Texas Roadhouse (NASDAQ:TXRH) Receives Equal Weight Rating from Stephens

Texas Roadhouse (NASDAQ:TXRH)‘s stock had its “equal weight” rating reissued by analysts at Stephens in a research note issued on Tuesday,Benzinga reports. They currently have a $170.00 target price on the restaurant operator’s stock. Stephens’ price objective points to a potential downside of 10.52% from the company’s previous close.

Several other equities analysts have also commented on the stock. Wedbush raised their target price on shares of Texas Roadhouse from $200.00 to $210.00 and gave the company an “outperform” rating in a report on Friday, March 28th. UBS Group increased their price objective on shares of Texas Roadhouse from $200.00 to $220.00 and gave the company a “buy” rating in a research note on Friday. Guggenheim decreased their target price 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. Royal Bank of Canada cut their price objective on Texas Roadhouse from $200.00 to $180.00 and set a “sector perform” rating on the stock in a report on Friday, February 21st. Finally, The Goldman Sachs Group raised their price target on shares of Texas Roadhouse from $184.00 to $205.00 and gave the stock a “neutral” rating in a report on Wednesday, June 4th. Ten equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat.com, Texas Roadhouse has a consensus rating of “Moderate Buy” and an average target price of $191.71.

Texas Roadhouse Stock Down 2.5%

NASDAQ:TXRH traded down $4.79 during mid-day trading on Tuesday, reaching $190.00. 316,488 shares of the company were exchanged, compared to its average volume of 913,004. Texas Roadhouse has a 12 month low of $148.73 and a 12 month high of $206.04. The company has a fifty day moving average of $176.23 and a 200 day moving average of $179.24. The stock has a market cap of $12.60 billion, a PE ratio of 29.39, a PEG ratio of 1.23 and a beta of 0.90.

Texas Roadhouse (NASDAQ:TXRH) last issued its quarterly earnings results on Thursday, May 8th. The restaurant operator reported $1.70 EPS for the quarter, missing the consensus estimate of $1.75 by ($0.05). Texas Roadhouse had a return on equity of 34.02% and a net margin of 8.07%. The business had revenue of $1.45 billion for the quarter, compared to the consensus estimate of $1.44 billion. During the same period last year, the firm earned $1.69 earnings per share. The company’s quarterly revenue was up 11.8% compared to the same quarter last year. On average, equities research analysts anticipate that Texas Roadhouse will post 7.23 EPS for the current fiscal year.

Insiders Place Their Bets

In other Texas Roadhouse news, Director Donna E. Epps sold 800 shares of the company’s stock in a transaction that occurred on Friday, May 23rd. The shares were sold at an average price of $186.52, for a total transaction of $149,216.00. Following the completion of the sale, the director now directly owns 4,632 shares of the company’s stock, valued at approximately $863,960.64. This represents a 14.73% 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, Director Gregory N. Moore sold 1,000 shares of Texas Roadhouse stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $187.62, for a total value of $187,620.00. Following the sale, the director now directly owns 38,050 shares in the company, valued at $7,138,941. This trade represents a 2.56% decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.50% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Cornerstone Investment Partners LLC increased its stake in Texas Roadhouse by 2.7% during the 4th quarter. Cornerstone Investment Partners LLC now owns 2,159 shares of the restaurant operator’s stock valued at $390,000 after purchasing an additional 56 shares in the last quarter. Advisory Alpha LLC increased its holdings in Texas Roadhouse by 3.0% in the 1st quarter. Advisory Alpha LLC now owns 2,063 shares of the restaurant operator’s stock worth $344,000 after buying an additional 60 shares during the period. Valeo Financial Advisors LLC raised its position in Texas Roadhouse by 2.3% during the 1st quarter. Valeo Financial Advisors LLC now owns 2,750 shares of the restaurant operator’s stock worth $458,000 after buying an additional 62 shares during the last quarter. Optas LLC boosted its holdings in shares of Texas Roadhouse by 1.3% in the 1st quarter. Optas LLC now owns 5,217 shares of the restaurant operator’s stock valued at $869,000 after acquiring an additional 65 shares during the last quarter. Finally, Oregon Public Employees Retirement Fund increased its stake in shares of Texas Roadhouse by 0.5% in the first quarter. Oregon Public Employees Retirement Fund now owns 13,627 shares of the restaurant operator’s stock worth $2,271,000 after acquiring an additional 66 shares during the period. Institutional investors 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.