Texas Roadhouse (NASDAQ:TXRH) Now Covered by TD Cowen

Equities research analysts at TD Cowen began coverage on shares of Texas Roadhouse (NASDAQ:TXRH) in a note issued to investors on Tuesday,Benzinga reports. The firm set a “buy” rating and a $215.00 price target on the restaurant operator’s stock. TD Cowen’s price target indicates a potential upside of 10.55% from the company’s current price.

A number of other equities research analysts have also weighed in on TXRH. The Goldman Sachs Group lowered their price objective on shares of Texas Roadhouse from $200.00 to $180.00 and set a “neutral” rating for the company in a report on Wednesday, October 1st. Royal Bank Of Canada decreased their target price on shares of Texas Roadhouse from $185.00 to $175.00 and set a “sector perform” rating on the stock in a research note on Friday, November 7th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Texas Roadhouse in a report on Monday, December 29th. Stephens decreased their target price on Texas Roadhouse from $175.00 to $168.00 and set an “equal weight” rating for the company in a report on Friday, November 7th. Finally, Sanford C. Bernstein set a $185.00 target price on shares of Texas Roadhouse in a research report on Wednesday, January 7th. Two analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and ten have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $195.00.

Texas Roadhouse Stock Performance

Shares of NASDAQ:TXRH opened at $194.49 on Tuesday. The firm has a market capitalization of $12.87 billion, a PE ratio of 29.74, a price-to-earnings-growth ratio of 3.05 and a beta of 0.89. Texas Roadhouse has a 52-week low of $148.73 and a 52-week high of $199.99. The firm has a fifty day moving average of $173.17 and a 200 day moving average of $173.45.

Texas Roadhouse (NASDAQ:TXRH) last issued its quarterly earnings results on Thursday, November 6th. The restaurant operator reported $1.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.28 by ($0.03). The firm had revenue of $1.44 billion for the quarter, compared to the consensus estimate of $1.43 billion. Texas Roadhouse had a return on equity of 30.59% and a net margin of 7.49%.The company’s revenue for the quarter was up 12.8% on a year-over-year basis. During the same period last year, the firm earned $1.26 EPS. On average, sell-side analysts forecast that Texas Roadhouse will post 7.23 EPS for the current fiscal year.

Insider Activity at Texas Roadhouse

In other Texas Roadhouse news, CEO Gerald L. Morgan sold 5,000 shares of the stock in a transaction on Monday, January 12th. The stock was sold at an average price of $187.13, for a total transaction of $935,650.00. Following the sale, the chief executive officer directly owned 96,774 shares in the company, valued at approximately $18,109,318.62. This trade represents a 4.91% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Gregory N. Moore sold 1,400 shares of Texas Roadhouse stock in a transaction that occurred on Wednesday, December 3rd. The stock was sold at an average price of $170.00, for a total transaction of $238,000.00. Following the completion of the sale, the director owned 32,150 shares of the company’s stock, valued at $5,465,500. This represents a 4.17% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 7,400 shares of company stock valued at $1,340,920. 0.50% of the stock is owned by corporate insiders.

Institutional Trading of Texas Roadhouse

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Roundview Capital LLC bought a new position in shares of Texas Roadhouse in the 2nd quarter valued at about $1,482,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its position in Texas Roadhouse by 2,515.2% during the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 417,045 shares of the restaurant operator’s stock valued at $78,158,000 after purchasing an additional 401,098 shares during the period. Symphony Financial Ltd. Co. bought a new stake in shares of Texas Roadhouse in the 2nd quarter valued at approximately $28,465,000. NorthRock Partners LLC purchased a new position in shares of Texas Roadhouse in the 2nd quarter worth approximately $276,000. Finally, waypoint wealth counsel purchased a new position in shares of Texas Roadhouse in the 2nd quarter worth approximately $329,000. Hedge funds and other institutional investors own 94.82% of the company’s stock.

About Texas Roadhouse

Texas Roadhouse, Inc is a casual dining restaurant chain specializing in hand‐cut steaks, fall‐off‐the‐bone ribs, chicken, seafood and house specialties. Each restaurant features a Western‐themed décor, open kitchens and a signature line dance presentation of fresh, made‐from‐scratch sides and breads. The company emphasizes an energetic dining experience, focusing on hospitality, value and a family‐friendly environment.

The concept was created in 1993 by founder Kent Taylor, who sought to combine high‐quality steaks with an approachable, community‐oriented atmosphere.