist Systematic Strategies LLC acquired a new stake in shares of Texas Roadhouse in the 3rd quarter valued at $193,000. Claraphi Advisory Network LLC acquired a new stake in shares of Texas Roadhouse in the 4th quarter valued at $202,000. MML Investors Services LLC acquired a new stake in shares of Texas Roadhouse in the 4th quarter valued at $206,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Texas Roadhouse by 50.1% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,920 shares of the restaurant operator’s stock valued at $207,000 after buying an additional 1,308 shares during the period. 87.64% of the stock is owned by institutional investors.
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Texas Roadhouse Company Profile
Texas Roadhouse, Inc is a restaurant company, which operates in the casual dining segment. The Company offers an assortment of seasoned and aged steaks, all cooked over open grills and all but one hand cut daily on the premises. Its restaurants offer a range of menu items at prices that are designed to appeal to a range of consumer tastes.
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