Texas Roadhouse (NASDAQ:TXRH) Given New $145.00 Price Target at BMO Capital Markets

Texas Roadhouse (NASDAQ:TXRH) had its price objective lifted by stock analysts at BMO Capital Markets from $130.00 to $145.00 in a note issued to investors on Friday, Benzinga reports. The brokerage currently has a “market perform” rating on the restaurant operator’s stock. BMO Capital Markets’ price target points to a potential downside of 11.37% from the stock’s previous close.

TXRH has been the topic of a number of other reports. Benchmark initiated coverage on Texas Roadhouse in a research note on Wednesday, April 10th. They set a “hold” rating on the stock. JPMorgan Chase & Co. increased their target price on shares of Texas Roadhouse from $142.00 to $145.00 and gave the stock a “neutral” rating in a research note on Tuesday, March 19th. Piper Sandler upped their price target on shares of Texas Roadhouse from $110.00 to $136.00 and gave the stock a “neutral” rating in a report on Tuesday, February 20th. Evercore ISI increased their price objective on Texas Roadhouse from $160.00 to $175.00 and gave the stock an “outperform” rating in a research report on Friday. Finally, Wedbush upped their target price on Texas Roadhouse from $170.00 to $180.00 and gave the stock an “outperform” rating in a research note on Friday. Twelve analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $151.30.

Texas Roadhouse Price Performance

Shares of NASDAQ TXRH opened at $163.61 on Friday. Texas Roadhouse has a one year low of $91.06 and a one year high of $170.39. The business’s fifty day moving average price is $152.50 and its 200-day moving average price is $129.78. The stock has a market capitalization of $10.93 billion, a PE ratio of 33.12, a P/E/G ratio of 1.77 and a beta of 1.00.

Texas Roadhouse (NASDAQ:TXRH) last posted its earnings results on Thursday, May 2nd. The restaurant operator reported $1.69 earnings per share for the quarter, topping the consensus estimate of $1.65 by $0.04. The firm had revenue of $1.32 billion during the quarter, compared to the consensus estimate of $1.32 billion. Texas Roadhouse had a net margin of 6.94% and a return on equity of 29.49%. The company’s revenue was up 12.5% on a year-over-year basis. During the same quarter last year, the company earned $1.28 earnings per share. As a group, equities analysts expect that Texas Roadhouse will post 5.9 EPS for the current fiscal year.

Insider Activity

In other news, President Regina A. Tobin sold 3,064 shares of the stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $150.07, for a total value of $459,814.48. Following the sale, the president now directly owns 15,261 shares of the company’s stock, valued at $2,290,218.27. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, President Regina A. Tobin sold 3,064 shares of the firm’s stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $150.07, for a total transaction of $459,814.48. Following the completion of the sale, the president now owns 15,261 shares of the company’s stock, valued at $2,290,218.27. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Christopher C. Colson sold 405 shares of the company’s stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $149.05, for a total value of $60,365.25. Following the completion of the transaction, the insider now directly owns 8,500 shares in the company, valued at $1,266,925. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 12,382 shares of company stock worth $1,843,145. Insiders own 0.50% of the company’s stock.

Hedge Funds Weigh In On Texas Roadhouse

A number of hedge funds have recently bought and sold shares of TXRH. Operose Advisors LLC bought a new stake in shares of Texas Roadhouse in the third quarter worth approximately $28,000. Rise Advisors LLC purchased a new stake in Texas Roadhouse during the 1st quarter valued at $32,000. China Universal Asset Management Co. Ltd. lifted its holdings in shares of Texas Roadhouse by 454.5% during the 1st quarter. China Universal Asset Management Co. Ltd. now owns 244 shares of the restaurant operator’s stock valued at $38,000 after buying an additional 200 shares during the period. Fifth Third Bancorp boosted its stake in shares of Texas Roadhouse by 35.8% in the 3rd quarter. Fifth Third Bancorp now owns 474 shares of the restaurant operator’s stock worth $46,000 after buying an additional 125 shares during the last quarter. Finally, TFC Financial Management Inc. grew its holdings in shares of Texas Roadhouse by 100.0% in the fourth quarter. TFC Financial Management Inc. now owns 580 shares of the restaurant operator’s stock worth $71,000 after acquiring an additional 290 shares during the period. Hedge funds and other institutional investors own 94.82% of the company’s stock.

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.